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Corporate Social Responsibility
News
3.15.2005 ET
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CSR News from:
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News Category:
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61 New Companies Join the FTSE4Good Index
(CSRwire) London - FTSE Group, the global index provider, today confirms the
results of the March review of the FTSE4Good global index series. An
additional 61 companies worldwide have met the index criteria that assess
companies' Corporate Social Responsibility (CSR) practices based on
principles of Socially Responsible Investment (SRI). The largest number
of new companies is from Japan (21). Globally, 27 companies will be
removed from the index, as they no longer meet the criteria. Changes to
the index will take place after the close of the markets on Friday 18th
March 2005.
Seven companies from the UK will go into the FTSE4Good index. They are
e2v technologies, Management Consulting Group, Morgan Crucible Co., Nord
Anglia Education, Surfcontrol and Virgin Mobile Holdings.
The table below shows the breakdown of the number of companies that are
joining and leaving the FTSE4Good index by country:
Australia - Additions, 6 Deletions, 2
Canada - Additions, 1 Deletions, 3
France - Additions, 6
Germany - Additions, 5
Italy - Additions, 1 Deletions, 2
Japan - Additions, 21 Deletions, 2
Netherlands - Additions, 1
Spain - Additions, 1
UK - Additions, 7 Deletions, 7
USA - Additions, 12 Deletions, 11
Total Additions, 61 Deletions, 27
The FTSE4Good criteria, which cover areas of environmental sustainability,
developing positive relationships with stakeholders and upholding and
supporting universal human rights, have evolved since the index was
launched in July 2001. The environmental criteria have been tightened
significantly - 23 companies will be removed from the index next week
because they no longer meet these criteria.
Notes to Editors
About FTSE Group
FTSE Group is a world-leader in the creation and management of indexes.
With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New
York, San Francisco, and Tokyo, FTSE Group services clients in 77
countries worldwide. It calculates and manages the FTSE Global Equity
Index series, which includes world-recognised indexes ranging from the
FTSE All-World Index, the FTSE4Good series and the FTSEurofirst Index
series, as well as domestic indexes such as the prestigious FTSE 100. The
company has collaborative arrangements with the Athens, AMEX, Cyprus,
Euronext, Johannesburg London, Madrid, NASDAQ and Taiwan exchanges, as
well as Nomura Securities, Hang Seng and Xinhua Finance of China, FTSE
recently signed an agreement with Dow Jones Indexes to develop a single
sector classification system for global investors.
FTSE indexes are used extensively by investors world-wide for investment
analysis, performance measurement, asset allocation, portfolio hedging and
for creating a wide range of index tracking funds. Independent committees
of senior fund managers, derivatives experts, actuaries and other
experienced practitioners review all changes to the indexes to ensure that
they are made objectively and without bias. Real-time FTSE indexes are
calculated on systems managed by Reuters. Prices and FX rates used are
supplied by Reuters.
About FTSE4Good Index Series
FTSE4Good is an innovative series of real-time indices designed to reflect
the performance of socially responsible equities. The series, created and
managed by global index provider FTSE Group, covers five markets: UK,
Europe, Japan, US and Global. Four tradable and five benchmark indices
make up the FTSE4Good index series. A committee of independent
practitioners in socially responsible investment, (SRI) and corporate
social responsibility (CSR) review the indices to ensure that they are an
accurate reflection of current CSR best practice.
FTSE Group contributes income including licence fees for FTSE4Good to
UNICEF, the global charity.
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