JPM CARBON TRANSITION GLOBAL EQUITY (CTB) UCITS ETF - USD (ACC)

TER (bps):

AUM (USD m):

1,307

ISIN:

IE00BMDWYZ92

Domicile:

Ireland

Share Class Currency:

USD

ESG:

Geographical Focus:

Global

As of:

25 Apr 2024

Climate Fund:

Yes

Benchmark

JPMorgan Asset Management Carbon Transition Global Equity Index aims to meet the requirements for EU Climate Transition Benchmarks (CTB) as defined in the EU Climate Benchmarks Regulation, including, amongst others, a requirement to select, weight or exclude assets in such a way that the resulting portfolio is on a decarbonisation trajectory. The Index must have a Weighted Average Carbon Intensity (“WACI”) at least 30% below its Investable Universe. The Index uses a three-step, rules based approach. First, the regional and sector weights are allocated in accordance with the Investable Universe. Second, all remaining eligible companies are evaluated through the use of the Index Provider's proprietary research and third party data and allocated an aggregate score derived from the following three scores: (i) emissions score (how effectively the company is managing emissions on site, as well as through its provision of products and services), (ii) resource management score (how effectively the company is managing the resources which it consumes such as electricity, water and waste), and (iii) risk management score (how effectively the company is managing its supply chain risks, physical risks and reputational risks). Finally, the companies are re-weighted relative to the weights that they have in the Investable Universe based on their aggregate score, leading to companies with higher scores having a higher weighting in the Index and similarly those with lower scores having a lower weighting in the Index.