FTSE Group, the award-winning global index provider, today confirms the results of the March review of the FTSE4Good global index series. An additional 25 companies worldwide have met the FTSE4Good Corporate Responsibility (CR) standards and will be added to the index series. Globally, 17 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 (11). Changes to the index will take place after the close of the markets on Friday 16th of March 2007.
The eleven UK companies entering into the FTSE4Good index series are Acambis, Admiral Group, Barratt Developments, Catlin Group, Emblaze, Erinaceous Group, Foseco, Halfords Group, Office2Office, T. Clarke, and Standard Life. The two UK companies to exit the FTSE4Good index series are AEA Technology and Tate & Lyle.
Since the index launched in 2001, over 450 companies have been added to the FTSE4Good Index, and around 160 have been deleted. Over 310 companies have improved and changed company policy and practice, based on new and/or enhanced criteria, to remain in the index.
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 |
|
Australia |
1 |
- |
|
Greece |
1 |
- |
|
France |
1 |
2 |
|
Austria |
1 |
- |
|
Japan |
4 |
1 |
| Switzerland | 1 | - |
| Netherlands | 1 | - |
| UK | 11 | 2 |
| USA | 4 | 12 |
| TOTAL | 25 | 17 |
The FTSE4Good criteria cover areas of environmental sustainability, developing positive relationships with stakeholders and upholding and supporting universal human rights. 17 companies will be removed from the index next week because they no longer meet supply chain labour standards, countering bribery, or environmental criteria.
FTSE4Good recently launched new climate change criteria on 6th February. High impact companies have until January 2008 to meet these new criteria to remain in the FTSE4Good index series.
