ESMA grants recognition to ICE Data Indices under EU Benchmarks Regulation

Intercontinental Exchange, Inc. announced that the European Securities and Markets Authority has granted recognition to ICE Data Indices as a third-country benchmark administrator under the EU Benchmarks Regulation.

This decision ensures that the 100 Climate Transition and Paris-Aligned Benchmarks offered by IDI remain available for use by supervised entities within the European Union.

These benchmarks are part of IDI's Climate Index series, a range of fixed income indices incorporating ESG screening and a carbon reduction methodology designed to support the transition to net zero by 2050.

The indices represent various currencies and emissions metrics, including the ICE Euro Corporate Climate Transition CTB Index and the ICE Global Corporate Paris-Aligned Absolute Emissions PAB Index.

"With the ongoing demand for responsible and sustainable investing, the goal of carbon reduction has become even more important for investors," said Preston Peacock, Head of ICE Data Indices.

He added that the ESMA recognition expands the firm's reach and supports efforts to help investors make informed decisions to meet emission reduction goals.

IDI also administers other benchmarks not currently within the scope of the EU regulation and holds similar recognition from the U.K. Financial Conduct Authority.