Lexmark has been selected for inclusion in the United Nations (UN) Global Compact 100 stock index (GC 100) – a new global stock index that combines corporate sustainability and baseline financial performance.
“Lexmark is proud to have been named as an inaugural member of the GC 100,” said John Gagel, manager of sustainability for Lexmark. “This validates Lexmark’s commitment to environmental and social issues and we are pleased to be recognized for this prestigious award.”
Developed and released by the UN Global Compact in partnership with research firm Sustainalytics, the GC 100 is composed of a representative group of based on their adherence to the Global Compact’s Ten Principles as well as evidence of executive leadership commitment and consistent baseline profitability.
The Ten Principles focus on a set of core values in the areas of human rights, labor standards, the environment and anti-corruption. For example, Principle 1 states: “Businesses should support and respect the protection of internationally proclaimed human rights.”
“While the performance of the GC 100 should not be seen as clear evidence of a causal relationship between a commitment to corporate sustainability practices and stock performance, there appears to be an exciting correlation,” said Georg Kell, executive director, UN Global Compact. “Sustainability performance should not be looked at in isolation, so we included a requirement of basic financial good health” (when considering companies for the index).