Tortoise MLP Index® (TMLP) Tortoise North American Pipeline Index℠ (TNAP) Tortoise Decarbonization Infrastructure Index℠ (DCRBN) Tortoise Recycling Decarbonization UCITS Index℠ (RECYCLE) Tortoise Recycling Decarbonization Index℠ (RCYCL) Tortoise Global Water ESG Index℠ (TGWESG)

Water is an essential asset — critical to economic growth and social stability. The companies that manage, treat, and distribute water are vital not only to our survival, but also our ability to thrive and prosper. Significant investment must be made to maintain our current infrastructure and to develop new infrastructure to more sustainably utilize and distribute this vital resource

We believe that the Tortoise Global Water ESG Index℠ is comprised of companies that represent the current global water landscape, make conscientious efforts to positively impact the world environmentally, socially, and with solid governance, and are poised to participate and benefit from growth in the water industry. We consciously strives to maximize our positive impact by holding the constituent companies to high standards of positive impact as well.  As such, the methodology requires candidates for this index to achieve a minimum level of ESG score, as determined by Sustainalytics. 

The Tortoise Global Water ESG Index℠ is a proprietary, rules-based, modified capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in the water infrastructure or water management industries.

Methodology highlights:

• ESG screen provided by Sustainalytics, with a minimum required ESG score of 48
• Water requirement (i) derive at least 50% of their revenues from water industry related activities, or (ii) derive at least 40% of its revenues from the water industry, be ranked in the top five companies by total revenue derived from any one water sub-industry, and whose principal source of revenue comes from the water industry.
• Minimum of 30 securities
• No single issuer greater than 7.5% as of the rebalance reference date
  • Only six names will be above 4% of the total index market cap
  • All remaining index constituents will be capped at a maximum weight of 4%

Key eligibility requirements:

• Companies derive substantial gross revenues from water related activities
• Listed on a developed market exchange
• Market capitalization of $400 million for two consecutive quarters at time of index inclusion
• Minimum liquidity turnover of 0.15 for two consecutive quarters to enter the index
• At least 80% of the market cap of the index must meet minimum ESG score