DJSI 2015
Review Results
September 2015
Content
• Key Facts
• Assessment 2015
• Overview of global and regional review results
• Additional Resources
2
Key Facts – Dow Jones Sustainability Indices (DJSI)
Overview
•
Cooperation with S&P Dow Jones Indices for the publication and licensing of the
DJSI.
•
Launched in 1999, the DJSI were the first global indices tracking the financial
performance of leading sustainability-driven companies worldwide.
•
Integrated assessment of economic, environmental and social criteria with a strong
focus on long-term shareholder value.
•
Rules-based methodology and use of primary research.
•
Focus on best-in-class companies. Yearly review of component selection and
continuous monitoring of companies.
•
Broad family of global, regional and country DJSI benchmarks.
•
Assurance of the assessment process by Deloitte.
•
Local partnership with Korea Productivity Centre (KPC).
3
Assessment 2015 – Universe
Number of invited companies
Total number of invited companies = 3,470
• DJSI World Universe = 2,500
• DJSI Europe Universe = 600
• DJSI North America Universe = 600
• DJSI Asia Pacific Universe = 600
• DJSI Emerging Markets Universe = 800
• DJSI Korea Universe = 200
• DJSI Australia Universe = 200
Number of assessed companies
Total number of companies analyzed = 1,845
Completed questionnaires = 864
Completed assessments based exclusively on public information = 981
Source: RobecoSAM
4
Assessment 2015 – Assessment Criteria Changes
Criteria
Key changes compared to 2014
Corporate
Governance
Corporate governance systems ensure that a company is managed in the interests of
shareholders (including minority shareholders). On the one hand, this includes checks and
balances that enable the Board of Directors to have appropriate control and oversight
responsibilities. On the other hand, management incentives have to be set in such way that
management teams’ interests are aligned with those of shareholders’. RobecoSAM believes
the changes in this criterion better balance board structure and management incentive
related topics.
Risk & Crisis
Management
The revamp of RobecoSAM’s Risk & Crisis Management criterion seeks to align the Risk &
Crisis Management methodology across all industries with a focus on Risk Governance, the
identification of Emerging Risks, and the Risk Culture within the organization.
Customer
Relationship
Management
Similar to the changes in Risk & Crisis Management, RobecoSAM has adjusted the Customer
Relationship Management criterion for the 2015 Assessment to be better aligned between
industries. Additionally, the criterion was updated to meet the increasing management of
customers online.
Environmental
Policy/
Management
System
Companies are increasingly facing constraints related to natural resources globally and to the
eco-system services provided by the regions in which they operate. A strong environmental
policy and management system (EMS) is needed to ensure the company improves its
environmental performance, reducing raw material consumption and preventing degradation
of the environment through waste and accidents. With two new questions («Return on
Environmental Investments» and «Environmental Violations»), RobecoSAM is shifting its
focus in this criterion towards the measurement of performance of environmental
management systems.
5
DJSI Selection Rules
1. Eligibility: Companies are only eligible for selection if their score is at least 40%
of the highest score within the respective index universe.
2. Best-in-class selection*: Select 10% best companies per industry for World
(20% for World Enlarged/regional indices, 30% for country indices, 10% for
Emerging Markets).
3. Error margin: Select companies outside the best-in-class interval if they are
within an absolute 0.3 score distance of the last company selected in the
respective industry in step 2.
4. Buffer rule: Select existing components if they are within the top 15% of their
industry for World (30% for World Enlarged/regional indices, 45% for country
indices, 15% for Emerging Markets).
* Industries may be merged to ensure that at least one company can be selected at the best-in-class level
(provided it passes the eligibility criteria).
Source: RobecoSAM
6
Assessment 2015 – Industry Group Leaders (1)
As of September 21, 2015
Automobiles & Components
Volkswagen AG
Germany
Banks
Westpac Banking Corp
Australia
Capital Goods
CNH Industrial NV
United Kingdom
Commercial & Professional Services
SGS SA
Switzerland
Consumer Durables & Apparel
LG Electronics Inc
Republic of Korea
Consumer Services
Sodexo
France
Diversified Financials
UBS Group AG
Switzerland
Energy
Thai Oil PCL
Thailand
Food & Staples Retailing
METRO AG
Germany
Food, Beverage & Tobacco
Unilever NV
Netherlands
Health Care Equipment & Services
Abbott Laboratories
United States
Household & Personal Products
Kao Corp
Japan
Source: RobecoSAM
7
Assessment 2015 – Industry Group Leaders (2)
As of September 21, 2015
Insurance
Swiss Re AG
Switzerland
Materials
Akzo Nobel NV
Netherlands
Media
Telenet Group Holding NV
Belgium
Pharmaceuticals, Biotechnology & Life
Roche Holding AG
Sciences
Switzerland
Real Estate
Stockland
Australia
Retailing
Lotte Shopping Co Ltd
Republic of Korea
Semiconductors & Semiconductor
Equipment
Taiwan Semiconductor
Manufacturing Co Ltd
Taiwan
Software & Services
Fujitsu Ltd
Japan
Technology Hardware & Equipment
Alcatel-Lucent
France
Transportation
Air France-KLM
France
Telecommunications
KT Corp
Republic of Korea
Utilities
Gas Natural SDG SA
Spain
Source: RobecoSAM
8
Assessment 2015 – DJSI Overview
Index
Number of
Components
Weighted by
Free-float market cap Sustainability Score
DJSI World
DJSI World Developed
DJSI World 80
DJSI World ex US 80
317
284
80
80


DJSI Asia Pacific
DJSI Asia Pacific 40
DJSI Japan 40
145
40
40

92

DJSI Europe
DJSI Eurozone
DJSI Europe 40
DJSI Eurozone 40
161
88
40
40


DJSI North America
DJSI United States
DJSI North America 40
DJSI United States 40
145
125
40
40


DJSI Australia
45

DJSI Korea
DJSI Korea 20
52
20

598
35


DJSI Emerging Markets
DJSI World Enlarged
DJSI Nordic
As of 21 September 2015









9
DJSI World – Index Range
As of September 21, 2015
DJSI World
317 Components
DJSI World ex Tobacco
316 Components
DJSI World ex Gambling
302 Components
DJSI World ex Alcohol, Tobacco, Gambling, Armaments & Firearms
275 Components
DJSI World ex Alcohol, Tobacco, Gambling, Armaments & Firearms, Adult
Entertainment
268 Components
DJSI World 80
80 Components
DJSI World ex US 80
80 Components
Source: RobecoSAM
10
DJSI World – Largest Additions & Deletions
Largest 10 Additions
Largest 10 Deletions
(Ranked by Float Adjusted Market Capitalization as per 31 July 2015)
(Ranked by Float Adjusted Market Capitalization as per 31 July 2015)
Name
Country
Industry Group
Name
Country
Bank of America Corp
United States
Banks
Cisco Systems Inc*
United States
Telefonica SA
Spain
Telecommunication
Services
PepsiCo Inc
United States
BHP Billiton Ltd
Australia
Materials
Royal Bank of Canada* Canada
Banks
Deutsche Telekom AG
Germany
Telecommunication
Services
Diageo PLC*
United Kingdom
Food, Beverage &
Tobacco
Societe Generale SA
France
Banks
ABB Ltd
Switzerland
Capital Goods
BHP Billiton PLC
United Kingdom Materials
Mitsubishi Corp
Japan
Capital Goods
Vinci SA
France
Capital Goods
GDF Suez
France
Utilities
Henkel AG & Co KGaA
Nomura Holdings Inc
Japan
Diversified
Financials
Experian PLC*
Canadian Imperial Bank
Canada
of Commerce/Canada*
Air Products &
United States
Chemicals Inc*
Waste Management
United States
Inc*
Industry Group
Technology Hardware
& Equipment
Food, Beverage &
Tobacco
Banks
Materials
Commercial &
Professional Services
Household & Personal
Germany
Products
Commercial &
United Kingdom
Professional Services
* This company remains a Member of DJSI regional index
(DJSI Europe, DJSI North America, DJSI Asia Pacific and/or DJSI Emerging Markets)
Source: RobecoSAM
11
DJSI World – Selection
DJSI World
2,500 largest
companies of the
S&P Global Broad
Market Index
59 RobecoSAM
Industries
47 Countries
Effective as of September 21, 2015
Selection of
top 10% in
terms of
Sustainability
in each
industry
15% target
Buffer
Selection in
each
Industry
317 Components
59 RobecoSAM
Industries
26 Countries
Review 2015:
34 ADD / 30
DEL
12
DJSI Europe – Index Range
As of September 21, 2015
Dow Jones Sustainability Europe Index (DJSI Europe)
161 Components
DJSI Europe ex Alcohol, Tobacco, Gambling, Armaments & Firearms
136 Components
DJSI Europe ex Alcohol, Tobacco, Gambling, Armaments & Firearms, Adult
Entertainment
131 Components
DJSI Europe 40
40 Components
Dow Jones Sustainability Eurozone Index (DJSI Eurozone)
88 Components
DJSI Eurozone ex Alcohol, Tobacco, Gambling, Armaments & Firearms
74 Components
DJSI Eurozone ex Alcohol, Tobacco, Gambling, Armaments & Firearms, Adult
Entertainment
71 Components
DJSI Eurozone 40
40 Components
Source: RobecoSAM
13
DJSI Europe – Largest Additions & Deletions
Largest 5 Additions
Largest 5 Deletions
(Ranked by Float Adjusted Market Capitalization as per 31 July 2015)
(Ranked by Float Adjusted Market Capitalization as per 31 July 2015)
Name
Country
Industry Group
Name
Country
Industry Group
Sanofi
France
Pharmaceuticals,
Biotechnology & Life
Sciences
Total SA*
France
Energy
Novo Nordisk A/S*
Denmark
Pharmaceuticals,
Biotechnology & Life
Sciences
BNP Paribas SA
France
Banks
Deutsche Telekom AG
Germany
Telecommunication
Services
Siemens AG*
Germany
Capital Goods
Societe Generale SA
France
Banks
ABB Ltd
Switzerland
Capital Goods
BHP Billiton PLC
United Kingdom Materials
UniCredit SpA*
Italy
Banks
* This company remains a Member of DJSI World
Source: RobecoSAM
14
DJSI Europe – Selection
DJSI Europe
600 largest
European*
companies of the
S&P Global Broad
Market Index
57 RobecoSAM
Industries
16 Countries
Selection of
top 20% in
terms of
Sustainability
in each
industry
30% target
Buffer
Selection in
each
Industry
* 600 largest Austrian, Belgian, Dutch, Danish, Finnish, French, German, Irish, Italian, Luxembourg, Norwegian,
Portuguese, Spanish, Swedish, Swiss, and UK companies
Effective as of September 21, 2015
161 Components
51 RobecoSAM
Industries
13 Countries
Review 2015:
26 ADD / 18
DEL
15
DJSI Asia Pacific – Index Range
As of September 21, 2015
DJSI Asia Pacific
145 Components
DJSI Asia Pacific ex Alcohol, Tobacco, Gambling,
Armaments & Firearms
129 Components
DJSI Asia Pacific 40
40 Components
DJSI Japan 40
40 Components
Source: RobecoSAM
16
DJSI Asia Pacific – Largest Additions & Deletions
Largest 5 Additions
Largest 5 Deletions
(Ranked by Float Adjusted Market Capitalization as per 31 July 2015)
(Ranked by Float Adjusted Market Capitalization as per 31 July 2015)
Name
Country
Industry Group
Name
Country
Industry Group
Honda Motor Co Ltd
Japan
Automobiles &
Components
Sumitomo Mitsui
Financial Group Inc
Japan
Banks
Banks
Sony Corp
Japan
Telstra Corp Ltd
Australia
Kubota Corp
Japan
Capital Goods
Aeon Co Ltd
Japan
Food & Staples
Retailing
Mizuho Financial Group
Japan
Inc
Wesfarmers Ltd
Australia
Terumo Corp
Japan
Asciano Ltd
Australia
Food & Staples
Retailing
Health Care
Equipment &
Services
Transportation
Consumer Durables &
Apparel
Telecommunication
Services
Source: RobecoSAM
17
DJSI Asia/Pacific – Selection
DJSI Asia
Pacific
600 largest
companies from
Asia/Pacific* of the
S&P Global Broad
Market Index
56 RobecoSAM
Industries
6 Countries
Selection of
top 20% in
terms of
Sustainability
in each
industry
30% target
Buffer
Selection in
each
Industry
* 600 largest companies from Australia, Hong Kong, Japan, New Zealand, Singapore and Republic of Korea
Effective as of September 21, 2015
145 Components
46 RobecoSAM
Industries
6 Countries
Review 2015:
16 ADD / 17
DEL
18
DJSI North America – Index Range
As of September 21, 2015
DJSI North America
145 components
DJSI North America ex Alcohol, Tobacco, Gambling, Armaments & Firearms
127 Components
DJSI North America 40
40 Components
DJSI United States
125 Components
DJSI United States ex Alcohol, Tobacco, Gambling, Armaments & Firearms
108 Components
DJSI United States 40
40 Components
Source: RobecoSAM
19
DJSI North America– Largest Additions & Deletions
Largest 5 Additions
(Ranked by Float Adjusted Market Capitalization as per 31 July 2015)
Name
Country
Procter & Gamble Co
United States
Bristol-Myers Squibb Co United States
Industry Group
Household &
Personal Products
Pharmaceuticals,
Biotechnology & Life
Sciences
Goldman Sachs Group
Inc
United States
Diversified Financials
General Motors Co
United States
Automobiles &
Components
Ecolab Inc
United States
Materials
Largest 5 Deletions
(Ranked by Float Adjusted Market Capitalization as per 31 July 2015)
Name
Country
Industry Group
PepsiCo Inc
United States
Food, Beverage &
Tobacco
Schlumberger Ltd
United States
Energy
United Technologies
Corp
United States
Capital Goods
Bank of Nova Scotia
Canada
Banks
Ford Motor Co
United States
Automobiles &
Components
Source: RobecoSAM
20
DJSI North America – Selection
DJSI North
America
600 largest North
American
companies of the
S&P Global Broad
Market Index
58 RobecoSAM
Industries
2 Countries
* 600 largest companies from Canada and the United States
Effective as of September 21, 2015
Selection of
top 20% in
terms of
Sustainability
in each
industry
30% target
Buffer
Selection in
each
Industry
145 Components
51 RobecoSAM
Industries
2 Countries
Review 2015:
14 ADD / 19
DEL
21
DJSI Emerging Markets – Index Range
As of September 21, 2015
DJSI Emerging Markets
92 Components
Source: RobecoSAM
22
DJSI Emerging Markets– Largest Additions & Deletions
Largest 5 Additions
Largest 5 Deletions
(Ranked by Float Adjusted Market Capitalization as per 31 July 2015)
(Ranked by Float Adjusted Market Capitalization as per 31 July 2015)
Name
Industry Group
Name
Country
Industry Group
Country
Cathay Financial Holding
Taiwan
Co Ltd
Advanced Info Service
Thailand
PCL
Turkiye Garanti Bankasi
Turkey
AS
Insurance
ITC Ltd
India
Telecommunication
Services
Food, Beverage &
Tobacco
Malayan Banking Bhd
Malaysia
Banks
SACI Falabella
Chile
Tech Mahindra Ltd
India
Retailing
China State
Construction
China
International Holdings
Ltd
Capital Goods
Software & Services
Imperial Holdings Ltd
South Africa
Retailing
Cia de Saneamento
Basico do Estado de
Sao Paulo
Brazil
Utilities
Banks
Source: RobecoSAM
23
DJSI Emerging Markets – Selection
DJSI
Emerging
Markets
800 largest
Emerging Markets*
companies of the
S&P Global Broad
Market Index
56 RobecoSAM
Industries
23 Countries
Selection of
top 10% in
terms of
Sustainability
in each
industry
15% target
Buffer
Selection in
each
Industry
92 Components
37 RobecoSAM
Industries
14 Countries
Review 2015:
13 ADD / 7 DEL
* Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Malaysia, Mexico, Morocco, Peru, the
Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey, and the United Arab Emirates
Effective as of September 21, 2015
24
DJSI Korea – Index Range
As of September 21, 2015
DJSI Korea
52 Components
DJSI Korea 20
20 Components
Source: RobecoSAM
25
DJSI Korea – Selection
DJSI Korea
200 largest Korean
companies of the
S&P Global Broad
Market Index
45 RobecoSAM
Industries
Effective as of September 21, 2015
Selection of
top 30% in
terms of
Sustainability
in each
industry
45% target
Buffer
Selection in
each
Industry
52 Components
30 RobecoSAM
Industries
Review 2015:
6 ADD / 7 DEL
26
DJSI Australia – Index Range
As of September 21, 2015
DJSI Australia
45 Components
Source: RobecoSAM
27
DJSI Australia – Selection
DJSI
Australia
200 listed
companies of the
S&P/ASX 200
43 RobecoSAM
Industries
Effective as of September 21, 2015
Selection of
top 30% in
terms of
Sustainability
in each
industry
45% target
Buffer
Selection in
each
Industry
45 Components
24 RobecoSAM
Industries
Review 2015:
5 ADD / 5 DEL
28
Additional Resources
• Information for companies on the Corporate Sustainability Assessment
(CSA):
https://assessments.robecosam.com/survey/
• Further information about the 2015 DJSI Review:
http://www.sustainability-indices.com/review/annual-review-2015.jsp
• RobecoSAM CSA 2015 - Methodology & Score Changes Assurance Statement
http://www.sustainability-indices.com/images/independent-assurance-reportby-deloitte-AG-to-robecosam-ag-2015.pdf
29
RobecoSAM Indices
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RobecoSAM AG
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New York, NY 10022
Phone: 212-908-9768
E-Mail: neil.johnson@robecosam.com
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Phone: +41 44 653 1800
Fax:
+41 44 653 1810
E-Mail: indices@robecosam.com
www.robecosam.com
www.sustainability-indices.com
30
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do not have costs, fees, or other expenses associated with their performance. It is not
possible to invest directly in an index.
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