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Apple Added, Time Warner and Petro-Canada Deleted from FTSE4Good Index Series

Author: William Baue, SocialFunds.com, Published on: 30 September 2004

Failure to meet the human rights criteria [of the FTSE4Good Index Series] prompted the ejection of Petro-Canada and Time Warner, while non-compliance with environmental criteria led to the ousting of 17 companies, including Benetton and Mothercare..."Operationally, we believe our practices are responsible and principled related to the use of security forces, however to further demonstrate this we are developing a formal policy . . . in response to the gap identified by the FTSE4Good Index," Ms. Ranson [Andrea Ranson, spokesperson for Petro-Canada] told SocialFunds.com. Time Warner did not respond to SocialFunds.com's requests for commentary. [also refers to Apple, Carrefour, Holcim, Nestle, Danone, Heinz, Meiji Dairies]

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Related companies: Apple Benetton Carrefour Danone Heinz (now Kraft Heinz) Holcim (part of LafargeHolcim) Meiji Dairies Mothercare Nestlé Petro-Canada (part of Suncor) Time Warner