GEF, IFC and Standard and Poor’s Develop Carbon Efficiency Index for Companies in Emerging Markets
10 December 2009: The Global Environment Facility (GEF), the World Bank Group's International Finance Corporation (IFC) and Standard & Poor's (S&P) have launched the world's first carbon efficient index for emerging markets.
The S&P/IFC Carbon Efficient Index will encourage carbon-based competition among emerging-market companies and give carbon-efficient companies access to long-term investors. Investors will gain exposure to emerging markets and benefit from market rates-of-return while reducing the carbon footprint of their portfolios by 24%. [GEF Press Release]