Trucost News / 30 Oct 2017

S&P Dow Jones Indices Debuts Carbon Metrics on Indices

The Metrics Provide a New Level of Carbon Data Transparency

LONDON, OCT. 30, 2017: S&P Dow Jones Indices (S&PDJI), a leading index provider, is now publishing carbon metrics on the majority of its equity indices, including the S&P Global 1200, S&P 500®, Dow Jones Industrial Average® and environmentally-focused indices including S&P Global 1200 Carbon Efficient Index Family and S&P Global 1200 Fossil Fuel Free Index Family.

S&P DJI is the first index provider to publically display carbon metrics as standard alongside financial data on its indices on a monthly basis. The initiative is part of S&P DJI’s commitment to support ESG transparency enabling market participants to understand, measure and manage carbon risk.

There are three metrics currently available for the indices, using Trucost data and analysis:

  • Carbon Footprint – The metric tons of CO2e (carbon dioxide equivalent) per $1M invested against the index
  • Carbon Efficiency – The metric tons of CO2e per $1M of a company’s revenues against the index
  • Fossil Fuel Reserves – The greenhouse gas emissions that could be generated if the proven and probably fossil fuel reserves owned by constituents were burned, per $1M invested

Hannah Skeates, Senior Director, Strategy and ESG Indices, S&P Dow Jones Indices commented, “As we move towards a low and zero carbon global economy, having carbon metrics as standard is likely to become commonplace. Once market participants understand their carbon exposure, they can begin to find solutions to manage this exposure and potential risk. Whether reducing carbon exposure through a broad market low carbon strategy, or via fossil fuel divestment, S&P Dow Jones Indices has indices – and the carbon metrics to measure it. We are very excited to be at the forefront of bringing this level of transparency and information to the marketplace.”

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

Haw-Yan Man
EMEA Communications
London, UK
(+44) 20 7176 3023
haw-yan.man@spglobal.com

Luke Shane
North America Communications
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com

18 June, 2020
Events Building Best in Class ESG Practices’ – Webinar

In this Webinar we will take a look at how global banks and asset managers can build best practices around data quality, assessment frameworks and risk modelling. Christopher Perceval – Director and Head of Business Development EMEA at Trucost, part of S&P Global will be speaking at this event. For more info or details...

Find out more
16 June, 2020
Events ESG Disclosure and Due Diligence:  Through the Lens of Equity Capital Markets – Webinar

AFME’s first sustainable finance webinar will explore the increasingly important topics of ESG Disclosure and Due Diligence and more specifically, what they mean for Equity Capital Markets. With the support of our co-hosts, Allen and Overy, we’ll be using their planned report as a foundation to discuss further implications, challenges and projections around these...

Find out more
3 February, 2020
Events Green Finance Summit – Phoenix – 3 – 4, 2020

The GreenFin Summit follows a successful launch event in 2019. That invitation-only event brought together 100 corporate sustainability leaders, major public-sector pension fund executives and leading financial institutions, with over a trillion dollars of combined assets under management. The discussion broached vital topics in ESG that will be expanded upon at the 2020 Summit. Richard Mattison...

Find out more

VIEW ALL NEWS & INSIGHTS