SIX has launched the SPI Gender Equality Index as part of its recently introduced ESG Indices family. Index components are selected from the largest 100 companies of the Swiss Performance Index (SPI).
To be included in the index, companies must have between 20 and 80 percent women on the board of directors, and between 15 and 85 per cent women on the management board. The index is available in a price and total return version and calculated in CHF.
Marion Leslie, Head Financial Information and member of SIX Executive Board, says: “The SPI Gender Equality Index is the first index of its kind for the Swiss market. In launching this index today, we are offering a transparent benchmark to measure gender diversity on Swiss companies’ boards and management committees.”
Components for the SPI Gender Equality Total Return Index are selected once a year in December and weighted equally, ie each company has the same weight in the index. The index is currently comprised of 27 companies, the top ten of which can be found here.