FTSE Introduces New Social Index Family

February 27, 2001 (PLANSPONSOR.com) - FTSE is hoping to do a little good with its launch of FTSE4Good, a new family of indices designed to provide a benchmark for socially responsible investments.

Funds generated by the FTSE4Good index family will be donated by FTSE to UNICEF, the United Nation’s Children’s Fund, estimated to be around $1 million during the first 12 months.

The FTSE4Good series is currently comprised of a tradable and a benchmark index for each of the following four regions:

  • UK
  • Europe
  • US
  • Global

The FTSE4Good series is being developed in association with UK-based research firm Ethical Investment Research Service (EIRIS.)  In the US, EIRIS is teaming up with The Council on Economic Priorities (CEP) and Investor Responsibility Research Center (IRRC) to provide data on U.S. companies. 

FTSE and the expert committee will also seek views on the draft selection criteria prior to the final criteria and constituent lists being published. 

The FTSE4Good indices are expected to go live in June 2001.  The first will track the FTSE4Good UK Index.