Harry’s impression: Hang Seng Indexes launches two new ESG indices

 


Hang Seng Indexes announced on 14 May two new indices to track the environmental, social and corporate governance (ESG) impact of listed companies. The HSI ESG Index and the HSCEI ESG Index have the same list of constituents as the Hang Seng Index (HSI) and the Hang Seng China Enterprises Index (HSCEI) respectively, but adopt different constituent weightings. Companies with higher ESG scores will have higher weightings in the new indices. Vincent Kwan Wing-shing, Chief Executive Officer of Hang Seng Indexes Company, said the launch is driven by growing interest from fund managers for ESG investing. “We believe the timing is right to launch the two new ESG indices as they provide bases for product issuers to develop investment products linked to the portfolios of our flagship indices but with a greater emphasis on ESG,” he said. Globally, ESG investment stood at US$30.683 trillion, 34 percent higher compared with 2016, according to Hang Seng Indexes. 


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