Standard & Poor’s, the world’s leading index provider, announced today that it has licensed ….
Deutsche Bank to create and launch a family of products based upon the recently launched S&P U.S. Carbon Efficient Index.The S&P U.S. Carbon Efficient Index, which is part of the Standard & Poor’s global thematic index series, measures the performance of large cap U.S. companies with relatively low carbon emissions, while seeking to closely track the return of the S&P 500.
The Index is composed of a subset of constituents in the S&P 500 with a relatively low Carbon Footprint while maintaining at least 50% of the original weight representation for every GICS® sector in the S&P 500.
The Carbon Footprint is calculated by Trucost PLC and provides an assessment of how efficiently a company utilizes energy in its business. Carbon Footprint is defined by the company’s annual greenhouse gas (GHG) emissions as a percent of annual revenues.
Through 2008, the average annual Carbon Footprint of the S&P U.S. Carbon Efficient Index was 48% lower than that of the S&P 500
Source: ETFWorld.co.uk – Standard & Poor’s
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