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Smith International, Inc. Added to
KLD's Domini 400 Social Index
BOSTON,
MA - July 28, 2005 - KLD Research & Analytics, Inc. announced
today that Smith International, Inc. (SII) has been added
to KLD's Domini 400 SocialSM
Index (DS 400 Index).
Smith
International is headquartered in Houston, Texas. It manufactures
and markets products and services to the oil and gas exploration
and production industry, the petrochemical industry and
other industrial markets. The company's products and services
are used for drilling, well completion and well re-entry
operations. In addition, it manufactures solids-control
and separation equipment, oilfield production chemicals,
drill bits and turbine products. Smith International also
markets pipe, valves, and fittings as well as mill, safety,
and other maintenance products to energy and industrial
markets.
Reasons KLD added
the company to the Domini 400 Social Index
- Several of the company's
products and services help mitigate the negative environmental
impact of oil and gas exploration. Smith International's
Trackmaster Plus Wellbore Departure System helps operators
efficiently drill multiple zones in complex reservoirs
from a single, existing wellbore, minimizing the impact
on the drill site environment. In addition, the company
has developed a synthetic-based drilling fluid system
that yields drilling wastes that can be disposed of
directly onto land as a soil fertilizer. This has environmental
benefits over oil-based drilling fluids.
- One woman, Margaret
Dorman, serves among the company's five principal senior
line executives. She is chief financial officer of the
company.
- The company is in
the Energy sector, in which the DS 400 Index is underweight
relative to the S&P 500.
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 BMSI), launched in 2001, the screened subset
of the Russell 3000®
Index; the KLD Large Cap SocialSM
Index (KLD LCSI), 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; the KLD
Select SocialSM Index
(KLD SSI), launched in 2004, the first US index maximizing
sustainability factors; and the KLD Global Climate 100SM
Index (KLD GC 100), launched in 2005, the first global
index focused on solutions to climate change.
About KLD Research & Analytics,
Inc.
KLD Research & Analytics,
Inc. (www.kld.com) is
an independent investment research and index company.
Its products and services enable institutional money managers
and investors to integrate social and environmental factors
into their investment strategies, while helping them gather
assets, manage risk and control costs. The company is
known for the 15-year-old Domini 400 Social Index, the
world's first index to benchmark the performance of equity
portfolios subject to multiple social screens. Today more
than $8 billion is invested in funds based on KLD Indexes.
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 e-mail
(kagredo@kld.com).
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