ABN Amro gets greener with new index

In a bid to not just make money but enhance its reputation as a ‘green’ bank, ABN Amro has launched the world’s first climate change and environment index. Developed by the bank’s private investor-products group, the new equity index will track the performance of select listed companies involved in addressing climate change and environmental issues.

The rules-based index, which will be managed by Standard and Poor’s, comprises of up to 32 stocks involved in a number of environmentally conscious industries ranging from renewable energy, water and waste management to businesses in ...