Index Solution

Climate Indices

STOXX Climate Transition Benchmark (CTB) and STOXX Paris-Aligned Benchmark (PAB) Indices

Creating Intelligent Climate Investment Solutions

STOXX Climate Indices are designed to facilitate the shift in investments towards a low-carbon economy and to align investments to the Paris Climate Agreement.

Part of the Qontigo ESG Ecosystem, the STOXX Climate Transition Benchmark Indices and STOXX Paris-Aligned Benchmark Indices are constructed to follow the EU Climate Benchmark1 (EU CTB and EU PAB) requirements. The indices encourage climate stewardship and corporate engagement in addition to meeting the regulatory requirements.

  • STOXX Paris-Aligned Benchmark Indices (PAB) – These indices incorporate stringent carbon limitations in line with the overall long-term global warming target of the Paris Agreement2 and aim for 60% greenhouse gas (GHG) intensity reduction.
  • STOXX Climate Transition Benchmark Indices (CTB) – These benchmarks allow more diversification and are designed to assist investors in the transition to a low-carbon economy by adopting a decarbonization trajectory. They aim for 40% greenhouse gas (GHG) intensity reduction.

STOXX’s CTB and PAB indices and underlying benchmark indices

STOXX® Climate Transition Benchmark IndicesSTOXX® Paris-Aligned Benchmark IndicesUnderlying STOXX® Benchmark Indices
EURO STOXX® Climate Transition BenchmarkEURO STOXX® Paris-Aligned BenchmarkEURO STOXX®
EURO STOXX® Total Market Climate Transition BenchmarkEURO STOXX® Total Market Paris-Aligned BenchmarkEURO STOXX® Total Market
STOXX® Europe 600 Climate Transition BenchmarkSTOXX® Europe 600 Paris-Aligned BenchmarkSTOXX® Europe 600
STOXX® Global 1800 Climate Transition BenchmarkSTOXX® Global 1800 Paris-Aligned BenchmarkSTOXX® Global 1800
STOXX® USA 500 Climate Transition BenchmarkSTOXX® USA 500 Paris-Aligned BenchmarkSTOXX® USA 500
STOXX® USA 900 Climate Transition BenchmarkSTOXX® USA 900 Paris-Aligned BenchmarkSTOXX® USA 900

Key indices

All Climate Indices

EURO STOXX CTB

EURO STOXX PAB

STOXX Europe 600 CTB

STOXX Europe 600 PAB

Updated every 15 minutes during market hours.

EU climate benchmarks objectives

Superior design criteria sets STOXX indices apart

The construction of STOXX indices adds vital steps that emphasize the climate objectives

Scope 3 Inclusion3

Scope 3 data is used from inception to account for companies’ direct and indirect emissions

Sustainable Development Goals 13, Climate Action4

Securities that have significant obstruction to SDG 13 Climate Action are not eligible

Science-Based Targets

Qontigo aspires to influence companies to set and have approved science-based targets and therefore only includes companies that will fulfill the Science-Based Targets initiative (SBTi) by March 2030 in the indices

Climate Leaders

Indices will reward energy-efficient companies that are ready to seize opportunities arising from the transition to a low-carbon economy, and those that are well-positioned to meet their carbon budget targets

Our open architecture allows us to integrate the world’s leading climate data from our data partner ISS ESG. This includes the most complete set of carbon data, science-based targets and emission scenarios, which are used to overweight climate leaders and underweight the laggards. In addition, the indices are screened for controversial activities involvement.

Research Paper:

An Introduction to the STOXX Paris-Aligned Benchmark Indices

This paper illustrates the processes that Qontigo followed in constructing the STOXX Paris-Aligned Benchmark Indices, with specific focus on the STOXX® Europe 600 Paris-Aligned Benchmark Index, and the additional steps taken to reinforce the objectives of the EU PABs.

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Learn more about STOXX Climate Transition Benchmark (CTB) and STOXX Paris-Aligned Benchmark (PAB) Indices or schedule a conversation about how these solutions can help your investment strategy.

1 EU Technical Expert Group Report on Climate Benchmarks and Benchmarks´ ESG Disclosures, September 2019
2 Paris Agreement, December 2015
Technical Guidance for Calculating Scope 3 Emissions
4 Only applicable to STOXX PAB Indices