Goldman Sachs launches Paris-aligned ETF

Tracking the Solactive ISS ESG Developed Markets Paris-Aligned Benchmark USD Index

Goldman Sachs Asset Management has launched a Paris-aligned ETF on the London Stock Exchange.

The Goldman Sachs Paris-Aligned Climate World Equity UCITS ETF tracks the Solactive ISS ESG Developed Markets Paris-Aligned Benchmark USD Index, which is comprised of global developed market equities and is constructed to meet the minimum requirements for EU Paris-Aligned benchmarks.

As well as excluding certain sectors and targeting an overall greenhouse gas emissions intensity 50% lower than the parent index, the Paris-aligned benchmark minimum standards require companies within the index to show a 7% year-over-year reduction in carbon emissions intensity.

Peter Thompson, head of Goldman Sachs Asset Management’s European ETF  business, said: “Investors are increasingly focused on obtaining lower carbon intensity exposure to equity markets through simple, low fee and transparent products.”