FTSE Russell Starts Coal-Free Equity Indexes as Divestments Rise
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FTSE Russell is creating coal-free equity benchmarks as a campaign to encourage divestment from the fuel gathers pace.
The company will add the all-world and North American ex-coal indexes, which exclude companies with exposure to coal or miners with proved reserves of the fuel, to its existing ex-fossil fuel benchmark that was started in 2014, it said Tuesday on its website. FTSE Russell is also developing custom indexes that exclude coal for Norway and California, it said.