Jeweller passes ethical criteria to join ethical investment body.
Tiffany & Co has joined the FTSE4Good Index Series, a responsible investment body.
The jewellery brand has been given the FTSE4Good approval and will now join its ranks from this month.
A release from the FTSE4Good said: “It has met the inclusion criteria including supply chain labour standards which are particularly applicable to their industry. Tiffany is a leader in developing approaches and standards in responsible jewellery sourcing.”
The organisation has strict rules about which companies can join the ranks and while it announced 21 new members in its latest review this week it also revealed at the same time that seven companies were given the boot, including toy manufacturer Mattel and drinks company Dr Pepper Snapple.
FTSE chief executive Mark Makepeace said: "Since we launched FTSE4Good over a decade ago our focus has always been the continual evolution of standards and encouraging improvements in company environmental, social and governance practices.
At this review we continue this process by raising the hurdle on supply chain labour standards."