STOXX Limited, a leading provider of innovative, tradable and global index concepts, today introduced the STOXX Low Carbon index family. The new index family consists of four sub-families, which offer varying degrees of carbon exposure to enable market participants to limit the exposure of their portfolios to carbon risk while participating in the low-carbon economic growth.
The STOXX Low Carbon Indices are based on reported and estimated carbon emission data of companies, collated and provided by South Pole Group and CDP. As part of the four sub-families, the STOXX Low Carbon Indices use both estimated and reported carbon intensity data that are closest to the underlying benchmark. They are aimed at investors who want to decarbonise their portfolio while participating in the market movements.
"This newly launched carbon index family will help get investors ready for a more carbon-constrained world and its financial implications," emphasises Maximilian Horster, Director Financial Industry at South Pole Group. "We are thrilled to be able to share our long-standing expertise in carbon-responsible investing in this joint action with STOXX and CDP."