Saturna Capital and HANetf have joined forces to launch an actively-managed ETF with carbon offsetting.
The new strategy will allocate to 50-60 global companies that are best-in-class on a variety of ESG, financial and valuation metrics and have solid growth prospects.
HANetf will work with carbon offset specialists South Pole to neutralise the carbon emissions of its investments through projects such as Topaiyo Forest Conservation in Papua New Guinea and the Musi River hydro plant in Sumatra, Indonesia.
The fund will positively screen for companies with robust corporate governance and a commitment to reduce their environmental impact. It will also exclude firms involved with alcohol, weapons, gambling or fossil fuel extraction.
Saturna Capital oversees $5bn in assets under management and the Saturna Sustainable Active Global Equity fund is its second ETF in Europe.