Bolsas y Mercados Españoles (BME) and FTSE Group (FTSE), the award-winning global index provider, today launch the FTSE4Good IBEX, a new responsible investment index made up of companies listed on the BME that demonstrate good practice in corporate social responsibility.
The new index is specifically designed to support structured products, index funds, and ETFs, and will also actively encourage Spanish companies to adopt international standards of responsible business practice.
To be included in the index, companies need to demonstrate that they meet the FTSE4Good environmental and social criteria.
The FTSE4Good criteria are developed using an extensive market consultation process and are approved by an independent committee of experts. A broad range of stakeholders help shape the criteria, including NGOs, governmental bodies, consultants, academics, the investment community and the corporate sector.
The following 27 Spanish companies have met the FTSE4Good IBEX selection criteria and are included in the index:
Banco Bilbao Vizcaya Argentaria
Gas Natural SDG
Banco Sabadell
Gestevision Telecinco
Banco Pastor
Grupo Ferrovial
Banco Santander
Iberdrola Renovables
Bankinter
Inditex
Bolsas y Mercados Espanoles
Mapfre
CIE Automotive
Mecalux
Corporacion Dermoestetica
Obrascon Huarte Lain
Enagas
Promotora de Informaciones
Ercros
Prosegur
Gamesa Corporacion Tecnologica
Red Electrica de Espana
Vidrala
Repsol-YPF
Vocento
Sol Melia
Telefonica
Jorge Yzaguirre Scharfhausen, Head of Equity Unit, BME said: "By participating in the creation, calculation and dissemination of the FTSE4Good IBEX Index, BME reaffirms its commitment to corporate social responsibility while at the same time offering investors the chance to invest in a new sector that is generating growing interest. The launch of the index will contribute to a greater awareness of the importance of responsible investment in Spain, which the Spanish stock exchange wants to lead."
Imogen Dillon Hatcher, Managing Director, FTSE EMEA said, "The FTSE4Good Index Series has become a globally recognised benchmark for investors wishing to identify responsible business practice. The increasing interest from investors in understanding the environmental risk and performance has led FTSE to develop the FTSE4Good Ibex index specifically for investors who are looking to identify and invest in Spanish companies that meet both local and international Corporate Social Responsibility standards." -- www.ftse.com
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