FTSE Russell launches green revenue system

15 September 2020
| By Laura Dew |
image
image
expand image

Data provider FTSE Russell has launched a Green Revenues 2.0 Data Model which measures green revenue exposure of more than 16,000 companies globally.  

The classification system would apply a tiering system to 10 sectors to determine environmental impact based on seven objectives and firms’ revenue would be classed as ‘limited’, ‘net positive’ or ‘clear and significant’. 

Companies were selected from the energy generation, energy equipment, energy markets and efficiency, environmental resources, environmental support services, food and agriculture, transport equipment, transport solutions, waste and pollution control and water infrastructure and technology sectors. 

Data dated back to 2008 which allowed investors to look at company’s historical performance as well as current. 

It could also be used to aid investors with regulations such as the Taskforce on Climate-related Financial Disclosures (TCFD) requirements.  

Arne Staal, global head of research and product management at FTSE Russell, said: “FTSE Russell’s enhanced Green Revenue 2.0 Data Model is a powerful tool that investors can use to quantify a company’s contribution to the green economy in a single percentage of revenue figure. 

“Investors need access to high quality, comparable and relevant underlying data, available at scale, to support their sustainable investing strategies. FTSE Russell has been developing ESG index and data products for almost 20 years to help meet investor requirements to incorporate sustainable investments into their portfolios.  

“Our green revenues datasets are being used in a multitude of ways including in the FTSE TPI Climate Transition Index, which provides increased exposure to the opportunities arising from the global green economy.” 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

1 day 15 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

1 day 15 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

1 day 16 hours ago