BETHESDA, Md.–(BUSINESS WIRE)– The Calvert Social Index Committee (“Index Committee”) met on December 9th 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 additions and deletions to the Calvert Social Index, effective at market close today.
ADDITIONS:
JB Hunt Transport Services, Inc. (NASDAQ: JBHT), a company in the Calvert Social Index Universe, was added to the Calvert Social Index as it now meets that Index’s standards for environment. The company has strengthened its commitment to the environment through the adoption and disclosure of additional programs.
Darden Restaurants, Inc. (NYSE: DRI), a company in the Calvert Social Index Universe, was added to the Calvert Social Index as it now meets the Index’s sustainability standards. The company has disclosed an animal welfare policy and has asked suppliers to adopt more humane practices.
Landstar System, Inc. (NASDAQ: LSTR), a company in the Calvert Social Index Universe, was added to the Calvert Social Index as it now meets the Index’s standards for environment. The company has strengthened its commitment to the environment through the adoption and disclosure of additional programs and systems.
Safeway, Inc. (NYSE: SWY), a company in the Calvert Social Index Universe, was added to the Calvert Social Index as it now meets the Index’s sustainability standards. The company has demonstrated improved relations with its employees and unions.
DELETIONS:
Forest Laboratories Inc (NYSE: FRX), a company in the Calvert Social Index, was deleted from the Calvert Social Index as it no longer meets the Index’s standards for Product Marketing.
To see all corporate actions on components of the Calvert Social Index, go to http://www.calvert.com/sri-index.html.
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 U.S.-based sustainable and responsible companies.
How is the Calvert Social Index constructed?
Calvert starts by taking the 1,000 largest companies in the U.S., 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.
For more information on any Calvert fund, please contact Calvert at 800.368.2748 for a free summary prospectus and or/prospectus. An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing. The summary prospectus and prospectus contain this and other information. Read them carefully before you invest or send money.
Calvert mutual funds are underwritten and distributed by Calvert Distributors Inc., member FINRA, and subsidiary of Calvert Group, Ltd. (12/10, 10763)
Contacts
Calvert
Melinda Lovins, 301-657-7089
[email protected]
Source: Calvert
View this news release online at:
http://www.businesswire.com/news/home/20101217005632/en