Calvert Social Index

{{Short description|Large cap stock market index}}

The Calvert Social Index is a stock market index created by Calvert Investments as a benchmark of large companies that are considered socially responsible or ethical.{{Cite book|last=Clarke|first=Thomas|url=https://books.google.com/books?id=B8v_hDJTDOYC&q=Calvert+Social+Index&pg=PA300|title=International Corporate Governance: A Comparative Approach|publisher=Routledge|year=2007|isbn=978-1-134-35088-9|location=London and New York|pages=300|language=en}} It currently consists of 680 companies, weighted by market capitalization, selected from approximately 1,000 of the largest publicly traded companies in the United States using Calvert's social criteria.{{Cite book|last=Little|first=Ken|url=https://books.google.com/books?id=yQ0N59fv38gC&q=Calvert+Social+Index&pg=PA216|title=The Complete Idiot's Guide to Socially Responsible Investing: Put Your Money Where Your Values Are|publisher=Penguin|year=2008|isbn=978-1-4406-3650-9|location=New York|pages=216|language=en}} These criteria relate to the environment, workplace issues, product safety, community relations, weapons contracting, international operations, and human rights.{{Cite book|last1=Ali|first1=Paul A. U.|url=https://books.google.com/books?id=KbWMN4pnyzMC&q=Calvert+Social+Index&pg=PA152|title=Eco-finance: The Legal Design and Regulation of Market-based Environmental Instruments|last2=Yano|first2=Kanako|publisher=Kluwer Law International B.V.|year=2004|isbn=978-90-411-2310-7|location=The Hague, Netherlands|pages=152|language=en}}

This index was created following the success of the Domini 400 Social Index by KLD Research & Analytics, Inc. The Calvert index is used by so-called socially responsible or ESG mutual funds as a benchmark for their performance.{{Cite book|last=Keinert|first=Christina|url=https://books.google.com/books?id=de0o4XkPIYYC&q=Calvert+Social+Index&pg=PA52|title=Corporate Social Responsibility as an International Strategy|publisher=Springer Science & Business Media|year=2008|isbn=978-3-7908-2024-9|location=Heidelberg, Germany|pages=52|language=en}}