Climate change – a rapidly
growing piece of the global
economy 3
Introduction 3
Climate revenues 4
Climate employment 5
Potential size of the listed climate theme 6
HSBC Climate Change Index
Review 8
Introduction 8
The core investment pillars 9
Index methodology – revisited 11
The growing climate opportunity 11
Market cap growth of index 12
Regional and country representation 12
Sector representation 13
Conclusion 13
Climate change performance 14
Climate Change Benchmark 14
Sector & theme performance 15
Climate change valuation 16
Climate PE valuations 16
HSBC Climate Change Index
review 17
HSBC Global Climate Change
Benchmark Index 18
Highlights and changes 18
New benchmark composition 18
HSBC Investable Climate
Change Index 20
Highlights 20
New Investable composition 20
HSBC Climate Change 100
Index 22
Highlights 22
New 100 composition 22
Notes 24
Disclosure appendix 25
Disclaimer 27
We acknowledge the contribution of Freddie Siu to this
report.
We acknowledge the assistance in the classification work of
the index of Malay Maiti, Associate Bangalore.