Thursday, 7 November 2013
Nestle M’sia included in DJSI emerging markets index
Posted on October 31, 2013, Thursday
KUALA LUMPUR: Nestlé Malaysia has been included in the 2013 Dow Jones Sustainability Emerging Markets Index (DJSI Emerging Markets), for its commitment to transparency and sustainability practices.
Nestlé Malaysia managing director and region head for Malaysia/Singapore, Alois Hofbauer, said the company’s inclusion in the index is testimony to its continuous efforts to be more transparent and sustainable, and demonstrates to Nestle’s stakeholders that it is moving in the right direction.
“In 2013, Nestlé Malaysia ranked higher than the industry average in four specific areas including Codes of Conduct/Compliance/Corruption and Bribery; Environmental Policy/Management System; Environmental Reporting, Genetically Modified Organisms; and Human Capital Development, Social Reporting.
“More importantly, the index provides us with a perspective on where we stand in terms of transparency and sustainability with respect to international benchmarks, and provides us with insights in the areas that we need to further improve,” Hofbauer added.
The DJSI Emerging Markets is designed for investors seeking an emerging-markets index that exhibits a sustainable tilt while minimising country, industry and size biases relative to traditional emerging-markets benchmarks.
A total of 81 companies participated in the index, which was first calculated in February 2013 by investment specialsit RobecoSam and covers the top 10 per cent of the largest 800 companies in 20 emerging markets, with Nestlé Malaysia being one of only five Malaysian companies qualified to be included.
It is also the only Malaysian representative among three companies globally in the Food Products category. — Bernama
Read more: http://www.theborneopost.com/2013/10/31/nestle-msia-included-in-djsi-emerging-markets-index/#ixzz2jy91Vjsc