Summary
STOXX ESG Target indices aim to provide a strong ESG tilt to the benchmark index while maintaining low tracking error of the benchmark index. The weight of each constituent security is determined through an optimization process that is designed to ensure diversification and uses Axioma's Risk Models and Optimizer. Companies that are non-compliant based on the Sustainalytics’ Global Standards Screening assessment or are involved in controversial weapons are not eligible for selection. Additional exclusion filters are applied, screening companies for involvement in tobacco production and distribution, thermal coal extraction and power generation, small arms manufacturing, military contracting, unconventional oil and gas exploration and production, high ESG risk, and ESG controversies.
Index Guides, Benchmark statement, and other reports are available under the Data tab.
Details
Top 10 Components
| NOVO NORDISK B | DK |
| ASML HLDG | NL |
| SAP | DE |
| RELX PLC | GB |
| ROCHE HLDG P | CH |
| INTESA SANPAOLO | IT |
| SCHNEIDER ELECTRIC | FR |
| ALLIANZ | DE |
| NOVARTIS | CH |
| NESTLE | CH |