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Solactive BBVA Climate Action CTB Europe

 

Overview

Solactive BBVA Climate Action CTB Europe Index is a Climate Transition Benchmark (CTB) to accompany the transition to a low-carbon economy, based on the EU Climate Benchmarks. Complying with the minimum requirements set by the EU, our strategy goes much further. Our goal is to leverage on transitional opportunities, avoiding risks, and targeting an average temperature well below 2oC placing it on the most demanding scenario.

EU Minimum requirements

Portfolio decarbonization of 30% at inception, 7% YoY portfolio decarbonization, baseline exclusion on international norms

BBVA’s blueprint

Selection and weighting based on companies with a better score on transitional opportunities and environmental risk management (Carbon Risk Rating) as well as higher probability of temperature alignment with Sustainable Development Scenario (Climate Scenario Analysis)

 


Key metrics

 

Family Theme Asset Class Region Weighting # Constituents
Thematic ESG Equity Europe Overweight transitional opportunities 125

 

 

Key facts

 

  • EU Compliant climate benchmark
  • Well below 2ºC – 1.5ºC based on the International Energy Agency (IEA) scenarios and tied to a carbot budget
  • Seize transitional opportunities avoiding risks throught the Carbon Risk Rating
  • 7% YoY self-decarbonization of the portfolio
  • 30% relative decarbonization at inception with respect to the parent index
  • Overweights transitional opportunities
  • 125 constituents

 


 

Documentation