GreenBiz Launches Business Index
GreenBiz.com has issued a landmark research report featuring how U.S. businesses are doing ‘greening up’ their activities. The report is free and what’s more, it also introduces you to the composition of the GreenBiz Index.
This is a set of 20 indicators which track progress business are actually making in their care for the environment. The indicators principally include resource use and carbon emissions of US based companies.
The individual measures include
energy and toxics intensity,
The index is an excellent tool, which further professionalises the green trend. Businesses are all running havoc trying to convey ‘green’ messages to consumers but to date this is only one of few real developments that will hold companies accountable.
Since last January a spate of green investment indices have been launched by major banks. They include the Environmental Technology Index launched by the FTSE. It consists of 50 of the largest green tech companies on the planet and comprises 500 stocks. The company collaborated with Impax Asset Management to pick the stocks. Most of the companies tracked specialize in alternative energy and efficiency, waste treatment and pollution control and their market capitalization is around $161 million.
Also last month, Barclays Capital launched the First Global Index to follow the performance of carbon credits and the carbon emissions market.
Another index was launched, also in January, by Standard and Poor. It is called the Global Eco Index which measures the performance of 30 of the largest public companies that profit from eco-related technologies. The index has a market capitalisation of $388 billion and covers companies in 12 countries.
Last year in March, S&P already issued a Global Thematic Index Series which is an amalgamation of its Global Clean Energy Index, Global Water Index and Global Infrastructure Index.
Then there is the Merrill Lynch Energy Efficiency Index, which was launched in August last year. This tracks 40 global companies in four sectors that are believed to profit from energy efficiency.
You can download the GreenBiz report for free in return for filling in a questionnairehere.