BSE launches Greenex, India's first energy efficient index

Today, Asia's oldest exchange, Bombay Stock Exchange launched India's first carbon efficient index to measure the performance of companies in terms of carbon emissions, aiming to provide a benchmark for socially aware investors.  

This index will enable investors take more timely and informed investment decisions about companies in the energy intensive sectors. 

The BSE-GREENEX index will have 20 companies selected from the BSE-100 index, and it will gives equal weight-age to both energy efficiency and profitability.  It should help institutional and retail investors to evaluate a particular stock on the basis of the amount of money these firms save by being energy efficient.

This 20-share BSE-GREENEX includes some of India's leading companies such as Tata Motors , Tata Steel , ICICI Bank , Larsen & Toubro , Housing Development Finance Company , Reliance Infrastructure , Dr Reddy's Laboratories and DLF .

This is the second theme based index launched by BSE after the Shariah index.

The index can be used to develop green financial products including mutual funds, exchange-traded funds and structured products, the BSE said.