should these indexing sites be considered?

In the institution that I am currently working on, which is a university of applied sciences, in the field of Computer Science. Recently there has been formed a section that is in charged of giving the 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 that, for our field, there should be considered other criteria such as that 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 they have good reputation. How to propose that change? What do you think about considering these indexing venues also?

Thanks