Index provider S&P Dow Jones Indices (S&P DJI) announced a series of additions and deletions to the S&P 500 ESG Index as part of its April rebalancing. New additions to the index include Tesla, Walmart and Dollar Tree. Removals include Facebook, Costco and Wells Fargo.
The S&P 500 ESG Index is a broad-based, market-cap-weighted index that is designed to measure the performance of securities meeting sustainability criteria, while maintaining similar overall industry group weights as the ubiquitous S&P 500 Index. Constituents for the indices are selected using S&P DJI ESG Scores, derived from an annual Corporate Sustainability Assessment (CSA). The index also applies screens and exclusions for involvement in certain business activities, such as controversial weapons or thermal coal extraction, or for companies not aligned with the principles of the UN’s Global Compact (UNGC).
The index is rebalanced annually, effective after the close of the last business day of April. See below for a list of additions and removals.
Additions: Albemarle Corp, Amphenol Corp A, Analog Devices Inc, Applied Materials Inc, Arthur J. Gallagher & Co, Bio-Rad Laboratories Inc A, Booking Holdings Inc, Carmax Inc, Charter Communications Inc A, Devon Energy Corp, Discovery, Inc A, Discovery, Inc C, Dollar Tree Inc, Dow Inc, Etsy, Inc., Extra Space Storage Inc, Fifth Third Bancorp, FirstEnergy Corp, Ford Motor Co, Hologic Inc, Ingersoll Rand Inc., Interpublic Group Cos, KeyCorp, Leidos Holdings Inc, Live Nation Entertainment Inc., Marathon Petroleum Corp., Marriott Intl A, News Corp A, News Corp B, Omnicom Group, Oracle Corp, Pioneer Natural Resources, Progressive Corp, Realty Income Corp, Regions Financial Corp, Robert Half Intl Inc, Tesla, Inc, The Williams Companies Inc, TransDigm Group, Trimble Inc, Viatris Inc, Walmart Inc., Walt Disney Co,West Pharmaceutical Services Inc.,Zebra Technologies Corp.
Removals: A.O. Smith Corp, Alexandria Real Estate Eqty, Allegion plc, American Intl Group Inc, Aon plc, Atmos Energy Corp, Baker Hughes Company, Centerpoint Energy Inc, Costco Wholesale Corp, Expeditors Intl of WA Inc, Facebook Inc A, Fortune Brands Home & Security Inc, L Brands Inc, Lumen Technologies, Inc., Marathon Oil Corp, Nucor Corp, Packaging Corp of America, Sealed Air Corp, UDR Inc, Vulcan Materials Co, Wells Fargo & Co.