top of page

Creating a structured biodiversity note

Distributed by JP Morgan

Case Study

Impact Cubed created a bespoke portfolio designed to align with key biodiversity drivers as defined by the IPBES.


A leading wealth manager wanted to align more closely with its clients' values on environment and nature.


We used SmartESG to create a risk-optimised portfolio that

positively aligns with key IPBES biodiversity drivers.

Biodiversity pillars:

The Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) – considered to be the most comprehensive global biodiversity assessment to date – found direct drivers that accounted for more than 90% of nature loss in the past 50 years:

  1. Land & sea use change

  2. Natural resource exploitation

  3. Climate change

  4. Pollution

Subscribe to our newsletter


The resulting structured note has some notable impact outcomes:​

  • 91% environmentally good revenue vs 12% in ACWI benchmark

  • 15 SDGs more positively aligned to than ACWI benchmark

Backcast parameters:

  • Monthly returns

  • Price returns

  • Local currency

  • 3-year period

Annualised volatility:

Biodiversity note - 16.5%

ACWI - 16.9%

bottom of page