Alternative Investments/ESG: HSBC Launches First-Of-Its-Kind Biodiversity Screened ETF

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The ETF aims to provide both wholesale and institutional investors with a tool to build biodiversity considerations into their portfolios.

HSBC Asset Management has launched the HSBC World ESG Biodiversity Screened Equity UCITS ETF (HBDV) on the London Stock Exchange with a total expense ratio (TER) of 0.35%. The ETF is labelled Article 8 under the Sustainable Finance Disclosure Regulation (SFDR). (ETF Stream)

HSBC World ESG Biodiversity Screened Equity UCITS ETF (HBDV)

The new ETF from HSBC tracks the Euronext ESG Biodiversity Screened World USD index, a subset of the Euronext World index, which was jointly developed by HSBC AM, Euronext and Iceberg Data Lab. This index is claimed to be the first of its kind in the world and applies three exclusionary biodiversity filters – one is to be focused on socially responsible investment, another will be a negative ESG screen to remove the worst scoring quarter of constituents, and the third will be an IDL Corporate Biodiversity Footprint ‘uplift’ of approximately 35% versus the parent index.

This will reveal the top 500 companies that perform the best in terms of the Corporate Biodiversity Footprint and Sustainalytics ESG risk score.

Fundspeak

“This ETF is the newest in our suite of sustainable building blocks we have been innovating for investors, to help them create portfolios that address material environmental issues such as biodiversity and climate change,” said Olga de Tapia, global head of ETF and indexing sales at HSBC AM. “We have a huge part to play in the protection and preservation of biodiversity which can be achieved through ‘biodiversity aware’ investment processes and this ETF is hopefully a step in combatting the biodiversity crisis.”

Related Story: HSBC Launches Europe ex UK Sustainable Equity Ucits ETF

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