WEG included among the most sustainable companies


B3 – Brazil Stock Exchange announced today the composition of the 16th Corporate Sustainability Index portfolio (ISE) and WEG, for the 11th time, was selected as the only representative for the Machinery and Equipment sector. 

Companies holding the 200 most liquid shares in B3 were invited to take part of the ISE B3 process. From this number of companies, 46 shares held by 39 companies in 15 business sectors were selected for the 2021 portfolio. Together, these companies represent R$ 1.8 trillion in market value, 38% of the total market value of companies with shares traded on B3, based on the closing of November 25th, 2020. 

In addition to the responses to the questionnaire, the selection process also relies on an analysis of the documents submitted by the companies to support the information provided and also with a final deliberation conducted by the ISE Deliberative Council, CISE. The technical management of this process is carried out by B3, with KPMG´s assurance.

The index was created in 2005 and has since then shown an increase of 294.73% against 245.06% of Ibovespa (B3’s main reference index). According to B3, this year there was a 69% increase of participating companies in the process if compared to last year, evidencing the importance ESG (Environmental, Social and Governance) has been gaining. 

The inclusion of WEGE3 shares in the Corporate Sustainability Index portfolio, which has been occurring consistently for some years (9th consecutive year), stresses the Company’s commitment with best practices for a sustainable development. The new ISE portfolio will be valid from January 4, 2021 to December 30, 2021.



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