Three New Climate Change Index Series Launched by S&P Dow Jones Indices and Toronto Stock Exchange
Toronto, October 29, 2015: S&P Dow Jones Indices (S&P DJI), one of the world's leading providers of financial market indices, and Toronto Stock Exchange have today announced the launch of three new climate change index series for Canada: S&P/TSX 60 Carbon Efficient Index, S&P/TSX 60 Carbon Efficient Select Index and S&P/TSX 60 Fossil Fuel Free Index. All three indices are derived from the constituents of the S&P/TSX 60, Canada's leading equity benchmark.
The S&P/TSX 60 Carbon Efficient Index is designed to measure the performance of companies in the S&P/TSX 60 while overweighting/underweighting those companies that have lower/higher levels of carbon emissions.
The S&P/TSX 60 Carbon Efficient Select Index is designed to measure the performance of companies in the S&P/TSX 60 while excluding those companies with the largest relative carbon footprint. The Index is optimized so that it closely tracks the returns of the S&P/TSX 60.
The Carbon Footprint for both of the S&P/TSX 60 Carbon Efficient Index and the S&P/TSX Carbon Efficient Select Index is defined as the company's annual greenhouse gas (GHG) emissions and is calculated by Trucost Plc, a London-based firm that develops and sells products and services that evaluate the environmental performance of companies.
The S&P/TSX 60 Fossil Fuel Free Index is designed to measure the performance of companies in the S&P/TSX 60 that do not own fossil fuel reserves. RobecoSAM, an investment specialist focused exclusively on sustainability investing, conducted the research for ownership of fossil fuel reserves.
"We are pleased to launch three new climate change-related indices for Canadian market participants," says Eric Sinclair, President, TMX Datalinx and Group Head of Information Services, TMX Group. "The new indices recognize Toronto Stock Exchange issuers included in the S&P/TSX 60 for their efforts and performance in managing their environmental impact. As awareness of the effect of carbon emissions continues to grow, we believe investors will value these index offerings."
"S&P Dow Jones Indices is excited to bring its expanding series of carbon efficient and fossil fuel free indices to the Canadian market and its leading benchmark, the S&P/TSX 60," says Julia Kochetygova, Head of Sustainability Indices at S&P Dow Jones Indices. "With an increasing number of Canadian investors basing their investment decisions on how companies manage environmental issues, this S&P/TSX index series will provide an important and relevant benchmark within this space."
For more information, including the complete methodologies please visit: www.spdji.com.
The S&P/TSX 60 Carbon Efficient Index, S&P/TSX 60 Carbon Efficient Select Index and S&P/TSX 60 Fossil Fuel Index (the "Indices") are products of S&P Dow Jones Indices LLC ("SPDJI") and TSX Inc. ("TSX"). Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); TSX® is a registered trademark of TSX. SPDJI, S&P and TSX do not sponsor, endorse, sell or promote any products based on the Indices and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions or interruptions of the Indices or any data related thereto.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
About TMX Group (TSX: X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, AgriClear and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing, Singapore and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
For more information:
S&P Dow Jones Indices
David R. Guarino
Global Head of Communications
New York, USA
(+1) 212 438 1471
dave.guarino@spdji.com
TMX Group
Mathieu Labrèche
Manager, Corporate Communications and Public Affairs
(+1) 416-947-4474
mathieu.labreche@tmx.com