So Coke, HP and EnCana corp have all been deleted from DJSI World. But no indication has been given as to why.
Perhaps DJSI can post a comment on this blog and let us know.
As many readers will know, I’m not a huge fan of rankings and ratings of companies on sustainability/smarter business.
My view is a simple one (and well trodden): Companies should only really be compared to themselves, ie past performance.
Any other comparison is methodologically unsound at best, and intellectually dishonest at worst.
So DJSI only matters to me for two reasons:
1) My customers talk about it. So if it matters to them, it has to matter to me.
2) Any company listed (unlike some of the more spurious rankings/listings in the US and elsewhere) is always interesting to look at for articles, blog posts, or conference speaking invitations. You don’t get in unless you are pretty good, compared with others.
That alone makes it far more useful than the “1000 greenest companies in the world, ever, so there” type-listings that are borderline fraudulent.
Here’s who is ‘in’ for 2011-12 in terms of large companies who apparently (?) lead their sectors.
2011 – 2012 Supersector leaders (alphabetically listed)
Hyundai Engineering & Construction Co. Ltd.
Itausa-Investimentos Itau S/A
Koninklijke DSM N.V. Chemicals
Koninklijke Philips Electronics N.V.
Lotte Shopping Co. Ltd.
Repsol YPF S.A.
Roche Holding AG
Samsung Electronics Co. Ltd.
Swiss Re Limited
Westpac Banking Corp.
According to a press release: “The largest additions (by free-float market capitalization) to the DJSI World include Medtronic Inc., Schneider Electric S.A. and Societe Generale S.A., while the largest deletions (by free-float market capitalization) are Coca-Cola Co., Hewlett-Packard Co. and EnCana Corp. All changes will become effective with the open of the stock markets on September 19, 2011.”