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new KLD index focuses on climate change

September 2005

US-based KLD Research Analytics is setting up a new investment index composed of companies that take 'positive' action to reduce global warming.

The Global Climate 100 Index will consist of large and small cap companies that KLD expects 'will provide near-term solutions to global warming while offsetting the longer-term impacts of climate change through renewable energy, alternative fuels, clean technology and efficiency'.

The index includes D1 Oils, a UK company producing biodiesel from vegetable oil, Japan's GS Yuasa Corporation, which has developed energy-efficient batteries, and BT, which signed the world's largest green energy contract this year.

At present slightly more than half the companies in the index are based in the US or Canada, a quarter are in Europe and the remainder in the Asia Pacific region.

A third of ExxonMobil shareholders have supported an AGM resolution asking directors to review how the company will meet greenhouse gas reduction targets in Kyoto Protocol countries.




Further Information
http://www.kld.com
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