Bombay Stock Exchange (BSE) is trying to be in sync with world markets and in this effort it has launched a new index by the name of Greenex which will measure performance of the companies on the basis of Carbon Emissions. Definitely it is a commendable step as this aspect will make companies more responsible towards their environment and this carbon index will go a long way in saving our environment.
What is Greenex?
- The index allows investors to track companies which are undertaking the energy efficient practices which means they are forward looking approach
- Investors can invest in a mutual fund that invests in companies that form this Greenex.
- The Greenex will allow asset managers to create products to help investors put their money in green enterprises and be able to participate in protecting our environment and earn money also in the process.