iBoxx EUR Corporates Net Zero
2050 Paris-Aligned ESG
Transparent, independent, objective, and multi-dimensional
coverage across all asset classes.
The iBoxx EUR Corporates Net Zero 2050 Paris-Aligned ESG index aims to meet andexceed the standards for EU Paris-aligned Benchmarks (EU PABs) under Regulation (EU)2019/2089 amending Regulation (EU) 2016/1011 (link). The regulation proposes
the definitions of minimum standards for the methodology of any "EU Paris-Aligned"
benchmark indices that aim to be aligned with the objectives of the Paris Agreement.
The index also incorporates factors that seek to manage transition risk and climatechange opportunities in alignment with the recommendations of the Financial
Stability Board's Task Force on Climate related Financial Disclosures (TCFD) 2017
Final Report, covering transition risk, climate change opportunities, and stranded
assets. The index, administered by IHS Markit Benchmark Administration Limited,measures the performance of eligible corporate bonds from the iBoxx EUR
Corporates parent index. The corporate bonds are selected and weighted to becollectively compatible with a 1.5ºC global warming climate scenario at the index
level. The index applies exclusions based on company involvement in specific businessactivities, company violations against the principles of the United Nations Global
Compact (UNGC), and involvement in relevant controversies, all outlined in the ESG
criteria section. The index rules aim to efficiently track the EUR investment grade
corporate bond universe, whilst upholding minimum standards of investability andliquidity. The index optimisation process ensures close alignment to the maturity,
rating, industry, option adjusted duration (OAD), and duration times spread (DTS)
profile of the parent index while improving yield-to-worst (YTW) analytics.
The index is part of the global iBoxx index families, fueled by multi-source pricing.
iBoxx indices offer representative and objective benchmarks for assessing
the performance of bond markets and investments.
Transparency

Multi-dimensional analysis

Documentation on our rules-based
methodology for constituent selection,monthly rebalancing and daily total
return calculations is publicly available.

A wide range of analytical values arepublished to support risk, performancemeasurement and attribution analysis.

IndependenceiBoxx® products utilise independent
multi-source pricing and reference data
subject to rigorous quality testing, witha fully documented price challenge
process in place. We are committed toadministering all financial benchmarks
in compliance with IOSCO benchmark
principles and is an authorised benchmark
administrator under the European
Benchmark Regulation (BMR).

Key Stats$5trillion+
Total value ofderivative trades
outstanding(OTC value linked
to Indices)$140+bn
AUM in ETFs

30,000+Bonds in Indices

180 +ETFs linked
to Indices

FlexibilityiBoxx® offers the ability to customize
indices to meet specific criteria.

Customers

Depth of Data

Asset managers

A broad history of index and sub-index
returns and analytics are available andpublished frequently to support
index analysis.

ETF issuers
Hedge funds
Insurers/Pensions

Index Identifiers

Investment banks

Name

ISIN TRi

BBG Ticker TRi

RIC Code TRi

iBoxx EUR Corporates Net Zero 2050
Paris-Aligned ESG

GB00BQ8WRY24

IBXXEPAB.IBXXEPAB

Index Eligibility Criteria

Industry Composition

Issuer typeThe bond must be corporate credit, i.e. debt instruments backed bycorporate issuers that are not secured by specific assets. Debt issued bygovernments, sovereigns, quasi-sovereigns, and government-backed orguaranteed entities is excluded

Bond types

Included: Fixed coupon bonds (“plain vanilla bonds”), zero coupon
bonds, step-up bonds, event-driven bonds with step-up and step-down
coupons, such as rating- or tax-driven bonds, dated and undated callable
subordinated corporate bonds (including fixed-to-floating rate bonds),
soft bullet bonds (these are bonds with an initial fixed-coupon period,and a variable or step-up coupon period thereafter, that are structured
so that they are expected to be redeemed at the end of the initial period),bonds with call options where the first and subsequent call dates areon a date when the bond is otherwise no longer eligible for the index (i.e.
bonds with American call options within the last year prior to maturity),
subordinated financial debt with a contingent conversion feature at thepoint of non-viability (in line with the capital adequacy requirementsof Basel III), subordinated financial fixed-to-floating rate bonds witha reset date on or after the first call date, and senior bank bonds withcall options where the first call date is 25 months or less prior to final
maturity
Excluded: Sinking funds and amortizing bonds, other callable andundated bonds, floating rate notes and other fixed-to-floater bonds,
optionally and mandatory convertible bonds from non-financial issuers,
subordinated financial debt with mandatory contingent conversion
features that are based on an observable trigger or with any conversion
options before the first call date, Collateralized Debt Obligations (CDOs)
and bonds collateralized by CDOs, bonds with differences between
accrual and coupon payment periods and monthly-paying bonds, retailbonds, and private placements

Rating Composition

Time to maturity

Minimum 1 year

Index weights as of 31/08/2022

Amount outstanding

Minimum EUR 500 million (EUR 1 billion from legacy bonds, converted
from pre-EUR currencies)

Issuer Cap

5%Rating

All bonds need to have an average rating of investment grade. Ratingsfrom Fitch Ratings, Moody’s Investor Service and Standard & Poor’s
Rating Services are considered. If more than one agency provides arating, the average rating is attached to the bonds

Currency

Euro (EUR)ESG

The index is in line with the EU BMR regulatory requirements and reduces
absolute emissions over time. Additionally, the index is designed toincrease exposure to companies with lower environment, social, andgovernance risk scores and to reduce exposure to companies which
possess high fossil fuel reserves, as compared to the underlying parent index
UNGC: No violations against the principles of the United Nations Global
Compact (UNGC)
Business Activity Exclusions: Based on Sustainalytics and Trucostscreening as outlined in the index guideGreen Bonds: Data is provided by Climate Bonds Initiative (CBI),
Environmental Finance (EF) and S&P Market Intelligence Reference Dataand contains self-labelled as well as other eligible Green bond issuances.
The index considers bonds broadly based on the International CapitalMarket Association's (ICMA) voluntary Green Bond Principles (GBP)
GHG Emissions: Index level compatible with a 1.5ºC global warming
climate scenario. Scope 1, 2, and 3 emissions are sourced from S&P
Trucost data to meet decarbonization objectives, in line with theEuropean Union's benchmark regulations "EU BMR" for ESG indices

Index weights as of 31/08/2022

Core Financials (33.8%)

Consumer Goods (13.4%)

Utilities (10.5%)

Industrials (9.6%)

Real Estate (6.8%)

Health Care (6.5%)

Telecommunications (6.3%)

Other (13.1%)

AAA (0.3%)

AA (7.0%)

A (40.0%)

BBB (52.7%)

Regional Composition
Index weights as of 31/08/2022

EUROPE (77.0%)

NORTH AMERICA (19.0%)

OCEANIA (1.9%)

ASIA (1.8%)

AFRICA (0.2%)

Index Details
Pricing sources

Multi-source pricing

Calculation

Daily

Rebalancing

MonthlyCalculation time

16:15 (GMT/BST)
Please refer to the SFTP guide for standard publication times available
on our website

History start date

31 January 2019

Weighting

Optimised weights with a 5% issuer cap

For further detailed information, please refer to the index guideon ihsmarkit.com/iBoxx

CONTACT US
The Americas

EMEA

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