RESPECT Index

November 19th 2009 marked the day when Polskie Górnictwo Naftowe i Gazownictwo S.A. ("PGNiG") joined the élite group of companies listed in the RESPECT Index of the Warsaw Stock Exchange, which includes issuers recognised for their corporate social responsibility efforts. PGNiG is listed in the Respect Index for nine editions.

The RESPECT Index (RI) is intended to promote responsible management of publicly-owned companies in the context of sustainable growth, information order and communication on the financial markets. The classification of companies was based on the results of a special survey. The invitation to complete the survey was sent to 377 companies, of which 119 were shortlisted for final assessment. Based on the completed questionnaires, the respondents were assigned scores, which provided the basis for dividing them into ten rating classes - from RESPECT AAA (the highest class, for scores of 95% and more) to RESPECT D (the lowest class, for scores of less than 45%).

Based on the number of scores obtained, PGNiG - together with 15 other names - was assigned the highest rating (A). The idea to establish Poland's first stock index of socially responsible companies was conceived at the beginning of 2009, and the official debut of the new index on the Warsaw Stock Exchange took place today on November 19th 2009. The questionnaire based on which the companies were ranked into the different classes was designed around the guidelines of the Global Reporting Initiative (GRI), which factor in the quality of management, ability to meet liabilities, treatment of employees and customers, initiatives in the area of environmental protection, outreach initiatives and CSR policies.