Calvert Social Index Actions

Ethical Markets SRI/ESG News

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 December 2010.

ADDITIONS:

Darden Restaurants, Inc. (NYSE:DRI), a company in the Calvert Social Index Universe, has recently been reviewed and now meets the Index’s sustainability standards. The company has disclosed an animal welfare policy and has asked suppliers to adopt more humane practices. If approved, the addition will take place in December 2010.

Safeway, Inc. (NYSE:SWY), a company in the Calvert Social Index Universe, has recently been reviewed and now meets the Index’s sustainability standards. The company has demonstrated improved relations with its employees and unions. If approved, the addition will take place in December 2010.

DELETIONS:

Forest Laboratories Inc (NYSE:FRX), a company in the Calvert Social Index, has recently been reviewed and no longer meets the Index’s standards for Product Marketing. If approved, the deletion will take place in December 2010.

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.