Qontigo and Willis Towers Watson launched an innovative family of climate transition indices driven by a next generation methodology that directly quantifies the impact of a Paris-aligned climate transition on equity valuations. The STOXX Willis Towers Watson Climate Transition Indices (CTI) help investors, governments and companies to manage risk, capture opportunities in their portfolios, align with goals of the Paris agreement and work toward net-zero targets. The CTI enables a more sophisticated way of managing climate risk that looks beyond carbon emissions, by making a forward-looking, bottom-up evaluation of transition risk and opportunity for each company. A proprietary Climate Transition Value at Risk (CTVaR) measure analyzes the impact on projected company cash flows of moving from a business-as-usual scenario — reflecting current policies — to a world where emissions pathways are fully aligned to the goals of the Paris agreement. By incorporating climate risk explicitly, this innovative approach allows investors to allocate in a robust, transparent and low-cost manner toward firms that will build — and benefit from — a future global economy that values and manages climate risks.