Redefine Debuts On the Jse Sri Index

EmailEmail Print Share
News24 marketing banner

13 Dec 2012

Redefine Properties has been included on the Johannesburg Stock Exchange (JSE) Socially Responsible Investment (SRI) Index for the first time.

Redefine Properties has been included on the Johannesburg Stock Exchange (JSE) Socially Responsible Investment (SRI) Index for the first time.

In doing so, Redefine has become one of only 76 South African companies on this index, which sets a benchmark for corporate sustainability management and disclosure.

Andrew Konig, financial director of Redefine Properties says they are pleased to be counted among the most sustainable companies in South Africa.

“Many local and global investors see sustainability as a necessary investment prerequisite. Redefine will continue to strive for sustainability in all areas of our business.”

The SRI Index identifies JSE listed companies that integrate the principles of triple bottom line and good governance into their business.

Besides developing responsible business practice in South Africa and beyond, the index also promotes responsible investment.

The four areas considered for SRI Index inclusion are: environment, society, governance and related sustainability concerns, and climate change.

Corli le Roux, head of SRI Index and Sustainability at the JSE, says they are pleased with Redefine’s success in the 2012 SRI Index. 

The company demonstrated its commitment to the process from early in the year, and we are delighted that its efforts have resulted in inclusion, particularly given the interest of responsible investors in the property sector, explains Le Roux.

“We look forward to being part of their continued progress on this journey.”

Redefine’s inclusion in the index also strengthens the real estate sector’s representation on the SRI Index, which is now nearly at 4 percent.

JSE listed Redefine is a property loan stock company managing a diversified portfolio of property assets of over R39 billion.

The company’s local investment assets comprise 253 properties valued at R21.1 billion and a R5.6 billion portfolio of strategic listed property securities.

Redefine is internationally diversified through its direct interest in ASX-listed Cromwell Property Group and JSE listed Redefine Properties International Limited, which has a 71.7 percent stake in London Stock Exchange listed subsidiary Redefine International PLC.  

Similar Articles

The new multi-million rand Tugela Ferry Mall and Jozini...

A new flexible co-work facility, One Chadwick Co-Working...

The Amdec Group handed over a cheque for R250k to the...

View all articles

Top Articles

Whether you’re planning on rekindling your love or...

Many families are migrating from Gauteng to Ballito for...

Wills must be very carefully worded to avoid...

View all articles
Top Articles
10 Feb 2016
Morningside, Rivonia, Rosebank and Bryanston will see much residential d...
10 Feb 2016
Offering sophisticated retirement living, Lazuli Coastal Lifestyle Estat...
10 Feb 2016
The new multi-million rand Tugela Ferry Mall and Jozini Shopping Centre ...
10 Feb 2016
A UKZN architecture student has proposed an environmental research facil...
10 Feb 2016
Offering the ultimate seaside retreat, Flamingo Bay is being developed o...
Get the latest property news.
Select your options:

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.

Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724