Calvert  News & Commentary

Calvert Social Index Quarterly Adjustments


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March 19, 2013// BETHESDA, MD// — The Calvert Social Index Committee (“Index Committee”) met on March 7th to review and approve changes to the Calvert Social Index®. The Index Committee meets quarterly to review the component companies of the Index for corporate actions (e.g., spin–offs, mergers and acquisitions, bankruptcy) and for the recommendations made by the Calvert Sustainability Research Department that may affect their eligibility for the Index. The Index Committee has reviewed and approved the following additions and deletions to the Calvert Social Index, effective at the market open on Monday, March 18.


The following companies were added to the Calvert Social Index as they now qualify for inclusion under the Calvert Social Index’s Sustainability Criteria:

American Water Works Co., Inc. (NYSE: AWK). The company has demonstrated improvements in its disclosure regarding key environmental and safety indicators.

Walt Disney Company (NYSE: DIS). The company has demonstrated improved performance and management of employee health and safety risks. 

McDonald’s Corp (NYSE: MCD). The company has implemented improved policies and programs related to human rights and labor relations.  


The following companies were deleted from the Calvert Social Index as they no longer qualify for inclusion under Calvert Social Index’s Sustainability Criteria:

Core Laboratories N.V. (NYSE: CLB). The company no longer meets the Index's standards for environment and workplace safety.

Spirit AeroSystems Holdings, Inc. (NYSE: SPR). The company no longer meets the Index’s standards for gambling. 

Monster Beverage Corp (NASDAQ: MNST). The company no longer meets the Index’s standards for product marketing.

See all corporate actions on components of the Calvert Social Index here.

What is the Calvert Social Index?

Calvert, a leader in sustainable and responsible investing, has created the Calvert Social Index, a broad-based, rigorously constructed benchmark for measuring the performance of US-based sustainable and responsible companies.

How is the Calvert Social Index constructed?

Calvert starts by taking the 1,000 largest companies in the US, based on total market capitalization, included in the Dow Jones Total Market Index (the “Dow Jones TMI”). The Dow Jones TMI represents the top 95% of U.S. companies based on float-adjusted market capitalization, excluding the very smallest and least–liquid stocks. Calvert's Sustainability Research Department then analyzes each company. A sustainability audit is conducted in the following areas: governance and ethics; environment; workplace; product safety and impact; community relations; international operations and human rights; and indigenous peoples’ rights. The stocks that meet Calvert’s sustainable and responsible criteria make up the Calvert Social Index.

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