Cemex to be included in the UN Compact Stock Index

Cemex has reported that it is to be a member of the UN Global Compact (GC) 100, a global stock index that combines baseline financial performance and corporate sustainability. Cemex has been a signatory member of the UN Global Comapct since 2004, and is the only Mexican company included in the GC 100.

The GC 100 was developed by the UN Global Compact in partnership with Sustainalytics and is composed of companies selected based on their adherence to Global Compact’s principles, as well as evidence of consistent baseline profit and executive leadership commitment.

During the past 12 months, the GC 100 shows a total investment return of 26.4%, overtaking the general global stock market. The GC 100 tracked the stock market performance of these companies during the past three years, comparing the results against the FTSE All World:

• GC 100 increased by 26.4% during the past year; FTSE All World rose by 22.1%.
• GC 100 increased by 19% during the past two years; FTSE All World rose by 17.7%.
• GC 100 increased by 12% during the past three years; FTSE All World rose by 12%.

“While the performance of the GC 100 should not be seen as clear evidence of a casual relationship between a commitment to corporate sustainability practices and stock performance, there appears to be an exciting correlation,” said George Kell, Executive Director of the UN Global Compact. “Sustainability performance should not be looked at in isolation so we included a requirement of basic financial good health. Both factors are often taken as proxies for the quality of management, which can be an important determinant of investment returns.”

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldcement.com/the-americas/12112013/cemex_to_be_included_in_the_un_compact_stock_index_403/