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ISIS report puts the spotlight on labour standards of leading technology companies

19 January 2004

ISIS Asset Management plc
Press Release

ISIS Asset Management, a leading socially responsible investment specialist, has today published the first ever investor-led report into the management of social and environmental issues in the supply and disposal chains of Information and Communication Technology (ICT) companies.

The study, which is global in its coverage, focused on hardware providers, i.e. manufacturers of computers, handsets and consumer electronics. Eleven leading companies (Canon, Dell, Electrolux, Hewlett Packard, IBM, Motorola, Nokia, Philips, Sharp, Siemens and Sony) were benchmarked against a set of criteria, including policies, lines of accountability and monitoring processes, to determine how effectively they address the social and environmental risks inherent to their supply chains.

The ISIS study highlights how poor performance on social and environmental issues has the potential to impact the bottom line and the dual pressures faced by companies trying to both cut costs and improve standards of governance and corporate responsibility.

A key conclusion of the study was that whilst ICT companies often have a strong track record in dealing with environmental issues, their tackling of labour standards lags significantly behind.

ISIS Asset Management is Authorised and regulated by the Financial Services Authority (FSA).  All sources are taken from ISIS Asset Management.  www.isisam.com

040119isis_press_release.doc

040119_isis_report.pdf