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.