DJSI 2015

Review Results

September 2015

Content
Key Facts
Assessment 2015
Overview of global and regional review results
Additional Resources

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).

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
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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 RobecoSAMs 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.
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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

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

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

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

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RobecoSAM Indices
RobecoSAM USA, Inc.

RobecoSAM AG

909 Third Avenue

New York, NY 10022
Phone: 212-908-9768
E-Mail: neil.johnson@robecosam.com
www.robecosam.com
www.sustainability-indices.com

Josefstrasse 218
8005 Zurich
Switzerland
Phone: +41 44 653 1800
Fax:
+41 44 653 1810
E-Mail: indices@robecosam.com
www.robecosam.com
www.sustainability-indices.com

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Index Definitions
Index returns are provided for comparison purposes only to show market returns as
measured by a broad-based index of securities. The indices are not actively managed and
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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2015 RobecoSAM

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