Mears Group has been recognised for its outstanding environmental, social and governance practices by gaining a place in the FTSE4Good Index – and places Mears in the top 9% of companies in the index.
FTSE4Good is an initiative ran by FTSE to provide an independent measure on the environmental, social and governance (ESG) practices of companies on its global index. It was set up to cater for a growing number of investors who want access to a list of companies recognised for being involved in socially responsible investment (SRI).
Organisations hoping to be included on the list must supply robust and detailed evidence on how they fulfill the index’s key indices, which focus on three areas: the environment, human rights and stakeholder relations.
Chief Executive Officer for Mears, David Miles, said: “We work in some of the most socially deprived areas of the country and we feel a strong sense of responsibility towards finding ways to improve the long-term prospects of the people who live in these communities, and generally operate to high levels of corporate social responsibility. This philosophy has always been at the heart of our business.
“Our inclusion in the index gives confidence to those who work with us that corporate social responsibility is not something we simply pay lip service to, but is fundamental to everything we do.”
FTSE Russell said: “FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Mears Group has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series 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.”