The investment boutique said that the new index tracks the top 30% with regard to sustainability, out of the largest companies in the Nordic region by free-float market capitalization.
The Index is designed to underlie financial products such as exchange-traded funds or mutual funds, the DJSI Nordic provides market participants with an independent sustainability benchmark for Nordic equities.
The DJSI Nordic includes 29 sustainability leaders from Denmark, Finland, Norway, and Sweden. The index is calculated in EUR and USD and it will be rebalanced annually in September.
In keeping with all Dow Jones Sustainability Indexes, the DJSI Nordic components are selected and weighted based on SAM’s systematic Corporate Sustainability Assessment, which analyzes company performance in terms of economic, environmental and social criteria.
