Index provider FTSE Russell has announced the public launch of its LCE data model, which measures the green revenues of 13,400 public companies, representing 98.5 per cent of total global market capitalisation.

The LCE data model was earlier revealed on Better Society here, mapping a broad range of large, mid and small capitalisation companies in 48 developed and emerging markets into 60 green industrial subsectors, with each company in the model assigned a low carbon industrial indicator (LOWCII) factor, representing the ratio of its green revenues to its total revenues.

The new index aims to create new sustainability model that is not limited to excluding hydrocarbon producers or heavy CO2 emitters, but to proactively track green revenues. More than 2,400 public companies in the LCE data model already generate green revenues and shows large cap companies increasingly involved in the delivery of green goods, products and services. The new framework is also hoping to help create a picture of the scale and velocity of the structural shift to a green economy across public companies.

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