STOXX and ICE, a major operator of global exchanges and clearing houses, have jointly launched a new suite of fixed income climate indices.
The two companies developed the indices in response to increasing investor demand for sustainable bond investments that are aligned with climate targets. With growing regulatory pressures and net-zero commitments shaping portfolio strategies, the product arrives at a time of heightened focus on ESG-compliant fixed income instruments.
STOXX, which is part of Qontigo, delivers customisable and rules-based index solutions to support global investment decisions. ICE, the owner of the New York Stock Exchange and a global provider of data services, is known for its robust infrastructure in pricing and reference data, as well as index calculation capabilities.
The new STOXX ICE Fixed Income Sustainability indices cover investment-grade bonds in US dollars, euros, sterling and other currencies, as well as high-yield bonds in US dollars and euros. These benchmarks are built to meet and surpass the EU’s Climate Transition Benchmark (CTB) and Paris-Aligned Benchmark (PAB) criteria, providing investors with tools to align portfolios with the goals of the Paris Agreement.
The product leverages ICE’s capabilities for pricing, reference data, and index calculation, while STOXX handles administration and integrates its proprietary data into the indices. This collaboration brings together over 60 years of combined experience in market data, index construction and financial innovation.
With fixed income exchange-traded funds (ETFs) gaining traction—now at $2.6tn in assets under management, and forecast by BlackRock to reach $6tn by 2030—these climate indices aim to fill the gap in the underdeveloped climate-aligned fixed income space. Currently, just a fraction of the $570bn invested in climate funds globally is allocated to fixed income.
STOXX general manager Axel Lomholt said, “Working with ICE Data Indices enables us to accelerate the delivery of fixed income benchmarks tailored to market demand. This collaboration brings together two leading financial companies and skill sets to launch and operate a suite of indices that addresses the growing demand for sustainable investment products in the bond market.”
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