LONDON, Sept. 28,
2022 /PRNewswire/ -- S&P Dow Jones
Indices ("S&P DJI"), the world's leading index provider,
today announced the launch of the iBoxx EUR Corporates Net Zero
2050 Paris-Aligned ESG index. This climate-focused bond
index expands S&P DJI's Paris-Aligned and Climate Transition
(S&P PACT™) indexing capabilities and adds to its growing
line-up of global iBoxx fixed income indices. The iBoxx family of
indices is now part of S&P DJI following the completion of
S&P Global's merger with IHS Markit earlier this
year.
The new iBoxx EUR Corporates Net Zero 2050 Paris-Aligned ESG
index measures the performance of eligible investment grade
corporate bonds which are selected and weighted from its parent
iBoxx EUR Corporates index, taking into account environmental,
social and governance (ESG) elements.
This climate-focused index aims to meet and exceed the standards
for the European Union's Paris-Aligned Benchmarks (EU PABs) while
incorporating factors to address transition risk and climate change
opportunities which are aligned with the recommendations of the
Financial Stability Boards' Task Force on Climate related Financial
Disclosures (TCFD). In addition, the index optimizes fixed income
related risks and returns to closely track the performance of its
parent benchmark.
"S&P Dow Jones Indices is proud to offer a wider range of
indexing choices from equities to fixed income to help our
customers and other market participants measure and mitigate
climate and environmental-related risks. As an independent index
provider, our goal is to provide the market with end-to-end
multi-asset benchmarking solutions that help facilitate and
contribute to long-term sustainability as corporations and
institutions transition and strive towards a low-carbon future,"
said Smadar Shulman, EMEA Head of
Fixed Income Indices at S&P DJI.
The iBoxx EUR Corporates Net Zero 2050 Paris-Aligned ESG index
constituents are selected and weighted to be collectively
compatible with a 1.5ºC global warming climate scenario at the
index level. The index screens and excludes constituents that are
involved in specific business activities, have violations against
the principles of the United Nations Global Compact (UNGC), and
involved in ESG controversies.
Similar to S&P DJI's existing S&P PACT Indices, the
iBoxx EUR Corporates Net Zero 2050 Paris-Aligned ESG index utilizes
multiple ESG data sources including rich proprietary datasets and
analytics from Trucost, part of S&P Global.
Since 2020, S&P DJI has launched different variations of its
equity S&P PACT indices to meet customers diverse needs. In the
coming months, the index provider plans to launch additional fixed
income S&P PACT indices including those that reflect different
currencies.
The research and methodology on the S&P Paris-Aligned &
Climate Transition (S&P PACT) Indices is published and
available at S&P DJI's website:
https://www.spglobal.com/spdji/en/.
The iBoxx EUR Corporates Net Zero 2050 Paris-Aligned ESG Index
factsheet is available here
ABOUT S&P DOW JONES INDICES
S&P
Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P
500® and the Dow Jones Industrial
Average®. More assets are invested in
products based on our indices than products based on indices from
any other provider in the world. Since Charles Dow invented the first index in
1884, S&P DJI has been innovating and
developing indices across the spectrum of asset classes helping to
define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit https://www.spglobal.com/spdji/en/.
FOR MORE INFORMATION:
S&P DOW JONES INDICES
spdji.comms@spglobal.com
April Kabahar
Global Head of Communications
(+1)
212-438-7530
april.kabahar@spglobal.com
Asti Michou
EMEA Communications
(+44) 7970 887
863
asti.michou@spglobal.com
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SOURCE S&P Dow Jones Indices