Nasdaq Sustainability Index: Which Companies Are In/Out?
The Nasdaq OMX Group and CRD Analytics have announced the results of the semi-annual re-ranking of the Nasdaq OMX CRD Global Sustainability Index.
The following nine securities will be added to the Index: Adobe Systems, Autodesk, Campbell Soup Company, Consolidated Edison, DirecTV, FedEx, NRG Energy, Tesla Motors and Verizon.
As a result of the re-ranking, the following nine securities will be removed from the Index: Hess, Exxon Mobil, Royal Dutch Shell, Statoil ASA, ENI, Rio Tinto, Vale SA, NetApp and Petroleo Brasileiro SA Petrobras.
The Nasdaq OMX CRD Global Sustainability Index is an equally weighted equity index that serves as a benchmark for stocks of companies that are taking a leadership role in sustainability reporting and are traded on a major US stock exchange. The Index is made up of companies that have taken a leadership role in disclosing their carbon footprint, energy usage, water consumption, hazardous and non-hazardous waste, employee safety, workforce diversity, management composition and community investing.
These are companies that are voluntarily disclosing their current environmental, social and governance risks as well as their revenue opportunities and how it will affect future performance according to the Global Reporting Initiative G3.1/G4 Guidelines.
The Index is evaluated on a semi-annual basis in May and November.
Last September the Dow Jones Sustainability Indices World added new companies including Amgen, Commonwealth Bank of Australia and GlaxoSmithKline. Meanwhile Bank of America, General Electric, McDonald’s, Starbucks and Nike are among the companies to get cut from the 2014 DJSI World. These companies did, however, make the North American Index.
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