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Fibres/​Yarns/​Fabrics

Coats enters FTSE4Good UK Index

Coats, a leading industrial thread manufacturer, has entered the FTSE4Good UK Index.

24th July 2018

Innovation in Textiles
 |  Uxbridge

Industrial

The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices, which are clearly defined and transparently managed. It is used to create financial products, which focus on sustainable investment, as well as for benchmarking, research and reference.

“At Coats responsible business practice is at the core of everything that we do. Entering the FTSE4Good Index is recognition of the values and actions of all our 19,000 employees across the world to support our foundations of compliance and sustainability,” commented Rajiv Sharma, Group Chief Executive, Coats.

Coats scored especially highly on the metrics around governance, particularly corporate governance and anti-corruption.

Coats’ entry to the FTSE4Good Index also comes after its entry to the unrelated MSCI Global Small Cap Index in May. In addition, in June Coats marked the one-year anniversary of its re-entry to the FTSE 250, having been a founding member of the FT 30 index in 1935.

At home in more than 50 countries, Coats employs 19,000 people across six continents. Headquartered in the UK, the company provides complementary and value-added products and services to the apparel and footwear industries; applying innovative techniques to develop high technology performance materials threads and yarns in areas such as automotive, composites and fibre optics; and extending the crafts offer into new markets and online.

www.coats.com

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