Submitted by: FTSE Group
Categories: Socially Responsible Investing
Posted: Sep 13, 2007 – 05:00 AM EST
Sep. 13 /CSRwire/ - NEW YORK - September 13, 2007 - FTSE Group, the award-winning global index provider, today confirms the results of the September review of the FTSE4Good global index series. An additional 42 companies worldwide have met the FTSE4Good Corporate Responsibility (CR) standards and will be added to the index series. Globally, 24 existing constituents will be removed from the index as they no longer meet the criteria. The largest number of new companies is from the UK (22). Changes to the index will take place after the close of the markets on Friday 21st of September 2007.
The 4 companies from the United States entering into the FTSE4Good index series are Dell, McAfee, MEMC Electronics Materials, and NYSE Euronext. The 16 American companiesthat have been deleted from the FTSE4Good index series are Advanced Micro Devices, Agilent Technologies, Alltell, Capital One Financial, Chubb Corporation, Comcast, JC Penny, JDS Uniphase, MBIA, Metlife, Paychex, SLM Corporation, SPX, Target, Tellabs, and Texas Instruments.
The table below shows the breakdown of the number of companies that are joining and leaving the FTSE4Good index by country:
|Country||No. of Additions||No. of Deletions|
The FTSE4Good criteria cover areas of environmental sustainability, developing positive relationships with stakeholders and upholding and supporting universal human rights. 24 companies will be removed from the index next week because they no longer meet supply chain labour standards, human rights, countering bribery, or environmental criteria.
FTSE recently launched new FTSE4Good climate change criteria on 6th February. High impact companies have until January 2008 to meet the first phase of these new criteria to remain in the FTSE4Good index series.
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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.
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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