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Gloucestershire Business News

Mears wins FTSE rating for social responsibility

Social housing and care group, Mears, has won recognition for its outstanding environmental, social and governance practices.

The Brockworth-based group has gained a place in the FTSE4Good Index, placing it in the top nine per cent companies in the ranking.

FTSE4Good is an initiative ran by FTSE to provide an independent measure on the environmental, social and governance (ESG) practices of companies on its global index.

It was set up to cater for the growing number of investors who want access to a list of companies recognised for being involved in socially responsible investment (SRI).

Organisations hoping to be included on the list must supply robust and detailed evidence on how they fulfil the index's key indices, which focus on three areas: the environment, human rights and stakeholder relations.

Mears chief executive officer David Miles, said: "We work in some of the most socially deprived areas of the country and we feel a strong sense of responsibility towards finding ways to improve the long-term prospects of the people who live in these communities, and generally operate to high levels of corporate social responsibility. This philosophy has always been at the heart of our business.

"Our inclusion in the index gives confidence to those who work with us that corporate social responsibility is not something we simply pay lip service to, but is fundamental to everything we do."

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