Low carbon emissions to help cos feature in BSE Greenex Index

Leading stock exchange BSE today said stocks of those companies having relatively lower carbon emissions have higher probability of inclusion in its Greenex index.
The Greenex index, launched in February 2012, measures the performances of companies in terms of carbon emissions.
It includes top 25 companies based on Green House Gas (GHG) numbers, Free Float Market capitalisation and turnover.
"For GHG emission numbers, stocks which are in between the scale of 50-100 within the sector are assigned a point of 1,000. This ensures that stocks with relatively lower GHG emission numbers in the universe have higher probability of index inclusion," the BSE said in a circular.

"In addition, for sectors where there is only one stock, point 25 is assigned for GHG emission numbers, average three-month float market capitalisation and average three-month value traded," it added.
'BSE-Greenex', environmental-friendly equity index, initially comprised 20 companies and later increased to 25 in order to give due consideration to the firms, which pro-actively off-set the carbon emissions by planting trees and taking several other initiatives in this area.