Zug (May 13, 2019) – STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has licensed three STOXX European ESG benchmark indices to Goldman Sachs for the launch of listed products in Germany, Austria, The Netherlands, Belgium and Sweden.
In February, Eurex, one of the globally leading derivatives exchanges, launched ESG derivatives on these STOXX European benchmarks covering ESG-X, Low Carbon and Climate Impact. The liquid ESG benchmarks are now serving as underlyings for leveraged products for the first time.
“The launch of the first leveraged products linked to these STOXX European ESG benchmark indices allows Goldman Sachs to remain at the forefront of responsible investments offered in a simple, easy accessible and cost-effective way to a wide range of customers,” said Steffen Biallas, Goldman Sachs Head of Public Distribution EMEA for securitized derivatives.
“After opening a new chapter in responsible investing with the listing of futures on three ESG benchmark indices, we are now reaching another milestone by entering into the leveraged products space. The massive growth of ESG investing has created demand for sophisticated or diversified index concepts that reflect sustainability factors. The launch of the first leveraged products on our ESG benchmark indices also underscores STOXX’s strong position and innovative spirit in the structured products markets,” said Inderpal Gujral, STOXX Head of Product.
The ESG (Environmental, Social, Governance) and sustainability warrants are based on three STOXX indices: the EURO STOXX® 50 Low Carbon Index, the STOXX® Europe Climate Impact Ex Global Compact, Controversial Weapons & Tobacco Index and the STOXX® Europe 600 ESG-X Index. These three indices are part of the comprehensive ESG, Low Carbon and Sustainability offering of STOXX Ltd.