Societe Generale launches SGI Global Carbon index

By Susanna Moon

Chicago, April 21 - Societe Generale Index said it launched SGI Global Carbon, an equity index offering exposure to stocks that exhibit the lowest carbon intensity among the worldwide industrial, utilities, energy, capital goods and materials sectors.

The company said that, according to research by its corporate and investment banking division, there is growing interest from investors who would like to capitalize on low carbon-intensive companies that are better positioned to contend with new regulations and technologies tackling climate change.

The SGI Global Carbon index provides a benchmark for investors seeking to combine equity allocation in industrial sectors with low carbon exposure, according to a press release.

Part of Societe Generale Index's ß-research range, the index is invested mainly in North America, Europe and Asia. It offers a selection of 30 low-carbon intensive stocks, from an initial coverage of more than 1,500 companies.

The selection of stocks is carried out by a model jointly developed by Centre Info, a sustainable investment consulting and rating firm, and Societe Generale's socially responsible investment equity research team.

The selection process identifies companies with a very low level of carbon emissions, from the supply chain to production to product use, as well as limited exposure to carbon costs driven by emerging regulations and technological changes, the release said.

The company's indexes can be replicated using tracker funds such as exchange-traded funds and through Societe Generale certificates. Investments can also be made using structured products.

Societe Generale is a financial services group based in Paris.

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