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90 firms sign up to LSE data exchange

April 2005

Ninety companies – 40 of them in the FTSE100 – have now agreed to post social and environmental performance data on the Corporate Responsibility Exchange, an online database set up by the London Stock Exchange to reduce questionnaire fatigue (EP6, issue 4, p4).

Aviva, British Land, Cable & Wireless and GlaxoSmithKline are among FTSE 100 companies that will begin sending information to the CRE this month. The data will be used, among other things, to compile the FTSE4Good index.

The Ethical Investment Research Service, which provides the research for FTSE4Good, recently agreed to support the CRE after talks on how the exchange’s service might dovetail with its own information requirements. Business in the Community, which will use data gathered through the CRE to draw up its Corporate Responsibility Index, is also on board.

Both organizations will encourage companies to use the CRE, but Sustainable Asset Management, which compiles the Dow Jones Sustainability Index, has so far not offered its support, in part because only a fifth of the information it collects is also gathered by other research agencies.

‘This limited benefit to companies may be the reason why only 15 per cent of companies surveyed by SAM encouraged us to participate in the CRE,’ it said. However, agreement may be reached ‘over time’.

So far other rating agencies that send questionnaires to companies routinely seeking details of their social and environmental performance have not supported the CRE.




Further Information
http://www.londonstockexchange.com
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