Solactive BBVA Climate Action PAB Europe Index
Overview
Solactive BBVA Climate Action PAB Europe Index is a Paris-Aligned Benchmark (PAB) to invest in companies at the forefront of the climate transition, 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 environmental risks, and targeting an average temperature well below 2ºC placing it on the most demanding scenario.
EU Minimum requirements
Portfolio decarbonization of 50% at inception, 7% YoY portfolio decarbonization, Energy Activities exclusions as per the EU thresholds, 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
Category
Thematic
Megatrend
Equity
Asset Class
Credit
Region
Europe
Weighting
Overweight of
transitional
opportunities
# Constituents
125
Key Facts
- EU Compliant climate benchmark
- Well below 2ºC – 1.5ºC based on the International Energy Agency (IEA) scenarios and tied to a carbon budget
- Seize transitional opportunities avoiding risks throught the Carbon Risk Rating
- 7% YoY self-decarbonization of the portfolio
- 50% relative decarbonization at inception with respect to the parent index
Disclaimer
DISCLAIMER Solactive
The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade mark for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument.