The First Climate Risk Government Bond Index

Paris - Jul 08 2019

The First Climate Risk Government Bond Index

Beyond Ratings is pleased to introduce the new index "FTSE Climate Risk-Adjusted World Government Bond Index" (Climate WGBI) by FTSE Russell which uses sophisticated climate modelling from Beyond Ratings, acquired by London Stock Exchange Group. Climate WGBI is designed to measure the performance of fixed rate, local currency, investment-grade sovereign bonds, incorporating a tilting methodology that adjusts index weights according to each countries’ relative climate risk performance.

The index incorporates a forward-looking assessment of the climate risks sovereigns face and tilts towards government markets that, on a relative basis, demonstrate a greater degree of resilience and preparedness to the risks of climate change. Using climate risk modelling developed by Beyond Ratings, this is the first time that a quantitative measure of climate risk has been applied to sovereign debt. The higher the index-weighted Climate Score, the lower the climate risk exposure. The objective of the index is to reduce climate risk compared to the standard FTSE World Government Bond Index (WGBI) while minimising tracking error. 

Further information is available at FTSE Russell.

Download the Press Release published by FTSE Russell here:


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