HSBC has continued its push into nature-based investing with the launch of the first ever major biodiversity benchmark.
The financial services giant set up what it claimed was “the world’s largest dedicated natural capital asset management company” in August, through a joint venture with specialist investor Pollination. Now, it has turned its attention to passive investors with the creation of the “first investable biodiversity screened benchmark indices based on a broad range of equities”.
The products have been developed in collaboration with Iceberg Data Labs, an ESG fintech firm part-owned by AXA Investment Managers, Natixis IM and its affiliate Mirova, Sienna Investment Managers and index provider Solactive. Iceberg has been working with a number of investors in recent years on the creation of data and assessment tools for biodiversity.
The Euronext ESG Biodiversity Screened Index Series takes constituents from mainstream global…