At the launch of the Bombay Stock Exchange's (BSE) green index on Wednesday, authorities said that there were possibilities that the index could be used to develop green funds, exchange-traded funds and structured products. The 20-share index includes Tata Steel, State Bank of India, Larsen and Toubro, ICICI Bank, Sterlite Industries, NTPC and many more leading stocks. Stocks from the healthcare category make up 22 per cent of the index followed by finance, which makes up 19 per cent, and power stocks which make up 13 per cent of the index. This first of its kind eco-friendly index, BSE-GREENEX assesses the “carbon performance” of stocks based on quantitative performance-based criteria. The index aims to encourage socially responsible investing. It consists of the top 20 companies from the BSE-100 Index, which are efficient in terms of emissions.
Source: The Hindu Business Line
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