Methodology Change | Solactive ILIM Climate Focused Developed Equity Index | Effective Date 04/05/2023
Today, on the 21/04/2023, Solactive announces the following changes to the methodology of the following Indices (the ‘Affected Indices’):
|
NAME |
RIC |
ISIN |
| Solactive ILIM Climate Focused Developed Equity Index PR | .SOILCFDP | DE000SL0ETK5 |
| Solactive ILIM Climate Focused Developed Equity Index NTR | .SOILCFDN | DE000SL0ETL3 |
| Solactive ILIM Climate Focused Developed Equity Index GTR | .SOILCFDT | DE000SL0ETM1 |
Rationale for Methodology Change
Solactive has identified the need to align the weapons exclusion filters of two indices(Solactive ILIM Climate Focused Developed Equity Index and Solactive ILIM Low Carbon Equity Income Index) that have a very similar exposure.
Changes to the Index Guideline
The following Methodology changes will be implemented in the following points of the Index Guideline 2.1 Index Universe Requirements:
From (old version):
|
Controversial Weapons |
Anti-Personnel Mines |
Remove companies with any detectable involvement in the core weapon system, or components/services of the core weapon system that are considered tailor-made and essential for the lethal use of the weapon |
|
Biological and Chemical Weapons |
||
|
Cluster Weapons |
||
|
Depleted Uranium |
||
|
Nuclear Weapons |
||
|
White Phosphorus |
To (new version):
|
Weapons |
Small Arms |
Remove companies which derive any revenue from or are involved in small arms (including production and distribution), or have significant ownership in such companies |
|
Military Contracting |
Remove companies which derive more than 2.5% of their revenues from weapon and non-weapon related product and services through military contracting, or have significant ownership in such companies |
|
|
Riot Control |
Remove companies which are involved in riot control weapons or protection equipment, or have significant ownership in such companies |
|
|
Controversial Weapons |
Anti-Personnel Mines |
Remove companies with any detectable involvement in the core weapon system, or components/services of the core weapon system that are considered tailor-made and essential for the lethal use of the weapon |
|
Biological and Chemical Weapons |
||
|
Cluster Weapons |
||
|
Depleted Uranium |
||
|
Nuclear Weapons |
||
|
White Phosphorus |
The use of the updated weapons exclusions will be incorporated within the May 2023 rebalance.
Defined terms used in this announcement, but not defined herein, have the meaning assigned to them in the respective index guideline of the Affected Indices. The amended version of the index guideline will be available on the effective date