GES Newsletter
October 17, 2014

Earlier this week, GES in cooperation with partners finalised the third edition of the project “ESG analysis of Polish listed companies”, aimed to raise awareness about ESG issues in the Polish market. In the study, almost 900 companies have been assessed according to the GES Risk Rating methodology. The results show that Polish companies generally report well on governance issues, while they lag behind in environmental and social areas.

The final report Non-financial reporting and responsible investing. Guide for companies and investorswas presented by GES, the Polish Association of Listed Companies and consulting company Crido Taxand at the conference held on October 14 at the Polish Stock Exchange in Warsaw. The event coincided with Poland’s recent adoption of the EU directive on the non-financial data disclosure and the country has now two years to implement obligatory provisions for environmental, social, anti-corruption, labour and human rights reporting.

“The GES Risk Rating methodology is based on similar reporting requirements to those presented in the directive. Participation in the project is therefore a chance for Polish companies to better prepare for the upcoming regulation. GES provides an interactive platform through which they can verify their rating by asking questions about the analysis, commenting on the results, and reviewing general and industry benchmarks. Although this edition of the project has now been finalised, companies still have the possibility to log in and verify their results”, said Martin Pitura, Managing Director of GES in Poland.

Polish companies should also look at wider trends in responsible investments. The recently published Eurosif’s European SRI Study 2014 shows that the value of managed assets taking into account non-financial data has increased more than 30 per cent on average over two years. At the same time, the value of all professionally managed assets in Europe grew at a slower rate, 10 per cent on average, which indicates an increasing interest in SRI. According to Eurosif, EUR 5.23 trillion of investments in Europe are guided by ESG integration.

Honorary patronage over the project has been assumed by the Ministry of Treasury, the Ministry of Finance, the Financial Supervision Commission and the Association of Individual Investors.

For further information, please contact:
Martin Pitura, Managing Director, GES Poland, and CFO, GES International