Index provider S&P Dow Jones index announced the launch of biodiversity focused version of its flagship S&P 500, aimed at offering investors with benchmarking solution integrating sustainability factors: biodiversity. UN SDGs, and climate change.
The new S&P Biodiversity index and S&P Global Large Mid Cap Biodiversity Index are selected and weighted to reflect environmental and biodiversity objectives, with screening and selection utilizing S&P Global Sustainable 1 Nature & Biodiversity Risk dataset, which assess nature related impacts across company direct operations.
Selection and weighting for the index reflect a collective reduction of the ecosystem impact intensity, limit the proportion of ecosystem impact to significant land, as well as a reduction in carbon footprint relative to the parent indices.
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