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26
May 2017
Asia
Index Pvt Ltd, a joint venture between S&P Dow Jones Indices LLC and BSE
Ltd, is planning to introduce a new Sustainability Index in India aiming to
capture holistic sustainability parameters, a top company official said here on
Friday. The Total Investment &
Insurance Solutions
According
to the official, the new index is expected in the current fiscal. S&P BSE
Indices have two sustainability indices -- S&P BSE Carbonex and S&P BSE
Greenex -- which are environment-oriented and remained as
"non-movers". The Total Investment
& Insurance Solutions
"We
are already working toward introducing a new sustainability index that will try
to capture holistic sustainability parameters. We are working with our partners
and hope it could be out by this year," the index provider's Business Head
Koel Ghosh said.
She
said the index provider is waiting for data from RobecoSAM, an investment
specialist focused exclusively on sustainability investing. The Total Investment & Insurance
Solutions
"They
are currently capturing sustainability data from BSE 100 companies and once
they come out with data, we will create the index on the basis of that
data," Ghosh said.
"The
two existing sustainability indices were created in 2012. They are non movers.
Apart from carbon and green house gas emissions, there are other parameters in
the sustainability category. The new index will capture more parameters in the
sustainability space," Ghosh added.
She,
however, said gradually passive investments have been gaining popularity
through index based products. Assets under management for equity
exchange-traded funds (ETFs) amounted to Rs 27,203 crore as of December 2016-35
times higher than it was three years ago.
An ETF
holds assets such as stocks, commodities, or bonds. It trades on the stock
exchange like any ordinary stock over the course of the trading day. Most ETFs
track an index, such as a stock index or bond index.The Total Investment & Insurance Solutions
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