FTSE launches carbon indices
Global index provider FTSE Group (FTSE) has announced its involvement in the launch of new indices within its FTSE CDP Carbon Strategy Index Series.
The company announced it was partnering with CDP and ENDS Carbon for the launch of four new indices.
It said the indices were designed to help investors reduce the long-term investment risks associated with climate change and related regulation in these markets.
The announcement said the new indices in the series include:
- FTSE CDP Carbon Strategy Australia 200 Index
- FTSE CDP Carbon Strategy Australia 300 Index
- FTSE CDP Carbon Strategy Europe Index, and
- FTSE CDP Carbon Strategy Japan Index.
These indices join two existing UK indices:
- FTSE CDP Carbon Strategy All-Share Index, and
- FTSE CDP Carbon Strategy 350 Index.
It said it was widely accepted that climate change will increasingly impact the profitability of companies and portfolios over the coming decades and with Australia's carbon tax due to be implemented in July, the new indices represented a timely response to the concerns of a large number of pension funds and asset managers seeking to incorporate carbon risks into their investment strategy.
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