Social responsibility investment index launches

Saturday, 12 November, 2005

Research and ratings agency, ReputTex has launched its Social Responsibility Investment (SRI) Index.

The RepuTex SRI Index comprises 44 companies from the S&P/ASX 300 Index that have achieved a RepuTex Corporate Social Responsibility (CSR) rating of 'A' (satisfactory) or higher. The constituent companies are spread across a broad range of industry sectors.

The index will be independently calculated by Standard & Poor's on a daily basis.

Chairman of RepuTex, Mr Graeme Lee said the RepuTex SRI Index would bring a number of benefits to the Australian business community and would accommodate both mainstream and socially responsible ethical investors.

"The Index will provide a benchmark against which SRI investors can measure their investment performance and provide a portfolio of companies from which SRI investments may be selected," Mr Lee said. Companies accepted onto the Index have been assessed and rated for their performance and risk exposures in corporate governance, environmental impact, social impact and workplace practices.

The RepuTex SRI Index is being launched at a time when SRI is becoming more prevalent in Australia with ethical/SRI funds growing from $14 billion in 2003 to $18.5 billion on 30 June 2004.

Companies leading the RepuTex SRI Index include: Westpac; BHP Billiton; Origin Energy; Telecom Corporation of New Zealand Limited; Insurance Australia Group; and National Aust Bank.

Related News

Now open: Premier's Sustainability Awards 2020

The awards recognise outstanding achievements by Victorians who are leading the way in...

Brand revamp for GBCA and Green Star 

A new brand has been revealed for the Green Building Council of Australia and Green Star.

Builders declare climate and biodiversity emergency

Australian builders are calling on construction industry professionals to take a stand on the...

  • All content Copyright © 2020 Westwick-Farrow Pty Ltd