WACI (Weighted Average Carbon Intensity)

WACI is a metric used to measure the carbon intensity of an investment portfolio. It is calculated by taking the weighted average of the carbon intensity (emissions per unit of revenue) of each company in the portfolio, based on the proportion of the portfolio invested in each company. WACI provides a measure of a portfolio's exposure to carbon-intensive companies and can be used to compare the carbon intensity of different portfolios or benchmarks.

Learn more at Carbon metrics: Is WACI enough?