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SOCIAL JUSTICE INDEX CRITERIA

CONSTITUENT ELIGIBILITY REQUIREMENTS

In order to be eligible for inclusion in the Index, companies must meet the following conditions:

1. Companies are screened for inclusion or exclusion based on Adasina’s Social Justice Investment Criteria in the following categories:

A) Racial Justice – Criteria aim to uproot systems that reinforce, perpetuate, and exacerbate racial inequities. The Index seeks to exclude companies that Adasina determines participate in, or benefit from, those unjust systems. These criteria include:

● Prison Involvement
● Prison Investment
● Prison Labor
● Money Bail Involvement
● Immigrant Detention
● Citizen & Immigrant Surveillance
● Occupied Territories
● Indigenous Peoples Rights
● Diversity & Inclusion Policies
● For-Profit Colleges

B) Gender Justice – Criteria aim to ensure safe and fair opportunities for all people, regardless of their gender identity. The Index seeks to exclude companies with policies and practices that Adasina determines do not support gender equity or LGBTQ+ equality. These criteria include:

● Sexual Harassment
● Reproductive Rights
● Board Representation
● LGBTQ+ Equal Employment Opportunity

C) Economic Justice – Criteria aim to create a fair and equitable financial future for all people and communities. The Index seeks to exclude companies who fail to deal fairly with the public or their employees. These criteria include::

● Subminimum Wages for Employees
● Forced Labor & Child Labor
● Worker Protections & Rights
● Working Conditions
● Excessive Executive Pay
● Predatory Lending

D) Climate Justice – Criteria aim to advance the goals of environmental sustainability in partnership with social justice movements. The Index seeks to exclude companies that Adasina determines significantly contribute to climate change, lack environmentally sustainable practices, or negatively impact air and water quality. These criteria include:

● Fossil Fuels
● Fossil Fuel Funding
● Extractive Agriculture
● Energy Usage
● Rainforests & Deforestation
● Carbon Emissions
● Mining
● Pollution
● Water Management
● Product Waste

E) Movement Aligned – Criteria take direction from a variety of causes that advance social equity and the welfare of people and the planet. The Index seeks to exclude companies that Adasina has determined negatively impact animal welfare and human safety, as well as companies that lack adequate corporate accountability. These criteria include:

● Fur & Leather Products
● Non-Medical Animal Testing
● Humane Animal Treatment
● Tobacco
● Weapons & Firearms
● Social Conservatism & Political Support
● Corporate Governance
● Accounting & Management
● Customer Impact
● Data Privacy & Security

2. Listing on a regulated stock exchange in the form of shares tradable for foreign investors without restrictions.

3. Market capitalization of at least $300 million USD at time of inclusion.

4. Average daily traded value of at least $1 million USD over the last six months at time of inclusion, or adequate constituent liquidity and accessibility for an exchange listed product as determined by the Index Provider.

5. Non-US companies will be U.S. exchange traded ADR versions if available, provided their liquidity is comparable to locally traded shares.