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Article

21 Apr 2003

Author:
Tobias Webb, Ethical Corporation Magazine

FTSE4Good raises the bar for companies

FTSE Group recently announced a new, more stringent set of human rights criteria for companies in the socially responsible index series FTSE4Good...FTSE are trialling the human rights standards on the global upstream oil gas and mining sector...They are asking companies to commit to ILO core labour standards on a global scale, support publicly the Universal Declaration of Human Rights, have guidelines on the use of armed security guards according to the UN Basic Principles of the Use of Force and Firearms and to reference “respect of the rights of indigenous peoples”. In order to stay in the FTSE4Good Index, companies will also have to provide training for employees on human rights policy, provide evidence of undertaking a human rights impact assessment and integration of their policy into risk assessment processes...In countries of particular concern such as Angola, China, Burma, Zimbabwe and Sudan, resource companies must commit to meeting more stringent guidelines