Spanish bank BBVA announced the launch of two new socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. and governance-themed indices, the Solactive BBVA ixS Global Inclusive Growth and Solactive BBVA ixG Global GovernanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. & Board Diversity indices.
Solactive BBVA ixS Global Inclusive Growth tracks leading reasonably priced growth companies while incorporating a socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. approach that follows the UN Sustainable Development Goals (SDGs). Solactive BBVA ixG Global GovernanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. & Board Diversity Index focuses on companies’ corporate governanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights., ranking companies by their overall Corporate GovernanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. Score, with better scores awarded for board diversity generating greater weight in the final index.
With the new launches, BBVA said that its Quantitative Investment Strategies (QIS) business has completed its first family of sustainability-focused indices, aimed at to generating above-market returns through various ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. factors, and accompanying the bank’s clients in the transition toward a more sustainable future. Other products in the series include the climate-focused Solactive BBVA Climate Action PAB Europe and Solactive BBVA Climate Action CTB Europe indices, and the ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. leader-themed Solactive BBVA ixESG Global Leaders index.
BBVA designed the indices with index engineering company Solactive.
Timo Pfeiffer, Chief Markets Officer at Solactive, said:
“The latest release marks the completion of a very meaningful index range that gives investors the full spectrum of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. investing. Solactive accompanied the creation of BBVA’s Quantitative Investment Strategies’ since its initial stages, and despite a challenging year 2020, we are happy that we’ve been BBVA’s well-trusted partner in this project.”
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