The index was launched on July 8, 2013, with the initial value of 10,000.
The index was rebased at 10,000 starting after the closing on the 31st December 2014.
The index, from 30 September 2016, changed methodology. Please, visit the documents page for the 2014/2015 methodology.
The Standard Ethics Italian Banks Index measures, over time, the stock market confidence concerning OECD, EU and UN voluntary guidelines and indications on Corporate Social Responsibility and Corporate Governance.
Components and weights
Italian Banks Index includes all Italian banks listed on the Italian Stock Exchange.
The index is weighted according to a sustainability score, the Standard Ethics Rating (SER). The index wants to offer an alternative to benchmark indices that are typicallly weighted by float-adjusted market capitalisation.
Rebalancing and Review
The index, being weighted according to a sustainability score, is active and therefore rebalanced montly.
The index is reviewed every six months.
Changes to ratings will be recorded only on the dates when the review is scheduled to take place.