The fund’s estimated carbon footprint provides a static snapshot of how much CO2e emissions could be associated with an investment, assuming a one-year holding period.

A fund's carbon footprint consists of a portion of each company's annual carbon emissions given their weight (%) in the fund. Carbon footprint calculations are based on companies’ previous years’ Scope 1 and 2 emissions.

Scope 3 emissions i.e. indirect emissions that occur in companies’ value chain are not included in the fund’s carbon footprint. While scope 1&2 emissions are direct and indirect emissions closest related to a company's own operations and electricity purchased, scope 3 emissions are derived from a company’s value chain which companies have less control over. Companies mostly report scope 1&2 emissions whereas scope 3 emissions are frequently reported only partially or not at all. Difficulties and inconsistencies in measuring and reporting scope 3 emissions makes them challenging to compare across companies and to track over time. Yet scope 3 emissions usually make up the largest share of a company's total emissions. This is why scope 3 emissions are shown separately.

Carbon footprint calculations provide an estimate based on the latest reported emission data available from companies in the fund and do not represent the current actual footprint of investment. A fund's carbon footprint can change over time.

The emission data used in the calculation is obtained from CDP. Firstly, Cooler Future takes into consideration company reported data, and if not available, utilises estimated emission data. Estimates are done by CDP.

The amount of CO2e associated with an investment is calculated based on the fund's annual carbon footprint per 1€ invested and multiplied by the € amount invested.

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