Northern Trust Launches Large Cap SRI Index

November 6, 2006 ( - Northern Trust has announced that Northern Trust Global Investments (NTGI) will now offer a Socially Responsible Large Cap Equity Index strategy designed to follow the performance of the Domini 400 Social Index.

According to a press release, the Domini 400 Social Index is modeled off the S&P 500 and chooses companies based on environmental, social and corporate governance (ESG) factors.

Companies involved in gambling, nuclear power, military weapons, alcohol, tobacco, firearms are not eligible for the index. The index looks for companies with a good record in human rights, employee relations, corporate governance, environmental management and product quality and safety.

“This new strategy reflects the advances made in socially responsible investing, providing exposure to both negative and positive ESG factors without sacrificing diversification across industry sectors,” said Priya Khetarpal, product manager at NTGI, in the release. “We believe ESG research can be integrated throughout the investment process to create investment strategies that maximize investment and social returns,” she added.