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Article

19 Nov 2008

Author:
Ruth Sunderland, Zoe Wood, Observer [UK]

[See "Ethical business" section for all articles] Ethics still matter in hard times

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A more enlightened way of looking at it is that the economic downturn makes corporate integrity more important than ever; companies already under financial strain can ill afford to expose themselves to fresh risks by being lax on the environment or courting the anger of investors by flouting governance rules...In our second annual Good Companies Guide compiled in conjunction with Co-operative Asset Management, we have assessed the performance of all the shares in the FTSE 350 index, according to a range of social, environmental and ethical criteria. From this, we have identified the best 20 performers - and the worst.