Refinitiv & Arab Federation of Exchanges Launch A Low Carbon Select Index in MENA

Refinitiv & Arab Federation of Exchanges Launch A Low Carbon Select Index in MENA

Refinitiv & Arab Federation of Exchanges Launch A Low Carbon Select Index in MENA

Refinitiv and the Arab Federation of Exchanges (AFE) today launched the Refinitiv AFE Low Carbon Select Index in the Middle East and North Africa (MENA).

Environmental, Social and Governance (ESG) data and analytics is becoming of critical importance for MENA financial markets. The new index represents an ESG benchmark offering investors the opportunity to commit capital to companies that actively promote and invest in low carbon activities across their business operations in MENA. Saudi Arabia holds the largest country weight in the Index with 39.5 percent, followed by Kuwait (22.3 percent), UAE (16.6 percent), Qatar (13.4 percent), Egypt (4.5 percent), and other MENA markets (3.8 percent).

Over a five-year period, the annualized return of the Refinitiv AFE Low Carbon Select