Index provider S&P Dow Jones Indices has this week strengthened its portfolio of green products with the launch yesterday of two indices designed to track the performance of companies that are committed to deep decarbonisation. The new S&P Eurozone LargeMidCap Paris-Aligned Climate Index and the S&P Eurozone LargeMidCap Climate Transition Index have been designed to incorporate a broad range of climate and sustainability-based objectives, the firm said. Specifically, the indices will assess corporate performance against the minimum standards established through the EU’s Paris-Aligned Benchmark (PAB) and Climate Transition Benchmark (CTB) set out last year by the EU Sustainable Finance Technical Expert Group (TEG). Similarly, the indices aim to incorporate data provided by firms reporting in line with the recommendations from the Task Force on Climate-Related Financial Disclosures’ (TCFD). The new Indices will draw on data provided by ESG specialist and S&P Global subsidiary Trucost.

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