CCA & Solactive launch Green REIT Index

Carbon Care Asia (CCA) has partnered with Solactive to launch the Solactive CarbonCare Asia Pacific Green REIT Index.

The Solactive CarbonCare Asia Pacific Green REIT Index is a rules-based index and includes Asia-Pacific REITs that own the highest percentage of green-certified buildings in their portfolio and which are committed to climate-aligned emissions reduction targets. Additionally, the index applies weights to reward best practices and industry climate leaders in Asia-Pacific. The weighting methodology on securities is based upon a combination of factors such as the percentage of Certified Green Building Area owned; or a commitment to a Net Zero Emissions (NZE) target no later than 2050 or a Science-Based Target (SBT).

As of 23 November 2020, the index holds 56 REITs, with a weighted average yield of 4.3%. The index is quoted in USD and calculated as a total return index.