Impact Shares partners with Climate Vault to neutralize the carbon footprint of ETF Global Equity Goals (NYSE: SDGA)

DALLAS–(BUSINESS WIRE)–Impact Stocks, Corp.the first 501(c)3 non-profit ETF sponsor in the United States, today announces its partnership with Climatic vaultan award-winning non-profit organization that created the first integrated, verifiable carbon reduction and removal solution to neutralize carbon emissions from portfolio holdings of the Impact Shares Sustainable Development Goals Global Equity ETF (NYSE: SDGA).

Through this partnership, Climate Vault has reduced 370 metric tons of carbon emissions, which Impact Shares, Corp. says is approximately equivalent to that generated by SDGA’s portfolio holdings. Climate Vault accomplished this by buying allowances from government-regulated compliance markets and “vaulting” them – storing them in Climate Vault accounts in those compliance markets – to prevent polluters from using them.

Climate Vault will use the monetary value of these vaulted allocations to purchase advanced carbon dioxide removal (CDR) technology that will eliminate historic carbon emissions, a critical step in slowing and reversing climate change. By partnering with Climate Vault to reduce SDGA’s carbon footprint, Impact Shares will automatically have access to the most cutting-edge CDR technology, which has been independently audited and approved by Climate Vault’s technology chamber. The Chamber of Technology is made up of world-renowned experts and chaired by former Energy Secretary Ernest Moniz.

“In the current political and regulatory environment, the private sector has a huge responsibility to lead the fight against climate change,” notes Ethan Powell, CEO and Founder of Impact Shares. “Impact Shares is committed to creating innovative financial vehicles to help solve our world’s most pressing social and environmental issues. We are honored to partner with Climate Vault as we play our part in transitioning to a more sustainable global economy.

As a pioneer in impact investing, Impact Shares is the first non-profit ETF sponsor to partner with Climate Vault to decarbonize an ETF. Backed by the Rockefeller Foundation, Impact Shares helps organizations such as the NAACP, YWCA and the United Nations Capital Development Fund (UNCDF) translate their values ​​into an investable product traded on the New York Stock Exchange. SDGA tracks the Morningstar® Societal Development Index, which is designed to measure the performance of large and mid-cap companies globally that (i) demonstrate a commitment to the United Nations Sustainable Development Goals, (ii) adhere to the principles of the United Nations Global Compact, (iii) display a commitment to reducing poverty and supporting economic development globally and (iv) have exposure to countries with low levels of socio-economic development.

Appointed to fast business “World Changing Ideas 2022 List”, Climate Vault has, since its launch in 2021, reduced ¾ of a million tonnes of carbon, equivalent to stopping 72,000 passenger cars from circulating around the Earth.

Through this innovative partnership, Impact Shares and Climate Vault are working to modernize and disrupt the conventional exclusionary approach to ESG, which, while well-intentioned, has minimal quantifiable impact on tackling carbon emissions. carbon. As a forward-looking, data-driven antidote, Impact Shares and Climate Vault strive to measurably reduce and remove carbon from an ETF.

“Demand for ESG financial products is exploding, but often their impact on global CO2 emissions is unclear,” said Michael Greenstone, co-founder of Climate Vault and Milton Friedman Distinguished Service Professor of Economics at the University of Chicago, and former Chief Economist for President Obama’s Council of Economic Advisers. “We are delighted to partner with Impact Shares in order to make their Sustainable Development Goals Global Equity ETFs carbon neutral – benefiting both investors and, more importantly, the planet. It’s about moving the environment and business forward together and creating a better, healthier future for our children and their children.

About Impact Shares

Impact Shares is a non-profit fund sponsor and investment manager creating an innovative new platform for clients seeking maximum social impact with market returns. Impact Shares’ goal is to build a capital markets bridge between leading nonprofits, investors, and corporate America to direct capital and social engagement on societal priorities. Impact Shares is a tax-exempt nonprofit organization under Section 501(c)(3) of the Internal Revenue Code. For more information on Impact Shares, visit impactetfs.org.

About Climate Vault

Climate Vault is a Carbon Disclosure Project (CDP) 501(c)(3)-accredited climate solutions startup founded at the University of Chicago by former White House senior economic adviser Michael Greenstone and prominent business leaders. Climate Vault offers the world’s first integrated and verifiable carbon reduction and removal solution, giving organizations and individuals a fast, easy and credible way to achieve carbon neutrality. Our market-based solution focuses on immediately reducing carbon footprints by purchasing allowances on highly regulated carbon markets and converting those allowances into funding for advanced carbon dioxide removal (CDR) technology that will eliminate carbon emissions from the atmosphere, forever. Climate Vault’s CDR initiative is supported by a “Technology Chamber” made up of leading climate science experts, including former US Energy Secretary Ernie Moniz. Since our launch in 2021, we have been named fast business list of “ideas that change the world” and has reduced ¾ of a million tonnes of CO2 for our partners, the equivalent of preventing 72,000 private cars from circulating around the Earth. Leading brands such as T. Rowe Price, Vanderbilt University, TPG, Morningstar, Gemini and Danfoss trust Climate Vault to build tailored carbon programs that deliver quantifiable results and lasting impact. Visit www.climatevault.org to learn more, calculate your individual footprint and help your organization or financial portfolio achieve carbon neutrality.

Carefully consider the Fund’s investment objective, risk factors and expenses before investing. This and other information can be found in Impact Shares’ statutory prospectus and summary, which can be obtained by calling 844-448-3383, or by visiting ImpactETFs.org. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Narrowly focused investments and investments in smaller companies generally show higher volatility. Investments in commodities are subject to higher volatility than more traditional investments. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. The Fund is undiversified.

Shares of any ETF are bought and sold at market price (not NAV) may trade at a discount or premium to NAV and are not traditionally redeemed from the Fund. Brokerage commissions will reduce returns.

SDGA is distributed by SEI Investments Distribution Co, which is not affiliated with Impact Shares or Climate Vault.

The United Nations Capital Development Fund does not endorse or recommend any commercial or other product, including financial products, goods or services.