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McCormick
& Company, Inc. Added to KLD's Domini 400 Social Index
BOSTON,
MA - June 25, 2004 - KLD Research & Analytics, Inc., an
independent investment research firm, announced today
that McCormick & Company, Inc. (MKC) has been added to
KLD's Domini 400 SocialSM
Index (DS 400 Index). McCormick & Company, Inc. is headquartered
in Sparks, Maryland.
McCormick
& Company, Inc. manufactures spices, herbs, extracts,
seasoning blends, sauces and marinades which it markets
to the consumer food market and to food processors, restaurant
chains, distributors, warehouse clubs and institutional
operations. The company also sells plastic packaging products
to the food and personal care industries
Reasons the company was added
to KLD's DS 400 Index
- McCormick has an exceptional
program for purchasing products and supplies from women-
and minority-owned businesses. In FY 2003, the company
placed approximately 10% ($32.4 million) of its total
subcontracting for goods and services with women-owned
and minority-owned companies.
- McCormick has several
significant and long-standing commitments to employee
involvement. Its Multiple Management system encourages
employee involvement. and team-oriented decision making.
In addition, the company conducts employee surveys every
two years.
- All of its U.S. employees
receive an annual cash dividend that varies according
to the financial performance of the corporation.
- The McCormick Learning
& Development Center enables employees to take courses
in different subjects, including leadership, problem
solving, process management, and cultural awareness.
The Center also provides career development services
and computer training.
About the KLD Family of Indexes
KLD’s
family of social, environmental and sustainability indexes
include: the Domini 400 Social 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 1990, 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 SocialSMIndex
(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 KLD's 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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