Standard Ethics Spanish Index was launched on 30th of November 2017, with the initial value of 10,000.
The Standard Ethics Spanish Index purpose is to measure, 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
The Index components are the 35 major Spanish listed companies.
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 three months.
Changes to ratings will be recorded only on the dates when the review is scheduled to take place.