SMITHFIELD, Va. -- Smithfield Foods Inc. has been named to the FTSE Group's prestigious FTSE4Good Global Index Series, which is limited to companies demonstrating globally recognized corporate responsibility standards.

The FTSE Group, owned by The Financial Times and the London Stock Exchange, is the award-winning global index company that creates and manages international indexes and associated data services. In 2005, it launched the FTSE4Good index series, which provides responsible investors and asset managers with a socially responsible investment (SRI) benchmark.

In order to qualify for the FTSE4Good Index, eligible companies must meet criteria requirements in five areas: working toward environmental sustainability; developing positive relationships with stakeholders; upholding and supporting universal human rights; ensuring good supply chain labor standards; and countering bribery.

"This is a tremendous honor for Smithfield Foods, and is a reflection of the hard work and dedication of our employees," said Dennis H. Treacy, vice president, environmental and corporate affairs for Smithfield Foods. "FTSE's ranking of Smithfield Foods as a socially responsible company is a fitting testament to the integrity and ethics of our management team and each and every one of our employees."

"The FTSE4Good index is a driving force in encouraging companies globally to be more aware of criteria used for SRI," said Mark Makepeace, chief executive, FTSE Group. "We are committed to working with investors, companies and other interested parties to develop and encourage corporate responsible behavior that enhances shareholder value."

In 2005, Smithfield Foods became the first company in its industry to achieve the prestigious ISO 14001 certification of its Environmental Management System (EMS) for all U.S. hog production facilities and all pork and beef processing facilities, except for recent acquisitions. ISO certification means that Smithfield is meeting a stringent set of internationally respected environmental management standards.

With sales of $11 billion, Smithfield Foods is the leading processor and marketer of fresh pork and processed meats in the United States, as well as the largest producer of hogs.

SOURCE: Smithfield Foods Inc. via PR Newswire.