FTSE is an independent company owned by London Stock Exchange Group, and FTSE4 comprises a series of ethical investment stock market indices.
The inclusion criteria include:
- Environmental impact
- Social & stakeholder relationships
- Human rights
- Supply chain labor standards
- Countering bribery
The criteria are revised semiannually to ensure they reflect the development in the area of corporate social responsibility, or CSR. What may have qualified a company to be a member last year may no longer be valid the following year; forcing companies to stay current with the standards.
“Being recognized as a member of the FTSE4Good Index Series further illustrates Sandvik's transparent and holistic approach to corporate social responsibility and how we are aiming to make CSR an integrated component of our business model,” said Christina Båge-Friborg, Head of CSR at Sandvik.