CIECH becomes a part of new Warsaw Stock Exchange Index - WIG-ESG
CIECH S.A. is one of 60 companies included in the new WSE index - WIG-ESG. Publication of the new index will start from September 3, 2019 and wil include companies from WIG20 and mWIG40. The shares of companies in the WIG-ESG index are determined on the basis of the number of free float shares and by taking into account the ESG ranking and the assessment of compliance with corporate governance rules.
Leading global ESG research and ratings provider, Sustainalytics, is providing the company ESG Risk Ratings, which are among the criteria underpinning the index weights. Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks, and how well the company is managing those risks. The firm’s multi-dimensional way of measuring ESG risk combines concepts of management and exposure to arrive at a quantitative assessment of unmanaged ESG risk that is comparable both across and within industries.
The weighting of index participants also depends on the degree of compliance with the corporate governance principles laid down in the Code of Best Practice for GPW Listed Companies 2016. Based on companies’ public statements of compliance, the Exchange will determine their weighting depending on the number of principles respected and the quality of the published statements.
Index data will be published every minute from the opening to the closing of each trading session. The participation of the largest stocks in the index portfolio will be capped according to funds’ investment rules.
More info on WSE internet page:
CONTACT DETAILS
Mirosław Kuk, Press Spokesperson of the CIECH Group
miroslaw.kuk@ciechgroup.com, tel. +48 723 66 86 86
CIECH is an international, expanding chemical group, with a strong standing on European and global markets and with a stable strategic investor (Kulczyk Investments). The company exports its products to over 100 countries around the world, including soda ash, purified soda, salt, plant protection agents, epoxy and polyester resins, polyurethane foams, silicates, and glass packaging. CIECH manufactures products of the highest, world-class quality, which are further used to produce articles which are essential in the everyday life of people all over the world. At the same time, it combines a modern approach to business with the tradition of production which dates back to 1882. Since 2005, the company has been listed on the Warsaw Stock Exchange and, since 2016, on one of the largest stock exchanges in Europe: Börse Frankfurt. More information is available at www.ciechgroup.com
