Alternative Investments/ESG: MKS PAMP Launches ETF Backed By Carbon-Neutral Gold Bars

UBS is the sourcing partner of the new ‘Carbon Compensated Gold Exchange Traded Fund’ (ETF) from MKS PAMP.

Swiss gold trading house MKS PAMP has partnered with UBS to launch the world’s first carbon-neutral gold ETF, which is backed by carbon-neutral gold bars sourced from MKS PAMP and certified by the Carbon Trust. The initiative will allow climate risk-oriented clients to invest in certified gold that meets strict environmental criteria and reduce the carbon footprint of their portfolios.

The carbon emissions of the gold bars will be measured and neutralized, and a robust carbon management plan will be implemented to ensure a continuous reduction in emissions. MKS PAMP has achieved certification of its gold portfolio through the Carbon Trust, and outstanding emissions are compensated by carbon offset contracts.

MKS PAMP purchased carbon offsets from an endorsed standard and supplied by ClearSky to neutralize the outstanding emissions of the UBS ETF gold bars.

This will support afforestation in Vichada, Colombia, and create employment opportunities in the region.

Related Story: AuAg Funds Launches ESG-Screened Gold Mining ETF

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…