The NASDAQ OMX Group, Inc. and CRD Analytics announced yesterday the expansion of the Global Sustainability 50 Index, as well as the name change to NASDAQ OMX CRD Global Sustainability Index. The Index 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 U.S. stock exchange, according to NASDAQ and CRD.

These companies are voluntarily disclosing performance information on ESG issues, as well as revenue opportunities and how it affects future performance. The companies 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, and some of the companies being added are:

  • Cisco Systems
  • Microsoft
  • GE
  • Nike
  • Pepsi
  • Kimberly-Clark
  • Medtronic
  • General Mills
  • Chevron
  • Pfizer

As a result of the re-ranking, Merck & Company Inc will be removed from the Index as it didn’t provide full ESG data for 2009 per the SmartView index methodology.

To see a full list of companies on the Index please click here. For more detailed information on the Index and its criteria, please click here. To read the full press release please click here.

What do you think about the expansion? Do you think it helps or hinders the credibility of it? Do you think adding 50 more companies takes the prestige away from the original 50? Discuss!