S&P Dow Jones Indices launches new index based on practices outlined by Catholic bishops

By Lisa Kerner

Charlotte, N.C., Aug. 19 – S&P Dow Jones Indices LLC launched the S&P 500 Catholic Values index.

The new index is designed to include the companies within the S&P 500 whose business practices adhere to the Socially Responsible Investment Guidelines as outlined by the U.S. Conference of Catholic Bishops (US CCB) and to exclude those that do not.

The index has been licensed to Global X for product development, according to a news release.

Screening for the index excludes companies that are involved in biological weapons, chemical weapons, cluster bombs, landmines, nuclear weapons and conventional military sales. Also excluded are companies involved in child labor employment in their operations or supply chains.

“By selecting stocks that comply with the US CCB, the S&P 500 Catholic Values index aims to include companies with resilient business profiles by addressing the ethical challenges that can make a stronger investment case,” said Julia Kochetygova, head of sustainability indices at S&P Dow Jones Indices.

New York-based S&P Dow Jones Indices is a part of McGraw Hill Financial and provides index-based concepts, data and research.

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