Bank of China Selected as Constituent of Hang Seng Index
OREANDA-NEWS. October 03, 2012. Hang Seng Indexes Company released its annual review results on Hang Seng Corporate Sustainability Index Series. In recognition of its excellent performance in sustainability, Bank of China has been select as a constituent member of all Hang Seng Corporate Sustainability Index Series for three consecutive years, reported the press-centre of Bank of China.
Hang Seng Corporate Sustainability Index Series was established by Hang Seng Indexes Company in July 2010. It is the first corporate sustainability index series covering Hong Kong and Chinese mainland public firms, aiming to provide a benchmark for index funds that adopt a corporate sustainability theme. This Index Series composes of five indexes, namely Hang Seng Corporate Sustainability Benchmark Index, Hang Seng (China A) Corporate Sustainability Benchmark Index, Hang Seng Corporate Sustainability Index, Hang Seng (China A) Corporate Sustainability Index and Hang Seng (Mainland and HK) Corporate Sustainability Index.
The selection criteria for Hang Seng Corporate Sustainability Index Series are strict. Hang Seng Indexes Company preliminarily screens public firms in terms of market capitalization, turnover and listing history, then it will measure the corporate sustainability performance of eligible companies against environmental impact, social impact, corporate governance and workplace practices. The Bank has been selected as a constitute member of Hang Seng Corporate Sustainability Index Series for three consecutive years, which represents capital market’s recognition on the Bank’s sustainability.
Moreover, the Bank has also been a constituent member of many other important Hang Seng indexes, such as Hang Seng Index, Hang Seng China H-Financial Index, Hang Seng China Enterprises Index and Hang Seng China A Industry Top Index, which reflects capital market’s recognition of the Bank’s market influence.
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