FTSE Launches FTSE4Good Australia 30 Index

The index is derived from the FTSE4Good Global Index which takes the FTSE Developed Index universe and screens the constituents against the FTSE4Good inclusion criteria. To be included in the index, companies need to demonstrate they are working towards having good environmental management practices, climate change mitigation, countering bribery, upholding human and labour rights and having sound supply chain labour standards.

The FTSE4Good Australia 30 Index is representative of the largest Australian companies exercising sound social responsibility. Constituents are capped at a maximum weight of 10% of the index to avoid over concentration in any one stock.

Will Oulton, Head of Responsible Investment at FTSE commented, "I am pleased to announce the launch of the FTSE4Good Australia 30 Index which will provide Australian investors with a domestic responsible investment benchmark which will highlight those companies that are leading in the adoption of international standards of corporate social responsibility."

The FTSE4Good inclusion criteria are enhanced regularly and demand continued improvement in CR practices in order for companies to gain or maintain inclusion in the index. In February 2007 FTSE introduced enhanced climate change criteria and companies will have until 2009 to meet these standards in full. FTSE's Responsible Investment Unit engages directly with affected companies and provides support and guidance in understanding the environmental and social criteria. -- www.ftse.com