Posted on Apr 16, 2010 by Sergio Ulloa
By consistently maintaining higher levels of Corporate Social Responsibility (CSR) practices, Allianz has managed to satisfy the requirements defined by the FTSE Group, earning the company a place in the FTSE4Good index for the tenth year in a row.
Since its inception back in 2001 by the Financial Times and the London Stock Exchange (FTSE) Group, the FTSE4Good Index measures the performance of companies based on globally-recognised standards of corporate responsibility.
The stringent social and environmental criteria that companies must comply with to be part of the FTSE4Good Index demand that companies demonstrate proficiency in the following five areas: Working towards environmental sustainability, developing positive relationships with stakeholders, upholding and supporting universal human rights, ensuring good supply-chain labour standards, and countering bribery. In a yearly basis, companies are requested to answer a detailed questionnaire that evaluates their performance in these areas.
Allianz is one of the longest standing FTSE4Good companies and has been included in both the European 50 and Global 100 indices since 2001.
Insurance Company mentioned:
Allianz Group is one of the leading global services providers in insurance and asset management. With approximately 153,000 employees worldwide, the Allianz Group serves approximately 75 million customers in about 70 countries. On the insurance side, Allianz is the market leader in the German market and has a strong international presence.