October will mark the first anniversary of the launch of the Ibex ESG (acronym that refers to environmental, social and corporate governance criteria), an index created with the aim of promoting investments with a sustainable approach, a factor that is increasingly taken into account in the world of investment. The selection was then made up of 46 companies, but in the review that took place this week – the first since its creation –, Its composition amounts to 49 values.
During this first review, the Technical Advisory Committee decided to integrate seven new companies into the Ibex ESG, as well as the departure of four, because they were no longer part of the selection universe (Ibex 35 or Ibex Medium Cap), so the index goes from 46 to 49 components. The companies that Enter Aena, Elecnor, IAG, Lar España, Neinor Homes, Puig and Tubacex, and exit Alba, Catalana Oeste, Grenergy and Prosegur. The changes will be effective from September 23.
Thus, the index is composed of these values: Acciona, Acciona Energía, Acerinox, ACS, Aena, Almirall, Amadeus, Atresmedia, Bankinter, BBVA, CAF, Caixabank, Cellnex, Cie, Colonial, Dominion, Ebro, Edreams, Elecnor, Enagas, Ence, Faes, Ferrovial, Fluidra, Gestamp, Grifols, Iberdrola, Inditex, IAG, Lar España, Línea Directa, Mapfre, Meliá, Merlin, Neinor Homes, Pharma Mar, Puig, Redeia, Rovi, Sabadell, Sacyr, Santander, Solaria, Técnicas Reunidas, Telefonica, Tubacex, Unicaja, Vidrala and Viscofan.
As BME recalls, the criteria for being part of this sustainable index is to be a security that is part of the Ibex 35 or the Ibex Medium Cap, as well as having an ESG rating equal to or higher than C+ (there are 12 levels that range from A+ to D-). In addition, companies must comply with the principles of the United Nations Global Compact and certain exclusion criteria are taken into account for business activities that are essential to sustainability.
Regarding the new composition, almost 60% of firms have the best possible recommendation, according to the algorithm that this media uses with FactSet. Among these, Elecnor and Tubacex are those that give the best purchase advice.
If the average increase of the 49 components on the stock market so far this year is realized, the profitability will be 10.5%. Banking entities are leading in this sense, with a revaluation of 70% for Banco Sabadell and more than 45% for CaixaBank. In fact, only 13 companies out of 49 have not accumulated profits on the stock market so far this year. The average upside potential of the Ibex ESG would be almost 21%, with Tubacex leading this upside margin with a trajectory of 70%. Grifols and Gestamp also exceed 55%.
