Calvert News & Commentary

Calvert Social Index Removes Aaron’s Inc. (AAN) and SPX Corporation (SPW)


June 23, 2014// BETHESDA, MD// —The Calvert Social Index Committee (“Index Committee”) met on June 12th 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 change to the Calvert Social Index, effective at the market open today.




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

Aaron’s Inc. (NYSE: AAN), a company in the Calvert Social Index, no longer meets the Index’s standards for governance and ethics.

SPX Corporation (NYSE: SPW), a company in the Calvert Social Index, no longer meets the Index’s standards for nuclear power.

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 all of the Index's sustainable and responsible criteria make up the Calvert Social Index.

Aall corporate actions and changes within the Calvert Social Index are made public only at

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