Press release:
Kingfisher ranked fourth in the Observer Good Companies Guide
31 August 2007
Kingfisher has been ranked fourth in the Observer Good Companies Guide - with an overall score of 86.85 out of 100. The Guide identifies the best 20 firms in the FTSE350 index and is designed to help private investors who wish to put their money into companies making a positive contribution to society. Kingfisher was the highest scoring retail business.
The Guide, researched by Co-operative Investments, ranked companies according to a range of social, environmental and corporate governance criteria. It specifically looked at three areas - how companies report on their risks and manage their impacts (40%), the quality of their corporate governance (30%) and how they address issues specific to their sector (30%).
The Observer article stated: ‘Retailers all fly the green flag these days, but CSR veteran Kingfisher came out on top in this field, and was placed in fourth position overall. The B&Q owner's CSR agenda includes using sustainable timber and employing older workers.'
