KONSTRUKCJA INDEKSU TRANSFORMACJI KLIMATYCZNEJ DLA GPW
CONSTRUCTION OF A CLIMATE TRANSITION INDEX FOR THE WARSAW STOCK EXCHANGE

Summary/Abstract: Climate change represents one of the most significant challenges of the contemporary world. These phenomena result from both natural climatic cycles and, to an increasing extent, anthropogenic activities, particularly greenhouse gas emissions. Therefore, the role of financial institutions is crucial, as they can accelerate economic transformation toward climate neutrality through capital redistribution. Climate transition indices cover companies that support climate transition constitute one of the financial instruments that can facilitate such efforts, serving as the underlying basis for ETFs. As a result of the conducted research, a concept for a climate transition index for companies listed on the Warsaw Stock Exchange was developed, and its properties were verified through analysis using selected time series analysis methods. Based on the obtained results, it was determined that the index can serve as an underlying instrument for ETFs, possessing similar characteristics to the WIG index while maintaining superior performance characteristics compared to other WSE indices.

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