Alternative Investments/ESG: Nuveen Launches ETF Focused On A Net-Zero Carbon Emissions Global Economy

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The holdings of the ETF will align with the goals of the Paris Climate Agreement.

The Nuveen Global Net Zero Transition ETF (NASDAQ: NTZG), launched on Friday, offers investors exposure to the ongoing transition of the global economy to “net zero” carbon emissions. The actively managed ETF employs a strategy to provide favorable long-term performance and reduce portfolio carbon emissions through stewardship and engagement. (CISION PRNewswire)

Nuveen’s net zero stewardship

Nuveen focuses on the portfolio’s highest carbon emitters to move companies closer to meaningful reductions in their emissions. Key elements of the approach include

· Communicating and regularly meeting with companies to establish expectations regarding climate strategy,

· Recommending enhancements to strategies and monitoring progress against goals,

· Taking other action where necessary, such as voting on climate related shareholder proposals to compel additional progress on carbon reduction 

To this effect, NTZG will invest in the three categories of climate leaders, disruptive technology related to climate change, and carbon intensive companies that are working on a meaningful decline of their emissions.

Fundspeak

“Our research shows that nine out of 10 investors want to see the results of their ESG investing. Accordingly, in this strategy, we’ll practice transparent stewardship, including publishing data demonstrating the reduction of emissions, pointing specifically to the companies that are driving progress and continuing to signal our own accountability,” said Amy O’Brien, Global Head of Responsible Investing, Nuveen.

“Through our engagement process, we will seek to decarbonize the portfolio at a rate faster than that of the market to achieve net zero carbon ahead of the Paris Agreement 2050 deadline. Importantly, the fund serves as an effective voice for investors who are concerned about climate issues and want to drive change through their investments,” said Jordan Farris, Head of ETF product, Nuveen.

The ETF charges a total expense ratio of 0.55%.

Related Story: Putnam To Launch Five Transparent Active ESG-Focused ETFs

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