Lafarge Maintains Ethical Investment Credentials
- 03 November 2011
- Company & Industry News
Construction materials giant Lafarge has retained its place on the global FTSE4Good Index — the world’s most respected ethical investment index. Launched in July 2001 by FTSE, the leading worldwide index providers, the 4Good Index aims to measure the performance of companies that meet globally recognised corporate responsibility standards.
It is used by many ethical fund managers to provide yardsticks to industry and is one of the most trusted benchmarks to consider when comparing investment opportunities. Lafarge’s continued success comes following the semi-annual review of companies in the FTSE4Good. The review ejected four businesses, including pharmaceuticals colossus, Pfizer, and added 22.
Shaun Davidson, managing director for the asphalt and contracting division at UK business unit, Lafarge Aggregates & Concrete, said:
“This is fantastic news and recognises the commitment Lafarge makes both globally and nationally, here in the UK, to operating as responsibly as possible.
“We are proud of our record in developing innovative products which offer lower environmental footprints and of our history of award-winning site restoration and biodiversity enhancement.
“For instance we use recycled road planings, glass and aggregates in our asphalts and have developed warm and cold mix asphalts which take less energy to be produced.
“We also strive to be open and honest with stakeholders and neighbours, engaging with them at all levels and proactively supporting our local communities by offering materials and sponsorship, as well as grants through the Landfill Communities Fund.
“Most significantly we acknowledge the importance of our workforce and do all we can to ensure their safety, develop their potential and encourage the sharing of best practice. Our goal is always for zero harm and we are consistently proven to be the UK’s safest, major quarrying and construction materials business.”
To be accepted as a member of the FTSE4Good companies have to meet certain criteria covering three key areas: working towards environmental sustainability; developing positive relationships with stakeholders and upholding and supporting universal human rights.
The index is used in a variety of ways including as a basis for building ethical investment funds; as a research tool to identify socially responsible companies; as a global responsibility standard marker for firms to both aspire to and surpass and a benchmark to trace the performance of socially responsible investment portfolios.
Lafarge Aggregates & Concrete UK - UK Head Office
Watermead Business Park
LE7 1WA UK
T: 0844 561 0037
F: 0870 336 8602