Nifty100 ESG Sector Leaders
The Nifty100 ESG Sector Leaders Index aims to track the performance of select companies within each sector of the Nifty 100 which have scored well on management of ESG risk and which do not have involvement in any major controversies. The index provides ~75% coverage of Free Float Market capitalization of eligible stocks within each sector of Nifty 100. The weights of the stocks are based on their free-float market capitalisation subject to a stock cap of 10%.
Nifty100 ESG Sector Leaders Methodolgy
• The index has a base date of January 01, 2014 and a base value of 1000.
• To form part of Nifty100 ESG Sector Leaders index, stocks should qualify the following eligibility criteria:
• All stocks forming part of Nifty100 at the time of review are eligible to be the part of this index (June and December).
• Only ordinary equity shares will be considered.
• Companies with ‘ESG risk score’ greater than or equal to 40, which are categorised as ‘severe’ category shall be excluded.
• Companies whose ‘ESG risk score’ is greater than the ‘Global Subindustry Average ESG risk score’ shall be excluded.
• Companies with controversy category of 4 and 5 shall be excluded.
• Companies which derive 25% or more of their revenues from cigarettes, breweries, weapons, gambling, and nuclear power or any
revenue from 'controversial weapons' subject to the company disclosures made under segment revenue break up in its annual report shall be excluded.
The number of constituents in the index is variable. The weight of the stock in the index is calculated based on its free-float market- capitalisation subject to stock cap of 10%. Index is reconstituted on a semi-annual basis in June and December.
Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
• To form part of Nifty100 ESG Sector Leaders index, stocks should qualify the following eligibility criteria:
• All stocks forming part of Nifty100 at the time of review are eligible to be the part of this index (June and December).
• Only ordinary equity shares will be considered.
• Companies with ‘ESG risk score’ greater than or equal to 40, which are categorised as ‘severe’ category shall be excluded.
• Companies whose ‘ESG risk score’ is greater than the ‘Global Subindustry Average ESG risk score’ shall be excluded.
• Companies with controversy category of 4 and 5 shall be excluded.
• Companies which derive 25% or more of their revenues from cigarettes, breweries, weapons, gambling, and nuclear power or any
revenue from 'controversial weapons' subject to the company disclosures made under segment revenue break up in its annual report shall be excluded.
The number of constituents in the index is variable. The weight of the stock in the index is calculated based on its free-float market- capitalisation subject to stock cap of 10%. Index is reconstituted on a semi-annual basis in June and December.
Index Governance:
A professional team manages all NSE indices. There is a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index Maintenance Sub-Committee.
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