CDP creates new indices spotlighting corporate climate leaders

CDP indices will only select firms with the best climate performance

CDP has launched two new environmental indices that will select stocks entirely based on their performance in tackling climate change, water security, and deforestation.

The investor backed non-profit, known for its work encouraging corporates to disclose environmental data, has teamed up with European stock exchange Euronext to launch the Euronext CDP Environment World EW, and the Euronext Environment Eurozone EW. Why is generating higher returns from ESG a challenge? Laurent Babikian, director of investor engagement at CDP Europe, said the new indices would help drive capital towards low-carbon opportunities. "The Paris Agreement and the Sustainable Development Goals demand that significant capital is allocated to low carbon, water-secure and def...