Should computer science indexing sites be considered in rating research?

I am currently working at a university of applied sciences, in the field of Computer Science. Recently there has been formed a section that is in charge of giving stipends related to research. This group has put as a rule that they will only fund research that is indexed in Scimago and in Scopus, but that this could change over time. They have in mind that this would help the institution for increase their visibility in terms of research.

My question is, for our field, should there be other criteria considered, such as if the publication has been indexed in ACM, IEEE Xplore, or DBLP? I mean, there are some conferences that are not considered in Scimago or in Scopus, but that have a good reputation. How to propose that change? What do you think about considering these indexing venues also?