What Ilmarinen and Phoenix Group can teach us about climate-aligned index investing
We spotlight Phoenix Group and Ilmarinen, two asset owners actively reshaping their index investment strategies to lower portfolio emissions while maintaining diversified exposure.
Index funds and Exchange Traded Funds (ETFs) now represent 44% of long-term assets and 60% of climate funds in Europe. Alongside product innovation in terms of portfolio construction and engagement strategies, index funds have a strategic role in driving emission reductions for investors who have committed to net zero in line with the Paris Agreement.
Our recently published paper on index investing aimed to offer approaches for consideration, to help those developing individual index investing strategies. It was supported by two case studies from Phoenix…




