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 index of business ethics

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 world's listed companies.

The research, created in partnership with UNICEF and supported by the Ethical Investment Research Services (EIRIS), takes into account companies' environmental, social and corporate governance practices, excluding organisations linked to tobacco, nuclear energy or arms, and is intended to respond to the growing interest in investment in socially responsible practices at the global level.

Criteria for inclusion

Specifically, the FTSE4Good index is based on more than 300 indicators These also vary according to the sectoral and geographical context of the organisation and are assessed twice a year, allowing new members to join and excluding those who do not meet the minimum standards required.

In general terms, the following are taken into account parameters:

• At the level of business management, the following aspects are taken into account:
  • Economic and fiscal transparency of the company.
  • Risk management.
  • Anti-corruption policies put in place.
  • Corporate organisation and functioning.

• 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.

In order to be included in this index, the assessed companies must achieve at least a score of 3.1 out of 5 as a demonstration of their business ethics and their procurement helps listed companies in four areas:

• For obtain financing and access funds.
• For be identified as an environmentally and socially sustainable company.
• Like transparency standard corporate.
• Like benchmark index for monitoring business performance and evolution.

The FTSE4Good is a high stringency index, recognised among the most important in the world together with other certifications, such as the Dow Jones Sustainability Index-DJSI, in which the Edenred Group is also included. for their good social, environmental and economic practices from 2013 to 2017 in the category «Business and Professional Services».