impak Analytics has launched five impact indices and ETFs with its partners C5K and BITA.
They are designed to help the financial sector build new products like ETFs and other structured products, and support positive change in five key areas.
These are green energy and technology, sustainable food and biodiversity, clean water and waste, social and economic empowerment, and health and wellbeing.
impak’s methodology uses a double materiality approach, which means companies must report both on how their business is impacted by sustainability issues, and how their activities impact society and the environment.
Only the companies with the greatest impact are selected for each index, according to impak.
Users of these new indices will be able to fully customise their index strategies using, for example, thematic screening, best-in-class, and exclusion, for new product creation, direct indexing, or benchmarking.
Paul Allard, CEO and co-founder of impak Analytics, said: “Thanks to CIRCA5000’s unique impact investment thesis in combination with our methodology, this partnership will enable the first truly sustainable investment products with positive impacts, without having to compromise on generating long-term financial returns.”
