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Europe’s “first” environment impact ETF launched

climate change etfsThe first environmental impact ETF in Europe has been launched, according to the firm behind the product.

The Rize Environmental Impact 100 Ucits ETF will invest in the 100 most impactful companies trying to solve problems in climate change and the environment, said Rize ETF, which entered the European ETF market last year.

Currently London-listed, Rize also plans to list the ETF in Germany, Italy and Switzerland.

Companies involved in clean water, renewables and hydrogen, waste and nature-based solutions “holding the promise of a greener future” are among the stocks in the ETF, which charges investors 0.55%.

Rize created the ETF in partnership with Sustainable Market Strategies, a specialist in sustainable investing whose chief sustainability officer Félix A. Boudreault led Canada’s negotiating team in the lead up to the Paris Agreement in 2013 and 2014. 

Further, the ETF is aligned to the six environmental objectives set out in the EU Taxonomy for Sustainable Activities, which is part of the European Sustainable Finance Disclosure Regulation. 

Rahul Bhushan, co-founder of Rize ETF, said the ETF was “purpose-built for taxonomy-aligned portfolios”. 

Stuart Forbes, also co-founder, issued a clarion call to invest sustainably.

“Our planet is under threat like never before. Temperatures are rising, rainfall patterns are shifting and sea ice cover is retreating. Oceans are acidifying, soils are degrading and droughts and floods are now commonplace. Exploitation and degradation of Earth’s remaining natural resources, habitats and biodiversity continues. We need to take collective action now.”

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