Sandvik AB has been reconfirmed as a member of the prestigious FTSE4Good Index Series, an index that measures Environmental, Social and Governance (ESG) performance practices in international companies. The purpose of the FTSE4Good index, which was first launched in 2001, is to provide investors with a tool to identify companies that meet globally recognized corporate sustainability standards.
"We have high ambitions in sustainability since we are convinced that this will lead, amongst others, to increased customer satisfaction and thereby increased growth. It will also be beneficial in our strive to attract international investors and future employees. Being reconfirmed as a member of FTSE4Good proves that we are successful in the way we work with sustainability matters which, to an increasing level, are becoming an integral part of our business operations and our company culture", says Olof Faxander, President and CEO.
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: Climate Change, Pollution and Resources, Water, Biodiversity, and Environmental Supply Chain
- Social pillar: Labour Standards, Human Rights and Community, Health and Safety, Customer Responsibility, and Social Supply Chain
- Governance pillar: Corporate Governance, Risk Management, Anti-Corruption, and Tax Transparency
"I am very pleased that we are a member of the FTSE4Good Index Series, which shows us that we are on the right path. Nevertheless, it is important that we continue to make progress and that we remain transparent in order to persist on the FTSE4Good since the inclusion criteria are revised regularly and are becoming increasingly tougher to meet", says Christina Båge-Friborg, Head of Sustainable Business at Sandvik.