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Added: 15th January 2019 by RB
RB secures continued accreditation in the FTSE4Good Index, the world’s leading global responsible investment index measuring the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. With the acquisition of Mead Johnson Nutrition, RB needed to satisfy a number of mandatory Breast-Milk Substitute (BMS) Marketing Inclusion Criteria (‘Criteria’) to retain FTSE4Good accreditation.
RB CEO Rakesh Kapoor said,
“Today, RB is proud to announce it has satisfied the FTSE4Good BMS Criteria, making it only the third BMS manufacturer to do so. This showcases how seriously RB takes responsibility and transparency—illustrated by consecutive inclusion in the FTSE4Good Index since 2003.”
Commenting on the milestone, David Harris, Head of Sustainable Investment, FTSE Russell said,
“We congratulate RB on the efforts they have made to retain their inclusion in the FTSE4Good index series. They have made substantial progress on the issue of BMS Marketing since acquiring Mead Johnson Nutrition in order to meet our detailed criteria, demonstrating the necessary changes in company policies and practices, which lead to improved standards in this important area.”