S&P Dow Jones Indices (DJI) has launched two new Sustainable Development Goal (SDG)-aligned measurement tools – the S&P 500 SDG Index and the S&P Global LargeMidCap SDG Index. Both indices will use underlying data that does not focus on assessing the financial materiality of ESG factors for an industry or specific company, S&P said in a statement. Instead, they will leverage data that aims to measure and reflect specific external impact that companies’ products and activities make on society and the environment – regardless of financial materiality implications. “S&P JDI is excited to bring to market these two new indices that offer market participants a unique and alternative way of tracking and measuring companies’ alignment with specific UN sustainability targets,” said Jas Duhra, Global Head of Sustainability Indices at S&P DJI. “[They] utilise the S&P 500 Index and the S&P Global Large MidCap Index as their underlying parent and reference benchmarks for constituent screening and selection.” S&P DJI has licensed corporate SDG alignment data from Impact Cubed, a London-based provider of ESG impact data and portfolio solutions.
News broke today of S&P Dow Jones Indices' two new benchmarks which utilise Impact Cubed's corporate SDG alignment data:
S&P 500 SDG Index
S&P Global LargeMidCap SDG IndexThe two new benchmarks will enable diverse exposure to companies more aligned with the United Nations’…
— Impact Cubed (@Impact_Cubed) January 9, 2024
