Calvert Social Index Actions

Business for Democracy and ASBC Lead Effort to Overturn Citizens United v. FEC

The Business for Democracy Campaign, which the American Sustainable Business Council is spearheading in partnership with Free Speech for People is tackling the compelling issue of corporate contributions to political campaigns.

The U.S. Supreme Court’s Citizens United v. FEC decision on January 21, 2010 allows corporations to spend unlimited funds to support or oppose candidates for political office, overturning campaign finance laws in place for decades. The Business for Democracy campaign is an initiative of business leaders and their companies who believe this ruling is in direct conflict with American democratic principles and a serious threat to good government. The campaign supports the four members of the Supreme Court and the 80 percent of Americans who disagree with the decision (Washington Post poll, Feb. 17, 2010).

If you'd like your business to join this effort, you can sign the statement of support here or here.

Calvert Social Index Actions

Posted May 22, 2009
BETHESDA, Md.–(BUSINESS WIRE)– Calvert’s Sustainability Research Department has submitted the following recommendations regarding action within the Calvert Social Index®. If approved, the following recommendations will be effective when the Calvert Social Index Committee convenes its quarterly meeting in June 2009.

ADDITIONS:

CA, Inc. (NASDAQ: CA), a company in the Calvert Social Index Universe, has recently been reviewed and now meets the Index’s governance criteria. CA has addressed significant weaknesses in the company’s management and internal controls by implementing substantial changes that demonstrate the company’s commitment to a strengthened governance structure. If approved, the inclusion will take place in June 2009.

Rockwell Collins, Inc. (NYSE: COL), a company in the Calvert Social Index Universe, has recently been reviewed and now meets the Index’s standards for weapons due to its divestment of Rockwell Scientific. If approved, the inclusion will take place in June 2009.

DELETIONS:

Weyerhaeuser Company (NYSE: WY), a company in the Calvert Social Index, has recently been reviewed and no longer meets the Index’s standards for Indigenous Peoples’ Rights. If approved, the deletion will take place in June 2009.

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 the Index’s sustainable and responsible criteria make up the Calvert Social Index.

For information on any Calvert fund, please contact Calvert at 800.368.2748 for a free prospectus. An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing. The prospectus contains this and other information. Read it carefully before you invest or send money.

Calvert mutual funds are underwritten and distributed by Calvert Distributors, Inc., member FINRA, and a subsidiary of Calvert Group, Ltd. (5/09, 9038)