Outokumpu maintained its membership in Dow Jones STOXX and World Sustainability indexes
September 4, 2008 at 4.00 p.m.
Sustainable Asset Management (SAM), Dow Jones Indexes and STOXX Ltd informed today the results of the 2008 annual review for the Dow Jones Sustainability and Dow Jones STOXX Sustainability indexes. Outokumpu maintains its membership in the pan-European Dow Jones STOXX Sustainability index and in the Dow Jones Sustainability World index.
The Dow Jones Sustainability indexes follow a best-in-class approach and include sustainability leaders from each industry on a global and regional level respectively. The number of components in the pan-European Dow Jones STOXX Sustainability index will increase to 162 companies and the Dow Jones Sustainability World index (DJSI World) to 320 companies. The annual review of the DJSI family is based on a thorough analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices. It accounts for general as well as industry specific sustainability criteria. In the 2008 assessment, the weighting of industry-specific criteria was increased to 57%.
"We are committed to act responsibly and aim to continuously improve our performance in all areas of responsibility - environmental, economic and social. I'm pleased to receive again recognition for our efforts in this area. We consider membership in Dow Jones Sustainability indexes important," says Outokumpu's CEO Juha Rantanen.
Currently, asset managers in 16 countries have licensed the indexes to manage a variety of sustainability-driven portfolios. Total assets under management in DJSI-based investment vehicles now stand at close to 6 billion US dollars.
For further information, please contact:
Liisa Jalanko, Vice President - Corporate responsibility
Tel +358 9 4213265, mobile +358 400 446663