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9 May 2008
New Social Awareness Index Started
Source: www.socialfunds.com
Credit Suisse and Innovest offer Social Awareness Index.
SocialFunds.com -- Investors have a new tool to screen for socially responsible companies with the May 1 launch of Credit Suisse''s Social Awareness Index. The list of companies was created using Innovest Strategic Value Advisors'' Global Plus Screen applied to Credit Suisse HOLT database of international companies. The Innovest screen is based on the 10 principles of the United Nations Global Compact, which cover anti-corruption, environment, human rights, and labor standards.
Credit Suisse furthermore applied factors from its HOLT database to select companies for the index, including operational quality, cash flow valuation, and market sentiment.
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