S&P Dow Jones launches ESG version of S&P 500 index

first_imgScreening based on ESG criteria would exclude companies that produced tobacco or controversial weapons and companies scoring poorly on ESG criteria across industry sectors.The index also omits companies that show weak adherence to the United Nations Global Compact Principles of corporate behaviour.S&P DJI worked with SAM, the unit of RobecoSAM, on the ESG scoring methodology for the new index and planned country-specific and regional ESG indices. The scores are used as inputs to evaluate companies on the indices.The new index targets 75% of the traditional S&P 500’s market capitalisation by excluding the weakest quartile of in terms of ESG profiles. It targets sector neutrality in relation to the parent index and aims to deliver a tracking error below 100bp.Reid Steadman, global head of ESG indices at S&P Dow Jones Indices, said: “An increasing number of investors require indices that are aligned not only with their investment goals but also their individual and institutional values. The S&P 500 ESG Index is constructed with both of these needs in mind.”The new index was broader than many other ESG indices and “developed to target the core of an investor’s portfolio,” he added.In February many institutional investors called on the main index providers to exclude manufacturers of controversial weapons from their mainstream indices. S&P Dow Jones Indices (S&P DJI) has launched a version of its widely-tracked S&P 500 equity index that excludes companies based on environmental, social and corporate governance (ESG) criteria.The S&P 500 ESG Index was designed to serve as a performance tracking tool as well as a building block to create new ESG index-based investment products and passive investing solutions, the index provider said.UBS Asset Management swiftly followed up on S&P DJI’s announcement to announce it had launched an exchange-traded fund (ETF) built on the new index.It said the ETF enabled investors to get similar exposure to the S&P 500 index but with a “light ESG overlay”.last_img read more

Falcao penalties lift Monaco out of relegation zone

first_imgButelle’s sending-off forced midfielder Baptiste Santamaria to take over the gloves in injury time with Angers having used all three of their substitutions.Paris Saint-Germain, 13 points clear at the top, will be without Neymar as they look to continue their undefeated record in Ligue 1 this season on Wednesday’s trip to Strasbourg.The world’s most expensive player came off early in the second half in Sunday’s 2-2 draw at Bordeaux after hurting the same groin he injured playing for Brazil against Cameroon last month. Share on: WhatsApp Paris, France | AFP | Radamel Falcao scored a pair of penalties as Thierry Henry’s Monaco won 2-0 at fellow strugglers Amiens to climb out of the bottom three in Ligue 1 on Tuesday.The Colombian had missed twice from the spot this season but calmly converted on 43 minutes at the Stade de la Licorne after Emil Krafth upended Benoit Badiashile.Amiens defender Bakaye Dibassy was sent off for catching the Monaco captain with a raised boot in the 90th minute, and Falcao wrapped up a second victory in three games with another penalty deep into stoppage time.Henry said he wasn’t getting too carried away with his team’s victory.“From our side of things in terms of how we played it wasn’t extraordinary but we held on. Fortunately Falcao was there when we needed him,” Henry said.“We must not overreact, we need to continue to work and use the positive aspects of each match to inspire us,” he added.The result provisionally bumped Henry’s side up to 17th place above Dijon and Amiens on goal difference, confirming their recent upturn under the former France star in recent weeks.Nicolas Pepe hit his 10th goal of the season to send Lille back up to second following a 1-0 win over Montpellier, who dropped a spot to third.The Ivory Coast international swept home from a Jonathan Ikone cross with just six minutes gone as Lille snapped a four-match winless run.Nice extended their unbeaten run under Patrick Vieira to six games with a 0-0 draw at home to Angers, who saw goalkeeper Ludovic Butelle dismissed in the closing stages.last_img read more

Lacey-based SCJ Alliance adds Eighth Office Location and New Team in…

first_imgFacebook0Tweet0Pin0Submitted by SCJ AllianceWhat started as three people in Thurston County is now more than 90 across the state and into Colorado. Two engineers and a planner have turned their breakaway team into a full-scale, multidisciplinary firm in just 12 years.In July, SCJ Alliance welcomed Studio Cascade, an award-winning, community planning and design firm in Spokane and increased their range even further.“Studio Cascade is highly regarded for their comprehensive plans, subarea plans, and master plans, adding greater depth to our planning group,” SCJ co-founder Jean Carr said.“This is a tremendous opportunity for our firms, our clients, and our employees,” she continued. “We both share a commitment to client relationships and quality work, treasure our employees, and value collaboration across disciplines.”Bill Grimes founded Studio Cascade in 1992. He shares, “Joining our firms provides an opportunity to grow and achieve more together than we could alone. We also have great alignment on our culture and approach to projects, which is so important.”Some of Studio Cascade’s high-visibility projects include the Lacey Depot District Subarea Plan, Council Bluffs Arts and Culture District Plan, Bainbridge Island Waterfront Park and City Dock Master Plan, San Juan County Vision Assessment, and the award-winning Port Angeles Waterfront Transportation Improvement Project.SCJ specializes in environmental and urban planning, civil engineering, transportation planning and design, landscape architecture, and public outreach. The privately-held, majority women-owned firm has been nationally recognized multiple times for growth, award-winning projects, and as a great place to work.In addition to Lacey and Spokane, SCJ has offices in Centralia, Seattle, Ballard, Vancouver, and Wenatchee, Wash. and another in Boulder, Colo.last_img read more