STOXX and the Intercontinental Exchange have launched a new suite of fixed income climate indices launched.

The STOXX ICE Fixed Income Sustainability indices cover the investment-grade segment in US dollars, euros, sterling and other currencies, and high-yield bonds in dollars and euros.

They are constructed to comply with, and exceed, the European Union’s Paris-aligned Benchmark and Climate Transition Benchmark requirements.

ICE, the owner of the New York Stock Exchange and a leading provider of market technology and data, will be responsible for pricing, reference data and index calculation services. STOXX, which developed the indices, will oversee their administration and provide its proprietary data.

Axel Lomholt, General Manager at STOXX, said, “Working with ICE Data Indices enables us to accelerate the delivery of fixed income benchmarks tailored to market demand. This collaboration brings together two leading financial companies and skill sets to launch and operate a suite of indices that addresses the growing demand for sustainable investment products in the bond market.”

Chris Edmonds, President of ICE Fixed Income and Data Services, said, “By combining STOXX’s experience in sustainability data and methodologies with our leading fixed income pricing, reference data and index calculation solutions, together we are creating powerful new benchmark products combining the expertise of two globally recognized and respected providers of data to fixed income markets. We’re thrilled to work with STOXX and look forward to continuing to work together on new products and services.”

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