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Nokia named in new ethical index

ITP News Network / New Delhi

Nokia, has recently been named among the top 10 European constituents of the new FTSE4Good index series, which benchmarks the performance of socially responsible companies in European, US and Global markets.

Besides looking at the financial performance, socially responsible investment (SRI) is an investment strategy that takes into account a company’s ethical, social and environmental performance. Nokia believes that this has been the result of the company’s long-standing ethical commitment and strong value base. The constituents of the FTSE4Good series are determined by assessing a company’s achievements in the following areas, namely - the working towards environmental sustainability, developing positive relationships with stakeholders and upholding and supporting universal human rights.

“Nokia views the creation of the index series as further evidence that, increasingly, fund managers and individuals are looking to invest in socially responsible companies. The criteria for the new index are closely aligned with Nokia values, stakeholder expectations and the way the company has been doing business for a very long time,” said a company official. Nokia is a broadly held company with listings on six major exchanges.

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