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Domini 400 Social Index
From Wikipedia, the free encyclopedia
The Domini 400 Social Index is a stock market index created by Amy Domini and others at KLD Research & Analytics, Inc. as a benchmark of large companies that are considered socially responsible or ethical. It consists of 400 companies, weighted by market capitalization, selected from the largest, publicly traded companies in the United States using KLD's criteria. According to KLD, these criteria relate to community relations, diversity, employee relations, human rights, product quality and safety, environment and corporate governance.
This index was created in 1990 as the first index specially targeting ethical investing. The index has been credited with demonstrating that responsible corporations can be good investments. Indeed, as of 2005 the index had outperformed the S&P 500 over 15 years. Recent performance has been less competitive due in part to the growth of energy commodities.