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two SRI indexes for Australia

March 2005

Australian investors will soon have two options for selecting CSR performers. Australia’s first SRI index is being established by RepuTex, the social responsibility ratings agency, to track the share prices of the country’s most socially responsible companies.

Graham Lee, the RepuTex chairman, said: ‘Many of the companies already rated by RepuTex at an A or above level will be automatically included. Based on current ratings, there are about 32 companies that may qualify automatically. The establishment of the SRI index will enhance the socially responsible and ethical investment markets in Australia.’

RepuTex rates 120 Australian and New Zealand business enterprises and will undertake ratings of other companies on the Australian stock exchange. The index will be governed by a committee with appropriate stakeholder representation.

At the same time, Sustainable Asset Management, the Dow Jones Sustainability Index research partner, has set up AuSSI – the Australian SAM Sustainability Index. This unit will track the performance of Australian companies that lead their industry in economic, environmental and social criteria. It will apply the standards that it uses for the Dow Jones indexes.

These standards cover corporate governance, eco-efficiency, people management and stakeholder relations. For example, the researchers will look at water use in food companies and action to cut greenhouse gas emissions in the oil and automotive sectors.


Further Information
http://www.reputex.com.au
http://www.sam-group.com
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