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THEME INDICES

ISS STOXX Europe 600 Net Zero Transition

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Index Description

The ISS STOXX Net Zero Transition Indices track the performance of securities from a selection of STOXX Benchmark Indices. These indices have the aim of helping investors to incentivize companies to transition and align with the International Energy Agency’s Net Zero Emissions by 2050 Scenario (IEA NZE Scenario) Pathway with the objective of achieving the target alignment to the 2050 carbon budget by 2040. The key features of these indices include the emphasis on real-world decarbonization by targeting key high impact sectors, and the forward-looking view on climate performance to encourage climate leadership and allow for engagement. Companies that are non-compliant based on the ISS ESG Norms Based Screening assessment or are involved in Controversial Weapons are not eligible for selection. Additional exclusion filters are applied, screening companies for involvement in Tobacco, Thermal Coal, Unconventional Oil & Gas, Civilian Firearms, and Military Contracting. The exclusion criteria include a thermal coal phase-out for developed countries by 2030 and for emerging countries by 2040.

Key facts

  • The index methodology underweights issuers that are projected to exceed their IEA NZE Scenario 2050 carbon budgets.
  • The index currently meets its projected 2030 carbon budgets and is expected to meet its projected 2050 carbon budgets by 2040 based on the IEA NZE Scenario.
  • The index overweights companies that, according to ISS ESG data, are “Aligned”, “Committed” or “Aligning” with a net-zero objective and with a defined decarbonization strategy relative to the parent index.
  • The index offers a 30% reduction in emissions intensity relative to the parent index and 10% year-on-year emissions intensity reduction, where intensity is calculated as Scope 1,2 and 3 emissions over EVIC.
  • The index is aligned with ESMA fund naming, EU Climate Transition Benchmark and SFDR Article 8 requirements.

Descriptive Statistics

Index Market Cap (EUR bn) Components (EUR bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
ISS STOXX Europe 600 Net Zero Transition N/A 975.3 2.1 0.5 41.3 0.0 4.2 0.0 67.3
STOXX Europe 600 13,795.7 11,009.2 18.3 6.5 260.5 1.1 2.4 0.0 3.3

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
ISS STOXX Europe 600 Net Zero Transition -1.0 2.5 2.4 14.5 N/A N/A N/A 2.5 4.7 N/A
STOXX Europe 600 -1.2 3.9 4.5 17.1 55.1 N/A N/A 4.5 5.5 9.3
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
ISS STOXX Europe 600 Net Zero Transition N/A N/A 14.8 14.1 14.1 N/A N/A -0.1 0.2 0.1
STOXX Europe 600 N/A N/A 14.9 14.0 15.3 N/A N/A 0.0 0.2 0.5
Index to benchmark Correlation Tracking error (%)
ISS STOXX Europe 600 Net Zero Transition 1.0 1.0 1.0 1.0 1.0 2.2 1.9 1.5 1.4 1.4
Index to benchmark Beta Annualized information ratio
ISS STOXX Europe 600 Net Zero Transition 1.0 1.0 1.0 1.0 0.9 1.1 -2.3 -1.3 -0.6 -0.5

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(EUR, Price), all data as of April 30, 2025

THEME INDICES

ISS STOXX Europe 600 Net Zero Transition

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
ISS STOXX Europe 600 Net Zero Transition 18.2 15.0 17.4 14.8 2.2 2.7 1.5 0.7
STOXX Europe 600 18.3 14.6 16.7 14.5 2.0 2.7 1.4 1.1

Performance and annual returns

Methodology

The ISS STOXX Net Zero Transition Indices track the performance of securities from a selection of STOXX Benchmark Indices. These indices have the aim of helping investors to incentivize companies to transition and align with the International Energy Agency’s Net Zero Emissions by 2050 Scenario (IEA NZE Scenario) Pathway with the objective of achieving the target alignment to the 2050 carbon budget by 2040. The key features of these indices include the emphasis on real-world decarbonization by targeting key high impact sectors, and the forward-looking view on climate performance to encourage climate leadership and allow for engagement.

Companies that are non-compliant based on the ISS ESG Norms Based Screening assessment or are involved in Controversial Weapons are not eligible for selection. Additional exclusion filters are applied, screening companies for involvement in Tobacco, Thermal Coal, Unconventional Oil & Gas, Civilian Firearms, and Military Contracting. The exclusion criteria include a thermal coal phase-out for developed countries by 2030 and for emerging countries by 2040.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Net Return EUR CH1362046158 SXNZER .SXNZER
Gross Return EUR CH1362046166 SXNZEG .SXNZEG
Price EUR CH1362046141 SXNZEP SXNZEP INDEX .SXNZEP
Gross Return USD CH1362046190 SXNZUG .SXNZUG
Price USD CH1362046174 SXNZUP .SXNZUP
Net Return USD CH1362046182 SXNZUR .SXNZUR

Quick Facts

Weighting Price weighted with a weighting factor and capping factor
Cap Factor na
No. of components Variable
Review frequency Quarterly
Calculation/distribution realtime 15 sec
Calculation hours 00:00:00 22:30:00
Base value/base date 100 as of Mar. 21, 2022
History Available since 21 Mar 2022
Inception date Jan. 17, 2025
To learn more about the inception date, currency versions, calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
SAP Technology Germany 4.232%
ASTRAZENECA Health Care UK 3.484%
RELX PLC Technology UK 3.032%
SCHNEIDER ELECTRIC Industrial Goods and Services France 2.539%
HSBC Banks UK 2.441%
IBERDROLA Utilities Spain 2.426%
ASML HLDG Technology Netherlands 2.376%
SANOFI Health Care France 2.235%
DEUTSCHE TELEKOM Telecommunications Germany 2.005%
NOVARTIS Health Care Switzerland 1.962%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of April 30, 2025

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.