News
EGID - 23 March 2010
EGID and Standard & Poor’s has made an agreement to launch a new index on the Egyptian Stock Exchange
EGID and Standard & Poor’s has made an agreement to launch a new index on the Egyptian Stock Exchange that tracks Egyptian companies’ performance on environmental, social and corporate governance (ESG) issue.
The new index is called S&P/EGX ESG Index and includes 30 stocks. The launch took place on the 23rd of March 2010 during the annual conference of The Egyptian Corporate Responsibility Center (ECRC)
This launch is expected to raise the level of investors’ disclosure on ESG issues in Egypt. It is worth mentioning that this is the first index of its kind in the Middle East and the second world wide since the Stock Exchange of India was the first one to include this type of index.
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