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♤ The BSE-GREENEX Index is a veritable first step in creating a credible market based response mechanism in India, whereby both businesses and investors can rely upon purely quantitative and objective performance based signals, to assess “carbon performance”.
♤ gTrade Carbon Ex Ratings Services Private Limited (gTrade) is a company based in India, which has codeveloped the BSE-GREENEX Index in close association with the BSE.
Index Description
♤ The BSE-GREENEX Index includes the top 20 companies which are good in terms of Carbon Emissions, Free-Float Market Capitalization and Turnover.
♤ The Index is a Cap Weighted Free-Float Market Capitalization weighted Index comprising from the list of BSE-100 Index.
♤ The Index has been back-tested from 1stOctober, 2008 (Base Date) with the base index value of 1000.
♤ The Index is rebalanced on a bi-annual basis i.e. end of March and September quarters.
♤ The September quarter review will be based on the fresh set of carbon emission numbers and the March quarter review will be based on the existing carbon emission numbers but latest financial data.