Friday March 29 2019
News Source: Global Exchanges
Focus: Trading systems and Technology
On 1 April 2019, Moscow Exchange will begin calculating and publishing daily sustainability indices created jointly with the Russian Union of Industrialists and Entrepreneurs (RSPP). The new indices, the MOEX-RSPP Responsibility and Transparency Index and the MOEX-RSPP Sustainability Vector Index, will be based on RSPP’s annual analysis of Russia’s largest companies demonstrating their Environmental, Social, Governance (ESG) profile. The indices will include companies that disclose the most complete information about their activity in the fields of sustainability and corporate social responsibility.
The MOEX-RSPP Responsibility and Transparency Index will comprise 22 companies that lead the way in terms of ESG disclosure. The MOEX-RSPP Sustainability Vector Index will feature 15 that show the greatest progress in terms of ESG compared to the previous year. The benchmarks will be going live as part of a partnership agreement signed between Moscow Exchange and the RSPP in March 2019. The agreement aims to promote responsible business conduct among Russian issuers, improve their transparency and investment attractiveness as well as strengthen investor confidence in them.
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