2. / Do you think companies striving to be carbon neutral will perform better over time?
Here's the performance of the basket since year-end 2017. While the BI Carbon-Neutral Theme Basket outperformed the MSCI ACWI in 1Q, it has trailed (slightly) over a longer-term basis.
3./ Will all companies eventually need a carbon target to satisfy #ESG investors?
No real surprise here -- our carbon neutral theme basket has grown over time as more and more companies pledge to become carbon neutral. We currently have 179 companies in the group.
4/ The companies in our basket have reduced their carbon intensity faster than peers in the MSCI $ACWI.
(This is good, as it suggests carbon neutral targets aren't just empty promises.)