FTSE opens environment indices
Wednesday, 19 November 2008 12:25pm
FTSE Group added nine more indices to its Environmental Opportunities Index Series to cater for investors seeking exposure to water, alternative energy and waste management companies.
The nine indices include the FTSE EO 100 Index, Water Technology 30 Index, Renewable Energy 50 Index, Energy Efficiency 50 Index and the Waste and Pollution Control 30 Index.
Each of the indices, besides the FTSE EO 100 Index, has a corresponding benchmark for example the FTSE EO Water Technology Benchmark.
FTSE Environmental Opportunities Index Series includes companies that derive at least 20 per cent of the business from environmental markets and technologies.
Environmental research investment company, Impax Group researches each firm listed on the indices.
Will Oulton, FTSE Group head of responsible investment, said the environmental markets indices track the performance of those companies that are best positioned to benefit from a shift to a low carbon economy.
Last month, the global index provider teamed up with KLD Research & Analytics to launch a set of environmental, social and governance (ESG) indices.
KLD president Peter Kinder described the partnership as a milestone for socially responsible investments and ESG integration.
The global index provider will collaborate with KLD to design and market the co-branded ESG indices.
Michael Hobbs
