The carbon footprint is a calculation of the direct and indirect emissions (Scope 1, Scope 2) generated by a product, organization or individual. We use this rigorous assessment of sustainability to give an accurate measure of the environmental impact of Etica investments Funds. Results of the carbon footprint analysis are taken into account in the whole investment process: from the analysis of issuers and securities to dialogue with companies.
The environmental impact of our investments
Since 2015 Etica signed the Montréal Carbon Pledge  and made the public a commitment to measuring and reporting the emissions of its portfolio through a calculation of its carbon footprint, focusing attention on the environmental aspects of sustainable and responsible investments.
In 2021 Etica extended the boundaries of the carbon footprint analysis covering all funds of Sistema Etica and all asset classes. Beyond that, Etica follow metrics recommended by the Task Force on Climate-related Financial Disclosures (TCFD).
 The Montréal Carbon Pledge initiative in now closed (closed by the PRI in 2023)
Carbon footprint 2023
The Task Force on Climate-related Financial Disclosures (TCFD) aligned Report released by the company ISS ESG in relation to the positioning of Etica’s Linea Valori Responsabili Funds, Etica Impatto Clima Fund and the Luxembourg Range.