Shanghai Stock Exchange Launches SSE 180 Carbon Efficient Index With China Securities Index

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Shanghai Stock Exchange Launches SSE 180 Carbon Efficient Index With China Securities Index

by Sangeeta Haindl
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China’s economic development strategy has strong emphasis on the need for green and low-carbon growth http://bit.ly/1FYIcIr via @Justmeans

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Tuesday, September 22, 2015 - 8:00am

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China’s month’s long stock market crisis has affected markets around the world. In recent weeks, five trillion dollars in value has been wiped away as investors sold shares over fears about the country’s slowing economy. It has been a turbulent time. However, there has been a glimmer of hope as China launched its first carbon efficient financial index, in a bid to direct capital towards its growing low-carbon industry. The SSE 180 Carbon Efficient Index, started by The Shanghai Stock Exchange (SSE) and China Securities Index, will identify low-carbon companies with financial performance that matches or exceeds their peers, but with significantly lower carbon emissions. The SSE 180 Carbon Efficient Index is designed to help financial institutions gain enhanced financial performance that lower exposure to carbon emissions provides.

China’s economic development strategy has strong emphasis on the need for green and low-carbon growth. As a result, Chinese companies are expected to further improve their environmental performance. The new index supports this transition by channelling capital towards better performing, carbon efficient companies. Liu Zhong, vice general manager of China Securities Index says, “In today’s China where green growth is the new norm, green indexes such as the SSE 180 carbon efficient index will provide the market with a great tool for green financial innovation, guiding more capital and more resources towards low carbon and green companies and industries, which will in turn accelerate the green growth economy.”

 

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Sangeeta Haindl writes on women and children; social innovation; social enterprise and social entrepreneurs. She is the founder of Serendipity PR, in London, U.K., where she works with high-profile brands and organizations in the public, non-profit, and corporate sectors, winning awards for her work from the communications industry. She is chairman of London's leading conscious well being organisation, Alternatives, which hosts leading speakers such as Deepak Chopra, Marianne Williamson, Neale Donald Walsch and many other well-known names. She describes herself as a Spiritual Entrepreneur, Conscious Explorer; enjoying helping others, paying it forward and being a mum.

Keywords: Sustainable Finance & Socially Responsible Investment | Carbon | China | Justmeans | Responsible Business & Employee Engagement | SSE 180 Carbon Efficient Index | Shanghai Stock Index | Trucost | best practices | funding

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