Cairo – Mubasher: EFG Hermes was selected as one of six MENA constituents in the FTSE4GOOD Emerging Index, according to a press release on Monday.

The index was launched by FTSE Russel in December 2016 to measure and recognize the performance emerging market companies, in more than 20 countries, the press release revealed.

The index includes over 300 indicators and criteria across 14 themes, including climate change, water usage, human rights & community, labor standards, health & safety as well as governance.

“To ensure that the creation of shareholder value does not come at the expense of the societies, the environment, or the economies of the countries in which we operate, we decided to add Public Responsibility as one of the six pillars of our business strategy against which we benchmark our performance,” said EFG Hermes CEO, Karim Awad.

The stock quote decreased 1.5% to EGP 25.80 by 11:24am CLT on Monday.