The S & P / BMV Total Mexico ESG Index, the sustainable index of the Mexican Stock Exchange (BMV), celebrates its first anniversary with new members: Alpek, América Móvil, Elektra, Fibra Macquarie and Volaris.
For the preparation of this index, it is taken into account that the companies that comprise it comply with environmental, social and corporate governance criteria. The BMV launched this index in July 2020 and this is its first rebalancing, in which five companies also came out: Gentera (Compartamos Banco), Herdez, IEnova, OMA and Peñoles.
According to the S&P ESG score -whose scale ranges from 0 to 100, with 100 being the best rating-, of the five new companies in the Volaris index, and Elektra are the ones that have made the greatest advances in the last year. Volaris's score went from 19 in 2019 to 43 in 2020, while Elektra jumped from 33 to 56.
The index, made up of 29 companies, is constructed from a sample of 56 companies, which make up the S & P / BMV Total Mexico and those involved in arms, tobacco and those that do not meet the requirements of the United Nations Global Compact are excluded. The sample changes every year and will be effective at the close of the third Friday in June.
In a statement, the BMV noted that the ESG index maintains the same balance by sector as the index it follows (the S & P / BMV Total Mexico Index) “in order to maintain a risk and return profile that resembles the broader market ”. And although the objective is not to beat that index, in terms of the performance it generates, its performance has been better in the last 12 months.
