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Reuters – The São Paulo Stock Exchange Operator, B3, announced that Vale Mining Company would be excluded from the ISE Sustainability Index as of February 12, as a result of the disaster caused by the construction of a dam retaining. the company in Brumadinho (MG), which has so far recorded 157 dead and 182 missing.
The decision was made Thursday and, according to B3, "should not be considered a prejudice of the company's responsibilities"
The exclusion of the company from the index is explained by the fact that The indicator portfolio rules state that "badets issued by a company whose sustainability performance, as defined by the CISE, has been significantly changed due to: an event has occurred during the validity of the portfolio. "
By Alberto Alerigi Jr.
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