Submitted by: Calvert
Posted: Apr 28, 2014 – 11:48 AM EST
BETHESDA, Md., Apr. 28 /CSRwire/ - 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 June 2014.
SPX Corporation (NYSE: SPW), a company in the Calvert Social Index, has recently been reviewed and no longer meets the Index’s standards for nuclear power. If approved, the deletion will take place in June 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.
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
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