PartyGaming joins FTSE4Good Index
PartyGaming, the world’s leading listed online gaming company, is pleased to announce that it has become a constituent member of the FTSE4Good Index. Inclusion of PartyGaming’s shares in both the FTSE4Good UK Index and the FTSE4Good Europe Index takes effect from Monday 22nd September. The FTSE4Good Index series was launched in 2001 by FTSE Group, a world leader in indexing solutions.
The eligibility criteria include working towards environmental sustainability, developing positive relationships with stakeholders, up-holding and supporting universal human rights, ensuring good supply chain labour standards and countering bribery.
The main objectives for the FTSE4Good Index Series are to provide a tool for responsible investors to identify and invest in companies that meet globally recognised corporate responsibility standards: to provide asset managers with a socially responsible investment benchmark and a tool for socially responsible investment products; and to contribute to the development of responsible business practice around the world.
FTSE4Good works in association with the Ethical Investment Research Service (EIRIS) and its network of international partners to research company corporate responsibility performance. EIRIS manages the research and analysis globally in order to cover the FTSE4Good Index eligible universe, either directly or through a network of partner research organisations.
A variety of mechanisms are employed to access the most up-to-date relevant data, including scrutiny of annual reports, research of company websites, written questionnaires and liaison with companies where appropriate and other publicly available material. Additionally, factsheets detailing the information held by EIRIS are distributed to companies on a regular basis for updating and review.
Martin Weigold, Group Finance Director who has executive responsibility for Corporate Social Responsibility for PartyGaming, said:
“We are delighted to have been recognised for our continual efforts to set and raise the online gaming industry’s standards for corporate and social responsibility. Inclusion in the FTSE4Good Index Series, together with our GamCare certification, eCogra accreditation and review by the GoodCorporation, is a further endorsement of one of the four pillars of our business strategy – to act responsibly and to ensure that customers play on our gaming sites for the right reasons, which is to play within their means, enjoy great entertainment and have fun in a safe and secure environment.”
September 17, 2008