MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

The MSCI Europe ESG Leaders Select Sustainability Index is based on the MSCI Europe Index, its parent index, and includes large and mid-cap securities across Developed Markets (DM) in Europe. The index aims to represent the performance of an investment strategy that selects securities of companies that have high Environmental, Social and Governance (ESG) ratings relative to their sector peers and reweights the constituents to meet additional climate requirements imposed.

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Index code	736075
Index type	Equity
Benchmark administrator	MSCI LIMITED
Div Yld (%)	3.01
P/E	18.06
P/E Fwd	15.59
P/BV	2.42

Number of constituents	275
Index Market Cap	$7.08 T
Largest constituent Market Cap	$224.49 B
Smallest constituent Market Cap	$182.70 M
Average constituent Market Cap	$25.76 B
Median constituent Market Cap	$18.81 B
Does this benchmark pursue ESG objectives?	Yes

Data as of Nov. 28, 2025

		Annualized std dev (%)²	Sharpe ratio^2,3	Maximum drawdown
MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S	53.26	15.44	18.26		1.08	0.47		36.48	2021-09-06 - 2022-09-29
MSCI ACWI IMI Index	2.16	12.72	15.17	14.90	1.29	0.71	0.67	58.59	2007-10-31 - 2009-03-09

ESG metrics

Summary

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

Implied Temperature Rise

> 1.5°C - < 2°C

100.0% coverage

MSCI ACWI IMI Index

Implied Temperature Rise

> 2.0°C - < 3.2°C

94.3% coverage

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S	Score	Coverage
ESG Score	8.4	100.0%
UN Global Compact Violations % (*)	0.0%	100.0%
Red Flag ESG Controversies % (*)	0.0%	100.0%

MSCI ACWI IMI Index	Score	Coverage
ESG Score	6.5	88.0%
UN Global Compact Violations % (*)	0.1%	98.4%
Red Flag ESG Controversies % (*)	0.1%	98.4%

(*) Additional ESG factor not mentioned in the regulation but provided for transparency purposes.

Data available as of Nov. 2025. The information was updated as part of the regular monthly update cycle. Data available as of Nov. 2025. The information was updated as part of the regular monthly update cycle.

MSCI ESG and climate ratings, research and data are produced by MSCI ESG Research LLC, a subsidiary of MSCI Inc. MSCI ESG Indexes, Analytics, Real Assets, and Private Capital Solutions are products of MSCI Inc. that utilize information from MSCI ESG Research LLC. MSCI Indexes are administered by MSCI Limited and MSCI Deutschland GmbH.

Consolidated environmental rating distribution

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

MSCI ACWI IMI Index

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S	Score	Coverage
Environmental Pillar Score	6.8	100.0%
Aggregated Climate VaR %	-13.9%	--
Policy Risk Climate VaR %	-10.7%	100.0%
Technology Opportunities Climate VaR %	2.2%	79.0%
Physical Risk Climate VaR %	-5.2%	100.0%
Fossil Fuel-Based Sector Exposure (NACE) %	3.5%	100.0%
Enterprise Carbon Intensity (t CO2e/$M EVIC)	185.7	100.0%
Reported Emissions %	0.0%	--
Estimated Emissions %	0.0%	--
Wtd Avg Carbon Intensity (t CO2e/$M Sales)	498.3	100.0%
High Climate Impact Sector Exposure %	64.7%	100.0%
Fossil Fuel Reserves % (*)	0.0%	100.0%
Green Revenue	7.9	100.0%
Green Capex %	2.1%	26.5%
Green Bonds % (**)	--	--

MSCI ACWI IMI Index	Score	Coverage
Environmental Pillar Score	5.8	88.0%
Aggregated Climate VaR %	-18.0%	--
Policy Risk Climate VaR %	-14.0%	95.9%
Technology Opportunities Climate VaR %	1.2%	63.4%
Physical Risk Climate VaR %	-6.5%	90.6%
Fossil Fuel-Based Sector Exposure (NACE) %	6.4%	100.0%
Enterprise Carbon Intensity (t CO2e/$M EVIC)	354.7	96.2%
Reported Emissions %	2.8%	--
Estimated Emissions %	0.7%	--
Wtd Avg Carbon Intensity (t CO2e/$M Sales)	849.1	96.2%
High Climate Impact Sector Exposure %	59.8%	100.0%
Fossil Fuel Reserves % (*)	4.6%	97.2%
Green Revenue	9.1	98.6%
Green Capex %	0.4%	19.0%
Green Bonds % (**)	--	--

(*) Additional ESG factor not mentioned in the regulation but provided for transparency purposes.

(**) The universe of self-labelled green bonds is sourced from Refinitiv and Climate Bonds Initiative. Bonds included in the MSCI Fixed Income Indexes that are not identified as selflabelled green bonds based on data from Refinitiv and Climate Bonds Initiative are deemed non-compliant with the green bond criteria as defined by the MSCI ESG Research Green Bond Assessment methodology. Such bonds are counted towards the Coverage %.

Data available as of Nov. 2025. The information was updated as part of the regular monthly update cycle. Data available as of Nov. 2025. The information was updated as part of the regular monthly update cycle.

MSCI ESG and climate ratings, research and data are produced by MSCI ESG Research LLC, a subsidiary of MSCI Inc. MSCI ESG Indexes, Analytics, Real Assets, and Private Capital Solutions are products of MSCI Inc. that utilize information from MSCI ESG Research LLC. MSCI Indexes are administered by MSCI Limited and MSCI Deutschland GmbH.

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S	Score	Coverage
Social Pillar Score	5.6	100.0%
Controversial Weapons %	0.0%	100.0%
Tobacco Involvement - Highly Restrictive %	0.0%	--
Tobacco Involvement - Moderately Restrictive % (*)	0.0%	100.0%
Social Violations (Count)	0.0	100.0%
Social Violations (% of Constituents)	0.0%	100.0%
Lack of Due Diligence Policy (ILO) %	11.1%	100.0%
Gender Pay Gap	11.9	87.2%
Female:Male Board Diversity Ratio	74.3	100.0%
Total Recordable Injury Rate	3.5	93.6%
Bribery and Corruption Controversies (Sum)	8.0	100.0%

MSCI ACWI IMI Index	Score	Coverage
Social Pillar Score	5.0	88.0%
Controversial Weapons %	0.3%	99.4%
Tobacco Involvement - Highly Restrictive %	0.7%	--
Tobacco Involvement - Moderately Restrictive % (*)	0.5%	99.4%
Social Violations (Count)	14.0	98.4%
Social Violations (% of Constituents)	0.1%	98.4%
Lack of Due Diligence Policy (ILO) %	35.6%	95.8%
Gender Pay Gap	14.2	78.7%
Female:Male Board Diversity Ratio	55.2	96.9%
Total Recordable Injury Rate	4.4	70.9%
Bribery and Corruption Controversies (Sum)	125.0	98.4%

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S	Score	Coverage
Governance Pillar Score	6.9	100.0%
Board Independence	84.0	100.0%
Board Gender Diversity	41.5	100.0%

MSCI ACWI IMI Index	Score	Coverage
Governance Pillar Score	5.8	88.0%
Board Independence	78.8	97.2%
Board Gender Diversity	33.7	97.2%

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ASML HLDG	3.33%
NOVARTIS	2.42%
SAP	1.93%
IBERDROLA	1.64%
SIEMENS	1.55%
ALLIANZ	1.53%
SCHNEIDER ELECTRIC	1.43%
NOVO NORDISK B	1.34%
ABB LTD	1.27%
ENEL	1.24%

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MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

Index risk and return characteristics

Top 10 constituents

Sector weights

Country weights

ESG metrics

Summary

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

MSCI ACWI IMI Index

Consolidated environmental rating distribution

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

MSCI ACWI IMI Index

Consolidated social rating distribution

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

MSCI ACWI IMI Index

Consolidated governance rating distribution

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

MSCI ACWI IMI Index

Want to learn more about MSCI indexes?
Get in touch.

		Annualized std dev (%)²			Sharpe ratio^2,3			Maximum drawdown
Index	Turnover(%)¹	3 YR	5 YR	10 YR	3 YR	5 YR	10 YR	%	Period YYYY-MM-DD
MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S	53.26	15.44	18.26		1.08	0.47		36.48	2021-09-06 - 2022-09-29
MSCI ACWI IMI Index	2.16	12.72	15.17	14.90	1.29	0.71	0.67	58.59	2007-10-31 - 2009-03-09

Featured solutions bring together a variety of products to create approaches customized to your needs

MSCI Research Weekly

By topic

By asset class

AI Portfolio Insights

Index categories

Index resources

MSCI All Country Public + Private Equity Index

By asset class

By theme

Hidden in Plain Sight

Who we are

News and events

Innovation

Grow with us

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

Index risk and return characteristics

Top 10 constituents

Sector weights

Country weights

ESG metrics

Summary

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

MSCI ACWI IMI Index

Consolidated environmental rating distribution

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

MSCI ACWI IMI Index

Consolidated social rating distribution

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

MSCI ACWI IMI Index

Consolidated governance rating distribution

MSCI Europe Climate Choice ex Selected Securities Index* *an MSCI custom index based on the stock exclusion list provided by Nykredit Bank A/S

MSCI ACWI IMI Index

Want to learn more about MSCI indexes?Get in touch.

Want to learn more about MSCI indexes?
Get in touch.