On June 20, 2019 Africa Global Funds reported that “S&P Dow Jones Indices has launched the S&P South Africa Domestic Shareholder Weighted ESG Index, the newest addition to its global Environmental, Social and Governance (ESG) index family.
Reid Steadman, Global Head of ESG, S&P Dow Jones Indices, said: ‘The S&P South Africa Domestic Shareholder Weighted (DSW) Capped ESG Index is a broad-based, market-cap-weighted index that is designed to measure the performance of securities meeting sustainability criteria, while maintaining similar overall industry group weights as the S&P South Africa Domestic Shareholder Weighted (DSW) Capped Index. It can serve as a benchmark as well as the basis for index-linked investment products.’
The new index is expected to be the core benchmark for the region, helping to transition to a more sustainable South Africa.
The index integrates sustainability criteria, by targeting a selection of 75% of market capitalization of each GICS Industry Group and excludes tobacco, controversial weapons and companies not in compliance with UN Global Compact.”
You may read the article on the Africa Global Funds internet site.