Announcement – Methodology Change | Several Munich Re Indices | Effective Date 7th October 2024
Today, on 30/09/2024, Solactive announces the following changes to the methodology of the following indices (the ‘Affected Indices’):
|
NAME |
RIC |
ISIN |
|
Munich Re Green Solutions Global All Cap Equities Index PR Munich Re Green Solutions Global All Cap Equities Index NTR Munich Re Green Solutions Global All Cap Equities Index GTR Munich Re ESG Optimized Global Developed Conservative Equities Index PR Munich Re ESG Optimized Global Developed Conservative Equities Index NTR Munich Re ESG Optimized Global Developed Conservative Equities Index GTR |
.MRGREEP .MRGREEN .MRGREET .MRESGOP .MRESGO .MRESGOT |
DE000SL0JCN4 DE000SL0JCP9 DE000SL0JCQ7 DE000SL0HBA7 DE000SL0HBB5 DE000SL0HBC3 |
Rationale for Methodology Change
Solactive has determined that to align with EU Paris-aligned benchmarks, the following changes will be added to align with Article 12 Exclusions with Commission Delegated Regulation (EU) 2020/1818. This is to allow all products that track the index to maintain the sustainability label to maintain attractiveness to investors.
Changes to the Index Guideline
The following Methodology changes will be implemented in the following points of the Index Guideline:
From (old):
|
Activity-Based Screening |
Coal & Oil Extraction |
> 10% |
|
Oil Sands |
Any Involvement |
|
|
Oil Shale |
Any Involvement |
|
|
Hydraulic Fracturing |
> 5% |
|
|
Electric power generation from fossil fuel sources |
> 10% |
|
|
Nuclear Power |
> 5% Production <OR> 5% Uranium Mining <OR> 5% Services |
|
|
Civil Firearms Production |
> 5% |
|
|
Military Equipment Production |
> 5% |
|
|
Tobacco Production |
> 5% |
To (new):
|
Activity-Based Screening |
Coal Mining and Power Generation |
≥ 1% |
|
Fossil Fuel Production, Exploration, Distribution, and Services |
≥ 10% |
|
|
Electric Power Generation from Fossil Fuel Sources |
≥ 10% |
|
|
Coal & Oil Extraction |
> 10% |
|
|
Oil Sands |
Any Involvement |
|
|
Oil Shale |
Any Involvement |
|
|
Hydraulic Fracturing |
> 5% |
|
|
Nuclear Power |
> 5% Production <OR> 5% Uranium Mining <OR> 5% Services |
|
|
Civilian Firearms Production |
> 5% |
|
|
Military Equipment Production |
> 5% |
|
|
Tobacco Production |
> 0% |
Defined terms used in this announcement, but not defined herein, have the meaning assigned to them in the respective index guideline of the Affected Indices. The amended version of the index guideline will be available on the effective date.