The Calvert Social Index is a stock market index created by the Calvert Group as a benchmark of large companies that are considered socially responsible or ethical. It currently consists of 468 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. These criteria relate to the environment, workplace issues, product safety, community relations, weapons contracting, international operations, and human rights. A comparison of three major stock indices: the NASDAQ Composite, Dow Jones Industrial Average, and S&P 500. ... Ethical investing, also known as Socially responsible investing or SRI attempts to ensure that invested funds are not used to violate the investors most basic moral values or ethical codes. ... Market capitalization, often abbreviated to market cap, is a measurement of corporate size that refers to the current stock price times the number of outstanding shares. ...
This index was created following the success of the Domini 400 Social Index by KLD Research & Analytics, Inc. The Calvert index is used by many so-called socially responsible mutual funds as a benchmark for their performance. The central idea of a mutual fund is to enable investors to pool their money and place it under professional investment management. ...