S&P Dow Jones Indices (“S&P DJI”), the world’s leading index provider, and B3 – Brasil, Bolsa, Balcão, the largest exchange in Latin America, today announced the debut of the S&P/B3 Brazil ESG Index, the latest in S&P DJI’s growing family of global ESG indices based on some of the world’s most highly-tracked regional and country-specific benchmarks.
The index uses a rules-based selection criteria based on relevant ESG principles to select and weight its constituents from the S&P Brazil BMI (Broad Market Index) that are locally listed on the B3. The objective is to give investors core exposure to the Brazilian equities market while providing a significant boost in ESG score performance.
“In the last year, ESG has joined the mainstream of investing as market participants increasingly see the importance and relevance of indices that incorporate sustainability data and principles,” said Reid Steadman, Managing Director and Global Head of ESG Indices at S&P DJI. “We have designed the S&P/B3 Brazil ESG index with the goal of enabling these investors to achieve their ESG investment goals while attaining performance largely in line with the market. We’re thrilled to work with the B3 to bring this strategy to the Brazilian market.”
“At a time when ESG is becoming increasingly relevant for investors worldwide, B3 is bringing a new index to the market to add to its portfolio of sustainable benchmarks and provide investors with yet another alternative in this segment,” said Gleice Donini, B3's Head of Sustainability.
