S&P 500 ESG Index Additions and Deletions Announced, Upcoming Coal Exclusion

Mark Segal September 14, 2020

S&P Dow Jones Indices (S&P DJI) announced a series of additions and deletions to the S&P 500 ESG Index, which will take place in an upcoming extraordinary rebalancing. Concurrent with the rebalancing, S&P DJI will be adjusting the methodology in the S&P ESG Index Series, introducing a modification of the index eligibility rules to exclude companies that generate 5% or more of their revenue from thermal coal, specifically thermal coal extraction and power generation. The rebalancing will take effect on September 21.

Additions: AmerisourceBergen Corp, Alexion Pharmaceuticals Inc, Atmos Energy Corp, Centerpoint Energy Inc, Consolidated Edison Inc, Edison Intl, IDEXX Laboratories Inc, Nucor Corp, Perrigo Company plc, Under Armour Inc, Varian Medical Systems Inc.

Removals: Automatic Data Processing, American Electric Power, AES Corp, CMS Energy Corp, Dominion Energy Inc, Walt Disney Co, Discovery, Inc , DTE Energy Co, Duke Energy Corp, Federal Realty Invt Trust, H&R Block Inc, Interpublic Group Cos, Kohl’s Corp, Mid-America Apt Communities, Nisource Inc, NRG Energy, News Corp B, News Corp A, Omnicom Group, PPL Corp, WEC Energy Group Inc, Xcel Energy Inc.

Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.