Coca-Cola, Hewlett Packard and natural gas producer Encana are to be dropped from, and Societe Generale will be added to, one of the world's leading sustainability indices.
Following a corporate sustainability assessment by sustainable investing boutique SAM, 41 companies will be added to, and 23 firms will deleted from, the Dow Jones Sustainability World Index. The changes will become effective with the opening of trading on September 19, 2011.
Other major names being added to the index include Schneider Electric and Medtronic Inc.
As part of the sustainability assessment, SAM also identified the top performers in 57 “super sectors”. Coke's arch-rival PepsiCo heads up the food and beverage sector. Automaker BMW and bank Westpac were named the leaders in their respective sectors.
The full list of super sector leaders is as follows:
Automobiles & Parts: BMW AG
Banks: Westpac Banking Corp.
Basic Resources: Xstrata PLC
Chemicals: Koninklijke DSM N.V.
Construction & Materials: Hyundai Engineering & Construction Co. Ltd.
Financial Services: Itausa-Investimentos Itau S/A
Food & Beverage: PepsiCo Inc.
Healthcare: Roche Holding AG
Industrial Goods & Services: PostNL N.V.
Insurance: Swiss Re Limited
Media: Pearson PLC
Oil & Gas: Repsol YPF S.A.
Personal & Household Goods: Koninklijke Philips Electronics N.V.
Real Estate: Stockland
Retail: Lotte Shopping Co. Ltd.
Technology: Samsung Electronics Co. Ltd.
Telecommunications: KT Corp.
Travel & Leisure: Air France-KLM
Utilities: Enagas S.A.
Launched in 1999, DJSI World and its regional counterparts track the financial performance of the leading sustainability-driven companies worldwide. Today, the index family has approximately $8 billion in assets under management, according to Dow.
