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NYSE Euronext and EasyETF launch European low-carbon index and ETF

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NYSE Euronext has announced the launch of a new carbon index identifying European companies with a low carbon footprint, the Low Carbon 100 Europe Index, created in partnership with non-go

NYSE Euronext has announced the launch of a new carbon index identifying European companies with a low carbon footprint, the Low Carbon 100 Europe Index, created in partnership with non-governmental organisations AgriSud, GoodPlanet.org and WWF (formerly known as the World Wildlife Fund).

At the same time, BNP Paribas Asset Management has announced the creation of a new exchange-traded fund, the EasyETF Low Carbon 100 Europe, which is based on the newly-launched index and is to be listed on Euronext Paris.

The index seeks to measure the performance of the 100 largest blue-chip European companies with the lowest carbon dioxide emissions in their respective sectors or sub-sectors. The index uses data provided by Trucost, a UK-based environmental research company, and Crédit Agricole Cheuvreux, using a methodology developed in collaboration with experts from Paris Dauphine University and validated by an independent scientific committee.

When compared with a benchmark of the 300 largest European companies, the companies included in the Low Carbon 100 Europe Index have, on average, around 42 per cent lower carbon emissions.

‘There is a growing investor appetite for products that are carbon-efficient, and we are delighted to launch the first pan-European low-carbon index, specifically designed with the support of an international group of experts and in close relation with NGOs,’ says Jean-François Théodore (photo), deputy chief executive of NYSE Euronext. ‘This innovative initiative offers investors a new trading tool and enlarges our environmental offering, which already includes Bluenext and Metnext.’

Trucost chief executive Simon Thomas says: ‘Trucost’s work with NYSE Euronext provides all investors with the opportunity to invest in carbon-efficient companies in their industry sectors. As the cost of emissions increases, the ground-breaking ETF and underlying index are designed to enable fund managers and retail investors to achieve above-market returns with a much lower exposure to carbon risk.’

Gilles Glicenstein, chairman and chief executive of BNP Paribas Asset Management, adds: ‘EasyETF Low Carbon 100 Europe will be the first tracker enabling individual and institutional investors to integrate the carbon constraint in their investment choices. Besides, the launch of this new product is a natural expansion of our commitment to the management and promotion of sustainable and responsible investment.’

The EasyETF range draws on the combined expertise of Axa Investment Managers and BNP Paribas in fund management, market-making and distribution, and aims to provide access to asset classes including equities, bonds, money markets, credit, real estate, commodities and Shariah equities, as well as economic sectors such as banking, health care and media and themes including infrastructure, the environment, and nuclear power.

The EasyETF product range now includes 53 trackers, of which 47 are listed on Euronext Paris, 10 on Deutsche Börse, two on the Swiss Stock Exchange and seven on Borsa Italiana, representing a total of EUR3.96bn in assets under management at the end of September. BNP Paribas Asset Management had EUR225bn in assets under management and advisory at the end of June.

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