Since last week, there is yet another interesting index to be followed as NASDAQ OMX has launched the NASDAQ OMX CRD Global Sustainability 50 Index (QCRD). It is an equity index serving as a benchmark for stocks of companies that have a leading role in disclosing their carbon footprint, energy usage, water consumption, waste, employee safety, workforce diversity, management composition and community investing. The index began on June 15, 2009 with a base of 1,000.0.
The index includes companies from various sectors: banking (7.6 %), health care (17.0 %), industrial (37.3 %), insurance (7.6 %), other financial (3.7 %) and telecom (10.0 %).
The companies in index are mostly well known international companies like Cisco, BHP, Exxon Mobil, Oracle, Nokia, Coca Cola, Procter and Gamble, Johnson and Johnson, UBS, Intel, BP, Dell, 3M, Pfizer, Microsoft and Hewlett Packard, amongst others.
The firms in index voluntarily report on more than 150 financial, sustainability and social metrics. CRD Analytics president Michael Muyot said the index would make “sustainability more investable”, as it provides investors with an independent assesment of how sustainable firms are performing against their peers.
Each company in the index must:
- produce a publicly available sustainability report
- disclose compatible sustainability data
- report at least 20 % of total core environmental performance indicators
- report at least 20 % of the total core social performance indicators
- report at least 70 % of the total financial performance indicators