The New York Stock Exchange (NYSE), which is part of Intercontinental Exchange, and Intrinsic Exchange Group (IEG) are jointly developing a new class of publicly traded assets called Natural Asset Companies, or NACs.
NACs are sustainable enterprises that hold the rights to ecosystem services produced by natural, working or hybrid lands.
On a global basis, natural assets produce an estimated $125 trillion annually in ecosystem services, such as carbon sequestration, biodiversity and clean water. The formidable output underscores the financial potential of an asset class that is wholly based on environmental investment.
“This new asset class on the NYSE will create a virtuous cycle of investment in nature that will help finance sustainable development for communities, companies and countries,” said Douglas Eger, CEO of IEG. “Together, IEG and the NYSE will enable investors to access nature’s store of wealth and transform our industrial economy into one tha