Mexican stock exchange launches sustainable IPC
The Bolsa Mexicana de Valores decided to create an index of sustainability,companies listed on the stock exchange,
similar to those already existing in the markets of New York,London and Madrid
Mexico is positioned within the global trends in Field of Sustainability.
The index includes sustainable company, listed in the Mexican Stock and with a minimum float of 30%.
Representing a new option for Local Investment and foreign interest in sustainability.
Mexico City, December 8, 2011 - The international trend and the current environment, demand new initiatives to encourage greater social responsibility on the part of firms and markets. The Sustainability Indexes allow monitoring the performance of companies on issues of environmental stewardship, social responsibility and corporate governance.
In this context, the “Bolsa Mexicana de Valores” decided to create an index of sustainability,companies listed on the stock exchange, similar to those already existing in the markets of New York,London and Madrid, and in some emerging markets, such as Sao Paulo andJohannesburg.
The selection of stations in the Index were independently the two rating agencies specializing in corporate responsibility, a foreigner, EIRIS Empowerment Responsible Investment, and another Mexican, Universidad Anahuac del Sur. The companies to which raters awarded the Seal of Sustainable Enterprise, obtained a score above the average grade of 3.000 global broadcasters themselves have qualified.
The Mexican Stock Exchange was neutral in the selection process.
BMV recognizes the interest and commitment of the companies that were subject to the procedure independent rating, which was based on international standards defined by the World Covenant of United Nations, the Organization for Economic Cooperation and Development, the World Bank and ISO 14.000 / Clean Industry.
In qualifying, was 50% at the environmental, 40% to social responsibility and 10% corporate governance, and that all companies listed on the stock meets the requirements of corporate governance set out in the Securities Market Act.
After months of study and analysis by the qualifiers, the Mexican Stock Exchange announces today the launch of the Sustainable IPC.
From the list of qualified firms positively by EIRIS and the Universidad Anahuac del Sur, stock series were selected that have a minimum float of 30% and / or whose float market capitalization at the time of selection has been more than 10 000 million pesos (MMDP).
