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DJSI releases SRI index review
Author: Environmental Finance, Published on: 6 September 2006
SAM Group has completed its annual review of the Dow Jones Sustainability Indexes (DJSI). The DJSI World Index, which tracks the most sustainable 10% of the 2,500 biggest companies in the world, saw 46 companies added and 36 removed. Meanwhile, 26 firms were added and 16 dropped from the European benchmark index, the 162-member DJSI STOXX. A further 17 companies have been added and 13 removed from the 112-member DJSI North America. Notable companies that have been cut from the DJSI World include Colgate-Palmolive, Motorola and Hitachi. Alexander Barkawi, managing director of SAM Indexes, said: "Due to the research process that we go through, we can't actually point to specific reasons why a specific company goes in or comes out." But he added: "Most of the deletions fell out because their peers have progressed faster than they did."