S&P Dow Jones Indices has announced an S&P 500 ESG Index, a new index aligned with ESG selection guidelines and designed to replicate the risk and return profile of the main S&P benchmark.

S&P is introducing the new ‘ESG Scores’, calculated by SAM, the unit of RobecoSAM, in order to codified alignment, and will later be launching a global family of ESG indices based on its other widely tracked regional and country-specific large and mid-cap benchmarks used in the Americas, Europe, Middle East and Africa and Asia-Pacific.

"S&P Dow Jones Indices pioneered ESG indexing over 20 years ago with the 1999 launch of the Dow Jones Sustainability World Index, the first global sustainability benchmark. Our philosophy as an independent index provider is to offer choice to investors. We will continue to contribute to the growth of sustainable finance and economies through our indices," said Alex Matturri, EO at S&P Dow Jones Indices.

S&P recently entered into an agreement with UBS Asset Management in Europe for the S&P 500 ESG Index, with UBS planning to launch a new ETF based on the index.

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