ICE Launches Suite of Corporate Bond Climate Indices
June 21 2022 - 7:30AM
Business Wire
Designed to Meet requirements for Paris-Aligned
and Climate Transition benchmarks
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.
To learn more about ICE’s Index services, please visit:
https://www.theice.com/index-solutions.
About Intercontinental Exchange
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.
SOURCE: Intercontinental Exchange
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20220621005298/en/
ICE Media Contact: Damon Leavell damon.leavell@ice.com
(212) 323-8587
media@ice.com
ICE Investor Contact: Mary Caroline O’Neal
marycaroline.oneal@ice.com (770) 738-2151
investors@ice.com
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