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D.
R. Horton, Inc. Added to the KLD Domini 400 Social
Indexsm
BOSTON,
MA - April 1, 2003. KLD Research & Analytics,
Inc., an independent research firm, announced today
that D. R. Horton, Inc. (DHI) has been added to
the KLD Domini 400 Social Indexsm. D.
R. Horton is headquartered in Arlington, Texas.
D.
R. Horton Inc. builds and markets single-family
homes for first-time and move-up buyers in metropolitan
markets. In addition the company offers financial
services. The company has 48 separate operating
divisions in 20 states. Company divisions include:
Continental Homes; Melody Homes; Regency Homes;
Schuler Homes; SGS Communities; Stafford Homes;
Torrey Homes; Trimark Communities; and Western Pacific
Housing.
Reasons KLD added the company to the DS 400 Index
KLD
added the company to the DS 400 Index for several
reasons, including:
- D.
R. Horton has representation of women in senior
management. One woman, Stacey Dwyer, serves among
the company's four principal senior line executives.
Ms. Dyer is executive vice president.
-
D. R. Horton is a highly decentralized company.
Each operating division president is responsible
for site selection; land development oversight;
building plan selection; and for obtaining the
necessary building permits. In addition, division
presidents are responsible for local charitable
giving campaigns and environmental policies.
- Some
divisions of D. R. Horton are members of the EarthCraft
House program. The program recognizes houses that
incorporate energy and resource efficiency both
during and after construction. Builders receive
points for integration of efficiencies into the
house design. Construction of houses must meet
minimum EarthCraft House requirements. For each
EarthCraft House, the builder must submit a final
worksheet for verification. The program is located
in southeastern U.S. Other company divisions have
energy efficiency programs as well.
- D.
R. Horton is one of six of the ten largest homebuilders
in America to use Bora-Care, a borate-based wood
treatment, as a substitute for Dursban in termite
control. The Environmental Protection Agency (EPA)
had planned to phase-out of Dursban use as a termiticide
by 2004. Dursban is considered to be highly toxic
and is believed to damage the nervous systems
of children. The environmental group Beyond Pesticides
lauds Bora-Care as a low-toxicity alternative
to Dursban.
About
the KLD Family of Indexes
KLD's
Domini 400 Social Indexsm, launched in
1990, is a benchmark index created by KLD to gauge
the financial performance of companies in which
US social investors might invest. The index consists
of 400 diversified equities that pass a broad range
of social screening criteria. The KLD Broad Market
Socialsm Index (KLD BMS Index) is the
screened subset of the Russell 3000® Index,
and the KLD Large Cap Socialsm Index
(KLD LCS Index) is the screened subset of the Russell
1000® Index, both of which were launched on
January 1, 2001.
About KLD Research & Analytics, Inc
KLD
Research & Analytics, Inc. is an independent
research firm providing investment management tools
that are used by professionals to serve clients
who require investment strategies based on social
responsibility, responsive governance and corporate
integrity. 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 the KLD Domini 400
Social Index, 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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