Morningstar Introduces Morningstar® Developed Markets LGBTQ+ Leaders IndexTM
The latest addition to
The innovative index methodology is designed by Morningstar Indexes, the fastest growing global index provider for the last three years according to
“We are thrilled to add this new capability to our growing suite of indexes to empower investors while expanding our global sustainability index offering. Our new index fulfills a market need by enabling investors to tap into global companies with leading LGBTQ+ policies to pursue their investment objectives, whether for values alignment, or to pursue investment opportunity, or a combination.”
Companies near the top of the ExecuPride Assessment Scale, which also represent the top holdings within the index, have demonstrated direct evidence of DEI policies, initiatives and support structures as well as a prominence of LGBTQ+ representation and advocacy at the leadership level. Top representative holdings for the index currently include Eli Lilly & Co., JP Morgan Chase, Alphabet, Apple and Johnson & Johnson among others.
“The index industry has made great strides in recent years to develop products that fall under the ‘S’ in ESG. Yet, while there are a number of broad socially focused indexes available in the market today, few options focus on sexual orientation or gender identity. In developing the Morningstar Developed Markets LGBTQ+ Leaders Index, our objective was to bring greater transparency to LGBTQ+ practices and policies in the workplace and how companies are incorporating these approaches into their strategy. We opted to do this in a way that stresses an objective, data-based approach.”
In developing this new index, Morningstar Indexes also consulted with a range of organizations and experts on LGBTQ+ policies and issues, including LGBT Great and myGwork, as well as with diversity, equity and inclusion (DEI) leads at Morningstar.
About
About Morningstar Indexes and Morningstar Sustainalytics
Morningstar Indexes and Morningstar Sustainalytics have recently formed a strategic alignment to provide a more holistic and robust ESG offering to Morningstar clients. This growing collaboration includes ESG-related products, insights and research.
As the fastest-growing global index provider for the last three years according to
Morningstar Sustainalytics is a leading ESG data, research, and ratings firm that supports investors around the world with the development and implementation of responsible investment strategies. For more than 30 years, the firm has been at the forefront of developing high-quality, innovative solutions to meet the evolving needs of global investors. Today, Morningstar Sustainalytics works with hundreds of the world's leading asset managers and pension funds who incorporate ESG information and assessments into their investment processes. The firm also works with hundreds of companies and their financial intermediaries to help them consider material sustainability factors in policies, practices, and capital projects. Morningstar Sustainalytics has analysts around the world with varied multidisciplinary expertise across more than 40 industry groups. For more information, visit www.sustainalytics.com.
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Source: Morningstar, Inc.