Calvert Social Index Quarterly Adjustments
June 24, 2013// BETHESDA, MD// — The Calvert Social Index Committee (“Index Committee”) met on June 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 to the Calvert Social Index, effective at the market open today.
The following companies were added to the Calvert Social Index as they now qualify for inclusion under the Calvert Social Index’s Sustainability Criteria:
Dresser-Rand Corp Group Inc. (NYSE: DRC). The company has improved disclosure of environmental and workplace safety policies, programs and performance data.
MSCI Inc. (NYSE: MSCI). The company has evidence of adequate governance policies and procedures.
Sprint Nextel Corporation (NYSE: S). The company has improved its customer service experience and remains a market leader in environmental disclosure.
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.
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