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BB&T
Corporation Added to
KLD's Domini 400 Social Index
BOSTON,
MA - December 29, 2004 - KLD Research & Analytics, Inc.,
an independent investment research firm, announced today
that BB&T Corporation (BBT) has been added to KLD's
Domini 400 SocialSM
Index (DS 400 Index). BB&T is headquartered in Winston-Salem,
North Carolina.
BB&T
provides commercial banking, mortgage lending, trust,
insurance, investment, and other financial services. The
company has offices in North Carolina, South Carolina,
Virginia, Maryland, Georgia, West Virginia, Tennessee,
Kentucky, Alabama, Florida, Indiana and Washington, D.C.
Reasons KLD added the company
to the Domini 400 Social Index
- BB&T has an exceptional
program for purchasing products and supplies from women-
and minority-owned businesses. The program was established
in 1990. In FY 2002, the company placed approximately
10% of its total subcontracting for goods and services
with women-owned and minority-owned companies. This
is an unusual program for financial services companies
followed by KLD.
- The company has demonstrated
a strong commitment to employee education and training
through various programs including its BB&T University.
The company also offers a 17-month program through the
BB&T Banking School, a cooperative venture between BB&T
and Wake Forest. Another formal training option is the
company's BB&T Management Development program, a six-month
residential program for recent college or MBA graduates
who have shown extraordinary potential. BB&T has 26
training centers in eight states.
- The company has strong
representation of women and minorities in on its board.
Four of the company's 18-member board of directors are
women or minorities.
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 Index;
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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