The latest addition to Morningstar’s lineup of global
sustainability indexes provides investors with broad exposure to
companies on the leading edge of best practices in diversity,
equity, and inclusion (DEI).
Morningstar, Inc. (Nasdaq: MORN), a leading provider of
independent investment insights, announces the launch of the
Morningstar Developed Markets LGBTQ+ Leaders Index. The new index
is designed to deliver exposure to 100 large- and mid-cap companies
demonstrating strong LGBTQ+ inclusive policies and practices from a
diverse range of regions and sectors. It adds to Morningstar’s
growing suite of socially focused indexes which currently includes
the Morningstar Minority Empowerment Index, Gender Diversity Index
and Women’s Empowerment Index.
The innovative index methodology is designed by Morningstar
Indexes, the fastest growing global index provider for the last
three years according to Burton-Taylor International Consulting.
The LGBTQ+ Leaders Index is underpinned by data from Morningstar
Sustainalytics and ExecuPride, a socially focused enterprise that
harnesses data science to monitor company advancements in LGBTQ+
inclusion. Companies are first screened for controversial product
involvement, UN Global Compact compliance, and severe ESG
controversies using Morningstar Sustainalytics leading ESG data and
research and are then ranked by ExecuPride score and size. The 100
companies with the highest ExecuPride scores from across regions
and sectors are selected for membership.
Ron Bundy – President, Morningstar Indexes & Morningstar
Sustainalytics
“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.
Rob Edwards – Global Director of ESG Product Management,
Morningstar Indexes
“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 Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent
investment insights in North America, Europe, Australia, and Asia.
The Company offers an extensive line of products and services that
serve a wide range of market participants, including individual and
institutional investors in public and private capital markets,
financial advisors and wealth managers, asset managers, retirement
plan providers and sponsors, and issuers of fixed-income
securities. Morningstar provides data and research insights on a
wide range of investment offerings, including managed investment
products, publicly listed companies, private capital markets, debt
securities, and real-time global market data. Morningstar also
offers investment management services through its investment
advisory subsidiaries, with approximately $294 billion in AUMA as
of March 31, 2024. The Company operates through wholly- or
majority-owned subsidiaries in 32 countries. For more information,
visit www.morningstar.com/company. Follow Morningstar on X
(formerly known as Twitter) @MorningstarInc.
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 Burton-Taylor International Consulting,
Morningstar Indexes was built to keep up with the evolving needs of
investors—and to be a leading-edge advocate for them. Morningstar's
rich heritage as a transparent, investor-focused leader in data and
research uniquely equips Morningstar Indexes to support
individuals, institutions, wealth managers and advisors in
navigating investment opportunities across all major asset classes,
styles, and strategies. From assessing risk and return with
traditional benchmarks to helping investors effectively incorporate
ESG objectives into their investment process, our range of index
solutions spans an investment landscape as diverse as investors
themselves. We help investors answer today's increasingly complex
questions so that they can more easily reach tomorrow's goals.
Please visit indexes.morningstar.com for more information.
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.
©2024 Morningstar, Inc. All Rights Reserved. The information,
data, analyses and opinions contained herein (1) include the
proprietary information of Morningstar, (2) may not be copied or
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therefore are not an offer to buy or sell a security, and (5) are
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Securities Act of 1933. Except as otherwise required by law,
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or other losses resulting from, or related to, this information,
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consider if the investment is suitable for you by referencing your
own financial position, investment objectives, and risk profile.
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Morningstar indexes are created and maintained by Morningstar, Inc.
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