Seven companies worldwide have indicated, via FTSE’s engagement program, that they will take no steps to meet enhanced environmental criteria and will be removed from the index. The group included Tenet Healthcare and SunTrust Banks from the US. The other five firms were:
- Elan Corporation (Ireland)
- Hafslund (Norway)
- RoyalBlue Group (UK)
- Goldshield Group (UK)
- St. Ives (UK).
As part of its six-month review, FTSE also found that 55% of existing constituents globally have improved or are improving environmental disclosure and will remain in the index. FTSE said its Corporate Social Responsibility (CSR) team has helped constituent firms define and disclose environmental policies and management systems.
Since the launch of the index in July 2001, nearly 200 global companies have raised their standards and met the criteria. Constituent companies must pass the FTSE4Good criteria on environmental sustainability, relationships with stakeholders and upholding and supporting human rights.
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