BM&FBOVESPA Announces 10th Portfolio of Corporate Sustainability Index
OREANDA-NEWS. BM&FBOVESPA announced the tenth portfolio of the Corporate Sustainability Index (ISE), effective from January 05, 2015 to January 02, 2016. The new portfolio is composed of 51 stocks of 40 companies. The companies are drawn from 19 sectors and have a combined market capitalization of BRL 1.22 trillion, or 49.87% of the combined figure for all of the companies traded on BM&FBOVESPA, based on the close of trading on November 24, 2014 (in the previous year, combined market capitalization was BRL 1.14 trillion, the equivalent of 47.16% of the total, based on the close of trading on November 26, 2013).
Of the 40 companies in the current portfolio, four are new: JSL, B2W DIGITAL, LOJAS AMERICANAS and LOJAS RENNER, with the latter three being responsible for the "Retail" sector going onto ISE. The larger number of sectors increases attractiveness for investors, due to greater diversification, and also demonstrates that the Sustainability trend is gaining maturity as its reach stretches further across sectors.
The tenth ISE portfolio also shows a significant increase to companies' transparency. The number of companies authorizing the publication of answers to the questionnaire has risen from 22 to 34 (see table below) and now represents 85% of the total of the new portfolio. Last year it was 55% of the total. \
This year, once again, the ISE process includes KPMG validation, which helps grant even greater credibility to the procedures. ISE has also maintained its daily press monitoring partnership with the company Imagem Corporativa.
The 182 companies with the 200 most liquid stocks on the Exchange at the time of portfolio renewal in January 2014 were invited to join the new portfolio. Of this group of companies, 49 signed up for one or more of the three categories (46 as Eligible, one as Training and eight as Simulated).
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