Solactive co-founds NZFSPA (‘Net Zero Financial Service Provider Alliance’), supporting the UN’s Race To Zero
On Wednesday, 22 September 2021, Solactive became a founding member of the Net Zero Financial Service Provider Alliance (NZFSPA) to support the UN’s Race To Zero.
As a founding member of the NZFSPA, Solactive commits to ensuring its service offering will help its clients transition to a net zero economy by 2050. Alongside other financial service providers members of the NZFSPA, Solactive undertakes to keep developing products and services and engaging with clients in helping them transition to net zero across their index and systematic investment offerings as well as allowing them to benchmark their progress towards net zero in their investment strategies. Solactive additionally pledges to address its own operational impacts by setting and disclosing progress towards science-based emissions reduction targets in line with the Paris Agreements goal.
Commenting on the announcement, Steffen Scheuble, CEO at Solactive, noted: “Achieving the Paris climate goals is one of the most challenging and important tasks of our time. We have to act now to limit the severe impact of climate change, which is observable around the globe already. At Solactive, we take our responsibility as a founding member of the NZFSPA seriously and are committed to helping our clients achieve their net zero goals with credible and transparent climate index solutions while at the same time contributing positively to the achievement of Net Zero through our own responsible business practices.”
“The surge in demand for our climate index strategies is proof that Solactive can make an important contribution to the net zero goals. We dedicate ourselves to help our clients integrating their ambitious goals into investable index strategies and accompany them in their transition by providing net zero solutions across all major markets. In doing so, we will adhere to our philosophy of continuing to offer tailor-made index solutions for our clients where the standard net zero solutions do not fit their needs,” added Timo Pfeiffer, CMO at Solactive.