Invesco will offer investors an ESG version of its S&P 500 Equal Weight ETF.

The Invesco ESG S&P 500 Equal Weight ETF tracks the S&P 500 Equal Weight ESG Leaders Select Index which uses an ESG overlay to select ESG leaders from each industry group in the S&P 500 Equal Weight Index. The index measures the performance of securities from the S&P 500 Equal Weight Index and targets 40% of the number of constituents of each Global Industry Classification Standard Industry Group, using an S&P DJI ESG score as the defining characteristic.

“S&P Dow Jones Indices has been a pioneer in ESG, providing benchmarks for investors seeking to align their investment goals with their individual values for over 20 years,” said Margaret Dorn, Senior Director, Head of ESG Indices, North America, S&P Dow Jones Indices. “The launch of the S&P 500 Equal Weight ESG Leaders Select Index reflects the continued evolution of ESG investing by combining a smart beta factor into an ESG benchmark. We are excited to license this Index to Invesco to expand the opportunities of equal weight into the ESG environment.”