S&P Dow Jones Indices launches biodiversity-focused benchmarks

Index provider S&P Dow Jones Indices has added the S&P Biodiversity Indices to its sustainability-focused performance benchmarking tools range for asset managers and financial institutions.

The two new indices – S&P 500 Biodiversity Index and S&P Global LargeMidCap Biodiversity Index – measure the performance of a subset of equity securities from the S&P 500 and S&P Global LargeMidCap indices.

To guide the screening and selection process for the S&P 500 Biodiversity and S&P Global LargeMidCap Biodiversity indices, S&P DJI utilised S&P Global Sustainable’s Nature & Biodiversity Risk dataset. This dataset evaluates nature-related impacts and dependencies across a company’s direct operations, applicable at the asset, company and portfolio levels.

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The S&P Biodiversity Indices offer market participants a performance benchmarking solution that integrates biodiversity, the UN Sustainable Development Goals and carbon datasets to align with the targets defined by the UN’s Biodiversity Conference (Cop15).

According to the firm, constituents of the index are chosen and weighted to reduce ecosystem impact intensity collectively, limit significant land use, align with specific UN SDGs, and decrease carbon footprint compared to the underlying parent indices.

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Jas Duhra, global head of sustainability indices at S&P Dow Jones Indices, commented: “The S&P Biodiversity Indices offer additional insights for our clients and market participants seeking to measure, analyse and better understand their investments’ impact on the natural world, and support their goals to create a more resilient and ecologically conscious investment landscape.”

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