S&P releases ESG index for Egypt

The S&P/EGX ESG index is designed to raise the profile of companies listed on the Egyptian exchange and is expected to boost the level and quality of disclosure on ESG issues for Egyptian investors. The benchmark includes 30 stocks drawn from the top 100 Egyptian companies by total market capitalisation, which have passed a two-stage, score-weighted screening process. S&P Indices managing director Robert Shakotko says: "By linking ESG to share price performance, the S&P/EGX ESG Index will enable investors to take a leading role in driving firms to enhance transparency and disclosure a...