About the ESG Bond Indices
The Swiss Bond Index (SBI) serves as the foundation for the ESG Bond Indices. The Swiss bond market holds significant importance as an asset class, boasting a total value of CHF 500 billion in Swiss franc-denominated bonds and maintaining a high credit quality.
The SBI, established in 2007, stands as one of the most widely recognized benchmark indices within this market segment. Comprising over 1,800 CHF bonds from both domestic and foreign issuers, the SBI primarily focuses on investment-grade bonds and does not currently incorporate explicit ESG (Environmental, Social, and Governance) objectives.
In the SBI ESG, bond issuers undergo evaluation based on specific ethical, social, and measurable corporate governance criteria, which encompass all relevant business activities. The introduction of ESG Bond Indices significantly streamlines sustainable investment opportunities within the Swiss bond market.
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The SBI is the basis of the new SBI ESG Index, which significantly simplifies sustainable investing in the Swiss franc bond market. The SBI ESG Index measures the performance of Swiss franc bonds based on the ESG Ratings provided by Inrate. The index consists of those components of the Swiss Bond Index (SBI) that have an ESG Rating of at least C+ on a scale of A+ to D- and, generally, less than 5% turnover in controversial sectors. In addition, index candidates need to fulfill the United Nations Global Compact (UNGC) assessment and must not be on the exclusion list of the Swiss Association for Responsible Investments (SVVK). At the end of the month, the then current ESG data from Inrate is used for the SBI constituents. If Inrate already covers the issuer of a new issue, the ESG data of the issuer is used. If Inrate does not currently cover the issuer of a new issue, Inrate will conduct an ad hoc analysis to determine whether the bond is eligible for the SBI ESG.
In addition to the broad SBI ESG Index, SIX provides further sub-indices. This allows market participants to focus on specific segments or specific maturities.
The SBI ESG Index including its sub-indices is calculated every 3 minutes. These indices were launched on July 5, 2021 with a base date of December 30, 2016, when they were standardized at a base value of 100.
The SBI ESG Screened measures the performance of Swiss franc bonds based on ESG data provided by Inrate. The index consists of those components of the Swiss Bond Index (SBI) that have an ESG Rating of at least C+, are rated "medium" or “lower” in Inrate's controversy score and have low turnover in controversial sectors. Companies that are on the SVVK exclusion list or do not meet the UNGC criteria according to Inrate are not included in the index. At the end of the month, the then current ESG data from Inrate is used for the SBI constituents.
For new issues where Inrate already covers the issuer, the ESG data of that issuer is used. For new issues where Inrate does not currently cover the issuer, Inrate will perform an ad hoc analysis to determine whether the bond is eligible for SBI ESG Screened.
The index is calculated every 3 minutes and was launched on March 29, 2021 with a base date of December 30, 2016, when it was standardized at a base value of 100.
Performance
Explanatory Table
Overview of the Index Family
We have put together a table to illustrate the SIX ESG Bond Indices family with its sub-indices, rating categories and terms to maturity.
Factsheets
Explore our factsheets to gain in-depth insights into our indices at SIX. Find detailed descriptions, key figures, the methodology and much more. Statistical factsheets are available on the SIX Index Data Center.
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For current and historic index compositions, selection lists, index preview and review information as well as historical index values, please visit the SIX Index Data Center.
Additional Information
The use of SBI ESG Indices and their registered trademarks as well as the access to restricted index data are governed by a licensing agreement. To request for an index data license, please get in touch with us.
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