Calvert Social Index Explained
The Calvert Social Index is a stock market index created by Calvert Investments as a benchmark of large companies that are considered socially responsible or ethical.[1] It currently consists of 680 companies, weighted by market capitalization, selected from approximately 1,000 of the largest publicly traded companies in the United States using Calvert's social criteria.[2] These criteria relate to the environment, workplace issues, product safety, community relations, weapons contracting, international operations, and human rights.[3]
This index was created following the success of the Domini 400 Social Index by KLD Research & Analytics, Inc. The Calvert index is used by so-called socially responsible or ESG mutual funds as a benchmark for their performance.[4]
See also
References
- Book: Clarke, Thomas. International Corporate Governance: A Comparative Approach. Routledge. 2007. 978-1-134-35088-9. London and New York. 300. en.
- Book: Little, Ken. The Complete Idiot's Guide to Socially Responsible Investing: Put Your Money Where Your Values Are. Penguin. 2008. 978-1-4406-3650-9. New York. 216. en.
- Book: Ali. Paul A. U.. Eco-finance: The Legal Design and Regulation of Market-based Environmental Instruments. Yano. Kanako. Kluwer Law International B.V.. 2004. 978-90-411-2310-7. The Hague, Netherlands. 152. en.
- Book: Keinert, Christina. Corporate Social Responsibility as an International Strategy. Springer Science & Business Media. 2008. 978-3-7908-2024-9. Heidelberg, Germany. 52. en.
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