A new index enables investors to track the performance of the companies
that are taking a leadership role in sustainability performance
reporting.
The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) and CRD Analytics today introduced the NASDAQ OMX CRD Global Sustainability 50 Index (NASDAQ:QCRD).
Companies tracked by the index have voluntarily disclosed their carbon footprint, energy usage, water consumption, hazardous and non-hazardous waste, employee safety, workforce diversity, management composition and community investing.
"The NASDAQ OMX CRD Global Sustainability 50 Index tracks the companies on the leading edge of self-reporting sustainability activities," said NASDAQ OMX Executive Vice President John Jacobs. "With the changing global ecological environment, the component companies are taking positive steps to take advantage of the new economic and regulatory realities we face."
The NASDAQ OMX CRD Global Sustainability 50 Index is powered by CRD Analytics' SmartViewTM system based on more than 150 quantitative financial, environmental, and social performance indicators of a global universe of equities. Each component of the NASDAQ OMX CRD Global Sustainability 50 Index must:
- produce a publicly available corporate sustainability/responsibility report
- disclose compatible sustainability data according to (GRI) G2/G3 guidelines
- 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
The Index is calculated in real-time and begin calculation with a value of 1,000.00 today (June 15, 2009).
“The NASDAQ OMX CRD Global Sustainability 50 Index is a landmark in
making sustainability more investable. The companies are force ranked
based on a more holistic set of risk-adjusted performance metrics,”
said CRD Analytics' President, Michael Muyot. “Using a quant-based,
Triple Bottom Line methodology allows companies to be compared on an
apples-to-apples basis. This has helped elevate extra-financial
analysis into mainstream investing.”
