The Global Sustainability Signatories Index 7.5% VC ER and Sustainable Development Notes provide exposure to UN Global Compact signatories with higher sustainability ratings
AMSTERDAM, Sept. 10, 2018 /PRNewswire/ -- Sustainalytics, a leading provider of environmental, social and corporate governance ("ESG") research, ratings and analysis, is pleased to announce the launch of the Global Sustainability Signatories Index 7.5% VC ER ("GSSI"). The volatility-controlled equity index is composed of up to 100 Global Compact signatories selected according to Sustainalytics' ESG ratings. UBS is the exclusive provider of financial products referencing the GSSI.
To be eligible for inclusion in the GSSI, companies must be signatories to the UN Global Compact and be compliant with its 10 Principles on human rights, labor, the environment and anti-corruption. Energy and tobacco companies, as well as companies involved in controversies with a high or severe impact on the environment and society, are excluded from consideration.
The final constituents are selected for inclusion based on Sustainalytics' ESG Ratings, which assess companies' programs, policies and management on the key sustainability issues in their respective sectors and regions. From the top quartile companies in each sector and region, up to 100 companies are selected.
Shila Wattamwar, Director of Indexes and Partnerships at Sustainalytics, said: "The GSSI offers global investors exposure to companies that have shown their commitment to the UN Global Compact Principles by becoming signatories. The companies represented in the GSSI have demonstrated strong leadership in their respective industries."
The World Bank (International Bank for Reconstruction and Development, IBRD) has issued a sustainable development note linked to the GSSI. Upon maturity in seven years' time, the World Bank will pay noteholders their principal (subject to the creditworthiness of the issuer) plus any positive return of the GSSI. The offering is available through UBS, the exclusive underwriter.
Michael Nelskyla, Head of Investor Solutions at UBS Investment Bank, said: "We are privileged to work with the World Bank and the UN systems to offer new innovations to support the Sustainable Development Goals. This effort reflects our commitment to be the leading provider of products that help align our client's financial objectives with their priorities to support sustainability. We thank the clients committing capital to this initiative and hope it will encourage others to embrace innovative sustainable instruments in the future."
Mark Haefele, Chief Investment Officer at UBS Global Wealth Management, said: "We are delighted to expand our investing partnership with the World Bank. Our private clients already enjoy unique exposure to the World Bank and to leading sustainable companies through our new 100% sustainable cross-asset portfolio, and we look forward to developing their engagement with the World Bank as one of the few fully sustainable AAA-rated issuers."
The GSSI is maintained and calculated by Solactive. To learn more, please click here.
About Sustainalytics
Sustainalytics is a leading independent ESG and corporate governance research, ratings and analytics firm that supports investors around the world with the development and implementation of responsible investment strategies. For over 25 years, the firm has been at the forefront of developing high-quality, innovative solutions to meet the evolving needs of global investors. Today, Sustainalytics works with hundreds of the world's leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. With 13 offices globally, Sustainalytics has more than 390 staff members, including over 180 analysts with varied multidisciplinary expertise across more than 40 sectors. Over the last three consecutive years, investors named Sustainalytics among the top three firms for both ESG and corporate governance research in the Independent Research in Responsible Investment Survey. For more information, visit www.sustainalytics.com.
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Disclaimer
The information herein is provided solely for informational purposes and therefore are not an offer to buy or sell a security. Neither Sustainalytics nor all its third-party suppliers provide investment advice (as defined in the applicable jurisdiction) or any other form of (financial) advice and nothing within this publication constitutes such advice. Sustainalytics observes the greatest possible care in using information, however the information is provided "as is" and neither Sustainalytics nor its suppliers accept any liability for damage arising from the use of this publication/report or information contained herein in any manner whatsoever. Moreover, Sustainalytics and all its third-party suppliers disclaim any and all warranties and representations, express or implied, including any warranties of merchantability, completeness, accuracy or fitness for a particular purpose.
Sustainalytics does not sponsor, endorse or otherwise promote any security, other financial product or transaction (each a "Product") referencing the Global Sustainability Leaders Index. Sustainalytics makes no representation or warranty, express or implied, to the owners of any Product or any member of the public regarding the advisability of investing in securities or financial products generally or in the Product particularly or the ability of the Index to track the investment opportunities in the commodity futures market or otherwise achieve their objective.
SOURCE Sustainalytics
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