By Stephen Nakrosis

S&P Dow Jones Indices on Friday announced changes to the Dow Jones Sustainability World Index.

TotalEnergies SE, Canadian Pacific Railway Ltd. and Moody's Corp. will join the index, replacing Caterpillar Inc., Sanofi S.A. and Northrop Grumman Corp., S&P Dow Jones Indices said. The changes will be effective Dec. 19.

Dow Jones Sustainability World Index is one of several Dow Jones Sustainability Indices, which aim to measure the performance of companies using environmental, social and governance criteria, S&P Dow Jones Indices said.

The changes follow the annual Dow Jones Sustainability Indices rebalancing and reconstitution, according to the company. As a result of the review, the top three largest companies based on free-float market capitalization have been added to and deleted from the index, S&P Dow Jones Indices said.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

December 09, 2022 18:28 ET (23:28 GMT)

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