SIX Swiss Exchange today announced the launch of the SXI Switzerland Sustainability 25 Index. The new index includes those 25 stocks from the SMI Expanded Index with the best sustainability scores.
The SXI Switzerland Sustainability 25 Index offers market participants a rules-based and transparent way to participate from the performance of the 25 most sustainable and liquid companies in Switzerland.
The index universe for the SXI Switzerland Sustainability 25 Index is the SMI Expanded Index. All stocks in the index universe are screened for their sustainability score by Sustainalytics, a leading global provider of ESG (Environment, Social, Governance) research and analysis, with nearly 20 years of experience in the responsible investment (RI) and socially responsible investment (SRI) markets. Components are then ranked according to this score. The top 25 are selected for inclusion in the new index.
The SXI Switzerland Sustainability 25 Index is weighted based on free-float market cap, with a single component’s weight capped at a maximum of 15 percent. The index is reviewed annually in September.
The SXI Switzerland Sustainability 25 Index is calculated in price and total return versions and available in CHF. Daily historical data are available back to December 30, 2008.