Conoco Named to FTSE4Good U.S. 100 Index.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--July 24, 2001 Conoco (NYSE NYSE See: New York Stock Exchange :COCA) (NYSE:COCB) has been selected for membership in the recently announced FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. 4Good U.S. 100 Index, a stock index representing the 100 largest U.S. companies with high standards of corporate social responsibility. Conoco is the only oil and gas company to make the list. "We are very proud to be recognized as a leader in corporate social responsibility," said Pogo Davis, Conoco's Manager of Sustainable Development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union . "Inclusion in the index validates the shareholder value that is inherent in Conoco's approach to sustainability." FTSE4Good is a series of indices created by FTSE, a jointly owned subsidiary of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and the Financial Times, and a world-leading expert in the creation and management of equity indexes. The FTSE4 Good series provides independent measures of social and environmental performance for the growing number of individuals, analysts and fund managers who are becoming increasingly aware of the potential links between such factors and financial performance. The criteria for inclusion in the FTSE4Good indices is based on internationally accepted codes of conduct and focus on the positive efforts of companies in the areas of environmental sustainability, social issues, stakeholder relations and human rights. Conoco issued its first sustainable growth report earlier this year to show how the company creates value for shareholders while maintaining respect for environmental and social considerations. Conoco says it has been guided by the basic tenets of sustainability for decades, as demonstrated by its commitment to core values of excellence in safety and occupational health, environmental stewardship The integration and application of environmental values into the military mission in order to sustain readiness, improve quality of life, strengthen civil relations, and preserve valuable natural resources. , valuing all people and conducting business in an ethical manner. Based on its achievements, Conoco was selected as a member of the Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Sustainability Group Index in 2000. Further, the company has been ranked first in safety in the U.S. in 16 of the past 22 years, according to data published by the American Petroleum Institute The American Petroleum Institute, commonly referred to as API, is the main U.S. trade association for the oil and natural gas industry, representing about 400 corporations involved in production, refinement, distribution, and many other aspects of the industry. (API). Conoco is a major, integrated energy company active in more than 40 countries. |
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