State Street Global Advisors has launched the SPDR Bloomberg SASB Corporate Bond ESG Select ETF.

SSAG says the ETF provides exposure to ESG aware US dollar-denominated investment grade corporate bonds and tracks the Bloomberg SASB US Corporate ESG Ex-Controversies Select Index.

The index measures the performance of investment grade corporate bonds issued by companies that demonstrate certain ESG characteristics, while also exhibiting risk and return characteristics that are comparable to those of the Bloomberg Barclays US Corporate Index.

The index methodology excludes issuers from the Bloomberg Barclays US Corporate Index that are involved in, and/or which derive significant revenue from, operations related to extreme event controversies, controversial weapons, UN global compact violations, civilian firearms, thermal coal extraction, and tobacco.