Embraer nominated for Dow Jones Sustainability Index World
By Our Corporate Bureau | 29 Sep 2003
Mumbai: Embraer (www.embraer.com) was nominated for the Dow Jones Sustainability Index (DJSI World) for the third consecutive year. Selection is made among the 2,500 largest companies included in the Dow Jones Global Index, sifting the 317 best performers in social, environmental and economic aspects. "This is motive of great honour and pride to Embraer," says Antonio Luiz Pizarro Manso, executive vice-president corporate and CFO, Embraer. "To be part of the DJSI World means the company''s corporate sustainability policy is recognised as capable of creating shareholder value at medium and long term, having demonstrated its ability to manage risks related to social, environmental and economic factors."
Besides Embraer, only three other Brazilian companies are appointed to the DJSI. In the aerospace sector, Embraer ranks second among the four companies appointed.
Created in 1999, the Index includes companies from 60 industries and 22 different countries. Only 10 per cent of the best performers in each industry are listed. The total market value of the companies listed exceeds $5 trillion. The index takes into account not only the company''s financial and social performances, but also the quality of its management.
For these reasons, DJSI World is an important reference for financial portfolio managers. Foreign capital managers rely more and more on the DJSI index to make investment decisions, directing their investments to companies which are committed to social, environmental and cultural development, in addition to sheer financial performance.
