The report adds:
That does take the concepts of corporate governance, corporate social responsibility (CSR) and socially responsible investing (SRI) to a new level.
“To be included in the Dow Jones Dharma Indexes, stocks must pass a set of industry, environmental, corporate governance and qualitative screens for Dharmic compliance.
Industry screens include unacceptable sectors and business practices. Environmental screens take account of a company's impact or policies with respect to emissions, climate change and carbon footprint analysis, oil and chemical spills and waste management and recycling. Corporate Governance screens comprise the handling of labor relations/disputes/discrimination allegations, human rights violations, working conditions/wages.
Excluded from the index are companies from sectors that are deemed unacceptable due to the nature of their business activities and operations. Excluded are also companies that have exposure to unacceptable business practices. Some examples of unacceptable sectors are aerospace and defense, brewers, casinos and gaming, pharmaceuticals, tobacco. Some examples for unacceptable business practices are alcohol, adult entertainment, animal testing and genetic modification of agricultural products.”