The Calvert Social Index is a
stock market index
In finance, a stock index, or stock market index, is an Index (economics), index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calcul ...
created by
Calvert Investments as a benchmark of large companies that are considered
socially responsible
Social responsibility is an ethics, ethical concept in which a person works and cooperates with other people and organizations for the benefit of the community.
An organization can demonstrate social responsibility in several ways, for instanc ...
or
ethical
Ethics is the philosophical study of moral phenomena. Also called moral philosophy, it investigates normative questions about what people ought to do or which behavior is morally right. Its main branches include normative ethics, applied e ...
. It currently consists of 680 companies, weighted by
market capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.
Market capitalization is equal to the market price per common share multiplied by ...
, selected from approximately 1,000 of the largest publicly traded companies in the
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
using Calvert's social criteria. These criteria relate to the
environment,
workplace issues,
product safety, community relations,
weapons contracting, international operations, and
human rights
Human rights are universally recognized Morality, moral principles or Social norm, norms that establish standards of human behavior and are often protected by both Municipal law, national and international laws. These rights are considered ...
.
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
Social responsibility is an ethics, ethical concept in which a person works and cooperates with other people and organizations for the benefit of the community.
An organization can demonstrate social responsibility in several ways, for instanc ...
or
ESG mutual funds
A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investmen ...
as a benchmark for their performance.
Top 10 Constituents by index weight
See also
*
FTSE4Good Index
*
MSCI KLD 400 Social Index
*
Russell 1000 Index
The Russell 1000 Index is a U.S. stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index.
, the stocks of the Russell 1000 Index had ...
References
External links
Calvert Investments: The Calvert Social IndexGreenBiz: Calvert Social Index
American stock market indices
Ethical investment stock market indices
Economy and the environment
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