Ethical Performance
inside intelligence for responsible business


Australia's first national SRI index opens for business

September 2005

The rating agency RepuTex has started its RepuTex SRI Index, Australia's first SRI barometer. The index measures the share market performance of a portfolio of public companies on the Australian stock exchange that show a minimum level of socially responsible conduct and social risk management.

The index opened in August consisting of 44 companies with a combined market capitalization of A$427billion ($320bn, £179bn). The companies are drawn from nine economic sectors and 14 industry groups.

Graham Lee, the RepuTex chairman, said: 'It is believed that the RepuTex SRI Index will encourage a greater investment flow to companies demonstrating higher levels of socially responsible performance and the capacity to manage social and reputation risk. 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.'

At the same time RepuTex introduced RepuTex On Line, an interactive CSR information and research service for the financial industry. It offers research on 400 companies, including those in the new index.

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