The Interfaith Center for Corporate Responsibility announced on 5th Feb that it has come up with an index to measure how “green” public listed companies. The index is to help investors make investment decisions, and also to push for more eco-friendly business practices.

With 150 companies facing shareholder resolutions sponsored by faith-based investors, public pension funds and others involved in socially responsible investing, director of the interfaith center’s Energy and the Environment programme, Leslie Lowe believes that the information made available will play crucial roles. 

Under the evaluation method, the lower the score, the greener the company, whereas the higher the number, the less environmentally friendly a company is judged to be. The evaluation took into account greenhouse gas emissions and other indicators, such as water use and waste disposal.