16 July 2015, 10:51
Sandvik AB has been reconfirmed as a member of the prestigious FTSE4Good Index Series, an index that measures Environmental, Social and Governance (ESG) performances of companies worldwide.
The purpose of the FTSE4Good index, which was first launched in 2001, is to provide the investment community with a tool to identify companies that meet globally recognized corporate sustainability standards.
FTSE (Financial Times Stock Exchange) is, together with DJSI (Dow Jones Sustainability Index), one of the most recognized sustainability indices worldwide. FTSE evaluates companies based on publicly disclosed information in the three ESG-pillar containing over 300 indicators;
Environmental pillar: Biodiversity, Climate Change, Pollution and Resources, Supply Chain Environment, Water use
Social pillar: Customer Responsibility, Health and Safety, Human Rights and Community, Labour Standards, Supply Chain Social
Governance pillar: Anti-Corruption, Corporate Governance, Risk Management, Tax Transparency
"I am very pleased that we once again are a member of the FTSE4Good Index Series. The inclusion recognizes the performance of our sustainable business practices which we continuously strive to develop further in order to reach profitable and sustainable growth." says Christina Båge-Friborg, Head of Sustainable Business at Sandvik. "It shows our customers that we are a sustainable partner to them while enhancing our value as a responsible investment to national and international investors."