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FTSE4Good Index
The FTSE4Good Index is a series of ethical investment stock market indices launched in 2001 by the FTSE Group.〔ethicalinvestment.co.uk, (FTSE4Good )〕 A number of stock market indices are available, for example covering UK shares, US shares, European markets, and Japan, with inclusion based on a range of corporate social responsibility criteria. Research for the indices is supported by the Ethical Investment Research Services (EIRIS).〔FTSE.com, (EIRIS )〕
Academic research suggests that inclusion in or exclusion from the index does not significantly affect firm behaviour,〔M. Martin Curran, Dominic Moran (2007), "Impact of the FTSE4Good Index on firm price: An event study", ''Journal of Environmental Management'', Volume 82, Issue 4, March 2007, Pages 529-53〕 and that investors focusing on the indices do no worse on average than those who invest without regard to them.〔Collison, D. J., Cobb, G., Power, D. M. and Stevenson, L. A. (2008), "The financial performance of the FTSE4Good indices". ''Corporate Social Responsibility and Environmental Management'', 15: 14–28. 〕
==See also==
* Calvert Social Index
* FTSE KLD 400 Social Index
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