BSE Carbonex- India’s first carbon-based thematic index launched
The Bombay Stock Exchange (BSE) launched, country’s first carbon based thematic index, BSE Carbonex, which will provide a strategic perspective of organizational commitment to climate change mitigation.
What is the aim of BSE Carbonex?
This index is introduced with an aim providing a benchmark, and increasing awareness about the dangers posed by climate change. It will enable investors to gauge the performance of the constituent companies of BSE-100 index regarding their commitment to greenhouse gases emission reduction. Constituents of BSE Carbonex are over or underweighted compared to the benchmark based on their performance in the assessment process. The assessment will be based on the carbon emission and carbon efficiency of companies. The index will encourage people to invest in companies performing well on the index thus promoting low carbon growth. The Index has been developed with the help of expertise from U.K.