GAIL (India) Limited Group Included In the “FTSE4GOOD Emerging Index”
Reinforces GAIL as Sustainability leader among selected Oil & Gas Sector companies of Emerging Markets
GAIL’s Sustainability Leadership position strengthened among Public Sector Undertakings (PSUs) in India
New Delhi, September 5th, 2017: GAIL, India’s number 1 Natural Gas Company, has been selected as an index constituent of the FTSE4Good Emerging Index. GAIL’s selection into FTSE4Good reflects leadership in environmental, social and governance (ESG) performance in Oil & Gas Sector.
FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist know ledge gained from developing local benchmarks around the world. Approximately $12.5 trillion is currently benchmarked to FTSE Russell indexes.
Letter from FTSE Russell to GAIL mentioned “Congratulations on your company’s inclusion in FTSE4Good Index; this is a significant achievement”
GAIL’s inclusion is based on the review of ESG related GAIL (India) Limited publishes such as Sustainability Report which is published every year. GAIL’s Sustainability Report are based on the widely used GRI G4 Sustainability Reporting guidelines. GAIL also publishes Business Responsibility Report as part of Annual Report every year. Further, from time to time GAIL constantly expands the disclosures it makes and the information it reports with a view to provide the most comprehensive account of its business practices to all stakeholders.
Picture – Middle – On occasion of Review during Monthly Sustainability at Day, Dr. Ashutosh Karnatak, Director (Projects), GAIL unveiled certificate received by GAIL from FTSE Russell.
On being included in the global ESG Index, Dr. Ashutosh Karnatak, Director (Projects), GAIL (India) Limited said, “GAIL’s inclusion reflect commitment towards Sustainability & Climate Change. This has been made possible by efforts of each and every employee of GAIL”
Speaking on the occasion, Shri Santanu Roy, Executive Director (Sustainable Development) said “Inclusion in the FTSE4Good Index is a significant global milestone GAIL’s Sustainability Journey which recognises GAIL’s efforts in mainstreaming sustainability into business practices”
The FTSE4Good Index Series is the pioneering global responsible investment index, designed to identify companies that demonstrate strong Environmental, Social & Governance (ESG) practices measured against international standards such as UN Sustainable Development Goals. The FTSE4Good Emerging Index, comprises companies from more than 20 emerging economies.
The FTSE4Good Emerging Index comprises of companies selected through an assessment on 300+ Sustainability data indicators of Environmental, Social & Governance (ESG) category.
For more information, visit http://www.ftse.com/products/indices/FTSE4Good