Eco-friendly index finds British companies are lacking
Thursday 09 September 1999
The Dow Jones Sustainability Group Indexes (DJSGI) shows that only one UK firm, the Anglo-Dutch consumer products giant Unilever, beats its sector rivals in the commitment to sustainable development.
The DJSGI - compiled by the US index provider Dow Jones and the Zurich- based consultant SAM Sustainability - is the first index to rank companies according to their environmental, social and economic credentials. It is made up of more than 200 companies around the globe.
However, UK PLC's top executives appear to be less enlightened than their their European, Japanese and North American counterparts.
Canadian managers are among the more receptive to the principles of sustainability, which advocate the integration of ecological, social and corporate governance factors into business strategies. Four out of the 18 DJSGI sectors are headed by a Canadian company, including the steel producer Dofasco and the electrical group Transalta.
German companies also fare well, with Deutsche Telekom topping the telecom sector and BMW leading the car grouping.
The new index family will allow fund managers to construct different products to suit their investment needs. One possibility is an index without tobacco, alcohol and gambling companies, which is expected to be popular with "ethical" funds and investors.
- 1 'Not suppost to cry': 9-year-old lists the worst things about being a boy
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 4 Lana Del Rey rape video: Marilyn Manson denies involvement in shocking leaked footage
- 5 Kenya bus attack: Al-Shabaab militants kill 28 non-Muslims who failed to recite Koran
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
Revealed: How the world gets rich – from privatising British public services
Myleene Klass: Ed Miliband 'strikes back' by comparing UK's need for Labour's mansion tax to Hear'Say track
iJobs Money & Business
Voluntary Only - Expenses Reimbursed: Reach Volunteering: Age Concern Slough a...
Voluntary Only - Expenses Reimbursed: Reach Volunteering: Crossroads Care is s...
£20000 - £25000 per annum + OTE £35,000: SThree: We consistently strive to be ...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...