National Oilwell Varco (NOV) Recommended for Addition to the Calvert Social Index
August 18, 2014// BETHESDA, MD// — Calvert’s Sustainability Research Department has submitted the following recommendation regarding action within the Calvert Social Index®.If approved, the recommendation will be effective when the Calvert Social Index Committee convenes its quarterly meeting in September 2014.
National Oilwell Varco (NYSE: NOV), 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 made significant improvements to its environment and workplace safety policy, program and performance disclosures. If approved, the addition will take place in September 2014.
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 all of the Index's sustainable and responsible criteria make up the Calvert Social Index.
All corportate actions and changes within the Calvert Social Index are made public only at Calvert.com: www.calvert.com/sri-index.html
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