Publication / 01 Jun 2006

The Future is Low Carbon: the 2006 Carbon Audit of the Henderson Industries of the Future Fund

Trucost analysis of the greenhouse gas emissions associated in Henderson’s fund.

The positive investment strategy adopted by the Industries of the Future fund should bring clear climate change benefits. Building on the carbon audit of its Global Care Income fund undertaken in 2005, Henderson commissioned Trucost to evaluate the scale of these benefits.

Taking fund holdings at the end of 2005, Trucost calculated the direct and indirect emissions in terms of carbon dioxide equivalent (CO2e), making estimates where data was not reported. These results were then normalized using the value of the fund to produce a measure of carbon intensity, which was compared with the fund’s benchmark, the MSCI World Index.

Overall, the Industries of the Future fund is 43% less carbon intensive than the MSCI World Index. Specifically, the fund generated just 393 tonnes of carbon per million pounds of investment compared with the index which generated 693 tonnes. The most carbon exposed stock in the MSCI index had an intensity of 24,292 tCO2e/£mn compared with the most intensive stock in the fund with an intensity of 3,919 tCO2e/£mn.

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The GreenFin Summit follows a successful launch event in 2019. That invitation-only event brought together 100 corporate sustainability leaders, major public-sector pension fund executives and leading financial institutions, with over a trillion dollars of combined assets under management. The discussion broached vital topics in ESG that will be expanded upon at the 2020 Summit. Richard Mattison...

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