LCWLD
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Equity
BNP PARIBAS EASY LOW CARBON 300 WORLD PAB UCITS ETF
TER (bps):
31
AUM (USD m):
48
ISIN:
LU2194449075
Domicile:
Luxembourg
Share Class Currency:
EUR
ESG:
No
Geographical Focus:
Developed Markets
As of:
06 Nov 2024
Climate Fund:
Yes
Benchmark
The Euronext Low Carbon 300 World PAB Index is composed of 300 international equities selected according to environmental, social and governance (ESG) liability criteria, mainly on the basis of their climate rating. Fossil-fuel activities are excluded from the index. The index administrator also selects up to 45 companies whose main activity is related to the energy transition. The maximum weight of a company within the index is limited to 10% on each rebalancing date. The index is also aiming to comply with the objectives of the new benchmark category: Paris Aligned Benchmark (PAB), as defined in the framework of the European Taxonomy Regulation. The objective of the Euronext Low Carbon 300 World PAB Index is to provide investors with exposure to a basket of international equities based on the opportunities and risks associated with the climate transition. The index is also aiming to comply with the Paris Aligned Benchmark (PAB) targets of reducing carbon intensity by at least 50% relative to the initial investment universe and achieving an additional decarbonisation target of 7% each year.
PERFORMANCE
