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90% of largest companies concerned about climate change




90% of largest companies concerned about climate change — survey

90% of largest companies concerned about climate change — survey
Modified Carbon Disclosure Project Press Release
September 18, 2005

More U.S. corporations than ever before now factor climate change into the risks and opportunities faced by their businesses, according to a report released today by the Carbon Disclosure Project, a coalition of institutional investors with more than $21 trillion in assets. Increased interest from the investment community, in conjunction with related macro-economic developments, is encouraging the development of strategies to reduce greenhouse gas emissions.

The report shows a marked increase in awareness of climate change and disclosure of related data among U.S. corporations, some of which are establishing leading positions in the growing markets for low-carbon technologies and solutions. U.S. corporations listed for the first time in the report’s Climate Leadership Index, an Index of the FT500’s 60 ‘best in class’, include the utilities Duke Energy and Exelon, industrial conglomerate General Electric, and pharmaceutical maker Bristol-Myers Squibb. U.S. corporations appearing for the second time include Citigroup, American Electric Power, Ford and UPS.

James Cameron, Chairman of the Carbon Disclosure Project (CDP), said: “Wall Street is waking up to climate change risks and opportunities. Considerably more of the world’s largest corporations are getting a handle on what climate change means for their business and what they need to do to capture opportunities and mitigate risks. This all points to a continued elevation of climate change as a critical shareholder value issue for investors.”

Cameron added: “Thanks to the support of investors and corporations over the last five years, CDP has generated the leading database of investment-relevant information regarding climate change. We are proud to be able to help investors and corporations make informed decisions on the subject.”


Sample questions from the Carbon Disclosure Project (CDP) Greenhouse Gas Emissions Questionnaire
  • Do you believe climate change, the policy responses to climate change and/or adaptation to climate change represent commercial risks and/or opportunities for your company?
  • Do you allocate specific responsibility to executive and independent directors for climate change related issues?
  • What are the relevant technologies and/or processes that can be employed in your company/sector to achieve emission reductions? Have you taken any steps to develop/implement these technologies and do you anticipate being able to profit from their commercialisation?
  • What is the quantity in tonnes CO2e of annual emissions of the six main GHGs produced by your owned and controlled facilities in the following areas (Globally, Annex B countries of the Kyoto Protocol, EU Emissions Trading Directive)?
  • Do you have emission reduction programmes in place?

    The full questionare is available at www.cdproject.net

  • The Carbon Disclosure Project provides a secretariat for the world’s largest institutional investor collaboration on the business implications of climate change. CDP was launched five years ago to gather the information necessary for investors to evaluate the winners and losers from a future impacted by climate change and responses to climate change. CDP issued its third information request (CDP3) on behalf of 155 institutional investors with more than $21 trillion assets under management to the Chairmen of the FT500 companies on February 01, 2005. The corporation’s responses and the CDP3 report based on them are being launched today at the offices of JPMorgan Chase in New York and from the CDP website www.cdproject.net.

    Bill Page, Portfolio Manager, and Chair of SRI Team at SSgA said: “State Street Global Advisors is proud to be a signatory of the Carbon Disclosure Project. We believe improved transparency regarding carbon emissions will better enable us to uncover investment opportunities for clients. It’s time corporations across all sectors addressed the challenges of climate change.”

    Steve Westly, Controller California and Trustee to CalPERS and CalSTRS (a CDP signatory), said: “U.S. states discharge a heavy responsibility to invest on behalf of millions of public employees. We believe it is inevitable that at some point the U.S. will join the other G8 countries and introduce limitations on the emissions of greenhouse gases. That is why we are leading investor collaboration to gather the data on corporate greenhouse gas emissions required to undertake prudent investment management. And that is why CalPERS, CalSTRS and the California Treasury are participants in the Carbon Disclosure Project. We encourage fund managers interested in our business to follow suit.”

    Key Findings from CDP3:

    Growing Corporate Awareness

    Increasing Investor Interest

    Increasing U.S. Momentum

    Still Much Work to Do

    The CDP is a special project of Rockefeller Philanthropy Advisors. The CDP is financially supported by the Carbon Trust UK, Climate Initiatives Fund UK, Esmée Fairbairn Foundation UK, The Funding Network, Home Foundation Holland, The Nathan Cummings Foundation USA, Network for Social Change UK, Polden Puckham Charitable Foundation UK, Rockefeller Brothers Fund USA, Rufus Leonard UK, Turner Foundation USA, W. Alton Jones Foundation USA, WWF UK.



    More information at the Carbon Disclosure Project.



    The above is a press release from the Carbon Disclosure Project



    Further information

    The Global 500 from the Financial Times. More data on the FT500 is available at www.ft.com/ft500.

    A list of companies participating in the Carbon Disclosure Project’s latest survey can be found at www.cdproject.net/responses_cdp3.asp


    2005
    Rank
    Company / Country Market
    Capitalization
    in $ million
    Sector
    1 General Electric US 382233.1 Diversified industrial
    2 ExxonMobil US 380567.2 Oil & gas
    3 Microsoft US 262974.9 Software & computer services
    4 Citigroup US 234436.7 Banks
    5 BP UK 221365.3 Oil & gas
    6 Wal-Mart Stores US 212209.0 General retailers
    7 Royal Dutch/Shell Netherlands/UK 210630.4 Oil & gas
    8 Johnson & Johnson US 199711.4 Pharmaceuticals & biotechnology
    9 Pfizer US 195944.6 Pharmaceuticals & biotechnology
    10 Bank of America US 178765.4 Banks
    11 HSBC UK 176858.4 Banks
    12 Vodafone UK 171416.9 Telecommunication services
    13 IBM US 165787.1 Software & computer services
    14 Total France 148957.1 Oil & gas
    15 Intel Corporation US 144695.4 Information technology hardware
    16 American International Group US 144319.2 Insurance
    17 Altria US 135246.1 Tobacco
    18 Toyota Motor Japan 134324.4 Automobiles & parts
    19 GlaxoSmithKline UK 134123.5 Pharmaceuticals & biotechnology
    20 Berkshire Hathaway US 134067.2 Insurance
    21 Procter & Gamble US 133697.0 Personal care & household products
    22 Saudi Basic Industries Saudi Arabia 128790.0 Diversified industrial
    23 Novartis Switzerland 124610.2 Pharmaceuticals & biotechnology
    24 ChevronTexaco US 123536.3 Oil & gas
    25 JP Morgan Chase US 123261.1 Banks
    26 Sanofi-Aventis France 119029.6 Pharmaceuticals & biotechnology
    27 Cisco Systems US 117801.0 Information technology hardware
    28 Nestle Switzerland 110440.9 Food producers & processors
    29 ENI Italy 103986.5 Oil & gas
    30 Wells Fargo US 101406.9 Banks
    31 Coca-Cola US 100428.4 Beverages
    32 Royal Bank of Scotland UK 99988.0 Banks
    33 Verizon Communications US 98333.7 Telecommunication services
    34 Roche Switzerland 95779.9 Pharmaceuticals & biotechnology
    35 UBS Switzerland 95069.5 Banks
    36 Dell US 94474.9 Information technology hardware
    37 Pepsico US 88993.5 Beverages
    38 Telefonica Spain 86353.0 Telecommunication services
    39 Home Depot US 83973.3 General retailers
    40 Deutsche Telekom Germany 83866.0 Telecommunication services
    41 BHP Billiton Australia/UK 82081.4 Mining
    42 NTT DoCoMo Japan 81747.9 Telecommunication services
    43 Wachovia US 80745.5 Banks
    44 Time Warner US 78967.4 Media & entertainment
    45 SBC Communications US 78258.4 Telecommunication services
    46 Santander Central Hispano Spain 76137.8 Banks
    47 ConocoPhillips US 75036.2 Oil & gas
    48 Comcast US 74118.0 Media & entertainment
    49 France Telecom France 73885.2 Telecommunication services
    50 Nippon Telegraph & Telephone Japan 73305.3 Telecommunication services
    51 Amgen US 72920.6 Pharmaceuticals & biotechnology
    52 Samsung Electronics South Korea 72780.4 Information technology hardware
    53 Abbott Laboratories US 72677.7 Pharmaceuticals & biotechnology
    54 Nokia Finland 72314.2 Information technology hardware
    55 Merck US 71474.6 Pharmaceuticals & biotechnology
    56 Siemens Germany 70319.5 Electronic & electric equipment
    57 Tyco International US 68046.4 Diversified industrial
    58 Gazprom Russia 67942.9 Oil & gas
    59 Unilever Netherlands/UK 67664.2 Food producers & processors
    60 ING Netherlands 66598.6 Insurance
    61 3M US 66188.9 Diversified industrial
    62 Barclays UK 65949.0 Banks
    63 News Corporation US 65168.5 Media & entertainment
    64 China Mobile Hong Kong Hong Kong 64400.9 Telecommunication services
    65 AstraZeneca UK 64350.4 Pharmaceuticals & biotechnology
    66 Oracle Corporation US 64164.4 Software & computer services
    67 American Express US 64109.8 Speciality & other finance
    68 Hewlett-Packard US 63528.4 Information technology hardware
    69 BNP Paribas France 62718.7 Banks
    70 Morgan Stanley US 62257.3 Speciality & other finance
    71 Medtronic US 61625.1 Health
    72 UnitedHealth Group US 61184.3 Health
    73 HBOS UK 60987.0 Banks
    74 Telecom Italia Italy 60813.8 Telecommunication services
    75 Qualcomm US 60285.2 Information technology hardware
    76 E.ON Germany 59301.3 Utilities – other
    77 Genentech US 59231.1 Pharmaceuticals & biotechnology
    78 Eli Lilly US 59014.7 Pharmaceuticals & biotechnology
    79 Walt Disney US 58821.1 Media & entertainment
    80 ENEL Italy 58593.1 Electricity
    81 Telecom Italia Mobile Italy 57880.5 Telecommunication services
    82 Mitsubishi Tokyo Financial Japan 56763.3 Banks
    83 Viacom US 56747.0 Media & entertainment
    84 Mizuho Financial Japan 56684.7 Banks
    85 Wyeth US 56354.7 Pharmaceuticals & biotechnology
    86 BBVA Spain 55214.7 Banks
    87 Saudi Telecom Saudi Arabia 54915.0 Telecommunication services
    88 L’Oreal France 54122.7 Personal care & household products
    89 Merrill Lynch US 54013.8 Speciality & other finance
    90 U. S. Bancorp US 53811.5 Banks
    91 Goldman Sachs US 53048.6 Speciality & other finance
    92 Fannie Mae US 52702.4 Speciality & other finance
    93 United Technologies US 52027.5 Aerospace & defence
    94 Credit Suisse Switzerland 51427.1 Banks
    95 E.I. du Pont de Nemours US 51086.3 Chemicals
    96 AXA France 50844.9 Insurance
    97 SAP Germany 50718.9 Software & computer services
    98 Lloyds TSB UK 50528.5 Banks 9
    99 Telstra Australia 50203.3 Telecommunication services
    100 eBay US 50107.4 General retailers
    101 Gillette US 50042.1 Personal care & household products
    102 Bristol-Myers-Squibb US 49692.5 Pharmaceuticals & biotechnology
    103 Allianz Germany 48998.6 Insurance
    104 Boeing US 48663.6 Aerospace & defence
    105 BellSouth US 48151.5 Telecommunication services
    106 Canon Japan 47618.5 Electronic & electric equipment
    107 Dow Chemical US 47535.5 Chemicals
    108 Yahoo! US 47025.2 Software & computer services
    109 Deutsche Bank Germany 46923.1 Banks
    110 Honda Japan 46611.7 Automobiles & parts
    111 Nissan Motor Japan 46331.9 Automobiles & parts
    112 Tesco UK 46114.9 Food & drug retailers
    113 Petrobras Brazil 45968.8 Oil & gas
    114 Ericsson Sweden 45522.3 Information technology hardware
    115 DaimlerChrysler Germany 45393.1 Automobiles & parts
    116 Walgreen US 45369.8 Food & drug retailers
    117 Rio Tinto PLC Australia/UK 45151.8 Mining
    118 Societe Generale France 45113.1 Banks
    119 United Parcel Service US 44915.4 Support services
    120 Target US 44789.2 General retailers
    121 Carnival Corporation US/UK 44262.4 Leisure & hotels
    122 Lowe’s Cos US 44116.9 General retailers
    123 Texas Instruments US 43876.3 Information technology hardware
    124 Freddie Mac US 43855.8 Speciality & other finance
    125 Takeda Pharmaceutical Japan 42484.9 Pharmaceuticals & biotechnology
    126 Sumitomo Mitsui Financial Japan 42463.7 Banks
    127 ABN Amro Netherlands 42255.6 Banks
    128 Diageo UK 42100.2 Beverages
    129 Schlumberger US 41530.9 Oil & gas
    130 Generali Italy 41191.3 Insurance
    131 A.P. Moller-Maersk A/S Denmark 40645.5 Transport
    132 Credit Agricole France 40060.0 Banks
    133 McDonald’s US 39613.7 Leisure & hotels
    134 BASF Germany 39438.8 Chemicals
    135 Royal Bank of Canada Canada 39159.2 Banks
    136 Manulife Financial Canada 38602.9 Life assurance
    137 Wellpoint US 38230.0 Health
    138 Etisalat UAE 38077.2 Telecommunication services
    139 Taiwan Semiconductor Manufacturing Taiwan 37945.7 Information technology hardware
    140 British American Tobacco UK 37613.0 Tobacco
    141 Carrefour France 37425.4 Food & drug retailers
    142 Statoil Norway 37242.9 Oil & gas
    143 Fortis Belgium 37126.9 Banks
    144 Unicredito Italiano Italy 37087.5 Banks 5.9
    145 Sony Japan 36986.8 Household goods & textiles
    146 Anheuser-Busch US 36820.1 Beverages
    147 Allstate US 36717.9 Insurance
    148 Motorola US 36683.7 Information technology hardware
    149 LVMH France 36649.9 Household goods & textiles
    150 Philips Electronics Netherlands 36257.2 Electronic & electric equipment
    151 Hutchison Whampoa Hong Kong 36205.5 Diversified industrial
    152 Matsushita Electric Industrial Japan 36144.2 Electronic & electric equipment
    153 Anglo American UK 35410.7 Mining
    154 Yahoo Japan Japan 35344.8 Software & computer services
    155 Companhia Vale do Rio Doce Brazil 35205.9 Mining
    156 Washington Mutual US 34730.3 Banks
    157 Commonwealth Bank of Australia Australia 34405.8 Banks
    158 National Australia Bank Australia 34340.5 Banks
    159 Apple Computer US 34051.6 Information technology hardware
    160 Samba Financial Saudi Arabia 33565.2 Banks
    161 BT Group UK 32993.1 Telecommunication services
    162 Bank of Nova Scotia Canada 32970.2 Banks
    163 Vivendi Universal France 32851.3 Media & entertainment
    164 Tepco Japan 32802.3 Electricity
    165 EnCana Canada 32510.7 Oil & gas
    166 Repsol-YPF Spain 32320.5 Oil & gas
    167 America Movil Mexico 31786.2 Telecommunication services
    168 RWE Germany 31731.4 Utilities – other
    169 Sprint US 31684.2 Telecommunication services
    170 Honeywell International US 31657.2 Aerospace & defence
    171 Kimberly-Clark US 31633.9 Personal care & household products
    172 First Data US 31522.3 Support Services
    173 MBNA US 31366.9 Speciality & other finance
    174 Caterpillar US 31358.2 Engineering & machinery
    175 Nextel Communications US 31178.6 Telecommunication services
    176 KBC Groupe Belgium 30890.3 Banks
    177 Exelon US 30332.2 Electricity
    178 BMW Germany 30220.8 Automobiles & parts
    179 Banca Intesa Italy 30156.5 Banks 5.1
    180 Surgutneftegas OAO Russia 30102.2 Oil & gas
    181 Prudential Financial US 30077.6 Life assurance
    182 EMC US 29617.4 Information technology hardware
    183 ANZ Banking Australia 29148.5 Banks
    184 Liberty Media US 29051.6 Media & entertainment
    185 Nordea Bank Sweden 28822.1 Banks
    186 Lukoil Russia 28791.6 Oil & gas
    187 Metlife US 28657.3 Life assurance
    188 National Grid Transco UK 28612.1 Utilities – other
    189 Fedex US 28379.9 Support services
    190 Occidental Petroleum US 28270.9 Oil & gas
    191 Al Rahji Banking & Investment Saudi Arabia 27891.9 Banks
    192 Oil & Natural Gas India 27873.8 Oil & gas
    193 TeliaSonera Sweden 27807.4 Telecommunication services
    194 Alcon US 27596.1 Health
    195 Munich Re Germany 27591.2 Insurance
    196 Nomura Holdings Japan 27500.0 Speciality & other finance
    197 BG UK 27466.3 Oil & gas
    198 Suez France 27465.1 Utilities – other
    199 Colgate-Palmolive US 27400.5 Personal care & household products
    200 Aviva UK 27381.3 Life assurance
    201 Dexia Belgium 27245.6 Banks
    202 Emerson Electric US 27226.7 Electronic & electric equipment
    203 Toronto Dominion Bank Canada 27200.5 Banks
    204 UFJ Holdings Japan 27155.4 Banks
    205 Applied Materials US 27102.1 Information technology hardware
    206 Deutsche Post Germany 27093.7 Support services
    207 Lockheed Martin US 26936.1 Aerospace & defence
    208 Duke Energy US 26824.9 Electricity
    209 Schering Plough US 26770.7 Pharmaceuticals & biotechnology
    210 Danone France 26676.2 Food producers & processors
    211 Westpac Banking Australia 26555.9 Banks
    212 Alcoa US 26485.5 Steel & other metals
    213 Automatic Data Processing US 26210.2 Support Services
    214 Illinois Tool Works US 26165.9 Engineering & machinery
    215 Imperial Oil Canada 26036.2 Oil & gas
    216 Lehman Brothers US 26007.3 Speciality & other finance
    217 Suntrust Banks US 26005.1 Banks
    218 Singapore Telecommunications Singapore 25988.6 Telecommunication services
    219 Renault France 25452.1 Automobiles & parts
    220 Hang Seng Bank Hong Kong 25364.6 Banks
    221 Dominion Resources US 25350.3 Electricity
    222 Zurich Financial Services Switzerland 25280.2 Insurance
    223 Saudi Electricity Saudi Arabia 25274.0 Electricity
    224 Hennes & Mauritz Sweden 25132.6 General retailers
    225 Millea Holdings Japan 25124.2 Insurance
    226 HCA US 24762.5 Health
    227 St. Paul Travelers US 24589.3 Insurance
    228 Boston Scientific US 24567.2 Health
    229 Electrabel Belgium 24542.6 Electricity
    230 Reed Elsevier Netherlands/UK 24338.1 Media & entertainment
    231 Swisscom Switzerland 24279.1 Telecommunication services
    232 EADS France 24206.4 Aerospace & defence
    233 Cardinal Health US 24195.2 Health
    234 Seven-Eleven Japan Japan 24157.4 Food & drug retailers
    235 Bayer Germany 24144.8 Chemicals
    236 Guidant US 23840.1 Health
    237 Endesa Spain 23815.0 Electricity
    238 Fifth Third Bancorp US 23780.2 Banks
    239 Iberdrola Spain 23586.7 Electricity
    240 Southern Company US 23496.3 Electricity
    241 Standard Chartered UK 23298.5 Banks
    242 Bank of Montreal Canada 23289.1 Banks
    243 TXU US 23188.3 Electricity
    244 BCE Canada 23137.1 Telecommunication services
    245 San Paolo IMI Italy 23102.1 Banks
    246 Swiss RE Switzerland 23070.2 Insurance
    247 Reckitt Benckiser UK 22942.6 Personal care & household products
    248 Devon Energy US 22892.3 Oil & gas
    249 Resona Japan 22807.1 Banks 2
    250 Sysco US 22801.3 Food producers & processors
    251 Prudential UK 22702.1 Life assurance 9.6
    252 Bank of New York US 22587.6 Banks
    253 Japan Tobacco Japan 22194.9 Tobacco
    254 CNOOC Ltd Hong Kong 22102.4 Oil & gas
    255 Aetna US 22062.7 Health
    256 Denso Japan 22012.7 Automobiles & parts
    257 Thomson Canada 21844.7 Media & entertainment
    258 Halliburton US 21817.7 Oil & gas
    259 Sun Hung Kai Properties Hong Kong 21775.1 Real estate 9.1
    260 National City US 21666.1 Banks
    261 Cendant US 21625.3 Leisure & hotels
    262 East Japan Railway Japan 21486.1 Transport
    263 BB&T Corporation US 21433.7 Banks
    264 General Dynamics US 21423.9 Aerospace & defence
    265 Norsk Hydro Norway 21329.3 Oil & gas
    266 CVS Corporation US 21286.7 Food & drug retailers
    267 Westfield Group Australia 21258.3 Real estate
    268 Canadian Imperial Bank of Commerce Canada 21111.3 Banks
    269 Costco Wholesale US 21103.1 General retailers
    270 Baxter International US 21057.5 Health
    271 SLM US 21015.3 Speciality & other finance
    272 KDDI Japan 21000.9 Telecommunication services
    273 Aegon Netherlands 20955.1 Life assurance
    274 Hitachi Japan 20918.8 Information technology hardware
    275 KPN Netherlands 20837.7 Telecommunication services
    276 Saint-Gobain France 20777.5 Construction & building materials
    277 Cadbury Schweppes UK 20764.9 Food producers & processors
    278 British Sky Broadcasting UK 20715.8 Media & entertainment
    279 Google US 20714.3 Software & computer services
    280 Telefonos de Mexico Mexico 20640.6 Telecommunication services
    281 Sears Holdings US 20614.4 General retailers
    282 Starbucks US 20601.5 Leisure & hotels
    283 Cheung Kong Hong Kong 20560.1 Real estate 8.9
    284 Mitsubishi Corp Japan 20354.2 Diversified industrial
    285 Hartford Financial Services US 20274.0 Insurance
    286 Burlington Northern Santa Fe US 20273.5 Transport
    287 Avon Products US 20247.2 Personal care & household products
    288 InBev SA Belgium 20142.9 Beverages
    289 Air Liquide France 20090.4 Chemicals
    290 Apache US 20089.3 Oil & gas
    291 DIRECTV US 19983.9 Media & entertainment
    292 Gannett US 19943.9 Media & entertainment
    293 Ford Motor US 19941.4 Automobiles & parts
    294 Chunghwa Telecom Taiwan 19932.8 Telecommunication services
    295 Shell Canada Canada 19796.2 Oil & gas
    296 O2 UK 19604.1 Telecommunication services
    297 Great West Lifeco Canada 19580.3 Life assurance
    298 Danske Bank Denmark 19505.8 Banks
    299 Boc Hong Kong Hong Kong 19448.1 Banks 1.8
    300 Northrop Grumman US 19447.2 Aerospace & defence
    301 Teva Pharmaceutical Industries Israel 19437.5 Pharmaceuticals & biotechnology
    302 Sun Life Financial Canada 19384.2 Life assurance
    303 Volvo Sweden 19383.1 Engineering & machinery
    304 Burlington Resources US 19376.9 Oil & gas
    305 Clear Channel Communications US 19327.7 Media & entertainment
    306 Kansai Electric Power Japan 19302.1 Electricity
    307 Zimmer Holdings US 19195.0 Health
    308 Central Japan Railway Japan 19176.4 Transport
    309 Imperial Tobacco UK 19063.5 Tobacco
    310 Volkswagen Germany 18962.1 Automobiles & parts
    311 Countrywide Financial US 18840.4 Speciality & other finance
    312 Anadarko Petroleum US 18822.4 Oil & gas
    313 Ambev Brazil 18818.2 Beverages
    314 Fuji Photo Film Japan 18812.8 Media & entertainment
    315 Valero Energy US 18804.4 Oil & gas
    316 Gap US 18750.3 General retailers
    317 AFLAC US 18699.1 Life assurance
    318 Power Financial Canada 18668.4 Life assurance
    319 Inditex Spain 18643.3 General retailers
    320 Golden West Financial US 18568.8 Speciality & other finance
    321 Capital One Financial US 18481.9 Speciality & other finance
    322 Progressive US 18360.8 Insurance
    323 Suncor Energy Inc Canada 18286.3 Oil & gas
    324 Banco Itau Brazil 18232.4 Banks
    325 AIB Ireland 18196.6 Banks
    326 Union Pacific US 18191.6 Transport
    327 Caremark RX US 18179.0 Health
    328 Canadian National Railway Canada 18072.7 Transport
    329 International Paper US 18039.1 Forestry & paper
    330 HypoVereinsbank Germany 17990.0 Banks
    331 Stryker US 17973.5 Health
    332 General Mills US 17943.6 Food producers & processors
    333 Kellogg US 17929.9 Food producers & processors
    334 Kohls US 17729.6 General retailers
    335 Schneider Electric France 17726.9 Electronic & electric equipment
    336 Best Buy US 17719.3 General retailers
    337 Chubu Electric Power Japan 17694.4 Electricity
    338 Metro AG Germany 17537.4 General retailers
    339 Raytheon US 17534.8 Aerospace & defence
    340 Sara Lee US 17491.5 Food producers & processors
    341 Reliance Industries India 17423.2 Chemicals
    342 Kraft Foods US 17408.8 Food producers & processors
    343 Newmont Mining US 17322.0 Mining
    344 POSCO South Korea 17248.8 Steel & other metals
    345 SABMiller UK 17231.1 Beverages
    346 Nippon Steel Japan 17202.8 Steel & other metals
    347 Franklin Resources US 17188.6 Speciality & other finance
    348 GUS UK 17182.5 General retailers
    349 Monsanto US 17174.7 Chemicals
    350 Formosa Petrochemical Taiwan 17004.2 Chemicals
    351 Mediaset Italy 16998.6 Media & entertainment
    352 Heineken Netherlands 16979.7 Beverages
    353 Fortum Finland 16977.4 Utilities – other
    354 Harley Davidson US 16864.3 Automobiles & parts
    355 Sharp Japan 16800.5 Electronic & electric equipment
    356 Novo Nordisk Denmark 16757.2 Pharmaceuticals & biotechnology
    357 Ito Yokado Japan 16755.0 General retailers
    358 Unocal US 16691.6 Oil & gas
    359 McGraw-Hill US 16602.2 Media & entertainment
    360 General Motors US 16600.2 Automobiles & parts
    361 Alltel US 16590.8 Telecommunication services
    362 Lafarge France 16552.6 Construction & building materials
    363 Deere US 16547.9 Engineering & machinery
    364 Danaher US 16514.4 Engineering & machinery
    365 Weyerhaeuser US 16471.9 Forestry & paper
    366 Korea Electric Power South Korea 16468.3 Electricity
    367 Loblaw Canada 16466.3 Food & drug retailers
    368 Svenska Handelsbanken Sweden 16424.6 Banks
    369 Adobe Systems US 16402.9 Software & computer services
    370 Waste Management US 16400.5 Support services
    371 Richemont Switzerland 16393.3 Household goods & textiles
    372 JFE Holdings Japan 16374.1 Steel & other metals
    373 Transocean US 16364.3 Oil & gas
    374 Omnicom US 16356.5 Media & entertainment
    375 Marathon Oil US 16281.9 Oil & gas
    376 Shin Etsu Chemical Japan 16280.4 Chemicals
    377 Centrica UK 16148.7 Utilities – other
    378 Archer Daniels Midland US 16123.4 Food producers & processors
    379 Gilead Sciences US 16105.8 Pharmaceuticals & biotechnology
    380 Marsh & McLennan US 16089.8 Insurance
    381 Computer Associates Intl US 16025.8 Software & computer services
    382 National Thermal Power India 16001.8 Electricity
    383 Entergy Corporation US 15954.3 Electricity
    384 Electronic Arts US 15944.9 Software & computer services
    385 Alcatel France 15830.0 Information technology hardware
    386 Cathay Financial Taiwan 15789.2 Speciality & other finance 1.9
    387 RAS Italy 15786.4 Insurance
    388 BAE Systems UK 15735.0 Aerospace & defence
    389 Banco Popular Espanol Spain 15726.0 Banks
    390 Telenor Group Norway 15712.9 Telecommunication services
    391 Sasol South Africa 15695.5 Oil & gas
    392 Corning US 15690.9 Information technology hardware
    393 Staples US 15566.0 General retailers
    394 Nike US 15535.8 Household goods & textiles
    395 Peugeot France 15450.1 Automobiles & parts
    396 Masco US 15435.1 Construction & building materials
    397 Praxair US 15429.1 Chemicals
    398 Chubb US 15391.5 Insurance
    399 Nintendo Japan 15391.3 Software & computer services
    400 Bridgestone Japan 15313.0 Automobiles & parts
    401 Wal-Mart de Mexico Mexico 15310.4 General retailers
    402 Bank of Ireland Ireland 15227.0 Banks
    403 Canadian Natural Resources Canada 15150.7 Oil & gas
    404 Petro Canada Canada 15143.8 Oil & gas
    405 Symantec Corp US 15134.4 Software & computer services
    406 Tata Consultancy Services India 15116.3 Software & computer services
    407 Yum! Brands US 15096.4 Leisure & hotels
    408 Mitsubishi Estate Japan 15096.1 Real estate
    409 STMicroelectronics France 15063.1 Information technology hardware
    410 Regions Financial US 15052.8 Banks
    411 Baker Hughes US 15045.9 Oil & gas
    412 Kookmin Bank South Korea 15014.7 Banks
    413 AT&T US 15006.5 Telecommunication services
    414 Fanuc Japan 14987.1 Electronic & electric equipment
    415 Belgacom Belgium 14961.9 Telecommunication services
    416 FPL Group US 14961.7 Electricity
    417 Marriott International US 14950.7 Leisure & hotels
    418 AGF France 14901.1 Insurance
    419 Norfolk Southern US 14830.3 Transport
    420 J C Penney US 14828.6 General retailers
    421 Autostrade Italy 14801.7 Transport
    422 Riyad Bank Saudi Arabia 14786.0 Banks
    423 Becton Dickinson US 14775.3 Health
    424 Arcelor France 14623.0 Steel & other metals
    425 Mitsui Japan 14606.3 Diversified industrial
    426 State Street Corporation US 14582.0 Speciality & other finance
    427 PNC Financial Services US 14568.1 Banks
    428 Xerox US 14504.2 Information technology hardware
    429 Softbank Japan 14488.4 Software & computer services
    430 Bank Austria Creditanstalt Austria 14486.1 Banks
    431 Veolia Environnement France 14416.2 Utilities – other
    432 Air Products and Chemicals US 14404.7 Chemicals
    433 Scottish Power UK 14396.0 Electricity
    434 Genzyme US 14385.2 Pharmaceuticals & biotechnology
    435 Research in Motion Canada 14381.0 Information technology hardware
    436 Hon Hai Precision Industry Taiwan 14333.9 Electronic & electric equipment
    437 Scottish & Southern Energy UK 14298.7 Electricity
    438 WPP Group UK 14241.4 Media & entertainment
    439 LG Philips LCD South Korea 14152.7 Electronic & electric equipment
    440 Holcim Switzerland 14143.4 Construction & building materials
    441 IAC/InterActiveCorp US 14124.7 General retailers
    442 Amazon.com US 14070.2 General retailers
    443 Alcan Canada 14067.2 Steel & other metals
    444 Mobile Telesystems Russia 14029.0 Telecommunication services
    445 Conagra Foods US 13928.8 Food producers & processors
    446 CRH Ireland 13921.1 Construction & building materials
    447 Legal & General UK 13912.2 Life assurance 2.1
    448 Mitsui Sumitomo Insurance Japan 13871.4 Insurance 9.2
    449 Charles Schwab US 13868.2 Speciality & other finance
    450 SK Telecom South Korea 13854.6 Telecommunication services
    451 FirstEnergy US 13836.6 Electricity
    452 Accenture US 13830.6 Support services
    453 Ingersoll-Rand US 13817.7 Engineering & machinery
    454 PTT Thailand 13802.1 Oil & gas
    455 CLP Holdings Hong Kong 13706.3 Electricity
    456 Mediobanca Italy 13681.9 Speciality & other finance
    457 Portugal Telecom Portugal 13671.1 Telecommunication services
    458 TPG Netherlands 13666.8 Support services /12/2004
    459 Loews Corporation US 13650.6 Diversified industrial
    460 Medco Health Solutions US 13649.2 Health
    461 Kyocera Japan 13648.1 Electronic & electric equipment
    462 Sun Microsystems US 13646.6 Information technology hardware
    463 DnB NOR Norway 13632.9 Banks
    464 Standard Bank South Africa 13615.6 Banks
    465 Apollo Group US 13601.2 Support services
    466 PG&E US 13520.2 Electricity
    467 American Electric Power US 13482.9 Electricity
    468 DBS Group Singapore 13476.2 Banks 9 8.9 2.7
    469 Analog Devices US 13462.6 Information technology hardware
    470 Toshiba Japan 13448.6 Information technology hardware
    471 Simon Property US 13397.6 Real estate
    472 United Overseas Bank Singapore 13395.6 Banks 8.7
    473 Skandinaviska Enskilda Banken Sweden 13384.5 Banks
    474 Maxim Integrated Products US 13352.8 Information technology hardware
    475 Bradesco Brazil 13346.2 Banks
    476 Infosys Technologies Ltd India 13316.2 Software & computer services
    477 Saudi British Bank Saudi Arabia 13292.5 Banks
    478 Christian Dior France 13252.5 Household goods & textiles
    479 North Fork Bancorp US 13186.0 Banks
    480 KeyCorp US 13185.2 Banks
    481 Bouygues France 13172.5 Construction & building materials
    482 Talisman Energy Canada 13139.0 Oil & gas
    483 Woolworths Australia 13099.1 Food & drug retailers
    484 Pinault-Printemps-Redoute France 13095.2 General retailers
    485 Etihad Etisalat Saudi Arabia 13093.3 Telecommunication services
    486 Akzo Nobel Netherlands 13065.8 Chemicals
    487 Ahold Netherlands 13017.1 Food & drug retailers
    488 St Jude Medical US 12992.4 Health
    489 Forest Laboratories US 12983.6 Pharmaceuticals & biotechnology
    490 Commerzbank Germany 12983.1 Banks
    491 Cemex Mexico 12977.0 Construction & building materials
    492 Public Service Enterprise US 12963.9 Electricity
    493 Schering Germany 12902.5 Pharmaceuticals & biotechnology
    494 H J Heinz US 12896.3 Food producers & processors
    495 Gas Natural Spain 12875.9 Utilities – other
    496 Woodside Petroleum Australia 12875.8 Oil & gas
    497 ABB Switzerland 12865.0 Electronic & electric equipment
    498 Kingfisher UK 12804.0 General retailers
    499 T-Online International Germany 12787.5 Software & computer services
    500 Synthes Switzerland 12783.3 Health