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Terms and Conditions

By selecting ‘Professional Investor’, you affirm that you are a Professional Client, as defined under the Markets in Financial Instruments Directive, or an equivalent in a jurisdiction outside the European Economic Area.

THE CONTENT IS NOT FOR RETAIL USE OR DISTRIBUTION.

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

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.

Exclusion of Liability:

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.

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

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“How should I hedge carbon price exposure?”

The rising price of carbon emissions is a key driver in the global transition to a cleaner future, and creates associated risks for investors.

“How should I hedge carbon price exposure?”

The rising price of carbon emissions is a key driver in the global transition to a cleaner future, and creates associated risks for investors.

* For illustrative purposes of data platform
^[1] Report by the High-Level Commission on Carbon Prices

Outlook for carbon pricing

A rising carbon price will devalue many portfolio.

Global carbon price may rise 25x

Carbon prices need to be in the $50-100 tonne range by 2030 to keep global heating to below 2 degrees Celsius, in line with the Paris agreement.^[1] Less than 4% of global emissions are currently covered by a direct carbon price within the range needed by 2030.

20% of global equity value at risk

The investment community is switching on to climate risks, but carbon price risk specifically is neither well understood nor reflected in equity valuations. Research suggests that global equity markets could fall by as much as 20 per cent if companies around the world were suddenly hit by a $75 per tonne carbon price.

The challenge for today’s investors

Rudimentary tools.
Burgeoning fiduciary responsibility.

Regulators are increasing the pressure

As the carbon price increases, so does the significance of carbon price risk within portfolios. A number of regulators have made it a fiduciary obligation to manage carbon price risk, setting a precedent for other regulators. In 2020, a high profile court settlement involving an Australian superannuation fund demonstrated the consequences of failing to address this increasingly material risk factor.

Simple risk tools are unreliable

Existing tools focused on carbon price risk are rudimentary. They rely on ‘headline’ organisational-level carbon footprint, and an average global carbon price to quantify sensitivity. This ‘top-down’ approach can lead to imprecise and unreliable conclusions about the investor’s level of exposure to carbon pricing.

How SparkChange can help

Granular risk indicators designed by carbon experts.

SparkChange aggregates a large number of fragmented data sets to produce a single source of truth. To achieve this, we make significant and detailed assumptions based on decades of in-house expertise across carbon markets and data science.

By overlaying our carbon market expertise, we provide customers with directional exposure of diversified indices to a rising carbon price, to better inform their hedging strategy.

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