ESG data and analytics provider Impact Cubed has unveiled its ‘SmartESG Global Sustainability Index’ at New York Climate Week. Created in collaboration with Solactive, a leading index provider, the index was developed with input from the pension plan of a major European financial institution. The index aims to align financial objectives with environmental and social responsibility and offer asset owners a “fresh perspective” on their ability to be ambitious in achieving climate objectives. According to Impact Cubed, the index enables asset owners to customise ESG impact and reduce tracking error. The index also places a strong emphasis on governance and social impact, with metrics for gender equality, board independence, and executive pay. Aston Chan, Head of Portfolio Solutions at Impact Cubed, said: “Our Smart ESG Global Sustainability model portfolio encapsulates the future of sustainable investing. By harnessing the power of Smart ESG, investors can achieve superior impact across their customised ESG objectives, without additional risk. This index really shows our portfolio capabilities in action.”
