WisdomTree has launched the Global Sustainable Equity UCITS ETF in partnership with Irish Life Investment Managers.

The ETF is benchmarked to the Solactive WisdomTree Global Sustainable Equity UCITS Index and is classified as an article 9 fund under SFDR.

WisdomTree says the strategy has been developed by Irish Life Investment Management and is designed to track the performance of listed companies from developed markets that positively contribute to social and/or environmental objectives. It applies the UN Sustainable Development Goals framework to invest in companies with products and services that aim to help tackle climate change and social inequalities, promote a circular economy and/or help protect our natural capital. In addition, the strategy avoids negative externalities through strong ‘Do No Significant Harm’ and ‘Good Governance’ screens and excludes investments into controversial business activities.

The SDG framework adopted by the WisdomTree Global Sustainable Equity UCITS ETF classifies 11 of the 17 UN SDGs into 4 pillars:

Climate action: affordable and clean energy, climate action
Circular economy: responsible consumption and production
Healthy ecosystems: clean water and sanitation, life below water, life on land
Social equity: zero hunger, good health and well-being, quality education, reduced inequalities and sustainable cities and communities

Alexis Marinof, Head of Europe at WisdomTree, said, “Until now, our sustainable investing solutions have leveraged our expertise and expert partnerships in commodities and thematic equities, providing access to the metals and companies linked to the energy transition. Today, in collaboration with Irish Life Investment Managers, we have launched our first core sustainable equity ETF. The new article 9 ETF provides a differentiated approach to global developed market equities by integrating 11 of the 17 SDGs in the investment process.”

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