FTSE4Good IBEX Index
FTSE Group has partnered with Bolsas y Mercados Españoles (BME) to create the FTSE4Good IBEX Index. The index comprises companies in the BME's IBEX 35 Index and the FTSE Spain All Cap Index that meet good standards of practice in corporate social responsibility (CSR). These companies are working towards environmental sustainability, developing positive relationships with stakeholders and upholding and supporting universal human rights.
The FTSE4Good inclusion criteria represent globally accepted standards of good practice corporate social responsibility as they evolve. They are developed using an extensive market consultation process, and are shaped by a broad range of stakeholders including NGOs, governmental bodies, consultants, academics, the investment community and the corporate sector.
The FTSE4Good IBEX Index has corporate responsibility inclusion criteria that are fully transparent and publicly available. The index can be used:
- To enable responsible investors to identify and invest in companies that meet globally recognised corporate responsibility standards
- To provide asset managers with a responsible investment (RI) benchmark and a tool for the development of RI products
- As a solution for public pension fund managers who, in future, are likely to be required by Spanish law to invest 10% of public pension funds in RI
- To allow investors to capitalise on the benefits of good corporate responsibility (eg ecoefficiencies, improved brand image etc)
- As an engagement tool to encourage companies to be more responsible