UK-based bank Barclays and index engineering company Solactive announced today the launch of the Solactive Climate Change Europe BTI index, designed to provide exposure for investors to investment opportunities arising from the global move to a lower-carbon economy.
Underlying the new index is, the Solactive right. Climate AVG Target Europe Index, which tracks low climate impact companies out of a universe of 600 of the largest European companies. The index uses data from scientific data by climate metrics and software provider right. based on science, to calculate the contribution of companies to climate change under different scenarios up to 2050, investing in European companies aligned with a 2°C global warming scenario. The index tracks European companies with low global warming impacts, while maximizing exposure to companies with emission reduction targets.
Timo Pfeiffer, Chief Markets Officer, at Solactive said:
“With ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More as the main trend in the markets, it is fair to say that climate transition strategies are those in the spotlight. Working with two close partners, the teams at Barclays and right. based on science with their innovative climate impact data, resulted in this investable index with improved degree Celsius impact traceable down to the individual company level.”
Arnaud Heckenroth, Head of Equities Structuring EMEA, at Barclays, said:
“Climate-aware investment strategies have never been so important and Barclays is proud to have worked with Solactive to provide this efficient investment solution, uniquely aligned with the objective of the Paris Agreement to keep the increase in global average temperature to below 2°C above pre-industrial levels.”
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