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.
« UnitedHealth Under Fire for Stock Options