Swiss exchange SIX has launched a new ESG index for Swiss equities.

The SPI ESG 25 is a subset of the broader SPI ESG Index and comprises 25 companies based on the highest combined scores in market capitalization, on-order-book turnover and ESG Impact Ratings provided by rating company Inrate.

Only those companies that are part of the broader SPI ESG Index may qualify for the SPI ESG 25. That means that companies must have an Inrate ESG Impact Rating of at least C+ and comply with UNGC Principles and OECD Guidelines. They also cannot exceed a certain threshold of revenue from critical activities like adult entertainment, alcohol, armaments, gambling, genetic engineering, nuclear energy, coal, fossil fuels, and tobacco. The index is reviewed annually in September and the weightings and ESG tilts adjusted quarterly.

Dr. Christian Bahr, Head Index Services & ESG, Financial Information at SIX, said, “With these launches, SIX is further strengthening its ability to deliver tailored index solutions for clients both in Switzerland and internationally. Both indices are part of our broader strategy to expand our range of ESG-focused and alternative weighting solutions. Their introduction comes in a year of significant milestones: five years of SIX Swiss ESG Indices, five years of partnership with Inrate, and Inrate’s 25th anniversary.”

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