POAL gains recognition corporate responsibility

POAL gains global recognition for corporate responsibility

Ports of Auckland’s efforts in the area of social and environmental responsibility have been rewarded by selection into the prestigious FTSE4Good.

The FTSE4Good is a series of financial indices comprised of companies that meet globally recognised corporate responsibility standards.

“Meeting the global corporate responsibility criteria for this prestigious stock index series is a welcome reward,” says Chief Executive Geoff Vazey.

“But more importantly, selection into the FTSE4Good demonstrates to our shareholders and other stakeholders our commitment to social and environmental responsibility.”

Group Manager Corporate Affairs Bronwen Jones added: “It is very gratifying that the depth and breadth of our sustainability reporting have been so quickly acknowledged in the global arena.

“Ports of Auckland joined the New Zealand Business Council for Sustainable Development only in the latter half of 2002. Although our annual reports have traditionally achieved a high level of disclosure, sustainability reporting was tackled in earnest for the first time in our latest annual report published just five months ago in September 2003.”

Investors around the world use the FTSE4Good as an asset allocation tool as its membership companies are seen to be reducing their non-financial risks. The indices were created by the London-based global index company FTSE Group.

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