Domini Social Index 400

(redirected from Domini 400)

Domini Social Index 400

An index tracking 400 publicly-traded companies in the United States known for socially responsible investing. The index excludes companies that produce alcohol, tobacco, weapons, nuclear power, and other controversial products. The Domini 400 includes around 250 companies on the S&P 500 and other companies known for sustainable business practices. It was launched in 1990 and is weighted for market capitalization. See also: Ethical investing, Green fund, Islamic finance.

Domini Social Index 400.

The Domini Social Index 400 is a market capitalization weighted index that tracks the performance of companies that meet a wide range of social and environmental standards.

For instance, the index screens out companies that manufacture or promote alcohol, tobacco, gambling, weapons, and nuclear power. It includes others that have outstanding records of social responsibility.

About half the stocks included in the Standard & Poor's 500 Index (S&P 500), on which the Domini Index is modeled, make the cut, including giants like Microsoft and Coca-Cola. The other stocks are selected based on the industries they represent and their reputations for socially conscious business practices.

The index is considered a benchmark for measuring the effect that selecting socially responsible stocks has on a financial portfolio's performance. This practice is also called social screening.

References in periodicals archive ?
The Domini 400 index of socially responsible companies has outpaced the S&P 500 over the past 10 years, gaining 13.
Whirlpool Corporation also is included in the Dow Jones Sustainability, FTSE4Good and the KLD Domini 400 Social and Global Sustainability Indexes.
To wit, Green Century offers both an Equity Fund, which tracks the MSCI KLD 400 Social Index (an index of 400 socially responsible stock holdings small and large, formerly known as the Domini 400 Social Index) as well as a Balanced Fund comprised of not only stocks but also bonds in order to lessen volatility.
Granite Construction Incorporated is a member of the S&P 400 Index, Russell 2000 and the Domini 400 Social Index and is the parent company of Granite Construction Company, one of the nation's largest heavy civil contractors and construction materials producers.
The 10 indexes include the Domini 400 Social Index, a market capitalization-weighted common stock index, which monitors the performance of 400 U.
He notes that it helped create organizations such as KLD Research & Analytics, the social research firm in Boston that developed the Domini 400 Index, and the Investor Responsibility Research Center (IRRC) as information providers.
ProLogis also is a proud member of several KLD Indexes, including the Domini 400 Social Index, KLD Large Cap Social Index and KLD Dividend Achievers Social Index, as well as other socially responsible indexes that KLD Analytics advises.
The company's commitment to sustainability has earned it industry and community recognition around the world, and it is listed on the Dow Jones Sustainability World Index and the Domini 400 Social Index.
In addition to being included in the Dow Jones Sustainability Index, the company is included in the FTSE4Good and the KLD Domini 400 Social and Global Sustainability Indexes.
Granite Construction Incorporated is a member of the S&P 400 Midcap Index, the Domini 400 Social Index and the Russell 2000 Index.
Despite the positive evaluations by the rating agencies, one benchmark, the Domini 400 Social Index, underperformed the S&P 500 in 2000 for the first time in five years.
Wal-Mart, for example, was recently excluded from the Domini 400 Social Index by KLD & Co.