PKN ORLEN shares have been included in the FTSE4Good Emerging Index, measuring the performance of companies from more than 20 countries which demonstrate strong Environmental, Social and Governance (ESG) practices.
The FTSE4Good Series are indices established to assist investors in making investment decisions based on the best ESG practices. FTSE4Good has been among the London Stock Exchange indices since 2001, and the FTSE4Good Emerging Index, launched in December 2016, represents its extension including companies from developing countries.
“We take efforts to conduct our production, business and social activities in compliance with the highest standards. Inclusion of our shares in the FTSE4Good index comes as a confirmation that these efforts are successful, and that our strong commitment to ESG considerations is not only noticed, but also appreciated,” said Sławomir Jędrzejczyk, Vice President of the Management Board, Chief Financial Officer.
ESG evaluation criteria are based solely on publicly available data, exclusive of private information sources, which guarantees credibility and clarity of the data.
The index ratings are based on more than 300 indicators divided into 14 subsets and three general areas: “Environmental”, “Social” and “Governance”. Selection criteria include water use, climate change impact, tax transparency, customer responsibility, and respecting human rights. Companies are assessed and selected to the index by a committee consisting of representatives of investors, business, NGOs, trade unions and academia.