Recently, Hang Seng Indexes Company Limited released the annual re-assessment result of Hang Seng Corporate Sustainability Index Series. Owing to the outstanding performance in corporate sustainability, Bank of China (BOC) is selected for the 3rd consecutive year into all indexes that the series comprises.
First release in July 2010, Hang Seng Corporate Sustainability Index Series is the first sustainability index series that covers listed companies both in Hong Kong and on the Mainland, aiming to provide benchmarks for index funds that adopt a corporate sustainability theme. It composes of five indexes, namely: Hang Seng Corporate Sustainability Benckmark Index, Hang Seng (A Shares) Corporate Sustainability Benckmark Index, Hang Seng Corporate Sustainability Index, Hang Seng (A Shares) Corporate Sustainability Index, and Hang Seng (Mainland and HK) Corporate Sustainability Index.
Hang Seng Corporate Sustainability Index Series have rigorous selection procedure for constituents. A preliminary screening is first conducted by Hang Seng Indexes Company Limited among the listed companies according to the market capitalization, turnover and listing history, and then the corporate sustainability performance of each eligible company will be measured against such core factors as follows: environmental impact, social impact, corporate governance and workplace practices. The result that Bank of China remains to be the constituent of the Index Series for three years running manifests that the corporate sustainability performance of BOC is fully recognized by the capital market.
Besides, BOC is also a constituent of many other major indexes of Hang Seng Indexes Company Limited, including Hang Seng Index, Hang Seng China H Shares Financials Index, Hang Seng Chinese Enterprises Index and Hang Seng A Shares Industry Top Index. This represents the recognition of BOC’s market influence in the capital market.
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