S&P Dow Jones adds two SDG indices

S&P Dow Jones Indices has launched the S&P 500 SDG Index and the S&P Global LargeMidCap SDG Index.

The new SDG-focused indices are designed to offer equity exposure to companies that are more aligned with the United Nations’ 17 Sustainable Development Goals (SDGs). S&P says they apply data that measures the specific external impact that companies’ products and activities are making on society and the environment, regardless of the financial materiality implications. The data is licensed from Impact Cubed, a London-based provider of ESG impact data and portfolio solutions.

Jas Duhra, Global Head of Sustainability Indices at S&P DJI, says, “S&P Dow Jones Indices is excited to bring to market these two new indices that offer market participants a unique and alternative way of tracking and measuring companies’ alignment with specific UN sustainability targets. These indices utilize the S&P 500 Index and the S&P Global Large MidCap Index as their underlying parent and reference benchmarks for constituent screening and selection.”