Coway listed in 2021 Dow Jones Sustainability World Index - Network Magazine

Coway listed in 2021 Dow Jones Sustainability World Index

by Maciej Maciejewski

Business Coway has been included in the 2021 Dow Jones Sustainability World Index (DJSI) for the sixth consecutive year. The DJSI assesses governance, economic, environmental and social performance and features companies across 61 industries.

source: Pixabay

Coway is also listed on the Dow Jones Sustainability Asia/Pacific index and the Dow Jones Sustainability Korea index. Among all the companies included in the DJSI World household durables industry, Coway is the only company based in Korea.

– We’re honored to have had our ESG initiatives recognized on the DJSI world for the sixth year running. True to our name as ‘The Best Life Solution’ company, we’ll continue to improve our sustainability management systems – said a Coway representative.

Dow Jones, or simply the Dow (/ˈdaʊ/), is a price-weighted measurement stock market index of 30 prominent companies listed on stock exchanges in the United States. Although the DJ is one of the oldest and the most commonly followed equity indices, many professionals consider the Dow to be an inadequate representation of the overall U.S. stock market compared to broader market indices such as the S&P 500 or Russell 3000 Index. The DJ includes only 30 large companies and is a price-weighted index, unlike later stock indices which use market capitalization. Furthermore, the DJ does not use a weighted arithmetic mean.

The value of the index is the sum of the stock prices of the companies included in the index, divided by a factor which is currently (as of November 2021) approximately 0.152. The factor is changed whenever a constituent company undergoes a stock split so that the value of the index is unaffected by the stock split.

First calculated on May 26, 1896, the index is the second-oldest among the U.S. market indices (after the Dow Jones Transportation Average). It was created by Charles Dow, the editor of The Wall Street Journal and the co-founder of Dow Jones & Company, and named after him and his business associate, statistician Edward Jones. The word industrial in the name of the index initially emphasized the heavy industry sector, but over time stocks from many other types of companies have been added to the DJIA.

The index is maintained by S&P Dow Jones Indices, an entity majority-owned by S&P Global. Its components are selected by a committee. The ten components with the largest dividend yields are commonly referred to as the Dogs of the Dow. As with all stock prices, the prices of the constituent stocks and consequently the value of the index itself are affected by the performance of the respective companies as well as macroeconomic factors.

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