These 20 companies are coming to this index focused on social and environmental good
An investing index that aims to track the most transparent companies in the world is changing its holdings for 2022.
The index — called the Transparency Index — is adding 20 new companies to its list of 100 companies that exclude certain industries it deems harmful for people and the planet.
That includes alcohol, banking, chemical, confectionary, fossil fuel transportation, gambling, metals and minerals, oil and natural gas, and tobacco.
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Each company in the index has a weighting of about 1%.
The index is being used for a new ETF provided by ARK Investment Management, led by CEO and chief investment officer Cathie Wood. The ETF, called the ARK Transparency ETF, trades under the ticker CTRU, and is the company’s first passive investment product.
That ETF opened at $18.41 per share on Friday, before falling by a little more than 1%. In contrast, the firms’ flagship ARK Innovation ETF suffered a dramatic selloff on Thursday, due in part to rising interest rates. That fund was trading around $85 per share on Friday morning.
New companies on the 2022 Transparency Index
Company
TECH
BIO-TECHNE CORP.
CDLX
CARDLYTICS, INC.
CDNA
CAREDX, INC.
CBOE
CBOE GLOBAL MARKETS, INC.
CRSR
CORSAIR GAMING, INC.
GTLB
GITLAB INC.
NTAP
NETAPP, INC.
NTNX
NUTANIX, INC.
PSO
PEARSON PLC
PVH
PVH CORP.
QLYS
QUALYS, INC.
RDWR
RADWARE, LTD.
RBLX
ROBLOX CORP.
SON
SONOCO PRODUCTS CO.
SONO
SONOS, INC.
SPB
SPECTRUM BRANDS HOLDINGS, INC.
SPT
SPROUT SOCIAL, INC.
SHOO
STEVEN MADDEN, LTD.
SFIX
STITCH FIX, INC.
WRBY
WARBY PARKER, INC.
Among the companies added to the Transparency Index are Cboe Global Markets, which owns the Chicago Board Options Exchange, and Sprout Social, the provider of web-based social media management tools.
The index seeks to identify companies that are emphasizing transparency with both employees and customers. “There’s no pay to play or influence any of these companies can have,” said Paul Pagnato, chairman and founder of Transparency Invest, the company that created the Transparency Index.
Companies no longer on the Transparency Index
Company
ARMK
ARAMARK
AVT
AVNET, INC.
BE
BLOOM ENERGY CORPORATION
COST
COSTCO WHOLESALE CORP.
DE
DEERE & CO.
DIOD
DIODES, INC.
ENPH
ENPHASE ENERGY, INC.
GMAB
GENMAB A/S
HRC
HILL-ROM HOLDINGS, INC.
INFN
INFINERA CORP.
IDCC
INTERDIGITAL, INC.
NVTA
INVITAE CORP.
MTLS
MATERIALISE N.V.
NKE
NIKE, INC.
SYK
STRYKER CORP.
SUMO
SUMO LOGIC, INC.
SUZ
SUZANO S.A.
TRMB
TRIMBLE, INC.
Z
ZILLOW GROUP, INC.
ZM
ZOOM VIDEO COMMUNICATIONS, INC.
The 80 names that will stay on the list include Starbucks, Salesforce and Workday, a provider of cloud applications for human resources.
Meanwhile, 20 companies are being dropped, including Nike and Zillow Group