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20 March 2009
TelecityGroup Becomes Member of FTSE4Good Index
TelecityGroup shares to be included in the FTSE4Good index for the first time
TelecityGroup, the leading pan-European operator of network independent data centres, is pleased to announce that the Company has become a member of the FTSE4Good Index series. Inclusion of TelecityGroup’s shares in the FTSE4Good Index will be effective from Monday 23rd March 2009.
Michael Tobin, CEO of TelecityGroup, commented: “We are very proud to become a member of the FTSE4Good Index. TelecityGroup takes its Corporate, Social and Environmental commitments very seriously and has worked hard to maximise the opportunities to impact positively on the wider society created by being a major international business. In particular, TelecityGroup is driving energy efficiency and championing innovation to manage and reduce the environmental impact of the digital economy.”
The main objectives for the FTSE4Good Index Series are to provide a tool for responsible investors to identify and invest in companies that meet globally recognised corporate responsibility standards: to provide asset managers with a socially responsible investment benchmark and a tool for socially responsible investment products; and to contribute to the development of responsible business practice around the world.
To qualify for inclusion in the FTSE4Good Index Series, companies must adhere to principles and practices such as, environmental sustainability, positive relationships with stakeholders, support of universal human rights, good supply chain labour standards and practices against bribery.
FTSE4Good works in association with the Ethical Investment Research Service and its network of international partners to research company corporate responsibility performance.
EIRIS manages the research and analysis globally in order to cover the FTSE4Good Index eligible universe, either directly or through a network of partner research organisations.
A variety of mechanisms are employed to access the most up-to-date relevant data, including scrutiny of annual reports, research of company websites, written questionnaires and liaison with companies where appropriate and other publicly available material.
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