In a press release published on November 9, 2021 on PR Newswire, “S&P Dow Jones Indices (“S&P DJI”), the world’s leading index provider, and the Lima Stock Exchange (“BVL), today announced the debut of the S&P/BVL Peru General 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 first-of-its-kind index for the Peruvian market uses rules-based selection criteria using relevant ESG principles to select and weight its constituents from the S&P/BVL Peru General Index, Peru’s headline stock index. The objective is to provide a best-in-class ESG benchmark of the Peruvian equities market to help promote sustainable business activities in the local market.
S&P/BVL Peru General ESG Index starts with all constituents in the S&P/BVL Peru General Index. Companies involved in controversial weapons, tobacco, thermal coal, and companies with disqualifying United Nations Global Compact scores are excluded.
Remaining eligible companies are then selected based on their S&P DJI ESG score resulting from S&P’s Corporate Sustainability Assessment (CSA). Companies with S&P DJI ESG scores equal to or higher than the median score of the S&P/BVL Peru General Index as well as companies with a score between the median and 25% below as a proportion of the median score are selected for the index and are weighted by float-adjusted market cap.”
You may read the press release on the PR Newswire internet site.