Qontigo has launched two new sets of climate indices that align with EU regulatory objectives to reduce global warming.
The STOXX Paris-Aligned Benchmark Indices and the STOXX Climate Transition Benchmark Indices track the performance of liquid securities from a selection of underlying STOXX Benchmark indices. Both comply with requirements as laid out by the European Commission’s Technical Expert Group (TEG) Final Report. The Climate Benchmark Regulation is part of the European Commission’s Action Plan on financing sustainable growth. The indices were constructed in collaboration with ISS ESG and Sustainalytics, two of the leading providers of sustainability data. Companies identified as non-compliant based on Sustainalytics’ Global Standards Screening assessment or are involved in Controversial Weapons or Tobacco Production are not eligible for index selection.
Each of the STOXX PAB and the STOXX CTB families covers the following benchmarks:
EURO STOXX® Climate Transition Benchmark
EURO STOXX® Total Market Climate Transition Benchmark
STOXX® Europe 600 Climate Transition Benchmark
STOXX® Global 1800 Climate Transition Benchmark
STOXX® USA 500 Climate Transition Benchmark
STOXX® USA 900 Climate Transition Benchmark