Review of FTSE4Good index sees 15 firms axed

The index provider says changes to the series -designed to track the performance of companies meeting international corporate responsibility standards are effective from close of trading on September 18. It says since the launch of the index series in 2001, over 250 companies have been deleted for failing to keep pace with the increasing stringency of the FTSE4Good environmental and social criteria. However it adds that despite raising the criteria bar, most FTSE4Good reviews have seen more additions than deletions, which indicate a growing adoption of responsible business practices a...