GAIL included in the Global Sustainability Index “FTSE4GOOD Emerging Index”
Deepthi | Myequity news | Date : 27-09-2018 16:20:00 IST
GAIL (India) Limited, the country’s premier Natural Gas company, has been selected for the second year in a row as an index constituent of the prestigious FTSE4Good Emerging Index.GAIL’s selection in the FTSE4Good reflects its leadership in environmental, social and governance (ESG) performance in the Oil & Gas Sector.
The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong ESG practices worldwide. The Global Sustainability Index has been created by global index provider FTSE Russell, a wholly owned subsidiary of London Stock Exchange Group. About GAIL India Limited:
On being included in the global ESG Index, Dr. Ashutosh Karnatak, Director (Projects), GAIL (India) Limited said, “GAIL’s inclusion in the FTSE4GOOD Emerging Index for a second year in a row stands as a testimony of our efforts and long-term commitment towards Sustainability."
On the inclusion of GAIL in the index, FTSE said “GAIL India has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series."
Gail (India) Limited (GAIL) (formerly known as Gas Authority of India Limited) is the largest state-owned natural gas processing and distribution company in India. It is headquartered in New Delhi. It has the following business segments: natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemical, city gas distribution, exploration and production, GAILTEL and electricity generation. GAIL was conferred with the Maharatna status on 1 Feb 2013, by the Government of India.