Being Green

Sep 1, 2005

Ricardo Pinto Nogueira, executive operations superintendent at the São Paulo Stock Exchange (Bovespa), explains the launch of a new corporate sustainability stock index.

What is the corporate sustainability index?The Bovespa's Corporate Sustainability Index (ISE) will be the first stock index in Latin America designed to measure the return on a portfolio of companies that are highly committed to sustainability. That is, the economic, social and environmental sustainability of the company, or what is known as the "triple bottom line." The ISE will also consider companies' corporate governance standards. The ISE is similar to the Dow Jones Sustainability Indexes, launched in 1999. What is driving interest in sustainable investing in Brazil?Brazilian companies are exporting more to different markets than they were five years ago, and they are more exposed to the laws of these different markets. For example, exporters in the furniture and paper and pulp industries are under pressure to subscribe to...

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