HSBC Corporate, Investment Banking and Markets (CIBM) launched the HSBC Global Climate Change Benchmark Index.
From this benchmark, HSBC has established four investable climate change indices that can be used to create portfolios for a number of investment needs. The indices are:
HSBC Climate Change Index
HSBC Low Carbon Energy Production Index
HSBC Energy Efficiency and Energy Management Index
HSBC Water, Waste and Pollution Control Index
“The construction and stock selection of the indices is based purely on quantitative criteria such as value generation and liquidity and these factors will be regularly reviewed,” says Joaquim de Lima, global head of Quant Research for Equities.
“Climate change is set to be one of the defining investment opportunities in the years ahead. This index series captures both the imperative of reducing greenhouse gas emissions and the need to adapt to the physical impact of climate change,” says Nick Robins, Head of HSBC’s Climate Change Centre of Excellence.