A new asset class: NYSE seeks SEC approval to list NACs
NACs are sustainable enterprises that hold the rights to ecosystem services produced by natural, working, or hybrid lands.
The New York Stock Exchange (NYSE) and Intrinsic Exchange Group (IEG) are jointly developing a new class of publicly traded assets called Natural Asset Companies, or NACs.
The new asset class will be listed and traded on the NYSE, creating a new market whose assets generate trillions of dollars in ecosystem services annually.
With natural assets producing an estimated $125 trillion annually in ecosystem services, such as carbon sequestration, biodiversity, and clean water, NYSE and IEG found the financial potential of an asset class that is wholly based on environmental investment.