US software giant Oracle Corp. is to be deleted from the FTSE4Good index series, index firm FTSE’s corporate responsibility standards suite, over human and labour rights.
Oracle is one of seven companies that will be deleted as of March 18 as part of the latest semi-annual review.
The others are Home Depot (environmental management and human and labour rights), National Semiconductor (human/labour rights), Kurita Water Industries (bribery), Shin-Etsu Chemical (bribery), UMECO (bribery) and Morgan Crucible (weapons systems). They failed to meet tougher requirements in time for the review.
The FTSE4Good Index Series has been designed to objectively measure the performance of companies that meet globally recognised corporate responsibility standards. FTSE Group is an independent index-management company jointly owned by the Financial Times and the London Stock Exchange.
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