Driven by a firm commitment to continuously strengthen its environmental, social and governance (ESG) management and strategy, Keppel Corporation’s sustainability efforts have gained momentum, affirmed by inclusion on several global sustainability benchmarks in recent months.
Keppel Corporation has been included on the latest Euronext Vigeo World 120 index released 28 November 2014. The company has been listed among the top 120 companies in Europe, North America and Asia Pacific for control of corporate responsibility risk and contribution to sustainable development.
In September 2014, Keppel Corporation was the only industrial conglomerate and one of four Singapore companies to be listed as an index component of the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific) 2013/14. This is the second consecutive year Keppel Corporation has been listed on the index, which tracks the performance of the top 20% of the largest Asia Pacific companies that lead the field in terms of sustainability.
Keppel Corporation is also a constituent of the MSCI Global Sustainability Index, which comprises companies with high ESG ratings relative to their sector peers. The MSCI ESG indices are used by the global investment community as a benchmark of the strength of a company’s sustainability profile.
“We are pleased to be included on these sustainability indices alongside established global companies leading the field in terms of sustainability. It affirms and encourages the commitment and efforts of our staff to uphold the highest quality, environmental, social, ethical and governance standards.
“For us, sustainability is a journey and we recognise that there are always opportunities to improve. With operations in over 30 countries worldwide, Keppel is committed to be a responsible corporate citizen that positively impacts the communities where we operate,” said Mr Loh Chin Hua, CEO of Keppel Corporation and Chairperson of Keppel’s Group Sustainability Steering Committee.
This is the second time that Keppel Corporation has been included on the Euronext Vigeo World 120 index, which is developed by Euronext, the primary exchange in the Euro zone, and Vigeo, a leading European expert in responsible performance. The index component companies were selected from over 2,500 companies with the largest market capitalisations across 39 sectors globally.
Keppel Corporation was comprehensively assessed by Vigeo across six key domains of responsible performance: environment, business behavior, human rights, governance, human resources and community involvement. To ensure accuracy and relevance, Vigeo reviews and updates the index twice a year.
To communicate its sustainability strategy, practices and performance, Keppel Corporation produces an annual Sustainability Report in accordance with Global Reporting Initiative guidelines and Singapore Exchange’s Guide to Sustainability Reporting for Listed Companies.