Shares and Debt
Sul América S.A. is the first insurance company to be included in the
Corporate Sustainability Index of BM&FBovespa
São Paulo, November 25, 2009 - Sul América S.A. (BM&FBovespa SULA11) will be part of BM&FBovespa’s Corporate Sustainability Index (ISE) starting from December. The new portfolio was announced by the stock exchange today and SulAmérica is the first insurance company to be included in the index. The portfolio has a total of 43 shares issued by 34 companies from 15 sectors with market cap totaling R$ 730 billion. Eight new companies have been included in the latest portfolio review, adding to the 26 companies that already make up the index.
According to the Corporate Vice President and Investor Relations, Arthur Farme d’Amoed Neto, “This is a very important recognition for SulAmérica and reflects the importance the company has been giving this issue in recent years, both in its strategic priorities and in operations”. He also highlighted out the fact that SulAmérica had entered the stock market a little more than two years ago and has already been included in one of its most important indices. “This makes us even more motivated and shows that our initiatives as part of the sustainability plan were highly coherent”, he adds.
The incentive to use water-based paints in accidented vehicles being repaired by SulAmérica’s Automotive Centers, thereby reducing environmental impacts, and being the pioneer in adopting digital certification in its relations with medical service providers, thereby reducing the traffic of printed documents and helping to reduce several tonnes of paper per year, are a few aspects that demonstrated SulAmérica’s commitment to sustainability. And to give further impetus to the initiatives in this area, the Company recently created a department to coordinate all such efforts at the top echelons.
ISE was created in December 2005 based on the international Triple Bottom Line (TBL) concept, which evaluates the environmental, social, economic and financial components in an integrated manner. Three more facets were added to TBL, namely, corporate governance, general characteristics and nature of the product. The shares making up the ISE are selected from among the 150 most traded on the stock market in terms of liquidity and are weighted in the portfolio by the market value of the shares available for trading. The Index methodology was developed by the Center for Sustainability Studies (Gvces) at the São Paulo Business Administration School of the Getúlio Vargas Foundation (FGV-EAESP) with the financial support of the International Finance Corporation (IFC).
Last updated on 11/25/2009