Is SRI the new ESG?

What’s happening? StateStreet’s European equity ETF is moving from ESG to SRI.

Why is this important? SRI is socially responsible investing. It excludes the following company types:

• alcohol
• adult entertainment
• all weapons
• gambling
• oil and gas
• nuclear power
• companies that rank in the top 10% in terms of emission intensities

How will this be important? This quantitative approach contrasts the often fluid nature of ESG determinations.

ETF Stream | State Street’s European equity ETF to ditch ESG index for SRI