Bloomberg, Rockefeller AM Launch ESG 'Improvers' Index
January 11 2021 - 12:53PM
Dow Jones News
By Dieter Holger
Bloomberg LP and Rockefeller Asset Management launched an
environmental, social and governance benchmark that ranks companies
based on how they have improved their sustainability performance
compared to their industry peers.
Bloomberg and Rockefeller Asset Management said Monday that the
new Bloomberg Rockefeller U.S. All Cap Multi-Factor ESG Improvers
Index uses a proprietary ESG scoring system developed by
Rockefeller Asset Management. It also takes into account
shareholder engagement with companies that "catalyze positive
change."
The index, abbreviated as BRAMUT, contains 200 companies with
the technology sector making up 28.07% of the index, followed by
health care at 13.88%, consumer discretionary at 12.17%,
communications at 10.98% and financials at 9.33%, according to the
index's fact sheet. Top holdings are Apple Inc., Microsoft Corp.,
Amazon.com Inc., Facebook Inc., Alphabet Inc., Visa Inc., Procter
& Gamble Co., Tesla Inc. and PayPal Holdings Inc.
"We believe that investors will increasingly differentiate
between ESG leaders and improvers--firms showing the greatest
improvement in their ESG footprint," Casey Clark, global head of
ESG investments at Rockefeller Asset Management, said in prepared
remarks.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
January 11, 2021 12:38 ET (17:38 GMT)
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