Info European Multi-Utilities Index

The Standard Ethics European Mult-Utilities Index was launched on 23rd of June 2020, with the initial value of 10,000.

Purpose

The purpose of the Standard Ethics European Multi-Utilities Index is to provide an overview of the level of Sustainability being progressively achieved by European companies operating in the essential public services sector and measure, over time, the stock market's confidence concerning their alignment to OECD, EU and UN voluntary indications.  Each Standard Ethics Index is an Open Free Sustainability Index and offers full disclosure: the methodology, selection criteria, and calculation formula are public and can therefore be used for free as a benchmark by decision makers and stakeholders. It is neither a financial product nor is it marketed to finance firms, banks, or investment funds.

Constituents

The constituents of the SE European Multi-Utilities Index are 15, selected from among European companies operating in at least two areas of business related to the provision of essential public services: waste (waste management and/or environmental services), water (water resource management) and energy (electricity and gas supply). The selection was made on the basis of market capitalization.operating in the field of utilities, in accordance with sector classification as given by the main info providers. The companies were selected according to their market capitalization, as well as the amount of floating shares.

The weights of the individual consituents will be derived from the solicited or unsolicited Corporate Standard Ethics Rating (SER) assigned to each company.

Rebalancing and Review

The Index, being weighted according to a Corporate SER, is active and therefore rebalanced monthly.

The Index is reviewed every six months, at the end of the first and third quarter.

Changes to ratings will be recorded only on the dates when the review is scheduled to take place.