London Stock Exchange refuses to remove palm oil firm from green index
by Jasper Jolly from Environment | The Guardian on (#4CNJB)
FTSE4Good indices are under fire for inclusion of Golden-Agri Resources
The London Stock Exchange Group has refused to remove a palm oil company from an influential investment index of environmentally friendly firms, despite a string of allegations of corruption and unsustainable business practices.
The group's index subsidiary, FTSE Russell, has written to environmental groups declining to remove Golden-Agri Resources (GAR) from its FTSE4Good indices, which only include "companies demonstrating strong environmental, social and governance (ESG) practices".
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