ING Bank Sláski meets top notch standards of responsible business4 Mar 2013For better business
The Warsaw Stock Exchange announced the new portfolio of the 2013 RESPECT Index, in which ING Bank Sláski is included. The RESPECT Index is Poland’s first stock exchange index of socially responsible companies and covers twenty companies. The index aims at identification of companies managed in a responsible and sustainable manner. ING Bank Sláski has been included in the index for the sixth time since the very first announcement made in 2009.
In order to be included in the Index the companies undergo 3-stage verification. The first stage is to short-list the companies with highest liquidity. The second comprises evaluation of companies’ publicly available documents and Internet sites to confirm application of corporate governance, information governance and investors relations practices by those entities. In the final stage a company fills out a dedicated questionnaire and is audited by Deloitte.
The RESPECT Index project, similarly to the first edition held in 2009, aims at identification of companies managed in a responsible and sustainable manner, but additionally it puts strong emphasis on investment attractiveness of companies that are characterized, among others, by reporting quality, level of investor relations or information governance. Thanks to the incorporation of the liquidity aspect into the eligibility criteria the RESPECT Index, similarly to other exchange indices, represents a real reference for professional investors.
Małgorzata Kołakowska, President of the Management Board of ING Bank Sláski says: “We are pleased to be presented in the Respect Index as a result of our high governance standards. Our strategic approach to sustainable development is a distinguishing feature – we work towards achieving business goals of the bank while taking into account the needs of all stakeholders, the society at large and the environment.” She continues: “The knowledge that we do the right thing as the employer and business partner helps us build relationships based on trust. It translates into long-term co-operation and – by extension – helps us gain a competitive advantage.”
Read more at: www.odpowiedzialni.gpw.pl