This site is directed at UK Institutional/Professional Investors only. It is provided for information purposes only and should not be construed as investment advice nor a recommendation to buy/sell any products nor as an offer or solicitation to engage in any investment activity.

Setting a new
standard in carbon investing.

SparkChange is a provider of specialist carbon investment products and data, serving global institutions and their clients.

All-in-One solution

Designed to accelerate global decarbonisation.

SparkChange’s products provide investors with exposure to physical carbon allowances without the complex and costly infrastructure needed to access each market and take delivery of the carbon allowances.

Our data and analytics platform enables investors to design and implement custom strategies that help deliver their decarbonisation goals.

Our combined solution makes it easy to invest in carbon markets – more investors with access can create a bigger environmental impact.

*For illustrative purposes of data platform

Carbon allowances: The basics

Incentivising CO2
reduction.

To cap pollution in Europe, the EU Commission forces industrial firms to obtain “permits to pollute”, called carbon allowances or EUAs.

1 carbon allowance ⇒ 1 tonne of CO2

Under a Cap-and-Trade system, industrial firms that emit CO2 must obtain Carbon Emission Allowances from regulators – each allowance permits them to emit 1 tonne of CO2

Supply of allowances is reduced annually

Legislation automatically reduces the supply of allowances each year, decreasing emissions over time and increasing scarcity value of allowances

Incentivises polluters to reduce emissions

An increase in the price of allowances forces firms to switch to greener solutions and reduce their greenhouse gas emissions

1 Data from ICIS as of 31st July 2021
2 Analysts’ high-low forecasts compiled by Carbon Pulse
3 EU Commission

Why carbon is of
interest today.

Tightening emissions regulation may provide a positive catalyst for the performance of the carbon market. As of July 2021, the price of European carbon allowances was €55 per tonne of CO2.1 Recent ‘Fit for 55’ legislation has brought the annual decline of supply in line with more ambitious 2030 emission reduction goals, reducing supply even further. Analysts forecast €86 by 20302; the EU Commission forecasts €85 by 2030.3

*Past performance and forecasts are not a reliable indicator of future results

*Past performance and forecasts are not a reliable indicator of future results

1 Data from ICIS as of 31st July 2021
2 Analysts’ high-low forecasts compiled by Carbon Pulse
3 EU Commission

Ticker: CO2.L

SparkChange Physical Carbon EUA ETC.

The world's first company to launch a physically-backed carbon Exchange-Traded Commodity (ETC).

Use cases

How SparkChange can aid investment strategies.

As a standalone investment

Capture investment
returns

Since the supply of carbon allowances is diminishing, their scarcity value is increasing, creating potential for an attractive returns profile.

Improve impact

EUAs are an asset that produce a positive environmental impact and can be re-sold; Unlike offsets, which have no resale value once used and (mostly) do not reduce emissions.

Blended as part of a portfolio

Hedge risk

Given most portfolios are short the carbon price already, investors can neutralise their exposure to a rising carbon price.

Qualify for ESG
standards

Combine with equity or fixed income structures to qualify for ESG standards such as the EU Climate Transition Benchmark or Paris-Aligned Benchmark.

Investments are subject to various risks and may go down as well as up and an investor may not get back the amount originally invested. To find out more about the risks please view the Products page.

Advanced Decarbonisation Analytics

Create your carbon
management strategy.

Upload a portfolio to analyse how its carbon footprint develops over time by scope, sector and region.

Set your desired climate goal from a range of ESG benchmarks including IPCC 1.5°/2° pathways, TCFDs Paris Aligned Benchmark rules or balance your entire footprint.

Review and apply bespoke carbon alignment strategies required to achieve your net zero goal.

Learning centre

Frequently Asked Questions.

Want to know more about the carbon markets or what we do? Check out our most frequently asked questions.

If you still can’t find what you’re looking for just get in contact with us at info@sparkchange.io.

Want to know more about the carbon markets or what we do? Check out our most frequently asked questions. If you still can’t find what you’re looking for just get in contact with us at info@sparkchange.io.

Both carbon allowances and offsets have merits and important roles to play to make the world a better place. However, offset schemes are voluntary and uncapped, and therefore do not necessarily create a reduction in emissions. As a result, they are not a suitable tool for Paris-aligned strategies as they do not limit the total amount of pollution that can take place. This was recognised by the Institutional Investors Group on Climate Change (IIGCC) Net Zero Framework that excluded offsets from their taxonomy, but included carbon allowances. In addition, Allowance markets are fully regulated and allowances themselves are fungible, whereas offset schemes vary widely in quality and impact.

Yes. Under EU law, withholding EUAs triggers additional allowances being cancelled in the future. When an investor sells their EUAs this effect stops, but is not reversed, and the investor’s temporary ownership of EUAs creates permanent emissions reductions.

Carbon allowances issued in the EU ETS create lasting emission reductions. Therefore, holding such allowances can be used to compensate financed emissions from other holdings in the portfolio.

One more thing...

Easily neutralise your company’s carbon footprint.

Don’t just offset your company’s carbon footprint, neutralise it. Most offsets do not prevent pollution, they compensate for it. Isn’t it time to do more? If you really want to make a difference and take responsibility for your company’s carbon footprint, you have to go one step further and reduce CO2 emissions somewhere.

Insights & News

SparkChange launches world-first physical carbon ETC

First ever Exchange-Traded Commodity physically-backed with carbon allowances launches today “SparkChange CO2” prevents carbon…

Continue

COP26 Preview: More countries and private markets must step up and enable action

The long-delayed 2021 United Nations Climate Change Conference, also known as COP26, begins in just…

Continue

The Batman and Robin of Decarbonisation: Carbon Allowances and Carbon Offsets

Our Head of Research, Jan Ahrens, explains the differences between carbon offsets and carbon…

Continue

European Carbon Allowances: Summary of Market Characteristics and ICIS Price Forecasts

Understand the latest market characteristics and EUA price developments: A liquid alternative asset class…

Continue

Leaked information on the “Fit for 55” reform: What does it mean for European carbon allowances?

Executive Summary Later this week the European Commission will issue its formal proposal to…

Continue

The Rise of Impact investing: SparkChange’s role in boosting climate ambition

A summary of the mechanisms that can help drive scarcity value within the EU…

Continue

European Carbon Allowances at Record Levels: time to drive more abatement

The cost of emitting carbon dioxide in Europe is at near-record levels after a…

Continue

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Terms and Conditions

By selecting ‘Institutional Investor’, you affirm (i) that you are located or resident in a member state of the European Economic Area (“EEA”) and are a “qualified investor” within the meaning of Article 2(e) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended, on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC. Further, if you are acting as a fiduciary or agent for one or more investor accounts, (a) each such account is a qualified investor, (b) you have investment discretion with respect to each account, and (c) you have full power and authority to make the representations, warranties, agreements and acknowledgements herein on behalf of each such account; or (ii) that you are located or resident in Switzerland and are a “professional client” within the meaning of Article 36 Paragraph 1 Letter a of the Swiss Financial Services Act (Finanzdienstleistungsgesetz).

Viewing the materials you seek to access may not be lawful in certain jurisdictions. In other jurisdictions, only certain categories of person may be allowed to view such materials. Any person who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so.

If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

THE CONTENT IS NOT FOR RETAIL USE OR DISTRIBUTION AND NOT ADDRESSED TO ANY NATURAL OR LEGAL PERSONS OTHER THAN QUALIFIED INVESTORS.

This website and its content has been provided and is maintained by Spark Change Group Limited.

Spark Change Group Limited (FRN 944451) is an Appointed Representative of Kroll Securities Limited (FRN 466588) which is authorised and regulated by the Financial Conduct Authority.

This website is provided for the users’ general information only and does not constitute investment advice, the offer to sell, or the solicitation of an offer to buy any investments.

This website contains no advice on the merits of any product or investment, nor does any of the website’s content constitutes investment, legal, tax or any other advice. Nothing on this website is to be relied on when making an investment decision. If you are a prospective investor, you should seek independent investment advice and inform yourself as to applicable legal requirements, exchange control regulations, and taxes in your jurisdiction.

This website complies with the regulatory requirements of the United Kingdom. There may be laws in your country of nationality or residence, or in the country from which you access this website, which restrict the extent to which the website and/or its content may be made available to you.

United States Persons: The information provided on this site is not directed to any United States person or any person in the United States, any state thereof, or any of its territories or possessions.

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each user that accesses this site, in so doing, acknowledges that: (1) they are not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities. None of the funds on this website are registered under the United States Investment Advisers Act of 1940, as amended (the “Advisers Act”).

Exclusion of Liability: Occasionally, documents made available on this website (including any prospectus) may have been prepared and issued by persons other than Spark Change Group Limited and responsibility for the content of any such document lies with the issuer, and in no circumstances SparkChange. Except in the case of documents prepared and issued by persons other than SparkChange, the information on this website has been given in good faith and every effort has been made to ensure its accuracy. Nevertheless, Spark Change Group Limited will not be responsible for loss occasioned as a result of reliance placed on any part of the website and/or its content, and makes no warranty as to the accuracy of it. The terms and conditions applicable to investors will be set out in the relevant prospectus, available on the website and should be read prior to making any investment.

Risk Warnings

SparkChange reminds all investors that:

  • Your capital is at risk.
  • Applications to invest in securities referred to on this website must only be made on the basis of the relevant prospectus.
  • The investment performance and value of any security or fund referred to on this website may go up or down, and is not guaranteed.
  • Past performance is not an indication of future performance.
  • Rates of exchange may affect the value of investments.

Investors should carefully check the “Risk Factors” section of any and all prospectuses for further details of these (and other risks) associated with an investment in the securities offered by the Issuers before investing.

Intellectual Property

All content on www.sparkchange.io is the intellectual property of Spark Change Group Inc. (DBA “SparkChange”) and is subject to copyright with all rights reserved. The information contained on this website may not be copied, shared, sold, licensed, posted, reproduced or changed without written permission of Spark Change Group Inc.

SparkChange™, The New Standard in Carbon Investing™ and the SparkChange logo are trademarks of Spark Change Group Inc.

Unless otherwise specified, this website and its content are owned by Spark Change Group Inc., and may contain information, text, graphics, video, software, logos, and other materials (“Content”) that are protected by copyright, trademarks, or other proprietary rights. No permission is granted to upload, copy, modify, post, frame, amend or distribute content in any way without obtaining the prior written permission of Spark Change Group Inc. All intellectual property rights in any part of the world which subsist in the contents of this website and which belong to Spark Change Group Inc. save as expressly granted, hereby reserved any third party licensor trademarks referenced herein are trademarks of such third party licensor and have been licensed for use by Spark Change Group Inc. We do not control and are not responsible for the content of third-party websites.

Linked Websites

Spark Change Group Inc. may provide links to external websites (“Linked Websites”) on www.sparkchange.io or in newsletters, publications, content or email communications. Content on Linked Websites is not controlled by Spark Change Group Inc. and users access external Linked Websites at their own risk. A link to a Linked Website does not mean Spark Change Group Inc. believes, endorses or supports any opinions or information contained on that website.

Terms and Conditions

By selecting ‘Professional Investor’, you affirm (i) that you are located or resident in a member state of the European Economic Area (“EEA”) and are a “qualified investor” within the meaning of Article 2(e) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended, on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC. Further, if you are acting as a fiduciary or agent for one or more investor accounts, (a) each such account is a qualified investor, (b) you have investment discretion with respect to each account, and (c) you have full power and authority to make the representations, warranties, agreements and acknowledgements herein on behalf of each such account; or (ii) that you are located or resident in Switzerland and are a “professional client” within the meaning of Article 36 Paragraph 1 Letter a of the Swiss Financial Services Act (Finanzdienstleistungsgesetz).

Viewing the materials you seek to access may not be lawful in certain jurisdictions. In other jurisdictions, only certain categories of person may be allowed to view such materials. Any person who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so.

If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

THE CONTENT IS NOT FOR RETAIL USE OR DISTRIBUTION AND NOT ADDRESSED TO ANY NATURAL OR LEGAL PERSONS OTHER THAN QUALIFIED INVESTORS.

This website and its content has been provided and is maintained by Spark Change Group Limited.

Spark Change Group Limited (FRN 944451) is an Appointed Representative of Kroll Securities Limited (FRN 466588) which is authorised and regulated by the Financial Conduct Authority.

This website is provided for the users’ general information only and does not constitute investment advice, the offer to sell, or the solicitation of an offer to buy any investments.

This website contains no advice on the merits of any product or investment, nor does any of the website’s content constitutes investment, legal, tax or any other advice. Nothing on this website is to be relied on when making an investment decision. If you are a prospective investor, you should seek independent investment advice and inform yourself as to applicable legal requirements, exchange control regulations, and taxes in your jurisdiction.

This website complies with the regulatory requirements of the United Kingdom. There may be laws in your country of nationality or residence, or in the country from which you access this website, which restrict the extent to which the website and/or its content may be made available to you.

United States Persons: The information provided on this site is not directed to any United States person or any person in the United States, any state thereof, or any of its territories or possessions.

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each user that accesses this site, in so doing, acknowledges that: (1) they are not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities. None of the funds on this website are registered under the United States Investment Advisers Act of 1940, as amended (the “Advisers Act”).

Exclusion of Liability: Occasionally, documents made available on this website (including any prospectus) may have been prepared and issued by persons other than Spark Change Group Limited and responsibility for the content of any such document lies with the issuer, and in no circumstances SparkChange. Except in the case of documents prepared and issued by persons other than SparkChange, the information on this website has been given in good faith and every effort has been made to ensure its accuracy. Nevertheless, Spark Change Group Limited will not be responsible for loss occasioned as a result of reliance placed on any part of the website and/or its content, and makes no warranty as to the accuracy of it. The terms and conditions applicable to investors will be set out in the relevant prospectus, available on the website and should be read prior to making any investment.

Risk Warnings

SparkChange reminds all investors that:

  • Your capital is at risk.
  • Applications to invest in securities referred to on this website must only be made on the basis of the relevant prospectus.
  • The investment performance and value of any security or fund referred to on this website may go up or down, and is not guaranteed.
  • Past performance is not an indication of future performance.
  • Rates of exchange may affect the value of investments.

Investors should carefully check the “Risk Factors” section of any and all prospectuses for further details of these (and other risks) associated with an investment in the securities offered by the Issuers before investing.

Intellectual Property

All content on www.sparkchange.io is the intellectual property of Spark Change Group Inc. (DBA “SparkChange”) and is subject to copyright with all rights reserved. The information contained on this website may not be copied, shared, sold, licensed, posted, reproduced or changed without written permission of Spark Change Group Inc.

SparkChange™, The New Standard in Carbon Investing™ and the SparkChange logo are trademarks of Spark Change Group Inc.

Unless otherwise specified, this website and its content are owned by Spark Change Group Inc., and may contain information, text, graphics, video, software, logos, and other materials (“Content”) that are protected by copyright, trademarks, or other proprietary rights. No permission is granted to upload, copy, modify, post, frame, amend or distribute content in any way without obtaining the prior written permission of Spark Change Group Inc. All intellectual property rights in any part of the world which subsist in the contents of this website and which belong to Spark Change Group Inc. save as expressly granted, hereby reserved any third party licensor trademarks referenced herein are trademarks of such third party licensor and have been licensed for use by Spark Change Group Inc. We do not control and are not responsible for the content of third-party websites.

Linked Websites

Spark Change Group Inc. may provide links to external websites (“Linked Websites”) on www.sparkchange.io or in newsletters, publications, content or email communications. Content on Linked Websites is not controlled by Spark Change Group Inc. and users access external Linked Websites at their own risk. A link to a Linked Website does not mean Spark Change Group Inc. believes, endorses or supports any opinions or information contained on that website.

Terms and Conditions

By selecting ‘Institutional Investor’, you affirm (i) that you are located or resident in a member state of the European Economic Area (“EEA”) and are a “qualified investor” within the meaning of Article 2(e) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended, on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC. Further, if you are acting as a fiduciary or agent for one or more investor accounts, (a) each such account is a qualified investor, (b) you have investment discretion with respect to each account, and (c) you have full power and authority to make the representations, warranties, agreements and acknowledgements herein on behalf of each such account; or (ii) that you are located or resident in Switzerland and are a “professional client” within the meaning of Article 36 Paragraph 1 Letter a of the Swiss Financial Services Act (Finanzdienstleistungsgesetz).

Viewing the materials you seek to access may not be lawful in certain jurisdictions. In other jurisdictions, only certain categories of person may be allowed to view such materials. Any person who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so.

If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

THE CONTENT IS NOT FOR RETAIL USE OR DISTRIBUTION AND NOT ADDRESSED TO ANY NATURAL OR LEGAL PERSONS OTHER THAN QUALIFIED INVESTORS.

This website and its content has been provided and is maintained by Spark Change Group Limited.

Spark Change Group Limited (FRN 944451) is an Appointed Representative of Kroll Securities Limited (FRN 466588) which is authorised and regulated by the Financial Conduct Authority.

This website is provided for the users’ general information only and does not constitute investment advice, the offer to sell, or the solicitation of an offer to buy any investments.

This website contains no advice on the merits of any product or investment, nor does any of the website’s content constitutes investment, legal, tax or any other advice. Nothing on this website is to be relied on when making an investment decision. If you are a prospective investor, you should seek independent investment advice and inform yourself as to applicable legal requirements, exchange control regulations, and taxes in your jurisdiction.

This website complies with the regulatory requirements of the United Kingdom. There may be laws in your country of nationality or residence, or in the country from which you access this website, which restrict the extent to which the website and/or its content may be made available to you.

United States Persons: The information provided on this site is not directed to any United States person or any person in the United States, any state thereof, or any of its territories or possessions.

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each user that accesses this site, in so doing, acknowledges that: (1) they are not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities. None of the funds on this website are registered under the United States Investment Advisers Act of 1940, as amended (the “Advisers Act”).

Exclusion of Liability: Occasionally, documents made available on this website (including any prospectus) may have been prepared and issued by persons other than Spark Change Group Limited and responsibility for the content of any such document lies with the issuer, and in no circumstances SparkChange. Except in the case of documents prepared and issued by persons other than SparkChange, the information on this website has been given in good faith and every effort has been made to ensure its accuracy. Nevertheless, Spark Change Group Limited will not be responsible for loss occasioned as a result of reliance placed on any part of the website and/or its content, and makes no warranty as to the accuracy of it. The terms and conditions applicable to investors will be set out in the relevant prospectus, available on the website and should be read prior to making any investment.

Risk Warnings

SparkChange reminds all investors that:

  • Your capital is at risk.
  • Applications to invest in securities referred to on this website must only be made on the basis of the relevant prospectus.
  • The investment performance and value of any security or fund referred to on this website may go up or down, and is not guaranteed.
  • Past performance is not an indication of future performance.
  • Rates of exchange may affect the value of investments.

Investors should carefully check the “Risk Factors” section of any and all prospectuses for further details of these (and other risks) associated with an investment in the securities offered by the Issuers before investing.

Intellectual Property

All content on www.sparkchange.io is the intellectual property of Spark Change Group Inc. (DBA “SparkChange”) and is subject to copyright with all rights reserved. The information contained on this website may not be copied, shared, sold, licensed, posted, reproduced or changed without written permission of Spark Change Group Inc.

SparkChange™, The New Standard in Carbon Investing™ and the SparkChange logo are trademarks of Spark Change Group Inc.

Unless otherwise specified, this website and its content are owned by Spark Change Group Inc., and may contain information, text, graphics, video, software, logos, and other materials (“Content”) that are protected by copyright, trademarks, or other proprietary rights. No permission is granted to upload, copy, modify, post, frame, amend or distribute content in any way without obtaining the prior written permission of Spark Change Group Inc. All intellectual property rights in any part of the world which subsist in the contents of this website and which belong to Spark Change Group Inc. save as expressly granted, hereby reserved any third party licensor trademarks referenced herein are trademarks of such third party licensor and have been licensed for use by Spark Change Group Inc. We do not control and are not responsible for the content of third-party websites.

Linked Websites

Spark Change Group Inc. may provide links to external websites (“Linked Websites”) on www.sparkchange.io or in newsletters, publications, content or email communications. Content on Linked Websites is not controlled by Spark Change Group Inc. and users access external Linked Websites at their own risk. A link to a Linked Website does not mean Spark Change Group Inc. believes, endorses or supports any opinions or information contained on that website.

Terms and Conditions

By selecting ‘Professional Investor’, you affirm (i) that you are located or resident in a member state of the European Economic Area (“EEA”) and are a “qualified investor” within the meaning of Article 2(e) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended, on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC. Further, if you are acting as a fiduciary or agent for one or more investor accounts, (a) each such account is a qualified investor, (b) you have investment discretion with respect to each account, and (c) you have full power and authority to make the representations, warranties, agreements and acknowledgements herein on behalf of each such account; or (ii) that you are located or resident in Switzerland and are a “professional client” within the meaning of Article 36 Paragraph 1 Letter a of the Swiss Financial Services Act (Finanzdienstleistungsgesetz).

Viewing the materials you seek to access may not be lawful in certain jurisdictions. In other jurisdictions, only certain categories of person may be allowed to view such materials. Any person who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so.

If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

THE CONTENT IS NOT FOR RETAIL USE OR DISTRIBUTION AND NOT ADDRESSED TO ANY NATURAL OR LEGAL PERSONS OTHER THAN QUALIFIED INVESTORS.

This website and its content has been provided and is maintained by Spark Change Group Limited.

Spark Change Group Limited (FRN 944451) is an Appointed Representative of Kroll Securities Limited (FRN 466588) which is authorised and regulated by the Financial Conduct Authority.

This website is provided for the users’ general information only and does not constitute investment advice, the offer to sell, or the solicitation of an offer to buy any investments.

This website contains no advice on the merits of any product or investment, nor does any of the website’s content constitutes investment, legal, tax or any other advice. Nothing on this website is to be relied on when making an investment decision. If you are a prospective investor, you should seek independent investment advice and inform yourself as to applicable legal requirements, exchange control regulations, and taxes in your jurisdiction.

This website complies with the regulatory requirements of the United Kingdom. There may be laws in your country of nationality or residence, or in the country from which you access this website, which restrict the extent to which the website and/or its content may be made available to you.

United States Persons: The information provided on this site is not directed to any United States person or any person in the United States, any state thereof, or any of its territories or possessions.

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each user that accesses this site, in so doing, acknowledges that: (1) they are not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities. None of the funds on this website are registered under the United States Investment Advisers Act of 1940, as amended (the “Advisers Act”).

Exclusion of Liability: Occasionally, documents made available on this website (including any prospectus) may have been prepared and issued by persons other than Spark Change Group Limited and responsibility for the content of any such document lies with the issuer, and in no circumstances SparkChange. Except in the case of documents prepared and issued by persons other than SparkChange, the information on this website has been given in good faith and every effort has been made to ensure its accuracy. Nevertheless, Spark Change Group Limited will not be responsible for loss occasioned as a result of reliance placed on any part of the website and/or its content, and makes no warranty as to the accuracy of it. The terms and conditions applicable to investors will be set out in the relevant prospectus, available on the website and should be read prior to making any investment.

Risk Warnings

SparkChange reminds all investors that:

  • Your capital is at risk.
  • Applications to invest in securities referred to on this website must only be made on the basis of the relevant prospectus.
  • The investment performance and value of any security or fund referred to on this website may go up or down, and is not guaranteed.
  • Past performance is not an indication of future performance.
  • Rates of exchange may affect the value of investments.

Investors should carefully check the “Risk Factors” section of any and all prospectuses for further details of these (and other risks) associated with an investment in the securities offered by the Issuers before investing.

Intellectual Property

All content on www.sparkchange.io is the intellectual property of Spark Change Group Inc. (DBA “SparkChange”) and is subject to copyright with all rights reserved. The information contained on this website may not be copied, shared, sold, licensed, posted, reproduced or changed without written permission of Spark Change Group Inc.

SparkChange™, The New Standard in Carbon Investing™ and the SparkChange logo are trademarks of Spark Change Group Inc.

Unless otherwise specified, this website and its content are owned by Spark Change Group Inc., and may contain information, text, graphics, video, software, logos, and other materials (“Content”) that are protected by copyright, trademarks, or other proprietary rights. No permission is granted to upload, copy, modify, post, frame, amend or distribute content in any way without obtaining the prior written permission of Spark Change Group Inc. All intellectual property rights in any part of the world which subsist in the contents of this website and which belong to Spark Change Group Inc. save as expressly granted, hereby reserved any third party licensor trademarks referenced herein are trademarks of such third party licensor and have been licensed for use by Spark Change Group Inc. We do not control and are not responsible for the content of third-party websites.

Linked Websites

Spark Change Group Inc. may provide links to external websites (“Linked Websites”) on www.sparkchange.io or in newsletters, publications, content or email communications. Content on Linked Websites is not controlled by Spark Change Group Inc. and users access external Linked Websites at their own risk. A link to a Linked Website does not mean Spark Change Group Inc. believes, endorses or supports any opinions or information contained on that website.