Investing September 16, 2002

FTSE Adjusts SRI Index

September 16, 2002 (PLANSPONSOR.com) - The FTSE4Good Advisory Committee has adjusted the components of its socially responsive index.
Reported by

The committee has added five more American companies it determined to have met corporate social responsibility (CSR) criteria to the US and Global Benchmark Indexes, while also determining that seven companies failed to meet the criteria and will be deleted.

At its March meeting, the FTSE4Good Advisory Committee agreed to adopt new definitions describing a business’ impact on the environment (see FTSE4GOOD Goes Greener ).  Companies are placed in a high, medium or low category, depending on their impact on the environment, using an environmental methodology developed by the Ethical Investment Research Service.

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Added

  • Agere Systems Class B
  • Black & Decker
  • CSX
  • Ford Motor
  • Temple Inland

Deleted

  • Arrow Electronics
  • Bank One
  • Sanmina
  • Transocean Sedco Forex 
  • Novell  
  • Parametric Technology 
  • I2 Technologies                                                

FTSE said an additional 51 companies worldwide have engaged with FTSE Group to disclose details of their CSR policies and have been added to the series.

The changes announced today will be applied at the close of business on Friday, September 20.

The benchmarking firm also recently unveiled its Global Style Series containing 480 new indices.

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