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Desjardins Global Asset Management Inc. (DGAM) has launched the Desjardins RI Emerging Markets – Low CO2 Index ETF, which complements fund offerings that focus on reducing carbon intensity.

The ETF currently seeks to replicate the performance of the Scientific Beta Desjardins Emerging Markets RI Low Carbon index by focusing on large- and mid-cap companies within that universe.

The overall goal is “a significant reduction in the weighted average carbon intensity of the fund’s portfolio and ensuring that all constituent issuers meet pre-determined ESG standards,” a release said.

The ETF has a management fee of 0.35%.

Alongside offering “attractive growth potential,” the fund also supports the “transition to a greener economy,” said Nicolas Richard, CEO of DGAM, in the release.