FTSE4Good deletes software giant Oracle over human and labour rights
Author: Daniel Brooksbank, Responsible Investor, Published on: 15 March 2011
US software giant Oracle Corp. is to be deleted from the FTSE4Good index series, index firm FTSE’s corporate responsibility standards suite, over human and labour rights. Oracle is one of seven companies that will be deleted as of March 18 as part of the latest semi-annual review. The others are Home Depot (environmental management and human and labour rights), National Semiconductor (human/labour rights), Kurita Water Industries (bribery), Shin-Etsu Chemical (bribery), UMECO (bribery) and Morgan Crucible (weapons systems). They failed to meet tougher requirements in time for the review.