Brazil Stars Index: In good company
Strong management practices pay off: the M&E LatinFinance Brazil Stars Index outperforms the IBovespa by 53.6%
By Katie Llanos-Small
The 2013 M&E LatinFinance Brazil Stars Index has vastly
outperformed the country’s other sustainability
indices over the past three years. The index, which picks and
weights companies by the strength of their management
practices, returned 42.62% in the three years to December 28,
2012 – outperforming the Ibovespa, the benchmark index
of the São Paulo Stock Exchange, by 53.6%, and ISE,
Brazil’s main corporate sustainability index, by
19.31%. The Brazil Stars Index comprises the 16 best-run
Brazilian companies, weighted according to how sustainably they
are run, in terms of management, performance and risks. The
index takes into account several factors to weight
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