IGM Financial has announced its inclusion in the FTSE4Good Index Series.
Formulated by global index provider FTSE Russell, the FTSE4Good Index Series is designed to monitor the performance of companies that demonstrate strong environmental, social and governance (ESG) practices. The FTSE4Good indices are employed by a wide variety of market participants to create and evaluate responsible investment funds and other products.
FTSE Russell confirms that an independent assessment of IGM Financial has been conducted according to the FTSE4Good criteria, and that the company has satisfied the requirements for inclusion in the index series. The methodology of evaluation is based on several key ESG themes. IGM Financial's passing grade serves as proof of its strong corporate performance in areas of climate change, labor standards, human rights & community, social supply chain, corporate governance, risk management, and anti-corruption.
"We are pleased to be identified by FTSE Russell as a company with holistic ESG practices and to be included in this globally recognized index," declared Andrea Carlson, vice president for Finance and Corporate Responsibility. "The FTSE4Good Index facilitates investment in companies recognized for doing business in a responsible way."
IGM Financial, along with two other Canadian companies, was accepted into the London-based FTSE4Good Index Series on June 20, 2016. A total of 25 Canadian companies have met the requirements to be part of this index, which consists of 824 companies worldwide.
IGM Financial’s other notable accomplishments in areas of ESG performance include being named among the 2016 Best 50 Corporate Citizens in Canada by Corporate Knights; being a member of the Jantzi Social Index (JSI), a leading Canadian sustainability index; being rated among the top five performing Canadian diversified financial services companies by global ESG research firm Sustainalytics; and being recognized as a leader in Canadian climate disclosure due to the quality of its reporting on greenhouse gas emissions and climate change.
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