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Matteo Andreetto, Head of SPDR for EMEA <\/strong><\/p>\n A SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU GY) will also launch on Monday 26 October.<\/strong><\/p>\n Together, the two new ETFs will provide access to European and U.S. Investment Grade corporate bonds transparently and efficiently, tracking proprietary index methodologies developed by Bloomberg Indices in collaboration with the Sustainability Accounting Standards Board (SASB).<\/span><\/strong><\/p>\n The fixed income ETFs, SPPR GY and SPPU GY, seek to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the Bloomberg SASB Euro Corporate and U.S.<\/strong><\/p>\n Corporate ESG Ex-Controversies Select Indexes, while pursuing an effective, positively screened and benchmark aware ESG methodology.<\/p>\n The Bloomberg SASB Corporate ESG Ex-Controversies Select Indexes<\/strong> start with the universe of the parent index, the flagship Bloomberg Barclays Corporate Indexes, and exclude issuers that are tagged with extreme event controversies, controversial weapons, UNGC violations, civilian firearms, thermal coal extraction, and tobacco production. The index then selects securities and their corresponding weights to maximize the portfolio ESG score while maintaining similar risk and return characteristics of the parent index.<\/p>\n ESG scores are derived from the State Street Global Advisors R-Factor™ (Responsibility Factor) scoring system, one which leverages multiple data sources and aligns them to widely accepted, transparent materiality frameworks to generate unique ESG scores for listed companies. It measures the performance of a company\u2019s business operations and governance as it relates to financially material ESG challenges facing the company\u2019s industry. It is designed to provide companies a roadmap to improve ESG practices and disclosure, and to help create sustainable capital markets.<\/p>\n At the heart of R-Factor™ is the SASB materiality map. SASB is an independent, non-profit standards-setting organization for ESG Reporting supported by investors globally representing $48 trn.<\/p>\n
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