Sands China Qualifies for Dow Jones Sustainability Index

Sands People's Republic of China (OTC:SCHYY), the Macau arm of Las Vegas Sands (NYSE:LVS), is now a qualifying constituent of the Dow Daniel Jones Sustainability Asia Pacific Index.

That’s rarefied airwave for Sands China, because gaming companies aren’t usually included inward sustainability indexes. In fact, the gaming companion is the only integrated resort hotel manipulator included inwards the Asia-Pacific benchmark, and it’s 1 of simply trinity consumer services companies in the gauge.

The Dow Inigo Jones Sustainability Asia/Pacific Index is designed to evaluate the public presentation of Asia-Pacific sustainability leaders as identified past S&P Global through and through the Corporate Sustainability Assessment (CSA),” according to the forefinger provider. “It represents the top of the inning 20 percent of the 600 largest companies inwards the Asia-Pacific highly-developed region inwards the SP Global BMI based on long-term economic, environmental and social criteria.”

Sands China, the operator of fivesome integrated resorts inward Macau, is i of just 12 China- or Hong Kong-listed names inward the Dow Robert Tyre Jones index.

Why It Matters

Sands mainland China overlooking a speckle inwards the sustainability index number is relevant for multiple reasons, non the to the lowest degree of which is money managers that benchmark to that standard of measurement make to buy the gaming company’s shares. Additionally, information confirms investors are flocking to ESG funds.

ESG investing is an more and more pop style among asset allocators. However, many of the equity benchmarks that stick to ESG principles deliberately take out specific industries. Those typically include big entertainment, alcohol, civilian firearms manufacturers, tobacco, and, yes, casino gaming.

“Environmental, social, and governance (ESG) interchange traded cash in hand (ETFs) and exchange traded products (ETPs) listed globally gathered nett inflows of US$11.25 one million million during October, bringing year-to-date network inflows to US$130.28 billion, which is much higher than the US$54.91 one thousand million gathered at this peak lastly year,” according to ETFGI, a London-based ETF research firm.

Sands China’s entry into the Dow Robert Tyre Jones Sustainability Asia Pacific Index is relevant for another reason: Funds that benchmark to that indicant must purchase shares of Sands China.

Sands Has Been Here Before

News of Sands Cathay existence included inwards the Dow Inigo Jones Sustainability Asia Pacific Index arrives nearly a twelvemonth to the solar day after Las Vegas Sands was added to the Dow Mother Jones Sustainability World Index.

The casino operator was also included inwards the Dow John Luther Jones Sustainability Frederick North America Index, making it the first of all gaming equity to be included inwards both of those benchmarks. At that time, LVS was the only if gaming epithet inward those benchmarks.

The Dow John Paul Jones Sustainability Frederick North America Index comprises Frederick North American sustainability leaders as identified by S&P Global through and through the Corporate Sustainability Assessment (CSA), says S&P Dow Inigo Jones Indices.

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