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Bombay Stock Exchange (BSE) launches BSE-GREENEX Index

New Delhi, 22 February 2011: Bombay Stock Exchange (BSE) has launched  India's first carbon efficient index named BSE-GREENEX. The BSE-GREENEX consist of 20 shares which includes Tata Steel, SBI, L&T, ICICI Bank, Tata Motors, Sun Pharmaceuticals, NTPC, Dr Reddy’s Labs, HDFC, Bharat Heavy Electricals, GAIL, Hindustan Unilever, Cipla, Sterlite Industries, Tata Power, Ambuja Cements, Lupin, DLF, Glaxosmithkline and Reliance Infrastructure.

The companies has been selected based on the Green house gas numbers and free float market capitalisation/turnover. BSE has launched the new index in association with gTrade ( GIZ promoted by Germany, Observer Research Foundation and IIM Ahmedabad) which aims to promote green investing, create viable market based solutions for industries, investors and governments, to promote energy efficient practices and encourage impact investing in economically and environmentally sustainable businesses.

 The Index has been back-tested from 1st October, 2008 (Base Date) with the base index value of 1000. The Index is rebalanced on a bi-annual basis i.e. end of March and September quarters. The September quarter review will be based on the fresh set of carbon emission numbers and the March quarter review will be based on the existing carbon emission numbers but latest financial data.

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