New S&P India Index Meets Socially Responsible Investing Standards

January 31, 2008 (PLANSPONSOR.com) - Standard & Poor's, CRISIL and KLD Research & Analytics, a social and environmental research firm, have announced the launch of the S&P ESG India Index.

The S&P ESG India Index is made up of companies whose business strategies and performance demonstrate a high level of commitment to meeting environmental, social, and governance (ESG) standards.

Initiated and sponsored by the International Finance Corporation (IFC), a member of the World Bank group, it comprises 50 Indian companies that meet certain ESG criteria and have been drawn through a two-stage screening process from the largest 500 companies listed on the National Stock Exchange of India.

According to the announcement, the index will provide a model for the launch of similar indexes in other emerging markets.

The S&P ESG India Index will be maintained by India Index Services Ltd., a joint venture between CRISIL and the National Stock Exchange of India.

A detailed methodology and fact sheet on the S&P ESG India Index are available at  www.standardandpoors.com/indices .

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