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Coats enters FTSE4Good Index

  • 24 Jul 2018

Coats, the world’s leading industrial thread manufacturer and a major player in the Americas textile crafts market, has entered the FTSE4Good UK Index.

The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices which are clearly defined and transparently managed. It is used to create financial products which focus on sustainable investment as well as for benchmarking, research and reference.

Rajiv Sharma, Group Chief Executive, Coats said: ‘At Coats responsible business practice is at the core of everything that we do. Entering the FTSE4Good Index is recognition of the values and actions of all our 19,000 employees across the world to support our foundations of compliance and sustainability.’

FTSE4Good_CoatsCoats scored especially highly on the metrics around governance, particularly corporate governance and anti-corruption.

Coats’ entry to the FTSE4Good Index also comes after its entry to the unrelated MSCI Global Small Cap Index in May. In addition, in June Coats marked the one year anniversary of its re-entry to the FTSE 250, having been a founding member of the FT 30 index in 1935.

For more information contact:
Kristina Blissett, Head of Group Communications
kristina.blissett@coats.com
T +44 (0)208 210 5084, M +44 (0)7714 539887

For more information on FTSE4Good go to www.ftse.com/products/indices/FTSE4Good

Notes to Editors

About Coats

Coats is the world’s leading industrial thread manufacturer and a major player in the Americas textile crafts market. At home in some 50 countries, Coats employs 19,000 people across six continents. Revenues in 2017 were US$1.5bn.

Coats’ pioneering history and innovative culture ensure the company leads the way around the world: providing complementary and value added products and services to the apparel and footwear industries; applying innovative techniques to develop high technology Performance Materials threads and yarns in areas such as automotive, composites and fibre optics; and extending the crafts offer into new markets and online.

Headquartered in the UK, Coats is a FTSE 250 listed company on the London Stock Exchange.  It is the Official Thread Supplier to the Royal Shakespeare Company.

  • Each year we make enough thread to go into 8 billion pairs of jeans - that’s one for every person on the planet
  • Every month Coats produces enough thread to stretch all the way to the sun
  • More than 450 million pairs of shoes are made every year using Coats’ thread
  • More than 100 million car airbags are made using Coats’ Performance Materials thread every year
  • In 1879 Thomas Edison used Coats’ thread in his experiments to invent the light bulb
  • Our Red Heart knitting and crochet yarn brand has been named ‘America’s Most Recommended’ by the Women’s Choice Award for three years running
  • Our flame retardant Performance Materials threads can withstand temperatures as high as 1,000 degrees Celsius

To find out more about Coats visit www.coats.com 

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