EUPA

Equity

FRANKLIN STOXX EUROPE 600 PARIS ALIGNED CLIMATE UCITS ETF

TER (bps):

15

AUM (USD m):

47

ISIN:

IE00BMDPBY65

Domicile:

Ireland

Share Class Currency:

EUR

ESG:

No

Geographical Focus:

Europe

As of:

11 Apr 2024

Climate Fund:

Yes

Benchmark

The STOXX Europe 600 Paris-Aligned Benchmark Index follows the EU Paris-aligned Benchmark (EU PAB) requirements outlined by the Technical Expert Group (TEG) on climate benchmarks. It aims to reduce their greenhouse gas intensity by at least 50% when compared to their underlying STOXX Europe 600 benchmark and is also designed to meet the year on year 7% decarbonization target. Companies identified as non-compliant based on Sustainalytics Global Standards Screening (GSS) assessment or are involved in Controversial Weapons are not eligible for selection. Tobacco Producers, as identified by ISS ESG, are also not eligible. Securities that generate revenues above a certain threshold from coal, oil and gas exploration or processing activities are excluded. Additionally, securities that derive more than 10% of their revenues from thermal coal-based power generation, or more than 50% from power generation with carbon intensity of lifecycle emissions higher than 100g CO2e/kWh are not considered for selection. Furthermore, STOXX will exclude companies that ISS ESG assesses to have Significant Obstruction in the UN SDG 13.

PERFORMANCE

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