The new products were listed on the Chicago Climate Futures Exchange (CCFE), a wholly-owned subsidiary of Chicago Climate Exchange, Inc., and traded for the first time November 14, according to a SAM Indexes press release. CCFE offers a range of standardized derivatives on emission allowances and other environmental financial products, and its new CCFE Dow Jones Sustainability World Index Futures (DJSI-W) are the first exchange-traded derivatives worldwide to track a broadly diversified sustainability index.
“CCFE’s DJSI-based futures enable market participants to build exposure to global equity markets and the world’s sustainability leaders in one single electronic trade. We are delighted that they have chosen the DJSI as the underlying benchmark for this new offering”, said Alexander Barkawi, Managing Director, SAM Indexes, in the announcement.
The Dow Jones Sustainability Indexes include sustainability leaders from each industry on a global level. The annual review of the DJSI family is based on a thorough analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices. It accounts for general as well as industry specific sustainability criteria for each of 57 industries.
More information can be found at www.jdindexes.com .