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GreenMoney Journal - publishing since 1992
Fall 2010 issue
Socially Responsible Investing – Better Companies, Better Communities
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Global Index Takes New Name, New Components and New Family
Mark Thomsen, www.socialfunds.com
The newly re-named Dow Jones Sustainability World Index undergoes an annual review to evaluate the
sustainability performance of its component companies, and it becomes the member of a new index
family.
Dow Jones Indexes and SAM Group recently announced the results of its second annual
review of the Dow Jones Sustainability World Index (DJSI World). The DJSI World, known as the Dow
Jones Sustainability Group Index until a name change last month, is a benchmark for companies
committed to sustainable business practices. A separate announcement revealed the coming launch of
European sustainability indexes created by Dow Jones Indexes, STOXX Limited and SAM Group.
The annual review of the DJSI World is based on assessments of the 2,500 largest companies in
the Dow Jones Global Index. The assessments are carried out by the research arm of Zurich-based SAM
Group, with the objective of selecting the top 10 percent of the leading sustainability companies
in each of the Dow Jones Global Index industry groups.
The new composition of the DJSI
World will include 312 companies from 62 industries in 26 countries. This reflects an increasing
commitment to sustainability by companies in general. When the index was reconstituted a year ago,
it comprised 236 companies in 61 industries in 26 countries.
"It is encouraging to see
the progress different sectors and companies made during the last twelve months," said Ivo
Knoepfel, Head of Index Research at SAM. "The increasing level of sustainability competition
creates value for the companies and for investors."
Well-known companies that have been
added to the index include Alcoa, Inc. (AA), the world's leading producer of aluminum, and
Starbucks (SBUX), ubiquitous purveyor of high-end coffee. Among those dropped from the index
include Canadian mining company Placer Dome (PDG) and steel manufacturer Bethlehem Steel (BS). A
list of companies composing the DJSI World can be found on the Dow Jones Sustainability Indexes
website.
DJSI World products have proven to be popular with investors. The index is now
licensed by 30 financial institutions in 12 countries. "During the last twelve months we have
nearly doubled the number of asset managers that use our index for a variety of investment products
including mutal funds, equity baskets, certificates and segregated accounts," said Alexander
Barkawi, Managing Director of SAM Indexes.
Dow Jones Indexes, SAM Group and STOXX Limited
in a separate announcement said they were going to launch a new set of sustainability indexes for
European portfolios. The Dow Jones STOXX Sustainability Indexes will track leading European
companies in terms of their economic, environmental and social performance.
The new
indexes will be part of the Dow Jones Sustainability Indexes family and was introduced late 2001.
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