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M&T Bank Corporation Added to
KLD's Domini 400 Social Index
BOSTON,
MA - May 27, 2005 - KLD Research & Analytics, Inc. announced
today that M&T Bank Corporation (MTB) has been added to
KLD's Domini 400 SocialSM
Index (DS 400 Index). M&T Bank Corporation is headquartered
in Buffalo, New York.
M&T
Bank provides commercial, retail, and other banking services,
including commercial real estate, discretionary portfolio
and mortgage banking services. The company's two main
bank subsidiaries are the Manufacturers and Traders Trust
Company and M&T Bank. The banks collectively offer commercial
banking, trust and investment services.
Reasons KLD added
the company to the Domini 400 Social Index
- M&T Bank has notable
charitable giving. In FY 2003, the company donated 1.98%
($13.7 million) of trailing three-year net earnings
before taxes to charity. This level of charitable giving
is higher than most companies followed by KLD.
- The company supports
primary and secondary public education. Between 1994
and 2004, the company donated $10 million to the Westminster
Community School, in Buffalo, New York. With financial
support from the bank, the school became Buffalo's first
conversion charter school. According to the Buffalo
News, the Westminster Community School has been
credited with dramatically raising the area's test scores.
- M&T Bank has a policy
against discrimination based on sexual orientation and
provides domestic partner medical benefits to qualified
employee partners.
- Nonemployee members
of M&T's board of directors received a total compensation
package that is lower than that of most companies followed
by KLD.
About the KLD Family of Indexes
KLD’s
family of social, environmental and sustainability indexes
includes: the Domini 400 SocialSM
Index (DS 400 Index), launched in 1990, the established
benchmark for measuring the impact of social screening
on financial performance; the KLD Catholic Values 400SM
Index, launched in 1998, modeled on KLD's DS 400 Index;
the KLD Broad Market SocialSM
Index (KLD BMS Index), launched in 2001, the screened
subset of the Russell 3000® Index; the
KLD Large Cap SocialSM
Index (KLD LCS Index), launched in 2001, the screened
subset of the Russell 1000® Index; the
KLD NASDAQ Social Index (KLD NS Index), launched in 2002,
modeled on the NASDAQ Composite Index; and the KLD Select
SocialSM Index, launched
in 2004, the first US index maximizing sustainability
factors.
About KLD Research & Analytics,
Inc.
KLD Research & Analytics, Inc. is an independent investment
research firm providing investment management tools used
by professionals to serve clients requiring investment
strategies based on social and environmental responsibility.
KLD products and services, including Socrates (a web-based,
company research tool) are used for screening, compliance
and asset gathering.
For more information about KLD or its family of Indexes,
please see our website (www.kld.com)
or contact Karen Agredo by phone (617.426.5270) or via
e-mail (kagredo@kld.com).
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