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Index Methodology

Designed in partnership with Vested Impact, impact is at the heart of the methodology underpinning our indices. Robust impact analysis ensures that only the highest-rated companies are selected for our funds.

  1. Initial Screening
  2. Impact Analysis
  3. Final Index

Step 1
Initial Screening

BITA screen the global equity universe for companies that are materially aligned to each sub-theme. An exclusion list based on the proprietary BITA CIRCA5000 StayAway Framework is then applied to exclude any businesses involved in controversial business activities or conduct. Additional financial filters are applied for market capitalisation, liquidity and free-float.

Step 2
Impact Analysis

The remaining companies in each theme are then meticulously analysed and scored by Vested Impact. Their methodology uses over 100,000,000 data points from over 250 organisations to validate company impact, feeding into 4 core pillars that are consistent across all companies. The methodology produces an absolute impact rating for each company that we then use to construct the final index for each fund.

Impact Rating - How good is the impact of the company's activity/s? Lives Score - How many people are significantly positively impacted by the company? People - How in need are the people being impacted? Importance - How important is this change to the people? And the World? Value - What is the value of the change being delivered? Effect - How effective is the impact? What would happen if they did nothing? Generates more than 122 Assessment points. Uses AI to apply context specific impact indicators, pulling on over 100 million integrated impact data points for over 250 impact organisations including UN Sustainable Development Goals, United Nations Development Programme, International Finance Cooperation - World Bank Group, United Nations Office for the Coordination of Humanitarian Affairs, Organisation for Economic Cooperation and Development, UN Environment Programme, The Centre for Humanitarian Data, Humanitarian Data Exchange, Food and Agriculture Organization of the United Nations. Asset-Level Data - Company Disclosure and public source data. Impact Rating - How good is the impact of the company's activity/s? Lives Score - How many people are significantly positively impacted by the company? People - How in need are the people being impacted? Importance - How important is this change to the people? And the World? Value - What is the value of the change being delivered? Effect - How effective is the impact? What would happen if they did nothing? Generates more than 122 Assessment points. Uses AI to apply context specific impact indicators, pulling on over 100 million integrated impact data points for over 250 impact organisations including UN Sustainable Development Goals, United Nations Development Programme, International Finance Cooperation - World Bank Group, United Nations Office for the Coordination of Humanitarian Affairs, Organisation for Economic Cooperation and Development, UN Environment Programme, The Centre for Humanitarian Data, Humanitarian Data Exchange, Food and Agriculture Organization of the United Nations. Asset-Level Data - Company Disclosure and public source data. Impact Rating - How good is the impact of the company's activity/s? Lives Score - How many people are significantly positively impacted by the company? People - How in need are the people being impacted? Importance - How important is this change to the people? And the World? Value - What is the value of the change being delivered? Effect - How effective is the impact? What would happen if they did nothing? Generates more than 122 Assessment points. Uses AI to apply context specific impact indicators, pulling on over 100 million integrated impact data points for over 250 impact organisations including UN Sustainable Development Goals, United Nations Development Programme, International Finance Cooperation - World Bank Group, United Nations Office for the Coordination of Humanitarian Affairs, Organisation for Economic Cooperation and Development, UN Environment Programme, The Centre for Humanitarian Data, Humanitarian Data Exchange, Food and Agriculture Organization of the United Nations. Asset-Level Data - Company Disclosure and public source data.

Overall Net Impact Rating

The Overall Net Impact Rating is a quantification of the quality of the company’s activity/s, as a weighted average of the company’s positive and negative impact scores.

-100
+100

Positive Impact Score Range

The Positive Impact Score is the weighted average of the overall degree of positive impact the company’s activities deliver.

Very High Impact:
Score range: 75-100
Very High Impact Score range: 75-100 A very high impact company has products and services that directly serve society and the environment on issues that are most important and delivers value with little negative impacts.
High Impact:
Score range: 50-74		 High Impact Score range: 50-74 A high impact company has a very significant impact on issues that are important and serving in need stakeholders, and generally has low negative impacts.
Medium Impact:
Score range: 25-49		 Medium Impact Score range: 25-49 A medium impact company has a significant impact on issues that are important and serving in need and vulnerable stakeholders.
Low Impact:
Score range: 1-24		 Low Impact Score range: 1-24 A company scoring Low Impact has minimal or undiscernible significant positive benefits on social issues through their products and services and/or has significant negative impacts.

Step 3
Final Index

Only companies with the highest Vested Impact Scores remain in the universe. The indices are weighted using a combination of market capitalisation and Vested Impact Scores.

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Important information - Investments can go down in value as well as up, so you can get back less than you invest. The information on this page isn't investment advice. If you're not sure if an investment is right for you, please seek advice. Tax rules can change and depend on individual circumstances.