Electrolux has for the second year running been included as a constituent in the Global Compact 100, a stock index composed of companies which have signed the United Nations Global Compact.
UN Global Compact said the GC 100 is composed of a representative group of companies with “strong practices and performance in adhering to the principles of the UN Global Compact around management of human rights, labour rights, the environment and anti-corruption.” Selected companies also show “evidence of executive leadership commitment and consistent base-line profitability.”
The index, which was launched in 2013 in partnership with research firm Sustainalytics, is now a real-time, quoted index appearing alongside other global financial data on Bloomberg investor terminals. It has shown a 21.8% return in the 12 months since it was created, the UN Global Compact said.
The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption.
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