Global exchange and clearing house operator Intercontinental Exchange (ICE) announced today an agreement between its market data solution ICE Data Services and Taiwan-based asset management company CTBC Investments to collaborate on the development of ESG indices and financial products for market participants.
ICE announced the launch of two new ESG bond indices, the ICE 15+ Year Large Cap USD Emerging Markets External Sovereign Carbon Reduction Index and the ICE 15+ Year Ultra Large Cap Developed Markets US Corporate Best-in-Class ESG Index. According to ICE and CBTC, the asset manager will launch ETF products tracking the new ESG indices, which have been recognized through CTBC Investments’ efforts by the Taipei Exchange, as their underlying benchmarks.
Magnus Cattan, Head of ICE Data Services, Asia Pacific, said:
“CTBC Investments is a strong advocate for ETF investing and has become a major player in the Taiwan ETF market. CTBC Investments’ commitment to echoing its sustainable management policy throughout its investing resources and expertise is central to this agreement.”
Eric Chang, President of CTBC Investments, said:
“We believe that our work with ICE Data Services allows us to further our commitment to our customers by providing them with a comprehensive suite of ESG products and solutions. Their impressive experience is an incredible asset, as we begin to build out our ESG offerings. These products will help broaden people’s awareness for ESG investing and pave the way for us to join the Principles of Responsible Investment.”