Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
The Markets January 31, 2008
New S&P India Index Meets Socially Responsible Investing Standards
Standard&Poor’s, CRISIL, and KLD Research&Analytics, a social and environmental research firm, have announced the launch of the S&P ESG India Index.
Reported by Rebecca Moore
The S&P ESG India Index is made up of companies whose business strategies and performance demonstrate a high level of commitment to meeting environmental, social, and governance (ESG) standards.
Initiated and sponsored by the International Finance Corporation (IFC), a member of the World Bank group, it comprises 50 Indian companies that meet certain ESG criteria and have been drawn through a two-stage screening process from the largest 500 companies listed on the National Stock Exchange of India.
According to a company announcement, the index will provide a model for the launch of similar indexes in other emerging markets.
The S&P ESG India Index will be maintained by India Index Services Ltd., a joint venture between CRISIL and the National Stock Exchange of India.
A detailed methodology and fact sheet on the S&P ESG India Index are available at www.standardandpoors.com/indices.
« Symetra Names New Two New Managers for Group Benefits Business