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Media | News
11.26.09 - Fibria is selected for the Bovespa Corporate Sustainability Index
Fibria has been chosen for the list of companies comprising the Bovespa Corporate Sustainability Index (ISE). This indicator brings together companies whose shares are listed at the São Paulo Stock Exchange and that demonstrate a high level of commitment to best practices in the areas of sustainability and corporate governance.
This selection process is carried out in partnership with the Center for Sustainability Studies (GVCes), part of the Getúlio Vargas Foundation’s School of Business Administration in São Paulo (FGV-EAESP). The assessment is based on achieving a balance between economic growth, social responsibility and environmental performance.
This sixth edition of the ISE portfolio will be valid until November 30, 2010 and contains 34 listed companies, four more than the previous one. The participants were chosen from amongst the companies with the shares that are most heavily traded at the BM&FBovespa. A total of 51 companies responded to the GVCes questionnaire.
In addition to inclusion in the ISE BOVESPA portfolio, Fibria has also recently been selected for the 2009/2010 edition of the New York Stock Exchange’s Dow Jones Global Sustainability Index (DJSI World), which highlights the companies worldwide with the best corporate sustainability practices. This recognition reinforces the company’s commitment to creating economic value in tandem with responsible performance in the socio-environmental sphere.
