New entrant on JSE Socially Responsible Investment Index

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Danette Breitenbach

The JSE Socially Responsible Investment (SRI) Index, which sets a benchmark for corporate sustainability management and disclosure, has included Redefine Properties, making it one of only 76 South African companies on this index.

Andrew Konig, financial director of Redefine Properties says, "We are pleased to be counted among the most sustainable companies in South Africa. Many local and global investors see sustainability as a necessary investment prerequisite and the company will continue to strive for sustainability in all areas of our business."

Corli le Roux, head of SRI Index and Sustainability at the JSE, says, "The JSE is very pleased with the company's success in the 2012 SRI Index. It demonstrated its commitment to the process from early in the year, and we are delighted that its efforts have resulted in inclusion, particularly given the interest of responsible investors in the property sector. We look forward to being part of its continued progress on this journey."

Its inclusion in the index also strengthens the real estate sector's representation on the SRI Index, which is now at nearly 4%.

The SRI Index identifies JSE-listed companies that integrate the principles of triple bottom line and good governance into their business. Besides developing responsible business practice in South Africa and beyond, the index also promotes responsible investment. The four areas considered for SRI Index inclusion are environment, society, governance and related sustainability concerns and climate change.