HANetf has partnered with iClima Earth to issue the iClima Global Decarbonisation Enablers UCITS ETF.

The fund will list on the London Stock Exchange, Deutsche Börse Xetra and the Borsa Italiana with an expense ratio of 0.65%. The ETF’s underlying reference is the iClima Global Decarbonisation Enablers Index, a proprietary index developed by iClima Earth and calculated by Solactive. iClima Earth says the index’s focus is on firms offering solutions to reduce CO2 emissions.

iClima Earth estimates that the 151 companies in the index can potentially avoid over 0.6 Gigatonnes of C02e in 2021. Constituents are selected from a universe of stocks listed in developed markets and selected emerging markets, excluding China. Eligible firms must have market capitalizations greater than $200 million.