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Disclaimer

BY CLICKING ON “I AGREE”, I DECLARE I AM A WHOLESALE CLIENT AS DEFINED IN THE CORPORATIONS ACT 2001.

What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity:

  • who holds an Australian Financial Services License

  • who has or controls at least $10 million (and may include funds held by an associate or under a trust that the person manages)

  • that is a body regulated by APRA other than a trustee of:
    (i) a superannuation fund;
    (ii) an approved deposit fund;
    (iii) a pooled superannuation trust; or
    (iv) a public sector superannuation scheme.
    within the meaning of the Superannuation Industry (Supervision) Act 1993

  • that is a body registered under the Financial Corporations Act 1974.

  • that is a trustee of:
    (i) a superannuation fund; or
    (ii) an approved deposit fund; or
    (iii) a pooled superannuation trust; or
    (iv) a public sector superannuation scheme
    within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least $10 million.

  • that is a listed entity or a related body corporate of a listed entity

  • that is an exempt public authority

  • that is a body corporate, or an unincorporated body, that:
    (i) carries on a business of investment in financial products, interests in land or other investments; and
    (ii) for those purposes, invests funds received (directly or indirectly) following an offer or invitation to the public, within the meaning of section 82 of the Corporations Act 2001, the terms of which provided for the funds subscribed to be invested for those purposes.

  • that is a foreign entity which, if established or incorporated in Australia, would be covered by one of the preceding paragraphs.


I Disagree

Sustainable Investing

Climate transition benchmarks

Climate transition benchmarks are indices of equities or corporate bonds which aim to assist in meeting the decarbonization objectives set by the European Union’s Sustainable Finance Action Plan. They aim to promote sustainable investment in companies that are helping to combat global warming, principally by cutting greenhouse gas emissions.


The EU defines a climate transition benchmark as one “where the underlying assets are selected, weighted or excluded in such a manner that the resulting benchmark portfolio is on a decarbonization trajectory and is also constructed in accordance with the minimum standards laid down in the delegated acts”.

Index providers who wish to offer one must meet the standards of the EU Benchmarks Regulation, which was updated in 2020 to provide a framework for climate-specific indices against which the performance of investment strategies could be judged. This led to the creation of the EU Climate Transition Benchmark and the EU Paris-Aligned Benchmark. These pursue similar objectives but vary in their level of ambition.


Creating returns that benefit the world we live in

  • A Climate Transition Benchmark incorporates specific objectives related to emission reductions and the transition to a low-carbon economy (based on the scientific evidence of the Intergovernmental Panel on Climate Change) through the selection and weighting of underlying constituents. At least a 30% reduction in carbon versus the investable universe is required, followed by a 7% year-on-year decarbonization trajectory.

  • A Paris-Aligned Benchmark is specifically aligned to the Paris Agreement goals that seeks to limit the rise in global temperatures to well below 2°C above pre-industrial levels, and to pursue efforts to keep the rise to 1.5°C. This includes a more ambitious 50% reduction in carbon versus the investable universe, followed by 7% decarbonization annually. Constituents should therefore be on track to be able to do this through their decarbonization efforts.


As there was no global benchmark for climate bonds, Robeco created a Paris Aligned Benchmark in conjunction with Solactive, a German provider of financial indices. These are the indices against which the performance of the Robeco Climate Global Fixed Income strategy is measured, rather than the usual benchmarks used for credit strategies, such as the Bloomberg Barclays Global Aggregate (corporate) Index.

See also:

Paris-aligned benchmarks
Paris Agreement
Greenhouse gas emissions | GHG emissions
Global warming
Climate change
Climate clocks


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Robeco

Robeco aims to enable its clients to achieve their financial and sustainability goals by providing superior investment returns and solutions.

Important information: This website is prepared and issued in Australia by Robeco Hong Kong Limited (ARBN 156 512 659) (‘Robeco’) which is exempt from the requirement to hold an Australian financial services licence under the Corporations Act 2001 (Cth) pursuant to ASIC Class Order 03/1103. Robeco is regulated by the Securities and Futures Commission under the laws of Hong Kong and those laws may differ from Australian laws. The information on this web page is provided to you because Robeco reasonably believes that you are a "wholesale client" within the meaning of that term under section 761G(4) of the Corporations Act 2001 (Cth) ("Corporations Act") and not any other class of persons. This information is not an advertisement and is not intended to induce retail clients to acquire Robeco products. Retail clients who are interested in Robeco products should contact their financial adviser.