FTSE4Good Index

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The FTSE4Good Index is a series of ethical investment stock market indices launched in 2001 by the FTSE Group.[1] A number of stock market indices are available, for example covering UK shares, US shares, European markets, and Japan, with inclusion based on a range of corporate social responsibility criteria. Research for the indices is supported by the Ethical Investment Research Services (EIRIS).[2]

Academic research suggests that inclusion in or exclusion from the index does not significantly affect firm behaviour,[3] and that investors focussing on the indices do no worse on average than those who invest without regard to them.[4]

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References[edit]

  1. ^ ethicalinvestment.co.uk, FTSE4Good
  2. ^ FTSE.com, EIRIS
  3. ^ M. Martin Curran, Dominic Moran (2007), "Impact of the FTSE4Good Index on firm price: An event study", Journal of Environmental Management, Volume 82, Issue 4, March 2007, Pages 529-53
  4. ^ Collison, D. J., Cobb, G., Power, D. M. and Stevenson, L. A. (2008), "The financial performance of the FTSE4Good indices". Corporate Social Responsibility and Environmental Management, 15: 14–28. doi:10.1002/csr.144

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