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FTSE tightens SRI criteria

Global index provider FTSE Group has announced its first criteria revision to its socially responsible investment index FTSE4Good.

From September 2002 all companies, and not just those with the greatest potential to affect the environment, will need to meet new and more comprehensive environmental standards to qualify for the indices.

FTSE4Good advisory committee deputy chairman Craig MacKenzie says: “The new criteria is designed to be challenging but still achievable, and should prompt companies to become more transparent on environmental issues.”

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