Swiss stock exchange launches climate index for listed companies

Swiss stock exchange: launched the "SIX 1.5 °C Climate Equity" Keystone-SDA

SIX, the financial group that runs the Swiss stock exchange, today announced the launch of a new index, the "SIX 1.5°C Climate Equity."

Its purpose, says a statement, is to help investors identify companies whose current and future business models are in line with the Paris Climate Agreement.

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Companies listed on the SIX Swiss Exchange, the note points out, can apply to join the new label, which is done on a voluntary basis. To obtain certification, which is valid for one year, interested companies must submit a document on compliance with the requirements issued by an authorised certifying body (currently S&P and SGS).

There are three requirements to be met. The first consists of a top-down analysis, which determines whether the company’s entire value chain is in line with the 1.5°C global warming target. The second assesses, as part of a bottom-up review, the credibility that the enterprise will continue to meet the targets. The third corresponds to a firm-level assessment to verify that at least 50% of the firm’s revenues and investments are in line with the 1.5°C target set in Paris.

Adapted from French by DeepL/ac

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