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Corporate Social Responsibility
News
5.11.2006 ET
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CSR News from:
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FTSE backs UNEP Finance Initiative's Principles for Responsible Investment
(CSRwire) London - FTSE Group (FTSE) is the first global index company to
sign the UNEP FI Principles for Responsible Investment (PRI). At a
ceremony in Paris on 2 May, the company became an inaugural professional
services signatory to the ground-breaking PRI - an initiative which was
launched by United Nations Secretary- General Kofi Annan. 18 major
institutional investors and 32 institutional asset owners, representing
more than $4 trillion in assets have already signed-up to the
Principles.
As a signatory to PRI, FTSE has committed to providing tools and services
for responsible investment. FTSE provides benchmarks, tradable and
customised indices for a range of institutional and retail investors.
FTSE4Good is an innovative index series and engagement programme designed
to provide investors with a tool to measure the performance of companies
who meet international CSR standards. The principles on which the
FTSE4Good indices are based are rooted in globally accepted international
standards, such as the UN Global Compact and the Universal Declaration of
Human Rights. Globally, over thirty financial institutions are licensed to
use the FTSE4Good index series including the Co-operative Bank and Direct
Line Unit Trust Limited.
Mark Makepeace, Chief Executive of FTSE Group said:
"FTSE Group welcomes the launch of UNEP FI Principles of Responsible
Investment, an initiative that is truly a milestone in the efforts to
bring CSR and SRI into the mainstream. Through our FTSE4Good index series,
we've sought to raise awareness of corporate responsibility within the
investment community. We've been privileged to work with UNEP FI and to
participate in the development of the PRI. We are committed to
contributing to the evolution and acceptance by global investors going
forward."
United Nations Secretary, General Kofi Annan said:
"These Principles grew out of the understanding that while finance fuels
the global economy, investment decision-making does not sufficiently
reflect environmental, social and corporate governance consideration.
Developed by leading institutional investors, the Principles provide a
framework for achieving better long-term investment returns and more
sustainable markets."
As a UN signatory, FTSE will continue to consult with the investment
community to enhance and increase its product offering in this area.
For more information
FTSE Group: Sabrina Bhangoo/Jo Mayall +44 (0)20 7866 1821 media@ftse.com
UNEP FI: Gavin Power, Senior Advisor, UN Global Compact Office (New York)
+1-212-963-4681 powerg@un.org
Paul Clements-Hunt, Head of Unit, UNEP Finance Initiative (Geneva)
+41-79-349-54-86 pch@unep.ch
Notes to Editors
UN Global Compact:
Launched by United Nations Secretary-General Kofi Annan in 2000, the UN
Global Compact brings business together with UN agencies, labor, civil
society and governments to advance ten universal principles in the areas
of human rights, labor, environment and anti-corruption. Through the power
of collective action, the Global Compact seeks to mainstream these ten
principles in business activities around the world and to catalyze actions
in support of broader UN goals. With over 2500 participating companies from
more than 90 countries, it is the world's largest voluntary corporate
citizenship initiative. For more information, please visit www.unglobalcompact.org.
UNEP Finance Initiative:
The United Nations Environment Programme Finance Initiative (UNEP FI) is a
unique global partnership between UNEP and the financial services sector.
UNEP FI works with 160 financial institutions - banks, insurers, asset
managers, and pension funds - to develop and promote linkages between
sustainability and financial performance. UNEP FI is the oldest and
largest partnership between the UN and the global financial sector. UNEP
FI promotes the adoption of best environmental and sustainability practice
at all levels of financial institution operations. For more information on
UNEP FI, see: http://www.unepfi.org
or http://www.unpri.org
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, Boston, Shanghai and Tokyo, FTSE Group services
clients in 77 countries worldwide. It calculates and manages the FTSE
Global Equity Index Series, which includes world-recognized 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, and Xinhua Finance of
China. FTSE also has a collaborative 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. For more information about FTSE's RI:
http://www.ftse.com/Indices/FTSE4Good_Index_Series/index.jsp
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