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18 March 2002
Being admitted to the FTSE4Good Index is a strong endorsement of our commitment to environmental, social and ethical development.
Graham Cherry, Chief Executive of Countryside Properties PLC
Countryside Properties PLC, the developer of sustainable mixed-use and mixed-tenure projects, has today entered the FTSE4Good UK Index, the innovative socially responsible investment (SRI) index series created by global index group FTSE.
Countryside is a leading practitioner of innovative, responsible development and believes that its approach greatly assists its ability to obtain planning consent, particularly in sensitive situations. The Group's growing reputation with planning authorities in turn often leads to landowners and their advisers preferring the Group when selecting their development partner. Indeed, Countryside has secured a number of new and exciting projects in recent months on the back of its approach that will further enhance the strength and breadth of its development programme.
Commenting, Graham Cherry, Chief Executive of Countryside Properties PLC, said: "Being admitted to the FTSE4Good Index is a strong endorsement of our commitment to environmental, social and ethical development. We believe that being a socially responsible developer does add value to our business and will deliver enhanced levels of sustainable returns for shareholders.
Notes to Editors Countryside Properties PLC is one of the UK's leading residential and commercial property developers. It develops sustainable new mixed-use communities through its urban regeneration activities. Countryside's operations are primarily in the South East, but it also has growing activities in the South West and North West of England and South Wales. Based in Brentwood, Essex, the Group is listed on the London Stock Exchange.
The Group has recently published its first ever Environmental, Social and Ethical Report and will report annually to ensure it remains at the forefront of the industry in this important area. Copies of the report are available to download at www.countryside-properties.com
The FTSE4Good Index Series, launched in July 2001, is an independently researched index which measures the performance of and facilitates investment in socially responsible companies. The indices are based on internationally accepted codes of conduct and FTSE's proven and transparent index calculation methodology. The FTSE4Good selection criteria cover three areas:
- working towards environmental sustainability
- the development of positive relationships with stakeholders
- the up-holding and support of universal human rights.
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Information correct as at 18/03/2002