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General
Growth Properties, Inc. Added to
KLD's Domini 400 Social Index
BOSTON,
MA - November 12, 2004 - KLD Research & Analytics, Inc.,
an independent investment research firm, announced today
that General Growth Properties, Inc. (GGP) has been added
to KLD's Domini 400 SocialSM
Index. General
Growth Properties, Inc. is
headquartered in Chicago, Illinois.
General Growth Properties, Inc. is a real
estate investment trust that owns, develops, acquires
and operates regional malls and community shopping centers.
The company owns 120 regional mall shopping centers and
had interests in 43 others.
Reasons KLD added the company
to the Domini 400 Social Index
- General Growth Properties
CEO John Bucksbaum receives a total compensation package
that is notably low for companies followed by KLD.
- In November 2004,
the company acquired The Rouse Company, a constituent
of the DS 400 Index. The Rouse Company is a real estate
investment trust that develops, and manages retail centers,
office and mixed-use properties, and communities throughout
the U.S. The Rouse Company's hallmark development projects
are its "festival marketplaces," which have played important
roles in the revitalization of sections of Baltimore,
Boston, and other cities.
- The Rouse Company is
a major supporter of The Enterprise Foundation, a provider
of loans, grants and technical assistance to nonprofit
organizations that build and revitalize low-income neighborhoods.
- The Rouse Company provides
a number of generous employee benefits including six
to eight weeks paid maternity leave; four weeks paid
parental leave and financial assistance for adoptions;
on-site child care; alternate work schedules; health
and other benefits coverage to same-sex domestic partners
of its employees and educational assistance including
General Equivalency Diploma (GED) and English for Students
of Other Languages (ESOL) programs. The Rouse Company
has a longstanding and exceptional commitment to equal
opportunity employment. The company has minority and
women recruitment programs; sets annual diversity goals
including senior management and has a program to identify
minorities and women who have strong potential for advancement.
About the KLD Family of Indexes
KLD’s
family of social, environmental and sustainability indexes
include: the Domini 400 SocialSM
Index (DS 400 Index), launched in 1990, is the established
benchmark for measuring the impact of social screening
on financial performance; the KLD Catholic Values 400SM
Index, launched in 1998, is modeled on KLD's DS 400; the
KLD Broad Market SocialSM
Index (KLD BMS Index), launched in 2001, is the screened
subset of the Russell 3000® Index; the
KLD Large Cap SocialSM
Index (KLD LCS Index), launched in 2001, is the screened
subset of the Russell 1000® Index; the
KLD NASDAQ Social Index (KLD NS Index), launched in 2002,
is modeled on the NASDAQ Composite Index; the KLD Select
SocialSM Index, launched
in 2004, is 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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