Coats, the world’s leading industrial thread manufacturer and a major player in the Americas textile crafts market, has entered the FTSE4Good UK Index.
The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices which are clearly defined and transparently managed. It is used to create financial products which focus on sustainable investment as well as for benchmarking, research and reference.
Rajiv Sharma, Group Chief Executive, Coats said: ‘At Coats responsible business practice is at the core of everything that we do. Entering the FTSE4Good Index is recognition of the values and actions of all our 19,000 employees across the world to support our foundations of compliance and sustainability.’
Coats scored especially highly on the metrics around governance, particularly corporate governance and anti-corruption.
Coats’ entry to the FTSE4Good Index also comes after its entry to the unrelated MSCI Global Small Cap Index in May. In addition, in June Coats marked the one year anniversary of its re-entry to the FTSE 250, having been a founding member of the FT 30 index in 1935.