GEO Inaugural Member of the Mexican Stock Exchange Sustainability Index
MEXICO CITY, Dec. 9, 2011 /PRNewswire/ — Corporacion GEO, S.A.B de C.V. (BMV: GEOB; CORPGEO MX, ADR Level I CUSIP: 21986V204; Latibex: XGEO), Casas GEO, Mexico’s leading affordable entry-level housing developer, announces that has been named as one of the 23 inaugural members of the Mexican Stock Exchange’s Sustainability Index.
Luis Orvananos, Corporacion GEO’s Chairman and CEO, said: “We are honored to be member of the Bolsa Mexicana’s new Sustainability Index, which highlights Mexican Companies’ commitment to economic, social and environmental stewardship. This philosophy has been an important part of GEO’s strategy, operations and corporate culture for many years, which is reflected in our award-winning sustainable communities.”
About the Bolsa Mexicana’s Sustainability Index
This new Sustainability Index includes the most liquid shares on the Mexican Stock Exchange that qualify above the average of 3,000 companies evaluated. Companies eligible for inclusion are assessed according to their performance, impact, and responses to emerging environmental, social, and corporate governance (ESG) issues.
About Corporacion GEO S.A.B. de C.V.
Corporacion GEO is a leading housing developer in Mexico and one of the largest in Latin America. The Company is engaged in all aspects of design, development, construction, marketing, sales and delivery of mainly low-income housing developments in Mexico. With operations in 20 states, GEO is one of the most geographically diversified homebuilders in Mexico. Since its inception GEO has sold more than 560,000 homes which currently provide housing to 2,000,000 people. GEO’s Solid Business Model focuses mainly in the Affordable Entry Level and Economic segments, which are supported by government policies and by the Mexican Housing Institutions INFONAVIT and FOVISSSTE. For more information, visit www.corporaciongeo.com
SOURCE Corporacion GEO S.A.B de C.V.