FUNDING Circle has been added to the FTSE4Good Index Series, which recognises companies with high standards of corporate governance.
The FTSE4Good Index Series, which is managed by the global index and data provider FTSE Russell, provides investors with a transparent benchmark to measure good corporate environmental, sustainability and governance (ESG) practices.
The index is used by investors to create and assess responsible investment funds and other products.
The peer-to-peer business lender said that it ranked in the top third of all technology businesses in terms of overall ESG standards and scored especially high in areas of corporate governance.
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“We’re pleased to have been selected for inclusion in the FTSE4Good Index Series,” Samir Desai, co-founder and chief executive of Funding Circle, said.
“A core part of our mission is to give investors and borrowers a better deal, and doing business responsibly is at the heart of everything we do.”
Funding Circle said that it was founded in 2010 as a response to poor behaviours and customer outcomes in traditional financial services, opening up the small business loans asset class to a diverse range of investors for the first time.