Calvert Social Index Actions
June 3, 2013// BETHESDA, MD//— Calvert’s Sustainability Research Department has submitted the following recommendation regarding action within the Calvert Social Index®. If approved, the following recommendation will be effective when the Calvert Social Index Committee convenes its quarterly meeting later this month.
Dresser-Rand Corp Group Inc. (NYSE: DRC), a company in the Calvert Social Index Universe, has recently been reviewed and now meets the Index’s standards for Environment and Workplace Safety. The company has improved disclosure of environmental and workplace safety policies, programs and performance data. If approved, the addition will take place in June 2013.
Sprint Nextel Corporation (NYSE: S), a company in the Calvert Social Index Universe, has recently been reviewed and now meets the Index’s standards for Product Marketing. The company has improved its customer service experience and remains a market leader in environmental disclosure. If approved, the addition will take place in June 2013.
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.
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.