MAC Solar Index Methodology Change Announcement
Addition of New Business Involvement Screen and Changes to the Governance Score Screen —
S&P DJI Netherlands B.V., a wholly owned subsidiary of S&P Dow Jones Indices LLC, (“S&P Dow Jones Indices” or “S&P DJI”), and the benchmark administrator for the MAC Global Solar Index, on April 27, 2023, announced the results of a public consultation at the following link: https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20230428-1463752/1463752_macsglobalsolarindexconsultationresultsupdated4-28-2023.pdf
The changes to the methodology include (1) adding a quarterly screen of specified excluded business activities using the S&P Business Involvement database, and (2) changing the current Governance Score screen to a quarterly screen at the regular quarterly index review from the previous annual screen, raising the minimum allowable score for the S&P Governance Score to 5.00 from zero, and requiring a Governance Score for a stock to be a constituent in the Index. See the PDF announcement for details.
The effective date of the methodology change will be prior to the open on Thursday, June 1, 2023. The methodology changes will be implemented for constituents for the first time as part of the regular June 2023 quarterly index review.
For the details on the methodology changes, please see the updated MAC Solar Index official methodology at the following link: https://www.spglobal.com/spdji/en/documents/methodologies/MAC_Global_Solar_Energy_Index_Methodology.pdf