SSGA introduces climate Paris aligned ETFs

State Street Global Advisors has launched two SPDR MSCI Climate Paris Aligned ETFs.

The new funds are the SPDR® MSCI USA Climate Paris Aligned ETF (NZUS) and the SPDR® MSCI ACWI Climate Paris Aligned ETF (NZAC). SSGA says the ETFs are designed to give exposures that may help investors implement net-zero strategies and address climate change. The funds track the MSCI USA Climate Paris Aligned and MSCI ACWI Climate Paris Aligned Indexes which support investors seeking to pursue opportunities arising from the transition to a lower-carbon economy while aligning with the Paris Agreement requirements.

“Climate change almost certainly will drive significant structural shifts in the global economy, poses new risks to and opportunities for long-term investments, and potentially creates risks to the financial system” said Ron O’Hanley, Chairman & Chief Executive Officer of State Street Corporation. “Our primary focus is on long-term value creation for investors. We apply the insights we gain from working with global institutional investors to our own ESG priorities as a company.”