Impax and FTSE in green index launch

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Impax Group, an AIM-listed specialist environmental investment company, and the FTSE Group are launching a new index to cover companies in the environmental sector.

The new FTSE Environmental Opportunities All-Share Index will be comprised of some 450 companies in areas such as: alternative energy, energy efficiency, water treatment, pollution control, waste technologies and resources management. Companies must demonstrate that a minimum of 20% of their business comes from environmental markets or technologies in order to be included on the new index, Impax said. Impax notes the area of environmental investment “is now a rapidly developing area of the global economy”. Earlier this year, Impax and FTSE launched the FTSE ET50 Index, made up of th...

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