by Jasper Jolly on (#4CNJB)
FTSE4Good indices are under fire for inclusion of Golden-Agri ResourcesThe 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) practicesâ€. Continue reading...