KARACHI: The National Bank of Pakistan (NBP), following its successful assessment by the FTSE International Organisation, has been included as a constituent of the Financial Times Stock Exchange4Good (FTSE4Good) Index Series, which assesses listed companies in terms of their environmental and social performance.
A statement here on Monday said that the inclusion of the NBP in the FTSE4Good international index demonstrates that the bank, along with its business activity, is also highly aware of environmental and social issues.
At the same time, its inclusion in the FTSE4Good Index strongly motivates the bank to strengthen its presence in the field of Corporate Responsibility across Pakistan. FTSE Russell, global index provider, confirmed that the NBP has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series.
Speaking on the occasion, NBP President and CEO Saeed Ahmad said: “After years of commitment to enhancing management and social responsibility, we are proud that our sustainable banking efforts have been rewarded with a position in the FTSE4Good Index Series.
“This recognition reflects the work carried out over the past few years to make NBP one of the best and most responsibly managed companies. Joining the index is recognition of our work and helps us to continue down this path we have begun.
“As a new entrant to the index, we landed as one of the best banks in the banking industry, which includes over 130 banks worldwide.”
Created by the FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company), the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.