Index intends to propel participation of the MILA capital markets in ESG investment strategies.
NEW YORK, October 18, 2017
- S&P Dow Jones Indices (S&P DJI), International Finance Corporation (IFC), RobecoSAM and the Exchanges of the Mercado Integrado Latinoamericano (MILA) announced today the launch of the Dow Jones Sustainability MILA Pacific Alliance Index (DJSI MILA Pacific Alliance).
The new index tracks the performance of companies with the highest RobecoSAM’s sustainability scores in the Pacific Alliance region, including Chile, Colombia, Mexico and Peru, providing investors with an objective benchmark for managing a sustainability investment portfolio for the region.
The DJSI MILA Pacific Alliance is the first index of its kind in the region and is part of the Dow Jones Sustainability Indices (DJSI) family of indices. It is composed of 42 sustainability leaders, determined by a company’s Total Sustainability Score (TSS), as identified by RobecoSAM through its annual Corporate Sustainability Assessment (CSA). The benchmark uses a “best-in-class” approach and selects companies that are in the top 30% of the ranked universe. The current index constituents represent nearly 46% of the S&P MILA Pacific Alliance Composite, based on long-term environmental, social, and governance factors. The component list for the DJSI MILA Pacific Alliance is available at:
https://www.spindices.com/documents/additional-material/dow-jones-sustainability-index-mila-constituents.pdf
.
Silvia Kitchener, Director of Product Management for Latin America at S&P Dow Jones Indices: “We are excited to launch the DJSI MILA Pacific Alliance, the first sustainability index in the Pacific Alliance region. S&P Dow Jones Indices is committed to working with local markets to develop relevant and innovative indices to meet the evolving needs of the market.”
Irene Arias, IFC’s director for Latin America and the Caribbean: “While supporting the integration of MILA region, this index will help promote positive environmental and social sustainability practices for the private sector in some of the leading companies that trade in the different MILA exchanges. IFC has a track record of helping promote high environmental, social and governance standards across emerging economies and we are confident that this new index will prompt the use of these standards by listed companies in the different stock exchanges of the Pacific Alliance countries.”
Rocco d’Urso, Head of Index Solutions at RobecoSAM: “We are proud to have launched the DJSI MILA Pacific Alliance Index in collaboration with S&P Dow Jones Indices, International Finance Corporation, and MILA. Inclusion in the index comes as recognition of companies’ corporate sustainability leadership in the region and we congratulate all the companies that have been included in the launch of this new benchmark.”
Pedro Zorrilla Velasco, Member of MILA’s Executive Committee: “The launch of this index represents a big step forward to the markets part of MILA, since it will increase visibility of those selected companies complying with environmental, social, and governance best practices. The new index brings us close to global markets and is result of a joint effort including the four local exchanges and specialists in sustainable investing and indices development. Additionally, the benchmark will allow investors to take decisions to confirm investment strategies focused on the sustainability pillars.”
About S&P Dow Jones Indices
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500
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and the Dow Jones Industrial Average
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www.spdji.com
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About RobecoSAM
Founded in 1995, RobecoSAM is an investment specialist focused exclusively on Sustainability Investing. It offers asset management, indices, impact analysis and investment, sustainability assessments, and benchmarking services. Together with S&P Dow Jones Indices, RobecoSAM publishes the globally recognized Dow Jones Sustainability Indices (DJSI) as well as the S&P ESG Factor Weighted Index Series, the first index family to treat ESG as a standalone performance factor using the RobecoSAM Smart ESG methodology. As of June 30, 2017, RobecoSAM had client assets under management, advice and/or license of approximately USD 19.3 billion.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit
www.ifc.org
.
About MILA
The Latin American Integrated Market (MILA) is the first initiative of transnational market integration without merger or corporate integration, in which the stock exchanges of Chile, Colombia, Mexico and Peru, as well as their respective securities depositories are involved. It started in May 2011 with the aim of generating more and better exposure to the stock markets that comprise it, as well as increased product offerings and opportunities for local and foreign investors.
FOR MORE INFORMATION:
Miriam Hespanhol
S&P Global
T: +1 212 438 1406 / +1 407 793 0452
Disclaimer: Important legal information: The details given on these pages do not constitute an offer. They are given for information purposes only. No liability is assumed for the correctness and accuracy of the details given. The securities identified and described may or may not be purchased, sold or recommended for advisory clients. It should not be assumed that an investment in these securities was or will be profitable.
Disclaimer: This methodology was created by S&P Dow Jones Indices (“S&P DJI”) together with RobecoSAM and MILA. S&P DJI, RobecoSAM and MILA acknowledge the contribution of the International Finance Corporation (IFC) to the Index, but the methodology is not based on or in any way delimited by the IFC’s Sustainability Framework or its Performance Standards.
