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ESG Index Derivatives

Regulatory Developments

Update regarding the consultation of the index providers on the ESMA Guidelines on funds' names using ESG or sustainability-related terms of 14 May 2024 (ESMA34-472-440).

Upcoming changes as announced by index provider MSCI according to their consultation (for further information pls see MSCI Index Consultations):

  • May 2025 (change effective with index review)
    MSCI SRI – Methodology changes (as announced on 22 January 2025)

    Changes to exclusion criteria. Exclude all companies
    • deriving 10% or more revenue from oil-related activities.
    • deriving 50% or more revenue from gas-related activities.
    • deriving 50% or more revenue from fossil fuel-based power generation.
    • with evidence of involvement in thermal coal distribution.
    • deriving more than 0% revenue from Arctic Oil & Gas production.
    • with evidence of owning proven & probable coal reserves and/or proven oil and natural gas reserves used for energy purposes, or evidence of owning thermal coal reserves.