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iClima Earth products now classified as Article 9 investments


HANetf and iClima Earth have announced that the iClima Global Decarbonisation Enablers UCITS ETF (CLMA) and iClima Distributed Renewable Energy UCITS ETF (DGEN), are now classified as Article 9 investments under the new EU Sustainable Finance Disclosure Regulation (SFDR), which came into force in March 2021.

Under the new SFDR regulation, Article 9 funds have sustainable investment as their objective and an index has been designated as a reference benchmark. iClima Earth has taken a thoughtful approach to how it has classified funds, in keeping with UN sustainable development goals and the need to have a clear purpose and specific tangible metric as a proxy for impact as well as a longstanding, high integrity approach to responsible investment.

The two funds, iClima Global Decarbonisation Enablers UCITS ETF (CLMA) and iClima Distributed Renewable Energy UCITS ETF (DGEN) were launched by iClima Earth on the HANetf platform in the last 12 months.

CLMA is the world’s first climate change UCITS ETF that provides exposure to the performance of companies offering products and services that enable CO2e avoidance. CLMA is unique because it shifts the focus from companies’ emission reduction actions to companies offering products and services that directly enable CO2e avoidance solutions and shines a spotlight on climate change innovators. CLMA has a TER of 0.65 per cent, and tracks the iClima Global Decarbonisation Enablers Index, which has grown by 56.05 per cent in the past 12 months (as of August 2021) and 155.44 per cent since inception in 2017. On 01 September 2021, CLMA recently reached USD50million assets under management.

DGEN provides exposure to companies promoting the decentralisation of energy generation that allows green energy to be created and managed close to the point of use, for example at home, such as residential solar panels, energy storage, smart meters, vehicle-to-grid energy (‘V2G’), electric vehicle charging and smart inverters. DGEN has a TER of 0.69 per cent, and tracks the iClima Distributed Renewable Energy Index TR, and over the past 12 months, the index was up 88.68 per cent (as of August 2021) and 347.67 per cent since inception in 2017.

Gabriela Herculano, CEO of iClima Earth says: “iClima Earth’s mission is to focus on companies that can de-carbonise the planet and promote companies that are innovating to provide solutions and technology that will enable us to reach net zero carbon emissions as quickly as possible. We’re delighted that both of our funds, iClima Global Decarbonisation Enablers UCITS ETF (CLMA) and iClima Distributed Renewable Energy UCITS ETF (DGEN), have been re-classified from Article 6 to Article 9, demonstrating they have UN sustainable development goals (SDGs) as their objective throughout the investment process.”

Manooj Mistry, COO of HANetf says: “Article 9 funds need to incorporate sustainability and good governance into their investment objective and iClima Earth has a distinctive methodology of investing in companies that are at the forefront of fighting climate change. We’re delighted that iClima Earth are working with HANetf to develop ETFs with real impact. HANetf offers the most extensive range of thematic ETFs in Europe and we take pride in working with world leading experts in their field such as iClima Earth who not only support great investment themes but look to genuinely make an impact.”

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