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14 Sep

New World Development Selected as Constituent Stock of Hang Seng Corporate Sustainability Index

New World Development Company Limited (the “Group”; Stock Code: 17.HK) is included in the Hang Seng Corporate Sustainability Index (“HSSUS”) starting today. Integrating corporate sustainability approaches into both strategic planning and daily operations, the Group is one of the top 30 eligible companies in terms of corporate sustainability performance.

Dr Adrian Cheng, Executive Vice-chairman and Joint General Manager of New World Development Company Limited, said, “To achieve sustainable growth, we believe it is important to adopt corporate sustainability in our daily operations and strike a balance between profit, environmental protection and social responsibility. Being selected as a constituent stock of the HSSUS is a testament to our efforts in promoting and implementing corporate sustainability.”

The robust constituent selection process includes consideration of the results from a sustainability assessment undertaken by the Hong Kong Quality Assurance Agency, an independent and professional assessment body that uses its proprietary sustainability assessment and rating framework based on international standards. The top 30 companies that pass the eligibility screening with the highest sustainability performance score is selected as constituents of the HSSUS. The criteria for sustainability assessment include Environment, Community Involvement and Development, Labour Practices, Organisational Governance, to name but a few.

For further information, please download a copy of the Group’s Corporate Sustainability Report from sr.nwd.com.hk.

 

New World Development Company Limited

Founded in 1970, New World Development Company Limited (“New World Group”, Stock Code: 17.HK) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A diversified holding company with a focus on property development, New World Group’s core business areas include property development, infrastructure and service, department stores and hotels. As at 31 December 2014, the total asset value of the Group amounted to HK$378.5 billion.

As at 31 December 2014, the Group has an effective interest of approximately 61.3% in NWS Holdings Limited (Stock Code: 659.HK), approximately 69.7% in New World China Land Limited (Stock Code: 917.HK) and approximately 72.3% in New World Department Store China Limited (Stock Code: 825.HK).