Intercontinental Exchange, Inc., one of the world’s leading providers of financial market technology and data powering global capital markets, announced that the European Securities and Markets Authority (ESMA) has granted recognition to ICE Data Indices (IDI) as a third country benchmark administrator under Article 32 of the EU Benchmarks Regulation (EU BMR).

This important recognition decision means that the 100 Climate Transition and Paris-Aligned Benchmarks currently offered by IDI remain available for use by ‘supervised entities’ in the European Union.

The IDI Climate Transition and Paris-Aligned Benchmarks form part of the Climate Index series (“Climate Indices”) offered by IDI which is a range of fixed income indices that incorporate ESG screening criteria along with a carbon reduction methodology to meet our clients’ demand for indices that support the transition to net zero carbon emissions by 2050. The Climate Indices represent different currencies and emissions metrics, and include indices such as the:

• ICE Euro Corporate Climate Transition CTB Index (ER00CTB)
• ICE Sterling Corporate Climate Transition Absolute Emissions CTB Index (UR00CTBA)
• ICE Emerging Markets Corporate Plus Paris-Aligned Absolute Emissions PAB Index (EMCBPABA)
• ICE US High Yield Paris-Aligned PAB Index (H0A0PAB)
• ICE Global Corporate Paris-Aligned Absolute Emissions PAB Index (G0BCPABA)

“With the ongoing demand for responsible and sustainable investing, the goal of carbon reduction has become even more important for investors,” said Preston Peacock, Head of ICE Data Indices. “Receiving this recognition from ESMA expands our reach and further supports our efforts to continue helping investors make more informed decisions to achieve their emission reduction goals.”

IDI administers a number of other benchmarks which are not currently in scope of the EU Benchmarks Regulation.

In addition to being recognized by ESMA, IDI is also recognized as a third country benchmark administrator by the U.K. Financial Conduct Authority.

ICE is a leading provider of indices, with over $2 trillion total assets under management benchmarked to ICE Indices, and a deep expertise administering and publishing indices used throughout global markets. Its broad offering includes over 8,000 global equity, fixed income, commodity and foreign exchange indices to support benchmarking and performance measurement by investors, backed by a 50-year track record.

For more information about ICE indices, visit https://www.ice.com/fixed-income-data-services/index-solutions/fixed-income-indices.

Source: ICE