DP World has topped in the S&P/Hawkamah Pan Arab ESG Index, a pan-Arab governance index for the second year.

The index is the first-ever of its kind in the Arab world and ranks the transparency and disclosure of regional listed companies based on environmental, social and corporate governance (ESG) metrics, said a statement.

Sultan Ahmed bin Sulayem, chairman of DP World, said: “We are delighted that DP World has won this accolade for the second successive year.

“Companies which score highly on this index are regarded as  sustainable and are so more attractive to long-term investors as it identifies  the best  governed and the more environmentally and socially responsible companies. To feature like this in an internationally renowned index demonstrates the reputation of the company.”
 
The participants are derived from the top 150 pan-Arab companies, by total market capitalisation, listed on stock markets of Bahrain, Egypt, Jordan, Lebanon, Kuwait, Morocco, Oman, Qatar, Saudi Arabic, Tunisia and the UAE, said the statement.

The index is reconstituted once a year in December and the names of the top 10 companies are announced, it said.

It gathers information in the public domain, mainly from annual report and accounts, to assess the leading company.

Each is analysed on nearly 200 issues including carbon emissions, water and energy consumption, employee health and safety, community investment, corporate governance, financial reporting, auditing, board independence and executive remuneration, with the top 50 best performing companies included. - TradeArabia News Service