Scientific Beta

IPE: "One of the steps ERAFP has taken towards meeting its net-zero goals is awarding mandates tracking indices based on the EU Paris-Aligned Benchmark (PAB) and EU Climate Transition Benchmark (CTB). It has, for example, awarded a €300m equity mandate for a fund benchmarked to the Scientific Beta Eurozone Climate Impact Consistent EU PAB Compliant index. The index provider says its suite of Climate Impact Consistent indices “raise the bar for climate action” by not combining financial and climate criteria and instead having “pure climate objectives”."

IPE March 2024

"(...) One of the steps ERAFP has taken towards meeting its net-zero goals is awarding mandates tracking indices based on the EU Paris-Aligned Benchmark (PAB) and EU Climate Transition Benchmark (CTB). It has, for example, awarded a €300m equity mandate for a fund benchmarked to the Scientific Beta Eurozone Climate Impact Consistent EU PAB Compliant index. The index provider says its suite of Climate Impact Consistent indices “raise the bar for climate action” by not combining financial and climate criteria and instead having “pure climate objectives”. The pension fund believes that the PAB and CTB indices help it meet its NZAOA greenhouse gas emissions reduction target for the listed company portfolio insofar as they both provide an annual decarbonisation trajectory of the index’s carbon intensity of 7% and factor in a requirement to reduce the carbon intensity relative to the investment universe, by 50% for the PAB and 30% for the CTB." (...)"