FTSE4Good Index Drops 17 Companies
FTSE Group has released its March review of the FTSE4Good global index series. An additional 25 companies worldwide have met the FTSE4Good Corporate Responsibility standards and will be added to the index series. Globally, 17 existing constituents will be removed from the index as they no longer meet the criteria. Changes to the index will take place after the close of the markets on Friday 16th of March 2007.
The four U.S. companies entering into the index series are Northern Trust, Realogy, Spectra Energy, and Symantec. The twelve U.S. companies to exit the FTSE4Good index series are Aetna, Ameriprise Financial, Automatic Data Processing, Cablevision Systems, Ceridian, Citizens Communications Company, Countrywide Financial Corporation, First Data, Freddie Mac, Gannett, Intuit, and Viacom.
FTSE4Good recently launched new climate change criteria on 6th February. High impact companies have until January 2008 to meet these new criteria to remain in the FTSE4Good index series.
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