FWIW dept:
BETHESDA, Md., Nov 07, 2008 (BUSINESS WIRE) -- The Calvert Social Research Department has submitted the following recommendations regarding action within the Calvert Social Index(R). If approved, the following recommendations will be effective when the Calvert Social Index Committee convenes its quarterly meeting in December 2008.
ADDITIONS:
Johnson Controls, Inc. (JCI), a company in the Calvert Social Index Universe, has recently been reviewed and now meets Calvert's standards for workplace safety. Johnson Controls' safety policies, programs, and performance now fall in line with industry standard. Overall, Calvert believes Johnson Controls is on a trajectory toward sustainability leadership, providing products and services that will help make a cleaner environment and a more efficient society and economy. The company is committed to environmental and social responsibility excellence as a part of its overall corporate vision and strategy. If approved, the inclusion will take place in December 2008.
Harris Corporation (HRS), a company in the Calvert Social Index Universe, has recently been reviewed and no longer fails Calvert's weapons criteria. If approved, the inclusion will take place in December 2008.
DELETIONS: None
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 socially responsible companies. How is the Calvert Social Index constructed? Calvert starts by taking the 1,000 largest companies in the US, represented by stocks listed on the NYSE, NASDAQ, and AMEX (not including closed-end mutual funds, ADRs, REITS and non-common shares). Calvert's Social Research Department then analyzes each company. A social 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 social criteria make up the Calvert Social Index. |
