SAM adds 41 companies to the Dow Jones Sustainability Indexes
SAM, investment boutique focused on sustainability investing, has released today the 2012 review of the annual Dow Jones Sustainability Indexes (DJSI).
The DJSI World 2012/2013 will have 340 components as 41 companies will be added to, and 41 firms will be deleted from the index. All changes will become effective with the opening of the stock markets on September 24.
The largest additions to the DJSI world include Microsoft Corp, Canadian National Railway Co, and Target Corp, while the largest deletions are International Business Machines Corp, GlaxoSmithKline PLC, and United Technologies Corp.
The DJSI follow a best-in-class approach, including companies across all industries that outperform their peers in numerous sustainability metrics. SAM annually identifies the top company in each of the 19 supersectors derived from the 58 sectors.
Launched in 1999, the DJSI enable investors to integrate sustainability considerations into their portfolios while providing an effective engagement platform for encouraging companies to adopt sustainable best practices.
The index family has approximately $6bn in assets under management in a variety of financial products including mutual funds, separate accounts, structured products and exchange-traded funds.
“The participation rate for this year’s corporate sustainability assessment was 8.4% higher than last year. We see this as a strong signal of the increasing recognition that integrating sustainability into corporate strategies is essential to the bottom line,” said Guido Giese, head of indexes at the company.
David Blitzer, managing director and chairman of the S&P Dow Jones Index Committee, added that over the last several years, there has been a continued and growing interest in long-term oriented investment strategies that include sustainability investing.
“In this environment, the DJSI, with its long track record of evaluating the sustainability performance of some of the world’s largest companies, has become an important reference in the industry, for investors as well as for companies included in the indices,” he said.