UPAB
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Equity
ISHARES S&P 500 PARIS-ALIGNED CLIMATE UCITS ETF USD (ACC)
TER (bps):
7
AUM (USD m):
508
ISIN:
IE00BMXC7V63
Domicile:
Ireland
Share Class Currency:
USD
ESG:
No
Geographical Focus:
United States
As of:
09 Apr 2024
Climate Fund:
Yes
Benchmark
The S&P 500 Paris-Aligned Climate Sustainability Screened Index aims to reflect the performance characteristics of a subset of equity securities (e.g. shares) within the S&P 500 Index (Parent Index), which are selected to be collectively compatible with the aim of holding the increase in the global average temperature (a "1.5°C global warming scenario"), at the Index level. The Index aims to meet the minimum standards for EU Paris-Aligned benchmarks set out in the Commission Delegated Regulation (EU) 2020/1818 for the methodology of benchmark indices that would be aligned with the objectives of the Paris Agreement (adopted under the United Nations Framework Convention on Climate Change approved by the European Union on 5 October 2016). The Index excludes companies based on their involvement in specific business activities, performance against the principles of the United Nations’ Global Compact and involvement in ESG controversies as determined by the index provider. The remaining constituents are then selected and weighted based on specific thresholds and other criteria as determined by the index provider with the aim of collectively meeting certain decarbonization targets whilst also collectively seeking to manage transition and physical climate risks and take advantage of climate change opportunities.
PERFORMANCE
