The S&P/TSX Clean Technology Index has been launched by index provider, Standard & Poor and operator of the Toronto Stock Exchange, TMX Group. S&P and TSX chose Jantzi-Sustainalytics to develop and maintain the Clean Technology Classification System.
Jantzi-Sustainalytics evaluated TSX listed companies for inclusion based on involvement in, and strategic commitment to five environmental themes: Renewable energy – production and distribution; Renewable energy – specialised suppliers; Energy efficiency; Waste reduction, and Water management and low impact materials and products.
Jasmit Bhandal, director of S&P Indices said: “A growing number of investors are interested in the clean technology investing theme. This new index provides a gauge for investors to assess the hypothesis that global interest in clean technology will lead to a favourable environment for clean technology companies.”