NEW YORK FTSE, an index calculation company co-owned by the London Stock Exchange and the Financial Times, is developing a family of indexes meant to increase awareness of socially responsible companies in the international business community.
The company said the FTSE4Good indexes would be a first step toward setting a global standard for socially responsible investing. The indexes are to be available for use by brokerages and investment managers in creating mutual funds, exchange-traded funds, and other index-linked investments.
Both a tradable and a benchmark index are being created for four geographic classifications: the United Kingdom, Europe, the United States, and global.
The indexes are being developed in association with Ethical Investment Research Services in London. For the U.S. indexes, FTSE has formed partnerships with the Council on Economic Priorities and Investor Responsibility Research Center to get data on U.S. companies.