BETHESDA, Md., Mar. 24 /CSRwire/ - The Calvert Social Index Committee ("Index Committee") met on December 13th 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 company was added to the Calvert Social Index as it now qualified for inclusion under the Calvert Social Index’s Sustainability Criteria:
Rock-Tenn Company (NYSE: RKT). The company has demonstrated improved performance and management of its environmental impacts.
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.
Effective April 30, 2014, all corporate actions and changes within the Calvert Social Index will be made public only at Calvert.com: www.calvert.com/sri-index.html
For more information, please contact: