S&P Dow Jones Indices launches catholic values index
S&P Dow Jones Indices (S&P DJI) has launched the S&P 500® Catholic Values Index.
This index which has been licensed to Global X for product development, includes companies within the S&P 500 whose business practices meet the socially responsible investment guidelines as outlined by the United States Conference of Catholic Bishops (US CCB) and exclude those that do not.
Some examples of companies excluded from the index are those involved in the manufacturing of biological weapons, chemical weapons, cluster bombs, landmines, nuclear weapons.
Those having their main business activity as military products as well as those employing children for labor in the company’s operation or in supply chain do not reach the US CCB’s standards.
“Sustainable issues represent one of the most important cost and revenue drivers in the modern corporate world,” said Julia Kochetygova, head of Sustainability Indices at S&P Dow Jones Indices.
“By selecting stocks that comply with the US CCB, the S&P 500 Catholic Values Index aims to include companies with resilient business profiles by addressing the ethical challenges that can make a stronger investment case,” she added.