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®
and the Dow Jones Industrial Average®. More assets are invested
in products based on our indices than products based on indices from any
other provider in the world. Since Charles Dow invented the first index
in 1884, S&P DJI has become home to over 1,000,000 indices across the
spectrum of asset classes that have helped define the way investors measure
and trade the markets.
S&P Dow Jones Indices is a division of
S&P Global (NYSE: SPGI), which provides essential intelligence for
individuals, companies, and governments to make decisions with confidence.
For more information, visit www.spdji.com.
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.
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.
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:
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.