In cooperation with MSCI, HSBC has launched two new sustainability indices for the pension fund VERKA VK Kirchliche Vorsorge VVaG. They are based on the MSCI Europe SRI and MSCI World SRI (Sustainable, Responsible, Impact) parent indices. The new MSCI World Select SRI and MSCI Europe Select SRI indices meet even stricter SRI requirements and additional environmental governance (ESCO) for large and mid-cap values from 23 industrialised countries.
Companies included in the Select SRI indices must demonstrate their ability to be socially compatible and environmentally friendly compared to their competitors. A new feature here is that branches such as armaments, spirits, tobacco products and gambling are completely excluded from the investment universe. Similarly, companies whose products or suppliers are brought into connection with insecure working conditions or child labour are not taken into account, and therefore violate the principles of the ILO core labour standards. Due to the additional exclusion of companies holding coal or fossil fuels, the indices offer an outstanding carbon footprint. By investing in the MSCI Select SRI indices, low-carbon technologies are therefore promoted at the same time.
“We are pleased to have found an investment solution through the MSCI Select SRI indices and in cooperation with HSBC Germany, which meets the demanding sustainability requirements, taking into account the EKD guidelines. We are convinced that such investments in the sense of the Kantian principle will help to improve the lives of future generations, says Ewald Stephan, CEO of VERKA.
HSBC Germany is happy to set new standards for sustainable investment in VERKA. HSBC thus fulfils its role as an internationally active pioneer in sustainable investment,” adds Jan Wilmanns, recently appointed to the board of HSBC Germany and responsible for the Markets – Institutional & Corporate Clients division.