The country's premier bourse Bombay Stock Exchange (BSE) today said it will increase the number of constituents in the new list of 'BSE-Greenex', the environmental friendly equity index, by five to a total of 25.
The country's premier bourse Bombay Stock Exchange (BSE) today said it will increase the number of constituents in the new list of 'BSE-Greenex', the environmental friendly equity index, by five to a total of 25.
The move would be effective from December 31, 2012, the exchange said in a circular.
"Considering the growing trend of companies to move towards qualitative sustainability reporting and disclosure of numbers, BSE has decided to increase the number of the constituents in the BSE Greenex from 20 to 25," the exchange said.
BSE-Greenex, which measures the performances of companies in terms of carbon emissions, would include top 25 companies based on Green House Gas Numbers, Free Float Market capitalisation and turnover.
The companies are: ITC, Infosys, Bharti Airtel, Mahindra & Mahindra, Bajaj Auto, UltraTech Cement, Maruti Suzuki India Ltd, Hero MotoCorp, Titan Industries, Tata Steel, Tata Motors, Tata Power, L&T, ICICI Bank, NTPC, Dr Reddy's Labs, HDFC, BHEL, GAIL, Hindustan Unilever, Cipla, Lupin, DLF, and Reliance Infrastructure.
The bourse said it has decided to give due consideration to the firms who pro-actively off-set the carbon emissions by planting trees and taking several other initiatives in this area after consultation with various stakeholders.
BSE had launched the Green Index in February this year.
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