News Headline
HSBC Launches Indexes That Screen Firms for Biodiversity Risk
Source
Bloomberg
Publication Date
2021-11-24
Investors looking for ESG strategies have been handed a new group of indexes promising to focus on biodiversity by excluding companies that are found to pose a threat to nature. The Euronext ESG Biodiversity Screened Index series is being launched on Tuesday by HSBC Holdings Plc, which developed the product together with Euronext NV and Iceberg Data Lab SAS. The idea is to bring liquidity to a key corner of environmental, social and governance investing seen as vital to protecting the planet.