STOXX® USA 500 Paris-Aligned Benchmark
The STOXX Paris-Aligned Benchmark Indices are based on liquid securities from a selection of STOXX Benchmark Indices. The indices follow the EU Paris-aligned Benchmark (EU PAB) requirements outlined by the Technical Expert Group (TEG) on climate benchmarks.
Companies identified as non-compliant based on Sustainalytics Global Standards Screening (GSS) assessment or are involved in Controversial Weapons are not eligible for selection. Tobacco Producers, as identified by ISS ESG, are also not eligible. Securities that generate revenues above a certain threshold from coal, oil and gas exploration or processing activities are excluded. Additionally, securities that derive more than 10% of their revenues from thermal coal-based power generation, or more than 50% from power generation with carbon intensity of lifecycle emissions higher than 100gCO2e/kWh are not considered for selection. Furthermore, STOXX will exclude companies that ISS ESG assesses to have Significant Obstruction in the UN SDG 13.
The weighing process follows an optimization process to meet the minimum requirements detailed in the TEG report. The STOXX Paris-Aligned Benchmark Indices aim to reduce their greenhouse gas intensity by at least 50% when compared to their underlying benchmarks. They are also designed to meet the year on year 7% decarbonization target.
High climate impact sector weights of the STOXX Paris-Aligned Benchmark Indices are not underweighted relative to the underlying benchmark. The indices also overweigh securities with Science Based Targets, as verified by the Science Based Target initiative (SBTi).
STOXX reserves the right to amend the methodology to meet the final PAB requirements once the European Commission outlines the final delegated acts in accordance with the regulations.
|ESG Reporting (Part of Benchmark Statement )||File|
|ESG Regulatory Methodology Statement|
|Dissemination period||15:30 CET-22:15 CET|
|Free Float Mcap||10'444'385.094 MEUR|
|Daily change (absolute)|
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|52 week change|
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|52 week low|
|52 week high|