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Share Name Share Symbol Market Type
S&P Global Inc. NYSE:SPGI NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  +$0.00 +0.00% $226.23 - - - 0 12:29:54

S&P Dow Jones Indices Launches S&P 500 ESG Index

08/04/2019 12:29pm

Dow Jones News


S&P Global Inc. (NYSE:SPGI)
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   By Maitane Sardon 
 

S&P Dow Jones Indices, a unit of S&P Global Inc. (SPGI), is launching an ESG version of its S&P 500 index to meet increasing investor demand for sustainable investment vehicles based on U.S. equities, the company said Monday.

The S&P 500 ESG Index will replicate the risk and return of the S&P 500--the market-cap-weighted index of the 500 largest publicly traded companies in the U.S.--while integrating environmental, social and governance criteria.

The index will target 75% of the traditional S&P 500's market capitalization at the industry-level based on the Global Industry Classification Standard.

The index will exclude tobacco, makers of certain weapons and companies with a low score in relation to the United Nations Global Compact principles for responsible businesses. S&P will use data from ESG ratings providers Sustainalytics and Arabesque to screen out ineligible companies.

S&P Dow Jones Indices said the new S&P 500 ESG index will serve as a performance tracking tool and a building block for new ESG index-based investment vehicles and passive investing solutions, such as exchange-traded funds.

As part of the ESG index launch, S&P said it is introducing a new range of ESG scores. These will be calculated by SAM, a unit of money-manager RobecoSAM that provides ESG data, ratings and benchmarks.

In the coming months the company plans to launch more ESG indices based on other regional and country-specific large and midcap benchmarks used in the Americas, Europe, Middle East and Africa and Asia-Pacific.

 

Write to Maitane Sardon at maitane.sardon@dowjones.com

 

(END) Dow Jones Newswires

April 08, 2019 07:14 ET (11:14 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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