Green revenues soar and get their own index
Global index and data provider, FTSE Russell, has launched a data model to track the accelerating world investment in to the ‘green economy'.
The firm said it would measure green revenues from 13,400 public companies, which represented 98.5 per cent of the total global market capitalisation.
Over 2,400 public companies were already generating green revenue, from one or more of the 60 green industries, the firm said.
Nearly $2.9 trillion of the FTSE Global Equity Index Series (FTSE GEIS) was derived from green revenue, compared to the $3.5 trillion from emerging markets.
The company said it launched the green revenues index series so investors could capture managed exposures to companies that were transitioning to a green model on a country, regional or global basis.
This measure signified the first complete picture of the scale and velocity of the structural shift to a green economy across public companies, FTSE Russell said.
FTSE Russell chief executive, Mark Makepeace, said: "We identified a significant gap in the ability of portfolio managers to track exposure to the increasing shift towards green economy".
"We calculate that the green opportunity is equitable in seize to emerging markets and the launch of our green revenue data model provides the missing piece for investors," Makepeace said.
For the first time, investors would have a framework to capture the entire picture of their green revenue exposure, he added.
Recommended for you
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
