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People & Business :: Companies

IFC and S&P Launch Carbon Index for Emerging Markets

3:06 AM MST | December 4, 2009 | Deepti Ramesh

International Finance Corporation (IFC; Washington), a member of the World Bank group, says IFC and Standard & Poor’s (S&P) are launching the world’s first Carbon Efficient Index for emerging markets that will mobilize more than $1 billion for carbon-efficient companies over the next three years. The Carbon Efficient Index will encourage carbon-based competition among emerging market companies, give carbon-efficient companies access to long term investors, and will lead to important reductions in carbon emissions in developing countries, IFC...

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