Massmart once again recognised as “best performer” in SRI index
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Massmart has, for the second year running, been recognised as a best performer in the medium environmental impact category of the JSE’s 2008 Socially Responsible Investment (SRI) Index. The Index measures the performance of companies in terms of a comprehensive set of socially responsible dimensions that include economic, environmental, Occupational Health and Safety (OHS) social and corporate governance practices.
Massmart has been a constituent of the Index since its inception in 2004. The Group also achieved best performer status in 2007, the year in which the JSE initiated a process to recognize the best performing companies in the Index.
Grant Pattison, CEO of Massmart Holdings, said “Massmart regards its performance in the SRI Index as a key indicator of the Group’s overall progress in the area of sustainable development and we are delighted to be recognised as a best performer.”
The 2008 SRI-Index review included an automatic assessment of 105 companies, the JSE’s Top 100 companies by market cap and 2007 SRI index constituents. A total of 61 companies ultimately qualified for inclusion in the 2008 SRI-Index.