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Article

22 Jul 2001

Author:
Jill Insley, Observer [UK]

BP: a friend of the earth? [regarding FTSE4GOOD]

Jill Insley explains how the oil giant became a 'socially sound' investment: A fund holding shares in oil and pharmaceutical companies is unlikely to meet most people's definition of an environmentally or socially sound investment. So it's not surprising that FTSE4Good, new stock market indices intended to track the prices of socially responsible companies which include BP, Shell, GlaxoSmithKline and AstraZeneca, have attracted heavy criticism.