In partnership with Solactive, Barclays today announces the launch of the Solactive Climate Change Europe BTI index. Returns of the new index are available to clients through products exclusively offered by Barclays. The index has been designed to meet the needs of investors looking to explore investment opportunities arising from the global move to a lower-carbon economy.
Using ‘right. based on science’s’ unique scientific data, the index tracks and invests in European companies which are aligned with a 2°C global warming scenario through to 2050 and maximizes investor exposure to companies with emission reduction targets.
The index is also designed to enhance return profiles by applying additional smart beta filters, only including stocks with both lower volatility and a consistent track record of growing dividends.
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.”
The index is created, updated, maintained and published by Solactive AG, a German index provider.
Timo Pfeiffer, Chief Markets Officer, at Solactive said:
“With ESG 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 data, resulted in this first ever index with degree Celsius targets.”
The Solactive right. Climate AVG Target Europe Index calculates the contribution of companies, to climate change under different scenarios up to 2050, amounting to 260 constituents out of a universe of 600 of the largest European companies.