[ad_1]
Zurich-based Globalance Bank is launching a platform where users can see the ecological footprint of their stocks or indices.
View of the world from Globalance World: The influence of the US stock index S&P 500 on global warming is shown here.
Photo: zvg
Which companies are especially bad for the climate? On the contrary, who is active in areas that are crucial for a sustainable future? What does that mean in terms of the ecological footprint when I invest my money in exchange-traded funds that track Swiss, European or US stock indices?
Investors, big or small, have hardly had answers to questions like these. This knowledge gap is now much smaller. The new Globalance World information platform, which has been operational since Monday, provides information on which stocks and stock indices are doing better or worse in terms of sustainability and future viability. It was created by Zurich-based Globalance Bank, a private bank specializing in sustainable investments.
Tesla hui, Nestlé pfui
The core of the platform is an interactive digital globe: available in www.globalanceworld.com. Reto Ringger, founder and owner of Globalance Bank, spoke of a “world first” media orientation, also and especially when it comes to visual implementation.
Users can browse individual companies there anonymously and free of charge. You will learn, for example, that Nestlé’s business is associated with a global warming potential of 5.5 degrees, well above the minimum global warming target of 2 degrees in the Paris Agreement. In addition, the food company generates only 39 percent of its sales in sustainability-relevant and future-oriented megatrends. These include, for example, resource scarcity, biodiversity and mobility.
Tesla does relatively well in terms of climate and sustainability. The image shows the new Teslas leaving their manufacturing facility in Fremont, California.
Photo: David Paul Morris (Getty Images)
For comparison: Tesla is assigned a warming potential of 2.1 degrees, and the American electric car maker is 100 percent involved in the megatrends. What is possible with individual stocks is also possible with stock indices: the Swiss SPI has a global warming potential of 3.8 degrees, the DAX in Germany is 4.3 degrees and the S&P 500 in the US. . is 3.3 degrees. There are currently around 6000 listed companies and stock indices available.
Especially women and young people are interested
Registered users can also analyze their own equity investments on the platform and compare them to other portfolios and indices. Reto Ringger’s main concern with Globalance World is to “create transparency” regarding the climatic and ecological effects of plants. According to her observations, this need for information is growing especially among women, youth and heirs. Apart from that, the banker hopes to attract new sensitized clients to his house.
According to Ringger, the foundation of the new platform is raw data and analytics from established financial data providers such as MSCI, Morningstar and Factset. Zurich start-up Carbon Delta, which specializes in climate scenarios and was acquired by MSCI in September 2019, also made a significant contribution. The globe was then created using their own method, which the Globalance Bank specialists developed during eighteen months of work. The platform will continually expand to include other asset classes, such as bonds.
