Itausa And Itau Holding Are Selected To Compose 2007/2008 Dow Jones Sustainability World Index (DJSI)
10 September 2007 - 9:45PM
PR Newswire (US)
Itau Holding is Selected to Integrate DJSI for the 8th Consecutive
Year (Since the Index was Created), While Itausa Will be Part of
DJS Index for the 4th Time in Eight Editions SAO PAULO, Brazil,
Sept. 10 /PRNewswire-FirstCall/ -- Itausa - Investimentos Itau S.A.
and Banco Itau Holding Financeira S.A. are pleased to inform that
they have been selected to compose Dow Jones Sustainability World
Index (DJSI) portfolio for its 2007/2008 edition, together with 316
other companies from all over the world. Itau remains the only
Latin-American bank to participate in the index since its creation
in 1999, while Itausa will integrate the index portfolio for the
4th time. DJSI is made up of shares of companies of recognized
corporate sustainability, that is, companies that are able to
create value for their shareholders in the long run, as they can
take advantage of business opportunities and manage risks
associated with economic, environmental, and social factors. In
other words, it takes into account not only the financial
performance, but especially the company management quality that
must integrate economic value with transparency, corporate
governance and social and environmental responsibility as a form of
long-term sustainability. Since its implementation in January 1999,
DJSI has become a significant reference for fund management
institutions. Such institutions are based on their performance to
make decisions on investments, and offer diversified products to
their clients on the basis of shares of companies participating in
DJSI, which are committed to sustainable economic, social,
environmental, and cultural development. In August 2007, there were
47 fund managers in 15 different countries authorized to use the
DJSI portfolio. The new DJSI composition includes 318 companies
from 24 countries, of which only 7 are Brazilian. The index is
reviewed annually based on questionnaires delivered to companies
and public information provided in annual reports, media channels,
and websites for relations with investors. The survey comprised the
top 2,500 companies per market value of the Dow Jones Global Index,
representing 57 operation sectors. In each sector, only 10% of
companies best classified in the sustainability ranking are
selected to join the index, based on the analysis of some 30 items
related to economic, social, and environmental performance of such
companies. The survey and selection process is audited by
PricewaterhouseCoopers. Itau Holding obtained the highest score in
the bank sector in the following items: Anticrime Policy, Human
Capital Development and Talent Retention. Itausa, on the other
hand, obtained the highest score in Economic Dimension and the
following items: Brand Management, Environmental Policy, and Vendor
Guidelines. Participating in the Dow Jones Index reflects Itausa
and Itau Holding long-term commitment to such values as ethical
business behavior, transparency, compliance with legality,
corporate governance, and social, cultural and environmental
responsibility. We believe that this commitment is a factor to
maintain a sustainable growth and creation of value for our
shareholders over the next coming years. Investors Relations Area
Investors Relations Area Itausa - Investimentos Itau S.A. Banco
Ita� Holding Financeira S.A. DATASOURCE: Banco Itau Holding
Financeira CONTACT: Web site: http://www.itau.com/
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