Spanish bank BBVA announced the launch of two new social and governance-themed indices, the Solactive BBVA ixS Global Inclusive Growth and Solactive BBVA ixG Global Governance & Board Diversity indices.

Solactive BBVA ixS Global Inclusive Growth tracks leading reasonably priced growth companies while incorporating a social approach that follows the UN Sustainable Development Goals (SDGs). Solactive BBVA ixG Global Governance & Board Diversity Index focuses on companies’ corporate governance, ranking companies by their overall Corporate Governance Score, with better scores awarded for board diversity generating greater weight in the final index.

With the new launches, BBVA said that its  Quantitative Investment Strategies (QIS) business has completed its first family of sustainability-focused indices, aimed at to generating above-market returns through various ESG factors, and accompanying the bank’s clients in the transition toward a more sustainable future. Other products in the series include the climate-focused Solactive BBVA Climate Action PAB Europe and Solactive BBVA Climate Action CTB Europe indices, and the ESG leader-themed Solactive BBVA ixESG Global Leaders index.

BBVA designed the indices with index engineering company Solactive.

Timo Pfeiffer, Chief Markets Officer at Solactive, said:

“The latest release marks the completion of a very meaningful index range that gives investors the full spectrum of ESG investing. Solactive accompanied the creation of BBVA’s Quantitative Investment Strategies’ since its initial stages, and despite a challenging year 2020, we are happy that we’ve been BBVA’s well-trusted partner in this project.”