UK - Morley Fund Management has launched a sustainability matrix which ranks FTSE100 companies according to social and environmental criteria.
The matrix is designed to encourage companies to improve their social and environmental performance, to protect and increase shareholder value and provide transparent analysis of companies’ social and environmental policies.
Morley Fund Management chief executive Keith Jones said: “Morley increasingly believes that companies operating in a socially and environmentally responsible manner will be most likely to succeed over time.
Our sustainability matrix breaks new ground in promoting improved performance.”
The matrix ranks business sustainability with a best grade of A for companies that provide a solution such as renewable energy, healthcare and education. The weakest, E grade, is awarded for those with a business incompatible with sustainable development. It also ranks management vision and strategy for sustainable development between 1 to 5.
GlaxoSmithKline achieved an A2 grade with Pearson (A3), BG (B2) and United Utilities (B2) following behind.
By Paul Sanderson
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