Press release content from PR Newswire. The AP news staff was not involved in its creation. New Zealand’s Exchange and S&P Dow Jones Indices launch carbon-efficient indices May 2, 2021 GMT WELLINGTON, New Zealand, May 2, 2021 /PRNewswire/ -- New Zealand’s Exchange (“NZX”) today launched New Zealand’s first carbon efficient indices in partnership with the world’s leading index provider, S&P Dow Jones Indices (“S&P DJI”), amid rapidly growing investor interest, and action globally to reduce carbon emissions and address climate change. New Zealand’s first ‘carbon light’ index Aligned with best global practice, the two new indices, S&P/NZX 50 Carbon Efficient Index and S&P/NZX 50 Portfolio Carbon Efficient Index, utilise Trucost’s environmental dataset to weigh companies listed on the NZX according to their carbon intensity and sector impact. The key objective behind the indices is to incentivise New Zealand companies to compare their carbon intensity to their industry group peers around the world. Based on the carbon intensity of each constituent company, a company’s weight may be adjusted positively or negatively, however, it will not screen out a company from the index solely due to its carbon intensity.