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(24/2/2015 BSE Carbonex Index): Bombay Stock exchange is oldest asian stock exchange in world. It has numerous sectoral indices and theme based indices which show developments of stocks in a particular sector. Bombay Stock exchange launched it's CARBONEX index in November 2012
which lists 30 companies which are considered as benchmark in carbon emission control of their particular sector. These companies varies from IT, manufacturing, Oil and gas etc. BSE's Carbonex index is based on BSE 100 index . Carbonex Index is index that holistically incorporates strategies, disclosures, performance and action in areas of carbon emission to create a comprehensive benchmark that identifies a company’s commitment to mitigate risks arising from climate change. BSE Carbonex Index is maintained by BSE Index Committee
Weightage of Constituents of BSE's Carbonex index is taken from three basic factors of a company:
1)Strategy and Governance - 40%
2)Reporting and Disclosures - 30%
3)Performance and Achievement - 20%
4)Ecosystem Action - 10%
BSE carbonex index follows a semi annual rebalancing calender and constituents can be removed or added into the index if some merger, acquisition takes place.
There are numerous actions which are ingredients for rebalancing of a component of Carbonex index:
(latest index composition might be different from listed constituents)
which lists 30 companies which are considered as benchmark in carbon emission control of their particular sector. These companies varies from IT, manufacturing, Oil and gas etc. BSE's Carbonex index is based on BSE 100 index . Carbonex Index is index that holistically incorporates strategies, disclosures, performance and action in areas of carbon emission to create a comprehensive benchmark that identifies a company’s commitment to mitigate risks arising from climate change. BSE Carbonex Index is maintained by BSE Index Committee
Weightage of Constituents of BSE's Carbonex index is taken from three basic factors of a company:
1)Strategy and Governance - 40%
2)Reporting and Disclosures - 30%
3)Performance and Achievement - 20%
4)Ecosystem Action - 10%
BSE carbonex index follows a semi annual rebalancing calender and constituents can be removed or added into the index if some merger, acquisition takes place.
| Index Name | Change Frequency | Effective Date | Reference Date |
| BSE Carbonex Index | bi-annually | 3rd friday of June and december | Last trading day of April and October |
There are numerous actions which are ingredients for rebalancing of a component of Carbonex index:
| Corporate Action | Adjustment made to index | Divisor Adjustment |
| Spin off | In general, parent and spun off company will be dropped from the index | Yes |
| Rights offering | The price is adjusted to the Price of the Parent Company minus the Price of the Rights Offering/Rights Ratio. Index Shares change so that the company’s weight remains the same as its weight before the rights offering. | No |
| Stock Dividend (Bonus), Stock split, Reverse Stock Split | Index shares are multiplied by and price is divided by the split factor. | No |
| Change in shares (new issue, repurchase, warrant conversion etc.) | None. | No |
| Special Dividend | Price of stock making special dividend is reduced by the per share special dividend amount after the close of trading on the day before the dividend ex-date. | Yes |
| Constituent Change | No intraday rebalancing. No Deletions due to delisting, acquisition or any other corporate event resulting in the deletion of the stock from the Index will cause the weights of the rest of the stocks in the index to change. Relative weights will stay the same. | Yes |
| Constituent Change | A change to a constituent’s industry classification, as defined in Appendix I, is reflected in the index at the subsequent semiannual rebalancing. | No |
| Constituent Change | Rebalancing changes including additions, deletions and weight changes. | Yes |
Components of BSE Carbonex Index as on 24/2/2015
(latest index composition might be different from listed constituents)
| Sr. No | Company name |
| 1 | Ultratech Cement Ltd |
| 2 | State Bank of India |
| 3 | Reliance Industries Ltd |
| 4 | Jindal Steel and Power Ltd |
| 5 | Larsen & Toubro Ltd |
| 6 | Housing Development & Infrastructure Ltd |
| 7 | Axis Bank Ltd |
| 8 | Tata Motors Ltd |
| 9 | Yes Bank Ltd |
| 10 | ICICI Bank Ltd |
| 11 | Maruti Suzuki India Ltd |
| 12 | Reliance Capital Ltd |
| 13 | Lupin Ltd |
| 14 | Reliance Infrastructure Ltd |
| 15 | Asian Paints Ltd |
| 16 | Infosys Ltd |
| 17 | Tata Consultancy Services Ltd |
| 18 | Sesa Sterlite Ltd |
| 19 | Adani Power Ltd |
| 20 | Tata Steel Ltd |
| 21 | Bharat Forge Ltd |
| 22 | DLF Ltd |
| 23 | Adani Enterprises Ltd |
| 24 | Bharat Heavy Electricals Ltd |
| 25 | Cipla Ltd |
| 26 | LIC Housing Finance Ltd |
| 27 | Housing Development Finance Corporation Ltd |
| 28 | Crompton Greaves Ltd |
| 29 | ITC Ltd |
| 30 | Unitech Ltd |
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