Ciputra Development (CTRA) is pleased to announce that the company is included as one of the constituents in the new IDX ESG Leaders Index launched by the Indonesia Stock Exchange. The new index is aimed to support sustainable investments and improve Environmental, Social, and Governance (ESG) practices in the Indonesian stock market. The inclusion is aligned with the company’s vision that aims to provide a better life for the community while bringing welfare and prosperity to the stakeholders.
According to the IDX announcement, the IDX ESG Leaders Index selects between 15 to 30 constituents based on the constituents of the IDX80 Index with the lowest ESG risk values and without any significant controversies. IDX has been working together with Sustainalytics to conduct the ESG assessments and controversy analysis. In terms of methodology, IDX uses capped free float adjusted market capitalization weighted average and ESG tilt factored. The first period will last between 14 December 2020 to 16 March 2021. For more information, please visit the IDX website https://www.idx.co.id/berita/press-release-detail/?emitenCode=1431.
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