S&P Biodiversity Indices
S&P Dow Jones Indices launches two biodiversity indices: the S&P 500 Biodiversity Index and the S&P Global LargeMidCap Biodiversity Index.
The new biodiversity indices will provide asset managers and other financial institutions with a range of sustainability-oriented performance benchmarking tools to help them understand, measure and analyze the impact of their investments on the natural world.
Related Post: Euronext Launches World’s First Biodiversity Enablers Index
Introduction to the S&P 500 Biodiversity Index
The S&P 500 Biodiversity Index screens and weights the constituent stocks of the S&P 500 Index to reduce the impact of constituent stocks on the ecosystem and strengthen the consistency of the index with the United Nations Sustainable Development Goals. The new index is weighted by market capitalization with two currency units: USD and EUR and is rebalanced in June and December every year. Its return in the past year is 30.57%, exceeding the return of the S&P 500 Index in the past year (27.52%).
The S&P 500 Biodiversity Index has a total of 400 constituents, of which the information technology industry (30.3%), financial industry (13.2%) and healthcare industry (13%) account for a high proportion. All constituents are from the United States, and their total market value is US$38.05 trillion.
Introduction to the S&P Global LargeMidCap Biodiversity Index
The S&P Global LargeMidCap Biodiversity Index screens and weights the constituent stocks of the S&P Global LargeMidCap Index to reduce the impact of the constituent stocks on the ecosystem and strengthen the consistency of the index with the United Nations Sustainable Development Goals. The new index is weighted by market capitalization with two currency units: USD and EUR. It is rebalanced in June and December every year. Its return in the past year was 22.40%, exceeding the S&P Global LargeMidCap Index in the past year (21.07%).
The S&P Global LargeMidCap Biodiversity Index has a total of 1,325 constituents, of which the information technology industry (23.6%), the financial industry (16.4%) and the healthcare industry (11.6%) account for a high proportion. The constituents mainly come from the United States (368), Japan (184), the United Kingdom (55).
Reference:
S&P Dow Jones Indices Launches Biodiversity-Focused Benchmarks
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