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IFC and S&P Launch Low carbon Index for Emerging Markets

Date: December 10, 2009

The International Finance Corporation, part of the World Bank group, has teamed up with Standard & Poor’s to launch a carbon-efficiency index for emerging markets using data from Trucost, the London-based carbon analysis firm. The index was launched in Copenhagen today. The IFC said the new S&P/IFC Carbon Efficient Index aimed to mobilize more than $1bn (€680m ) in capital investment for carbon-efficient companies over the next three years. The index will closely track the performance of the S&P/IFC Investable Emerging Markets Index – while reducing the carbon footprint of their portfolios by 24%.

For more on the launch, read Responsible Investor's article at: http://www.responsible-investor.com/home/article/ifc_and_sp_launch_low_carbon_index_for_emerging_markets/