Standard & Poor’s has launched the first in a series of global low carbon indices to meet growing demands by investors for indices that are focused on the environment.
The S&P U.S. Carbon Efficient Index will measure the performance of large cap U.S. companies with relatively low carbon emissions. The new index provides a benchmark to the market, as represented by the S&P 500, while allowing investors to create financial products that seek to gain exposure from a more environmentally efficient perspective.
Through 2008, the average annual carbon footprint of the S&P U.S. Carbon Efficient Index was 48 percent lower than that of the S&P 500.