NYSE Develops Asset Class Tied to Sustainability Amid ESG Push
- Company partners with Intrinsic Exchange Group on initiative
- Demand for environmental, social investments is on the rise
Photographer: Emily Irving-Swift/AFP/Getty Images
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The New York Stock Exchange is helping develop a new class of publicly traded assets tied to services that are beneficial to the environment, amid a boom in demand for sustainable investments.
NYSE has partnered with Intrinsic Exchange Group to create Natural Asset Companies, which hold the rights to “ecosystem services” provided by corporations such as biodiversity and clean water, the companies said in a statement. Investors will be able to access these rights by buying shares, helping corporations raise capital that they can then reinvest in environmentally beneficial ways.