US - S&P has released the first in a range of global low carbon indices, designed to meet increasing investor demand for environmentally focussed indices.
The index consists of S&P 500 constituents with a relatively low carbon footprint, according to calculations by Trucost, an environmental data organisation which verifies its calculations on an annual basis. Carbon footprint is calculated as the company's annual greenhouse gas emissions assessment, divided by annual revenue. The index is also rebalanced on a quarterly basis, with stocks ranked by their carbon footprint.
S&P's index services managing director and chairman of the index committee, David Blitzer, commented: "Organisations around the world are paying greater attention to the impact of greenhouse gases on our climate, as more investors consider carbon efficiency as an important investment theme.
S&P's is the first independent index provider to offer a broad US market index with an environmental focus."
This latest index joins the existing global thematic family which comprises green themes such as water, forestry, eco and carbon efficiency.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.