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ICE Launches Suite of Corporate Bond Climate Indices
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Rhea-AI Sentiment
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Rhea-AI Summary
Intercontinental Exchange (NYSE: ICE) has launched a suite of corporate bond climate indices aimed at achieving net zero carbon emissions by 2050. These indices are part of the ICE ESG Bond Index Family and respond to the UN’s Intergovernmental Panel on Climate Change findings. Utilizing 23 corporate bond benchmarks, ICE's new indices include 138 climate variants targeting reduced carbon emissions, aligning with global sustainability goals.
Positive
Launch of a suite of corporate bond climate indices targeting net zero carbon emissions by 2050.
Integration of existing benchmarks enhances the range and credibility of ICE's sustainable investment offerings.
Addresses increasing demand for sustainable and responsible investing solutions.
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Designed to Meet requirements for Paris-Aligned and Climate Transition benchmarks
ATLANTA & NEW YORK--(BUSINESS WIRE)--
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced the launch of a suite of corporate bond climate indices designed to capture the goal of achieving net zero carbon emissions by 2050. The new indices are part of the ICE ESG Bond Index Family, which supports the growing demand for responsible and sustainable investing.
In response to the UN’s Intergovernmental Panel on Climate Change (IPCC), which determined that limiting global warming to 1.5°-2.0° Celsius is the best chance to avoid the worst consequences of climate change, the European Union (EU) and United Kingdom (UK) agreed to work towards achieving net zero carbon emissions by the year 2050. To achieve that goal, the Paris Agreement was signed by 192 countries plus the European Union to work towards reducing greenhouse gas emissions and limit global warming.
ICE’s corporate climate indices leverage 23 of ICE’s corporate bond benchmarks to create a family of 138 climate indices, many of which are labelled as Paris Aligned benchmarks and Climate Transition benchmarks. For each benchmark index, ICE has created six climate variants using different screening and carbon metrics that all target a reduction in the aggregate carbon emissions of constituents to net zero by 2050.
“The goal of carbon reduction has become a key focus for investors, as they begin to look at not just promises of change, but at actions companies are taking to achieve their emission goals,” said Varun Pawar, Head of ICE Data Indices. “This new suite of indices brings together several of ICE’s strengths - its leadership role in fixed income securities and global environmental markets, experience creating innovative sustainable benchmarks and ability to deliver products that match investors current and future needs.”
ICE’s ESG bond indices leverage the company’s existing benchmark bond indices, such as the ICE BofA Fixed Income Indices, to create a broad range of benchmarks that match the growing demand for responsible and sustainable investing. These include fixed income sustainable benchmarks that account for environmental, social and governance (ESG) factors, as well as ICE’s Global Carbon Futures Indices, which serve as benchmarks for the global price of carbon.
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Other products, services, or company names mentioned herein are the property of, and may be the service mark or trademark of, their respective owners. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.
