About Us - Press Release - CEMEX included in UN Global Compact stock index
November 11, 2013
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it has been selected for inclusion in the United Nations Global Compact 100– a new global stock index that combines corporate sustainability and baseline financial performance.
“We are pleased that our sustainability policies and activities have been recognized in this way,” Lorenzo H. Zambrano, CEMEX’s Chairman and CEO. “For many years corporations and investors have been looking for the positive link between responsible business practices and stock-market returns, and the Global Compact 100 appears to provide just that.”
Developed and released by the UN Global Compact in partnership with research firm Sustainalytics, the GC 100 is composed of the representative group of Global Compact companies selected based on their adherence to the Global Compact’s ten principles as well as evidence of executive leadership commitment and consistent baseline profitability.
CEMEX is a signatory member of the UN Global Compact since 2004 and it´s the only Mexican based company included in the GC 100.
As communicated by the UN Global Compact, during the past 12 months the “GC 100” shows a total investment return of 26.4 percent, surpassing the general global stock market.
The GC 100 tracked the stock market performance of these companies during the past three years, comparing the results against a broad market benchmark, the FTSE® All World. The data for total returns is as follows:
- GC 100 rose 26.4% during past 1 year; FTSE® All World rose 22.1%
- GC 100 rose 19.0% during past 2 years; FTSE® All World rose 17.7%
- GC 100 rose 12.0% during past 3 years; FTSE® All World rose 12.0%
“While the performance of the GC 100 should not be seen as clear evidence of a causal relationship between a commitment to corporate sustainability practices and stock performance, there appears to be an exciting correlation,” said George Kell, Executive Director of the UN Global Compact. “Moreover, the results may also reflect the fact that sustainability performance is a factor that is receiving increasing interest from investors.”
The GC 100 marries corporate performance on environmental and social issues with a requirement of basic profitability. Kell added, “Sustainability performance should not be looked at in isolation so we included a requirement of basic financial good health. Both factors are often taken as proxies for the quality of management, which can be an important determinant of investment returns.”
For more information on the UN Global Compact 100 stock index, including the list of constituent companies, please see: http://unglobalcompact.org/news/421-09-18-2013
CEMEX is a global building materials company that provides high-quality products and reliable services to customers and communities in more than 50 countries. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.
This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of CEMEX to be materially different from those expressed or implied in this release. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. CEMEX assumes no obligation to update or correct the information contained in this press release. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release. This release does not constitute an offer to purchase any securities of CEMEX in any transaction.
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