Summary
The STOXX® Europe 600 ESG-X index is based on the STOXX® Europe 600 index, one of Europe's key benchmarks, with standardized ESG exclusion screens applied. The screens are based on the responsible policies of leading asset owners and aims to reduce reputational and idiosyncratic risks. STOXX will exclude companies that ISS ESG considers to be non-compliant based on Norms-based research, are involved in Controversial Weapons, are Tobacco Producers and that either derive revenues from Thermal Coal extraction or exploration, or, have power generation capacity that utilises thermal coal. The STOXX® Europe 600 ESG-X index is suitable as underlying for mandates, passive funds, ETFs, structured products and listed derivatives, with the ambition to increase liquidity and lower the cost of trading.
In February 2019, the STOXX® Europe 600 ESG-X Index became the underlying for Europe’s first ESG futures contracts, listed on Eurex.
Since October 21, 2019 Eurex too offers options contracts on the STOXX® Europe 600 ESG-X Index.
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This index applies screens in alignment with the ESMA guidelines on funds’ names using ESG or sustainability-related terms, which include controversial weapons, Tobacco, Coal (>1%), Oil fuels (>10%), Gaseous fuels (>50%/ Power generation), UNGC principles / OECD guidelines. Per the ESMA guidelines on funds’ names using ESG or sustainability-related terms, this index meets an 80% threshold linked to the proportion of investments used to meet environmental or social characteristic or sustainable investment objectives in accordance with the binding elements of the investment strategy.
Index Guides, Benchmark statement, and other reports are available under the Data tab.
Details
Top 10 Components
| NESTLE | CH |
| SAP | DE |
| ASML HLDG | NL |
| ROCHE HLDG P | CH |
| NOVARTIS | CH |
| ASTRAZENECA | GB |
| NOVO NORDISK B | DK |
| HSBC | GB |
| UNILEVER PLC | GB |
| SIEMENS | DE |
