Carnot Capital AG
Carnot Capital is an asset management company that specializes in energy and resource efficiency. Founded in 2007 in Zurich, it received FINMA approval in 2013 as an asset manager for collective investments in Switzerland. It manages several funds while taking ESG sustainability into consideration. The index includes shares in listed companies with products and technologies that reduce the consumption of natural resources. Due to increasing scarcity and growing environmental problems, these companies could benefit from structural growth. Stock selection is value driven, based on combining the quality and valuation ratios. Quality is assessed primarily on the basis of the debt-to-equity ratio, return on capital, and cash flow strength. Other criteria in the selection process include market position and growth potential. Valuation ratios include financial debt and other financial obligations, as well as non-operational investments.