Change of Index Guideline | Solactive Euro 50 ESG Index Family | Effective Date: 09/10/2020
Solactive announces the following technical changes to the guideline of the following Indices (the ‘Affected Indices’):
Indexname |
Index RIC |
Index ISIN |
Solactive Euro 50 ESG 5.5% AR Index |
.SOLKESG |
DE000SLA4ZB0 |
Solactive Euro 50 ESG 5.0% AR Index |
.SOLKESG5 |
DE000SLA5WS8 |
Solactive Euro 50 ESG NTR Index |
.SOLKESGN |
DE000SLA4932 |
Solactive Euro 50 ESG PR Index |
.SOLKESGP |
DE000SL0BA01 |
Rationale for change of Index Guideline
The Index Universe of the Affected Indices comprises stocks that are members of the Ethibel Sustainability Index (ESI) Excellence Europe (Bloomberg Code: ESIXEWM and Reuters Code .ESIEU). This index was replaced by a successor index with the same index objective and essentially the same index methodology, the Solactive Europe Corporate Social Responsibility Index PR (SOLECSRP). In order to reflect this replacement of the reference index in the definition of the Index Universe technical changes to the index guideline are required..
Changes to the Index Guideline
The following sentence will be changed in Section 1 – Index Specifications:
OLD
[…] The index tracks the price movement of the 50 largest companies within the Eurozone that are also member of the Ethibel Sustainability Index Excellence Europe. The Ethibel Sustainability Index Excellence Europe contains 200 shares of European companies that display the best performance in terms of corporate social responsibility (CSR).
NEW
[…] The index tracks the price movement of the 50 largest companies within the Eurozone that are also member of the Solactive Europe Corporate Social Responsibility Index PR (SOLECSRP).
The following definition will be changed in Section 4 – Definitions:
OLD
“Index Universe” in respect of a Selection Day are in general stocks that are member of the Ethibel Sustainability Index (ESI) Excellence Europe (Bloomberg Code: ESIXEWM and Reuters Code .ESIEU) and denominated in EUR. If more than one share class of a company is represented in the Ethibel Sustainability Index (ESI) Excellence Europe only the most liquid share class based on the 3month Average Daily Traded Value and denominated in EUR is kept in the Index Universe and all other share classes are removed from the index selection process.
NEW
“Index Universe” in respect of a Selection Day are in general stocks that are member of the Solactive Europe Corporate Social Responsibility Index PR (SOLECSRP). If more than one share class of a company is represented in the SOLECSRP only the most liquid share class based on the 3month Average Daily Traded Value and denominated in EUR is kept in the Index Universe and all other share classes are removed from the index selection process.
The following definition will be removed from Section 4 – Definitions:
“Ethibel Sustainability Index Excellence Europe” contains 200 shares of European companies that display the best performance in terms of corporate social responsibility (CSR). For more information please visit: http://www.vigeoeiris.com/wp-content/uploads/2016/11/esi_family_rules_version_6.5_feb_2017-1.pdf.
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.