Indian IT mjaor Wipro has been selected as a member of the global Dow Jones Sustainability World Index (DJSI) – 2017 for the eighth year in succession. Wipro has also been included in the FTSE4Good Index, another pioneering global responsible investment index, designed to identify companies that demonstrate strong Environmental, Social and Governance (ESG) practices measured against international standards, said a statement.
Wipro said, inclusion in DJSI (World) index is based on a rigorous analysis of a company’s performance on 21 primary criteria and more than 120 secondary criteria across Economic, Environmental and Social dimensions. A total of 2086 companies were assessed from around the world of which 320 companies have been chosen as the DJSI (World) constituents for the year 2017-18. “Being a part of indices like S&P-DJSI and FTSE4Good Index is a testament of high standards of corporate governance, risk management, stakeholder orientation and ethics,” said IT firm.
“It is an honour to be recognized by global indices such as S&P DJSI (World) and FTSE4Good Index. At Wipro, our deep commitment to sustainability stems from the Spirit of Wipro, our values. We see recognitions like these as affirmations of our core values and commitment. It also motivates us constantly to self-reflect, keep improving and progressing further, stated Abidali Z Neemuchwala, Chief Executive Officer and Executive Director, Wipro.
ESG indices provide a robust decision framework for responsible investors to allocate funds and investments. It helps companies to generate superior long-term shareholder value by formally recognising them for sustainable practices.