USPA
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Equity
FRANKLIN S&P 500 PARIS ALIGNED CLIMATE UCITS ETF
TER (bps):
7
AUM (USD m):
422
ISIN:
IE00BMDPBZ72
Domicile:
Ireland
Share Class Currency:
USD
ESG:
No
Geographical Focus:
United States
As of:
11 Nov 2024
Climate Fund:
Yes
Benchmark
The S&P 500 Paris-Aligned Climate Index is designed to measure the performance of eligible equity securities from the S&P 500 Index, selected and weighted to be collectively compatible with a 1.5sC global warming climate scenario at the index level. The weighting strategy aims to minimize through optimization the difference in constituent weights to the Parent Index while simultaneously delivering a broad range of climate objectives covering transition risk (for instance a minimum self-decarbonization rate of greenhouse gas emissions intensity equating to at least 7% on average per annum), climate change opportunities (through substantially higher green-to-brown revenue share) and physical risk (through a reduced exposure to physical risks from climate change using Trucost’s Physical Risk dataset as defined in the methodology of the Benchmark Index). The Benchmark Index aims to meet and maintain the criteria set out by the European Union’s Technical Expert Group on Climate Benchmark’s ESG Disclosures, to qualify as an EU Paris-Aligned Benchmark ("EU PAB").
PERFORMANCE
