CME to launch S&P Europe 350 ESG futures

CME Group is to launch futures contracts in the E-mini S&P Europe 350 ESG Index.

The S&P Europe 350 ESG Index is a broad-based, market-cap weighted index that is designed to measure the performance of securities meeting sustainability criteria and incorporates S&P DJI ESG Scoring. The E-mini S&P Europe 350 ESG Index futures will be cash-settled in EUR and be available for trading on May 24, pending regulatory review.

“Interest in ESG strategies continues to increase as financial institutions incorporate sustainable investing objectives into their trading strategies,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. “Futures products can be an important part of the solution. This latest addition to our ESG offerings will allow market participants in this region to gain exposure to a European index based on a robust ESG methodology – all to meet their risk management needs.”