28 December 2017

Business ethics: Edenred, in the FTSE4Good index

There are different indexes and certificates that highlight business ethics of organisations around the world. One of the most reputable is the FTSE4Good., The ranking values environmental and human rights actions, as well as the willingness of companies to develop beneficial relationships with all stakeholders.

In this sense, Edenred has just announced that it has renewed its inclusion in this prestigious index for the sixth consecutive year, This demonstrates the group's commitment to corporate social responsibility.

The FTSE4Good ethical business index

The FTSE4Good Index consists of an assessment carried out since 2001 which analyses a number of Criteria on business ethics and corporate social responsibility of the companies listed on global stock exchanges.

The research, created in collaboration with UNICEF and supported by the Ethical Investment Research Services (EIRIS), it takes into account companies' environmental, social, and governance practices, excluding organisations linked to tobacco, nuclear energy or weapons, with the aim of responding to the growing interest in socially responsible practices at the global level.

The criteria for inclusion

Specifically, the FTSE4Good index is based on over 300 indicators of business ethics that, furthermore, vary depending on the organisation's industry and geographical context and They are assessed twice each year, allowing new members to join and excluding those who do not meet the minimum required standards.

In general terms, the following are taken into account parameters

At the level of Business management, the following aspects are taken into account:
- Company economic and fiscal transparency.
- Risk management.
- The anti-corruption policies implemented.
- Corporate organisation and operation.

With regard to the sustainability, The report examines the actions in the field of:
- Biodiversity.
- Climate change.
- Pollution and resources.
- Water consumption management.

With regard to the social impact, The index analyses:
- Working conditions.
- Respect for human rights.
- Measures to enhance occupational health and safety.
- Responsibility towards consumers.

To be part of this index, the companies evaluated they must achieve at least a score of 3.1 out of 5 as a demonstration of its business ethics and its achievement in assisting the companies on the list in four areas:

For obtain funding and access funds.
For be identified as an environmentally and socially sustainable company.
Like transparency standard corporate.
Like Reference index for the monitoring of business performance and evolution.

The FTSE4Good is a High rigour index, recognized among the most important in the world alongside other certifications, such as the Dow Jones Sustainability Index - DJSI, which the Edenred group is also included in for their Good social, environmental, and economic practices From 2013 to 2017 in the «Commercial and Professional Services» category.