Ethical Investing Stock and Bond Indices
Australian Cleantech Index
(Australia) "The ACT Australian CleanTech Index provides a
measure of the performance of the Australian listed stocks in the
Cleantech sector. With over 60 companies following under the coverage of
the index and with a combined market capitalisation of over $16Bn, the
index presents the only picture of the industry’s growth in a single
Barclays MSCI Green Bond Index
(USA) "The Barclays MSCI Green Bond Index provides a clear and
independently evaluated measure of the global green bond market, setting
a rigorous standard for this growing new asset class."
(Brazil) "(ISE), a groundbreaking initiative in Latin America,
is designed to create an investment environment compatible with
contemporary society’s need for sustainable development and to encourage
corporations to be ethically responsible."
Alliance of Social Value Investment’s (Casvi) Social
Value 99 index
(China) "'Index evaluates the social value of a
company based on whether it has clearly defined,
targeted social issues in its core business model, and
whether it has effectively addressed them through
innovative solutions,' said Wang Yijing, Casvi’s
director of strategic partnerships."--Karen Yeung,
January 19, 2018, South China Morning Post.
Calvert Responsible Indexes
(USA) "The Calvert Responsible Indexes include
companies with strong sustainability profiles that,
collectively, may have the potential to meet or exceed
the performance of the common broad-market benchmarks."
Cambridge Impact Investing Benchmark
(USA) "Cambridge Associates and the Global Impact
Investing Network have collaborated to launch the Impact
Investing Benchmark, the first comprehensive analysis of
the financial performance of market rate private equity
and venture capital impact investing funds."
Climate Change Mitigation Opportunities Index
(Global) "Morgan Stanley’s Institute for Sustainable
Investing, with The Economist Intelligence Unit1, offers
a report and analytical tool, to help investors explore
technologies that mitigate climate change. Five sectors,
responsible for 90% of all greenhouse gas emissions, are
analyzed across 20 countries."
CSI ECPI ESG China 40 index
(China) "All the stocks in the SSE180 Corporate
Governance index are rated by ECPI ESG method. Those who
rank top 40 are selected as the CSI ECPI ESG China 40
index constituents. The CSI ECPI ESG China 40 index is
designated to provide underlying for investors."
Dow Jones Sustainability Indices
"Independent research has reaffirmed the robustness and
relevance of RobecoSAM’s Corporate Sustainability
Assessment (CSA) methodology, which is the basis for the DJSI. In Rate the Raters, published in January 2014, the
DJSI was once again identified as the most widely
recognized sustainability rating/ranking."
ECPI Global/Thematic Equity Indices
(Global) "ECPI uses a rule-based approach involving approximately
100 key performance indicators to evaluate an issuer’s environmental,
social and governance sustainability... ECPI’s proprietary rating scale
ranges from “F” to “EEE”, along 9 notches. Rating thresholds may be
ET Carbon Indexes
(Global) "ET low-carbon indexes can be viewed as a ‘free
option’ on carbon risk. While the introduction of significant limits on
carbon emissions is postponed they obtain the same returns as the
benchmark index, but as soon as carbon emissions are significantly
priced and limits on carbon emissions grow the ET Indexes will
outperform the benchmark."
Leadership Index (ECLI)
(USA) "An equally weighted index of climate leaders which combines
quantitative climate efficiency with fossil free and ESG investing
strategies. Based on backtesting and annual climate efficiency
rebalencing, ECLI has substantially outperformed all broadbased market
indexes over the past 10 years."
Fossil Free Indexes
(Global) "The Fossil Free Indexessm are a suite of benchmarks
designed for investable products that provide broad market exposure to
index investors who wish to divest from fossil fuel companies. These
investors are typically motivated either by a concern about unacceptable
levels of climate change or by a concern about overvaluation and risk in
"The FTSE4Good Index Series is designed to measure the performance of
companies demonstrating strong Environmental, Social and Governance (ESG)
practices. Transparent management and clearly-defined ESG criteria make
FTSE4Good indices suitable tools to be used by a wide variety of market
participants when creating or assessing responsible investment
FTSE Environmental Markets Index Series
(Global) "FTSE Group has partnered with Impax Asset Management to
create the FTSE Environmental Markets Index Series, which is broken down
into two sub-series: the FTSE Environmental Technology Index Series and
the FTSE Environmental Opportunities Index Series; both of which are
based on the FTSE Environmental Markets Classification System (EMCS)."
FTSE ECPI Italia SRI Index Series
(Italy) "The FTSE ECPI Italia SRI Index Series is
a tool designed to measure the performance of Italian
public companies that are following leading ESG
practices. Constituents, which are drawn from the
eligible universe of FTSE MIB Index plus the FTSE Italia
Mid Cap Index, comprise companies that meet specified
standards of practice in environmental, social
performance and corporate governance..."
FTSE Russell Green Revenues Index Series
(Global) "FTSE Russell’s Green Revenues (LCE) data
model and Green Revenues Index Series track companies
that generate green revenues – a critical component
missing from current sustainability models. Now,
investors can accurately identify and support their
investment in companies that stand to benefit from the
world’s transition to a green economy with consistent,
transparent data and indexes."
Jantzi Social Index (JSI)
(Canada) "In January 2000, Jantzi Research launched
the Jantzi Social Index®, partnered with Dow Jones
Indexes. The JSI, a socially screened, market
capitalization-weighted common stock index modeled on
the S&P/TSX 60 consists of 60 Canadian companies that
pass a set of broadly based environmental, social, and
governance rating criteria. The JSI has begun to
generate the first definitive data on the effects of
social screening on financial performance in Canada."
JSE SRI Index
(South Africa) "Listed companies in the FTSE/JSE
All Share index are reviewed annually. The measurement
is conducted against a holistic set of Environmental,
social and governance (ESG) and related sustainability
concerns and a fourth area of climate change."
Inclusive Growth Opportunities Index
"The Morgan Stanley Institute for Sustainable Investing,
with The Economist Intelligence Unit, created the
Inclusive Growth Opportunities Index to explore
technology investments in 20 countries that can increase
access to finance, healthcare and education, and enhance
Maala CSR Index
(Israel) "Maala's CSR Index is an assessment tool Benchmarking
Israeli Companies on their corporate social responsibility Performance."
BM&FBOVESPA Corporate Sustainability Index (ISE)
(Mexico) "The ISE is a tool for comparative analysis of the
performance of the companies listed on BM&FBOVESPA from the standpoint
of corporate sustainability, based on economic efficiency, environmental
equilibrium, social justice and corporate governance."
MSCI ESG Indices
(Global) "With 40 years of expertise in index construction and maintenance,
MSCI aims to set new standards for ESG indices – allowing clients to
more effectively benchmark ESG investment performance, issue index-based
ESG investment products, as well as to manage, measure and report on
their compliance with ESG mandates."
Green Economy Indices
(Global) "NASDAQ OMX offers a complete family of indexes tracking
the growing environmental and clean-energy sector, also known as the
'Green Economy.' Green Economy is the shift of economic development
towards sustainable practices in business and infrastructure..."
NASDAQ OMX Sharia
(Global) "The EDBIZ-NASDAQ OMX Sharia Index Family brings the
renowned and widely-followed NASDAQ-100 and OMX Stockholm Benchmark
indexes to customers interested in maintaining an Islamic investment
The Natural Capital Leaders Index
(Global) "The Natural Capital Leaders index is designed to
recognize companies demonstrating natural capital leadership – and in
addition, break new ground by identifying those companies that are truly
‘moving the needle’ by decoupling growth from natural capital impact."
Russell-IdealRatings Islamic Indexes
(Global) "The Russell-IdealRatings Islamic Index offers investors an accurate
and complete global-equity market index that reflects established
Shariah investment guidelines. Combining the deep experience of the
Russell Indexes and the oversight of IdealRatings, these indexes
accurately represent of the global Shariah compliant opportunity set."
S&P/TSX 60 Carbon Efficient Index,
S&P/TSX 60 Carbon Efficient Select Index and S&P/TSX 60 Fossil Fuel
(Canada) "S&P Dow Jones Indices (S&P DJI)... and Toronto Stock
Exchange have today announced the launch of three new climate change
index series for Canada... All three indices are derived from the
constituents of the S&P/TSX 60, Canada's leading equity benchmark."
S&P 500® Catholic Values Index
(USA) "The S&P 500® Catholic Values Index excludes from the S&P 500
certain activities that are not aligned with the Responsible Investment
Guidelines of the U.S. Conference of Catholic Bishops (USCCB). The index
is designed for investors who do not want to breach religious norms in
their passive investing strategies."
S&P ESG Indices
(Global) "The S&P Environmental, Social and Governance (ESG) Index Series
measures the performance of companies that have demonstrated superiority
in the areas of environmental, social and corporate governance
responsibility. We also offer indices that include companies involved in
green investing themes such as ecology & water, clean & alternative
energy indices and carbon efficient indices." Note: S&P have
additional indices in this space.
S&P Shariah Indices
(Global) "Our Shariah indices provide investors with a comprehensive set of
Shariah-compliant investment solutions. Representative of each market,
with high correlations to their underlying indices, each index offers a
comparable investable portfolio while adopting explicit, transparent
selection criteria as defined by Islamic law."
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(Indonesia) "The Indonesian stock exchange and a biodiversity foundation have
launched an investment index to raise awareness of companies'
environmental track records, an environmental group said. The SRI-KEHATI
index, which lists 25 companies, is the second single-nation
sustainability index in Asia after Japan, according to the Indonesian
SSE Sustainable Development Industry Index
(China) "SSE Sustainable Development Industry Total Return Index
reflects returns due to both price changes and dividend income, whereas
the SSE Sustainable Development Industry Index reflects only the price
movements of the underlying shares."
ESG Leaders Indices
(Global) "The STOXX ESG Leaders indices are sustainability indices based on a
fully transparent and rule-based selection process. Sustainalytics, a
leading global provider of ESG research and analysis, provides key
performance indicators (KPIs) to construct a relative rating using a
fully transparent weighting model."
STOXX Europe Sustainability indices
(Europe) "The STOXX Sustainability indices track the performance of
sustainable companies based on the proprietary research approach of the
renowned sustainable private bank, Bank Sarasin."
(Europe) "The STOXX Faith-based indices offer investors access
to companies that act in line with various religious values by taking
into account ethical, social, environmental and economical criteria."
Thomson Reuters Corporate
Responsibility Indices (TRCRI)
(Global) "The Thomson Reuters Corporate Responsibility Indices are a suite of
benchmarks designed to measure the performance of companies with
superior ratings for Environmental, Social and Governance Practices."
Vigeo CSR/ESG Indices
(Global) "Vigeo’s indices are composed of the highest-ranking listed
companies as evaluated by the agency in terms of their performance in
WilderHill New Energy Global
(Global) "The WilderHill New Energy Global Innovation Index is comprised of
companies worldwide whose innovative technologies and services focus on
generation and use of cleaner energy, conservation and efficiency, and
advancing renewable energy generally."
WilderHill Clean Energy Index
(Global) "A priority of the WilderHill® Index (ECO) is to define and
track the Clean Energy sector: specifically, businesses that stand to
benefit substantially from a societal transition toward use of cleaner
energy and conservation."