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"Adani Enterprises will be removed from the Dow Jones Sustainability Indices following a media and stakeholder analysis triggered by allegations of accounting fraud," Dow Jones said in a statement. It said the changes in the indices will come into effect before the market opens on February 7.
The Dow Jones Sustainability Indices are float-adjusted market capitalization weighted indices that measure the performance of companies selected with ESG (Environmental, Social, Governance & Economic) criteria as identified by S&P Global through the Corporate Sustainability Assessment (CSA). It represents the top 10% of the largest 2,500 companies in the S&P Global BMI based on long-term ESG criteria.
