02 Aug '11, 12pm

Shanghai Stock Exchange to Launch Index for Low-Carbon Companies

Last year, the International Finance Corporation (IFC) produced a report , the goal of which was to help the Shanghai Stock Exchange (SSE) improve the quality of sustainability reporting by Chinese companies. While SSE was "one of the first stock exchanges to issue a directive for companies to publish a sustainability report," IFC noted, "Existing frameworks provide guidance that is either too vague or too broad." One way in which stock exchanges can encourage corporate sustainability reporting, IFC found, is by establishing sustainability indexes, as has been done in South Africa and Brazil. This week, SSE announced that it will launch the SSE Sustainable Development Industry Index and the CSI Commodity Equity Index on August 22. According to the Exchange , the three themes of the Sustainable Development Industry Index will be Education and Publishing, Low Carbon Economy,...

Full article: http://www.greenbiz.com/news/2011/08/02/shanghai-stock-ex...

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