The first major review of the FTSE4Good selection criteria took place in May 2002. As a result the ground rules are being updated starting with the environmental criteria.
This is the timetable:
September 2002: All companies in the indices receive environmental impact grading of High, Medium, Low depending on business type.
March 2003: All Medium and Low impact companies must have a publicly available environmental policy
September 2003: All Medium impact companies must provide evidence of an environmental management system.
New entrants to the indices are required to fulfil the full set of criteria by September 2002.