New Listing

HANetf to launch first European Green Deal ETF

The ETF will track a SocGen benchmark launched in 2020

Jamie Gordon

EU Europe green transition renewable energy

White-label issuer HANetf is set to launch an ETF tracking companies identified by Société Générale to benefit from Europe’s transition to carbon neutrality by 2050 as part of the European Green Deal.

A launch date has not been confirmed for HANetf’s European Green Deal ETF.

It is set to track the SGI European Green Deal NTR index which equally weights 55 Europe-listed companies involved in the clean energy, sustainable mobility, building and renovation and circular economy sectors.

Securities must have a three-month daily trading volume of at least €5m, a market capitalisation of €500m, at least 20% revenue exposure to Europe and be in the top two-thirds of companies based on environmental scoring to be eligible for inclusion.

The ETF is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR). 

The European Commission Green Deal initiative has the goal of cutting emissions in member states by 55% by 2030.

This includes targets such as 45% of power being generated by renewable sources by 2030, a 90% reduction in transport-related emissions by 2050 and a goal of 70% of European waste being recycled by 2030. 

Hector McNeil, co-founder and co-CEO of HANetf, commented: "The ETF will provide investors with a means of accessing the companies that will be central to Europe’s net-zero transition.

“The European Green Deal is set to reshape the EU economy over the coming decades as member states strive to achieve climate neutrality by 2050. This will require considerable investment and should promote the growth of companies that have a role to play in the transition.

"SocGen has been among European leaders in the financial services sector for over 150 years and we look forward to working with them on this ETF."

The new product will mark another sustainable strategy launch for HANetf following the arrival of the Sprott Energy Transition Materials UCITS ETF (SETM) in March.

SETM captures the Nasdaq Sprott Energy Transition Materials ex Uranium index of 77 companies involved in mining transition metals.

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