The CSSP and yourSRI.com have for the second time published the study "Top 100 Funds - European Carbon Study", which assesses the carbon footprints of the largest 100 global and European equity funds registered for the sales countries Austria, France, Germany, Netherlands, Sweden and Switzerland. The total annual GHG emission exposure of all screened funds amounts to 56.0 million tonnes of CO2. This is more than the yearly emissions of a country like Switzerland (47.1 million tonnes of CO2 in 2014). Across all countries, the funds were associated on average with emissions of 155.2 tonnes of CO2 per €1 million invested.
As more and more investors, researchers, governments and international NGOs are realising that investments in companies that produce a high amount of carbon dioxide emissions or promote the use of energy from fossil fuels are fraught with risk, the incentives for measuring the carbon footprint of investment portfolios have increased.
In order to ensure an independent and efficient comparison of greenhouse gas emissions of the largest global and European equity funds, the "Carbon Footprint Analysis Tool" of yourSRI.com was used.
For more information, read the original press release here. The study is available for to download for free at the bottom of this page.