Indice de sustentabilidade europa

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ADVANCED SUSTAINABLE PERFORMANCE INDICES (ASPI)

ASPI EUROZONE® GUIDELINES

Version 1.4 September 2010

TABLE OF CONTENTS
1 1.1 1.2 1.3 1.4 2 2.1 2.2 2.3 2.4 INTRODUCTION ________________________________________________________________________ 3 The Advanced Sustainable Performance Indices (“ASPI”) _______________________________ 3 Parties to the calculation of the ASPI index____________________________________________ 3 Philosophy Behind the Indices _________________________________________________________ 3 Objectives of the Indices ______________________________________________________________ 4 ASPI EUROZONE® METHODOLOGY _____________________________________________________ 5 Introduction ___________________________________________________________________________ 5Reference index ________________________________________________________________________ 5 Vigeo Methodology ____________________________________________________________________ 5 ASPI Scoring System ___________________________________________________________________ 6

2.4.1 From Vigeo ratings to ASPI scores _______________________________________________________ 6 2.4.2 Geometrical averaging__________________________________________________________________ 6 2.5 Composition of the Index ______________________________________________________________ 7 2.5.1 Exclusion criteria_______________________________________________ Erreur ! Signet non défini. 2.5.2 Market capitalisation rules ______________________________________________________________ 7 2.5.3 Selection rules__________________________________________________________________________ 7 3 3.1 3.2 CALCULATION OF THE INDEX __________________________________________________________ 8 Introduction ___________________________________________________________________________ 8 Current Rules __________________________________________________________________________ 8

3.2.1 Currency Rates________________________________________________________________________ 8 3.2.2 Dividend Treatment _____________________________________________________________________ 8 3.2.3 Free Float Market Capitalisation _________________________________________________________ 8 3.2.4 Free Float Weighting Cap Factors ________________________________________________________ 8 3.2.5 Index Formula and Index Divisors_______________________________________________________ 8 3.2.6 Price and Total Return Indices ___________________________________________________________ 8 3.2.7 Euro & U.S. Dollar Indices _______________________________________________________________ 9 3.2.8 Base Dates & Base Values _______________________________________________________________ 9 4 4.1 4.2 4.3 MANAGEMENT AND REVIEW OF THE INDICES_________________________________________ 10 Management of the Indices ___________________________________________________________ 10 Introduction to the Review Process ___________________________________________________ 10 Annual review ________________________________________________________________________ 10

4.3.1 Methodology Review ___________________________________________________________________ 104.3.2 Selection Review and Buffer Mechanism _________________________________________________ 10 4.3.3 Review Dates __________________________________________________________________________ 11 4.4 Quarterly Reviews ____________________________________________________________________ 11 4.4.1 Changes due to ASPI scoring ___________________________________________________________ 11 4.4.2Changes due to market changes________________________________________________________ 11 4.4.3 Quarterly Review Dates _________________________________________________________________ 11 4.5 On-going Review and Maintenance ___________________________________________________ 12 4.5.1 Initial Public Offerings (IPOs) ___________________________________________________________ 12 4.5.2 Spin-offs...
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