Massmart achieves best performer status in latest JSE SRI Index
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Massmart has been recognised as one of the best performers in the medium environmental impact category of the JSE’s 2011 Socially Responsible Investment (SRI) Index, the results of
which were announced yesterday (7 December 2011). According to the results, the group’s environmental and climate change practices were recognised as constituting best practice.
Massmart has been a constituent of the SRI index since its inception in 2004. This year’s index, which measures organisational performance through a set of socially responsible dimensions that include sustainability, environmental, social and governance practices, saw Massmart achieve full marks in the governance and related sustainability concerns dimension, meeting all 32 core indicators as well as all 33 desirable indicators. It also met 92 out of 98 criteria on the social dimension.
Commenting on the group’s performance, Massmart CEO Grant Pattison said:”During the past six years Massmart has prioritised accountable business practices as a key focus area, as demonstrated by our industry leadership in BBBEE. We are proud of our progress across the various dimensions and look forward to making an even greater contribution towards environmental sustainability, harnessing Walmart’s global leadership in this critical area.”
Massmart achieved best performer status in the SRI in 2007 and 2008.