Redefine Properties has been included on the JSE Socially Responsible Investment (SRI) Index for the first time. In doing so, Redefine has become one of only 76 South African companies on this index, which sets a benchmark for corporate sustainability management and disclosure.
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. Redefine will continue to strive for sustainability in all areas of our business.”
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.
Corli le Roux, Head of SRI Index and Sustainability at the JSE, says: “The JSE is very pleased with Redefine’s success in the 2012 SRI Index. The company 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 their continued progress on this journey.”
Redefine’s inclusion in the index also strengthens the real estate sector’s representation on the SRI Index, which is now nearly at 4%.
JSE-listed Redefine is a property loan stock company managing a diversified portfolio of property assets of over R39 billion. The company’s local investment assets comprise 253 properties valued at R21,1 billion and a R5,6 billion portfolio of strategic listed property securities. Redefine is internationally diversified through its direct interest in ASX-listed Cromwell Property Group and JSE-listed Redefine Properties International Limited, which has a 71,7% stake in LSE-listed subsidiary Redefine International PLC.
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