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The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and CRD Analytics announced today the results of the semi-annual re-ranking of the NASDAQ OMX CRD Global Sustainability Index (Nasdaq:QCRD), which will become effective prior to market open on Monday, November 18, 2013.
The following six securities will be added to the Index: Baker Hughes Incorporated (NYSE:BHI), CSX Corporation (NYSE:CSX), Mohawk Industries, Inc. (NYSE:MHK), ArcelorMittal (NYSE:MT), Spectra Energy Corp (NYSE:SE) and Union Pacific Corporation (NYSE:UNP).
The NASDAQ OMX CRD Global Sustainability Index (Nasdaq:QCRD) is an equally weighted equity index that serves as a benchmark for stocks of companies that are taking a leadership role in sustainability performance reporting and are traded on a major US stock exchange. The Index is made up of companies that have taken a leadership role in disclosing their carbon footprint, energy usage, water consumption, hazardous and non-hazardous waste, employee safety, workforce diversity, management composition and community investing. These are companies that are voluntarily disclosing their current environmental, social and governance risks as well as their revenue opportunities and how it will affect future performance according to the Global Reporting Initiative G3.1/G4 Guidelines. The securities must also meet other eligibility criteria which include minimum requirements for market value, average daily share volume, and price. The Index is evaluated on a semi-annual basis in May and November. For more information about the NASDAQ OMX CRD Global Sustainability Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
As a result of the re-ranking, the following six securities will be removed from the Index: Campbell Soup Company (NYSE:CPB), Nokia Corporation (NYSE:NOK), Orange (NYSE:ORAN), PepsiCo, Inc. (NYSE:PEP), Telefónica, S.A. (NYSE:TEF) and Vodafone Group Plc (Nasdaq:VOD).
