HSBC offers access to world’s first broad-based biodiversity screened equity indices

COP26 has given added momentum to the importance of protecting biodiversity and achieving the goals set by the Paris Agreement.

Investor Relations Specialist

Share on facebook
Share on twitter
Share on linkedin

HSBC announced the launch of the Euronext ESG Biodiversity Screened Index series, jointly developed by HSBC, Euronext, and Iceberg Data Lab. These are the first investable biodiversity screened benchmark indices based on a broad range of equities.

COP26 has given added momentum to the importance of protecting biodiversity and achieving the goals set by the Paris Agreement. More than 100 countries, which cover 85% of Earth’s existing forests, have now pledged to end and reverse deforestation by 2030.

“The Euronext ESG Biodiversity Screened Indices provide a benchmark for investors as to which stocks to include in their portfolios and which to exclude, based on how a company’s overall activities impact nature. They will also be able to invest in a range of products that track these indices. In this way, investors will have greater oversight of their portfolios’ ESG and biodiversity credentials.”

Patrick Kondarjian, Global Co-Head of ESG Sales, Markets & Securities Services, HSBC

“We are helping to develop business and investment models for enterprises that are finding ways to restore, manage and protect nature. Biodiversity and ecosystems provide value to society in a myriad of ways such as food security, medicine, clean water, carbon removal and weather regulation. The decline in natural capital has been rapid and is ongoing.”

Marine de Bazelaire, Group Advisor on Natural Capital, HSBC

Constituent companies of the Euronext ESG Biodiversity Screened Indices are selected from either the Euronext Eurozone 300 Index or Euronext World Index, using the following criteria:

  • They are committed to the UN Global Compact Principles; are not involved in controversial weapons, tobacco production, or thermal coal extraction, leveraging Sustainalytics analysis;
  • Their ESG Risk scores as determined by Sustainalytics; and
  • Their Corporate Biodiversity Footprint (CBF) score, calculated by Iceberg Data Lab, which assesses their impact on biodiversity from change of land use, greenhouse gas emissions, air and water pollution, taking into consideration their whole value chain (Scope 1,2 & 3).

“We are putting nature and biodiversity at the heart of our net zero strategy because we believe that protecting and restoring nature is essential for a thriving global economy and a successful net zero transition,”

Marine de Bazelaire, Group Advisor on Natural Capital, HSBC

HSBC is a member of the cross-industry Taskforce for Nature-related Financial Disclosures (TNFD), which aims to provide a framework for reporting nature-related risks.

Transition to net zero is one of HSBC’s four strategic pillars. HSBC has committed to providing between US$750 billion and US$1 trillion in finance and investment by 2030 to support its customers across sectors to decarbonise and accelerate new climate solutions.

Share on facebook
Share on twitter
Share on linkedin

Related Post

Last Tweets

🗣 #ESG bond issuance will grow exponentially in emerging markets over the next decade @PictetGroup

🔗 #ESG
... #EmergingMarkets #RankiaProEurope

https://en.rankiapro.com/esg-bond-issuance-will-grow-exponentially-in-emerging-markets-over-the-next-decade/

🗣 Changing labour markets highlight the value of human capital @CapitalGroup

🔗 #Labourmarkets #insights
... #RankiaProEurope

https://en.rankiapro.com/changing-labour-markets-highlight-the-value-of-human-capital/

🗣 Can the EU solve the stakeholder capitalism equation and offer a solution for its sustainable corporate governance ... model? @CFASpain

🔗 #CFA #StakeholderCapitalism #RankiaProEurope

https://en.rankiapro.com/can-eu-solve-stakeholder-capitalism-equation-offer-solution-sustainable-corporate-governance-model/

🗣 Continuation of the global economic cycle in a diverging world @FrancaiseGroup

🔗 #GlobalEconomic #Recovery
... #RankiaProEurope

https://en.rankiapro.com/continuation-global-economic-cycle-in-a-diverging-world/

Book now

HSBC offers access to world’s first broad-based biodiversity screened equity indices