Industrial thread maker Coats has entered the FTSE4Good UK Index for its work on corporate governance and anti-corruption.

The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices that 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.

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

"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," said Rajiv Sharma, group chief executive.

The move follows the company's entry to the unrelated MSCI Global Small Cap Index in May. And 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.