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Environment & Energy Report

ETF Built Around Paris Climate Accord to Tackle Greenwashing

Jan. 14, 2021, 10:17 AM

A new exchange-traded fund will link to bonds issued by companies meeting emissions targets outlined by the Paris climate agreement.

Tabula Investment Management is listing the ETF on Germany’s Xetra exchange on Thursday, targeting investors disillusioned with the so-called greenwashing -- exaggerated claims of environmental compliance -- that’s dogged the growth of ethical investing.

The fund will track an index of high-grade euro-denominated bonds from firms with greenhouse gas emissions at least 50% lower than average and annual decarbonization rates of at least 7%. It’s launching with 25 million euros ($30.4 million) of assets and Tabula aims to grow it...

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