What's new

25.5.2023 09:02

The benchmark indexes of index funds will change as of 1 July 2023

In 2020, the benchmark indexes of OP’s index funds were changed to the MSCI ESG Universal indexes. On 1 July 2023, OP’s funds will start using MSCI ESG Screened indexes derived from parent indexes that follow the ESG criteria more strictly. Along with the index change, climate aspects will become part of our index funds too. In addition, controversial industries, biodiversity and offences discovered in companies’ supply chains will be considered on a more extensive basis.

The indexes will not include companies: 

  • whose business is connected with controversial weapons, nuclear or civil weapons, tobacco, palm oil and arctic crude oil and gas  
  • which have net sales from coal power generation or the production of selected fossil fuels  
  • which are considered to violate international norms, such as the UN Global Impact principles 
  • which are considered to be a party to extremely serious sustainability disputes (a stricter policy will be applied to biodiversity and offences discovered in companies’ supply chains).  

In addition to the exclusions above, the MSCI ESG Screened index undertakes to keep its carbon intensity 30 per cent lower than the parent index. As a result of the change, the requirements of the funds’ Article 8 will continue to be fulfilled.

The change applies to OP-World Index, OP-Europe Index, OP-America Index, OP-Asia Index and OP-Nordic Countries Index funds.