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THEME INDICES

ISS STOXX World AC 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 World AC Net Zero Transition N/A 10,385.3 5.6 0.9 620.7 0.0 6.0 0.0 50.9
STOXX World AC 97,616.1 76,092.9 20.0 3.0 3,791.9 0.0 5.0 0.0 3.0

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 World AC Net Zero Transition 3.4 0.5 6.8 28.6 N/A N/A N/A 6.8 8.7 N/A
STOXX World AC 3.9 0.1 7.9 30.0 73.3 N/A N/A 7.9 9.1 11.6
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
ISS STOXX World AC Net Zero Transition N/A N/A 15.2 12.8 13.6 N/A N/A 0.5 0.5 0.4
STOXX World AC N/A N/A 15.9 13.1 13.4 N/A N/A 0.6 0.5 0.7
Index to benchmark Correlation Tracking error (%)
ISS STOXX World AC Net Zero Transition 1.0 1.0 1.0 1.0 1.0 1.5 1.9 1.7 1.3 1.3
Index to benchmark Beta Annualized information ratio
ISS STOXX World AC Net Zero Transition 1.0 1.0 0.9 1.0 1.0 -3.2 0.3 -0.7 -0.3 -0.5

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

2Based on EURIBOR1M

(EUR, Price), all data as of July 31, 2025

THEME INDICES

ISS STOXX World AC 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 World AC Net Zero Transition 25.0 20.3 23.4 20.1 3.4 1.6 2.3 2.6
STOXX World AC 23.8 20.2 22.4 20.0 3.0 1.6 2.1 2.8

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
Price EUR CH1362046026 SWNZEP SWNZEP INDEX .SWNZEP
Net Return EUR CH1362046034 SWNZER .SWNZER
Gross Return EUR CH1362046042 SWNZEG .SWNZEG
Price USD CH1362046059 SWNZUP .SWNZUP
Net Return USD CH1362046067 SWNZUR .SWNZUR
Gross Return USD CH1362046075 SWNZUG .SWNZUG

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 09:00:00 18:00:00
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
NVIDIA Corp. Technology USA 597.656%
Microsoft Corp. Technology USA 505.089%
Apple Inc. Technology USA 450.405%
JPMorgan Chase & Co. Banks USA 230.377%
META PLATFORMS CLASS A Technology USA 196.467%
VISA Inc. Cl A Industrial Goods and Services USA 181.387%
BROADCOM Technology USA 157.507%
Johnson & Johnson Healthcare USA 123.770%
TSMC Technology Taiwan 119.222%
MasterCard Inc. Cl A Industrial Goods and Services USA 113.079%

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

4Based on the composition as of July 31, 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.