Intercontinental Exchange has announced the launch of a suite of corporate bond climate indices designed to help achieve net zero carbon emissions by 2050.
ICE’s corporate climate indices apply 23 of their corporate bond benchmarks to create 138 climate indices. For each benchmark index they have created six climate variants using different screening and carbon metrics that all target a reduction in the aggregate carbon emissions of constituents to net zero by 2050.
“The goal of carbon reduction has become a key focus for investors, as they begin to look at not just promises of change, but at actions companies are taking to achieve their emission goals,” said Varun Pawar, Head of ICE Data Indices. “This new suite of indices brings together several of ICE’s strengths – its leadership role in fixed income securities and global environmental markets, experience creating innovative sustainable benchmarks and ability to deliver products that match investors current and future needs.”