FTSE Group announces the launch of the FTSE Developed ex Fossil Fuels Index Series, an innovative set of benchmark indices that excludes companies linked to exploration,…
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ownership or extraction of (carbon reserves) fossil fuels. This ground-breaking launch is leading the way to implementation of a total exclusion model for fossil fuel-linked stocks, so that excluded enterprises are removed entirely from the Index Series.
BlackRock, the world’s largest fund manager, intends to launch a solution that tracks FTSE’s new benchmark utilizing seed capital from Natural Resources Defense Council (NRDC), a not-for profit organization with 1.4 million members that works to protect the world’s natural resources, public health and environment. The Index Series has been designed with the close co-operation of BlackRock and NRDC.
Source: ETFWorld – FTSE Group
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