BETHESDA, Md.–(BUSINESS WIRE)– The Calvert Social Index Committee (“Index Committee”) met on March 10th 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 the market opening today.
Ball Corporation (NYSE: BLL), 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 demonstrated improved disclosure and management of its environmental footprint.
Qwest Communications International, Inc. (NYSE: Q), a company in the Calvert Social Index Universe, was added to the Calvert Social Index as it now meets the Index’s standards for Governance and Ethics. The company has strengthened its governance polices and programs, and has demonstrated an improved governance performance record.
The Coca-Cola Company (NYSE: KO), a company in the Calvert Social Index Universe, was added to the Calvert Social Index as it now meets the Index’s standards for workplace and human rights. The company has implemented improved policies and programs related to human rights and labor relations, as well as those related to water stewardship and product safety. Calvert looks forward to continuing its dialogue with the company as it implements this framework for addressing the corporate responsibility and sustainability challenges it faces across its global operations, including its bottlers and suppliers.
Health Net, Inc. (NYSE: HNT), a company in the Calvert Social Index Universe, was deleted from the Calvert Social Index as it no longer meets the Index’s standards for product marketing.
Universal Health Services, Inc. (NYSE: UHS), a company in the Calvert Social Index Universe, has recently been reviewed and no longer meets the Index’s standards for Product Safety.
Wilmington Trust, Corporation (NYSE: WL), the company was deleted from the Calvert Social Index as it is no longer included in the Dow Jones Total Market Index due to capitalization.
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 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 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. (3/11, 11027)
Melinda Lovins, 301-657-7089
View this news release online at: