NASDAQ Creates Nordic Sustainability Index
Source: http://www.indexuniverse.com/sections/newsinfocus/4924-nasdaq-creates-second-nordic-sustainability-index.html?Itemid=3&utm_source=straightstocks.com&utm_medium=sidebar&utm_campaign=rssPosted on Tuesday, November 18th, 2008 | In Exchange Traded Funds
The market for green indexes and green investments continues to expand, day by day, week by week.
NASDAQ OMX Group has created the second benchmark index in its Scandinavian OMX GES Sustainability family, the Nordic Sustainability Index.
Norway already has a high profile in sustainability. Two of its largest companies—water services firm Hydro, the largest publicly traded company in Norway; and oil & gas company Statoil—constantly come up as leaders across global sustainability measures and in global sustainability indexes.
In addition to these well-known Nordic companies, the new NASDAQ benchmark index covers the 50 top Nordic-listed companies in terms of sustainability, using international guidelines for environmental, social and governance (ESG) issues.
The market for green indexes and green investments continues to expand, day by day, week by week. This week, the Canadian exchange-traded fund market will see its first sustainability-focused ETF launch (see story here.)
On the index side, FTSE just added to its family of Environmental Opportunities series yesterday (see story here.)
NASDAQ OMX already calculates a sustainability index based on the Swedish market.
The OMX GES Sustainability Index Series now consists of the OMX GES Sustainability Nordic Index and the OMX GES Sustainability Sweden Index.
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companies—water services;, Exchange Traded Funds, Hydro;, index universe, NASDAQ benchmark;, NASDAQ OMX Group;, Norway, Oil, Statoil
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