Info Italian Banks Index

The Index was launched on 8th July 2013, with the initial value of 10,000.

The Index was rebased at 10,000 starting after the closing on the 31st December 2014.

The Index, from 30th September 2016, changed methodology. Please visit the documents page for the 2014/2015 methodology.

Purpose

The purpose of the Standard Ethics Italian Banks Index is to measure, over time, the stock market's confidence concerning OECD, EU and UN voluntary guidelines and indications on Sustainability and Corporate Governance. 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.

Components and weights

Italian Banks Index includes all Italian banks listed on the Italian Stock Exchange.

The weights of the individual components 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.