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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

LW Bogdanka ranked on the Respect Index for the tenth time

Thursday, 2018-12-13

The Warsaw Stock Exchange has once again nominated new laureates of the prestigious RESPECT Index. For Lubelski Węgiel Bogdanka S.A., it was already the tenth time on the index.The total number of issuers included in the index was 31. Publication of the new index will begin on 27 December 2018.

For the tenth time we were recognised by being included in the elite of the most responsible companies by institutions related to the capital market. This confirms that our efforts bring the effects we have set out originally. In accordance with our strategy, we try our best to proceed in line with our standards both in terms of communication with investors, as well as in social, workforce, environmental and business terms. This recognition is a summary of our efforts to date and a motivation for future activities,- said Artur Wasil, President of the Management Board of LW Bogdanka S.A.

RESPECT Index is an index of responsible companies, the first such ranking in the CEE region. The project was implemented by the Warsaw Stock Exchange in Warsaw in 2009, when the first composition of the Index was announced. Respect Index’s portfolio includes Polish and foreign companies from the Main Market of the WSE. Only companies that have the highest liquidity, meaning ones that are already included in the WIG20, mWIG40 or sWIG80 index, may aspire to be included in the index. It lists companies which undergo a three-step verification by the WSE and the Polish Association of Listed Companies, and engage in irreproachable communication with the market through current and interim reports, as well as their own internet sites. The third prerequisite is a responsible social behavior towards the environment, society and employees, which is analysed on the basis of a questionnaire verified by the auditor of the project. In accordance with the present formula, evaluation of companies and revision of the Index’s composition take place once a year, in its second half. The inclusion of companies in the index is determined by the same rules as in other market indexes – free-floating shares are considered, whereby the numbers of the largest companies are limited to 25% when the number of participants is less than 20 companies, or to 10% in all other cases.

fot. GPW S.A.

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