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. Companies on the SIA exclusion list 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. 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.