“Warsaw Stock Exchange launches new blue chip ESG index; NN IP launches related passive fund” – Investment Europe – August 13, 2019

On August 13, 2019 Investment Europe reported that the “Warsaw Stock Exchange (GPW) is planning to launch a new ESG index by 3 September, reflecting what it says is growing demand for a solution that can identify relevant stocks in its existing WIG20 and WIG40 blue chip indices.

The WIG-ESG will adjust constituents according to ESG ratings and an assessment of compliance with principles set out in the Best Practice for GPW Listed Companies 2016 document. Sustainalytics will provide the ESG Risk Ratings.

Izabela Olszewska, member of the GPW Management Board, said: ‘In view of the dynamically growing market for responsible investing, we have decided to launch a new index, WIG-ESG.’

Robert Bohynik, NN Investment Partners TFI Board member and investment director, said: ‘NN Investment Partners TFI integrated ESG aspects (environment, society, governance) in our investment process as early as 2016. We now include ESG criteria in the management of all funds we offer. To launch a Polish passive fund tracking an exchange index comprising companies which follow high standards of corporate governance, mitigate their environmental impact and are socially responsible, we first had to develop such an index. We considered several partners, including foreign entities, and selected the Warsaw Stock Exchange, which is a competent and flexible partner.’”

You may read the article on the Investment Europe internet site.