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Global Philanthropy
by Miche on September 24, 2007

Recently 42 companies were added and 24 were removed. Half the removed companies (mostly financial institutions) failed on environmental issues, a quarter (including Honda and Toyota) didn't quite cut it on human rights, and the final quarter (mostly Japanese companies) failed on countering bribery, and two retailers (J C Penney and Target) fell short on supply chain labor standards, with a few companies failing on more than one set of criteria.
However, one company that has been under fire relating to a freedom to unionize, Smithfield Foods, was not deleted. Human Rights Watch (HRW) sent FTSE CEO Mark Makepeace a letter on the matter, requesting the company be removed, Mark Makepeace wrote back[pdf] that same day, and then HRW replied.
In short, Smithfield Foods recently put into place a new policy which would "make peace" with some of the disputed claims, and FTSE is giving the company a shot at proving themselves. Smithfield Foods will be reviewed again early next year during FTSE's semi-annual rounds - nevertheless, HRW doesn't seem pleased with that decision.
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