DowDuPont added to FTSE4Good Index Series 28th August 2018
DowDuPont announced yesterday that it was named a constituent of the FTSE4Good Index Series. FTSE4Good was created by the global index provider, FTSE Russell, and is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
“We are honored to be listed to the distinguished FTSE4Good Index for our industry-leading sustainability performance,” said Howard Ungerleider, chief financial officer, DowDuPont. “Sustainability has long been fundamental to the strategies and value propositions of both Dow and DuPont. Going forward, we expect that each of the industry-leading companies we intend to create will continue to help advance the well-being of humanity through science, innovation and collaboration.”
DowDuPont achieved the fourth highest ESG rating in the chemicals subsector, scoring 4 out of 5. The company was recognized particularly in the areas of: Environmental Supply Chain, Social Supply Chain, and Corporate Governance, scoring 5.0 in each of the areas. DowDuPont also scored high relative to the industry average on Biodiversity, Water Use, Climate Change, Human Rights, Health & Safety, Risk Management, and Tax Transparency.
According to FTSE Russell, the FTSE4Good indexes can be used in four main ways:
- Financial products – as tools in the creation of index-tracking investments, financial instruments or fund products focused on sustainable investment.
- Research – to identify environmentally and socially sustainable companies.
- Reference – as a transparent and evolving global ESG standard against which companies can assess their progress and achievement.
- Benchmarking – as a benchmark index to track the performance of sustainable investment portfolios.