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Carbon emission equity index launched

GLOBAL - ECPI has created a Carbon Winners Equity Index which looks at the performance of companies in the electricity, steel manufacturing and oil & gas industry.

Worldwide firms in these three sectors are checked for low carbon business models and effective reduction policies.

The data used by Italy-based, SRI-focused research and index company ECPI is collected by corporate consultancy Arthur D. Little which recently created a global carbon advisory service.

"Emissions management will more and more represent a source of competitive cost advantage for the quickest compliant companies," ECPI said.

The index provider chose the three sectors electricity, manufacturing of steel and other materials, as well as oil & gas because those have a "high current absolute carbon emission and high carbon reduction potential".

Arthur D. Little noted companies in the index are performing 20% better than the average as monitored by Bloomberg.

The consultancy's research showed " less than 20% companies out of the selected 1000 published defined targets for the reduction of carbon emissions".

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