EURO iSTOXX® Ambition Climat PAB
The EURO iSTOXX Ambition Climat PAB Index is based on liquid securities from the EURO STOXX Total Market Index. The index follows the EU Paris-aligned Benchmark (EU PAB) requirements outlined by the Technical Expert Group (TEG) on climate benchmarks. The index is designed to help investors shift towards a low-carbon economy and align investments to the Paris Climate Agreement.
Companies identified as non-compliant based on Sustainalytics Global Standards Screening (GSS) assessment, or are involved in anti-personnel mines, biological and chemical weapons, cluster weapons, depleted uranium and white phosphorus weapons are not eligible for selection. Tobacco Producers, as identified by ISS ESG, are also not eligible. Securities that generate revenues above a certain threshold from coal, oil and gas exploration or processing activities are excluded. Additionally, securities that derive more than 10% of their revenues from thermal coal based power generation, or more than 50% from power generation with carbon intensity of lifecycle emissions higher than 100gCO2e/kWh are not considered for selection.
The weighing process follows an optimization process to meet the minimum requirements detailed in the TEG report. The index aims to reduce its greenhouse gas intensity by at least 50% when compared to the benchmark. The index is also designed to meet the year on year 7% decarbonization target.
Green to brown energy revenue share ratio of the index is at least four times that of the benchmark. The index ensures that high climate impact sectors are not underweighted relative to the benchmark. The index also overweighs securities with Science Based Targets, as verified by the Science Based Target initiative (SBTi).
STOXX reserves the right to amend the methodology to meet the final PAB requirements once the European Commission outlines the final delegated acts in accordance with the regulations.
|ESG Reporting (Part of Benchmark Statement )||File|
|ESG Regulatory Methodology Statement|
|Dissemination period||09:00 CET-18:00 CET|
|Free Float Mcap||1'051'575.445 MEUR|
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