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Sustainability thought-leader Rona Fried, Ph.D., Discusses NASDAQ OMX Green Economy Global Index with CSRwire CEO, Joe Sibilia

Submitted by: CSRwire

Categories: Socially Responsible Investing, Corporate Social Responsibility

Posted: Oct 18, 2010 – 04:24 PM EST

Embedded Audio:Open Press Release Audio


SPRINGFIELD, Mass., Oct. 18 /CSRwire/ - In one of the grandest shifts in the sustainability movement, NASDAQ OMX Group launched a new family of indexes, the NASDAQ OMX Green Economy Global Index (Nasdaq:QGREEN) - making it easier for investors to track companies propelling the green economy.

Last week, Joe Siblia, CSRwire CEO, interviewed Rona Fried, Ph.D., CEO of SustainableBusiness.com, LLC, which jointly developed the Index family with NASDAQ OMX.

When asked why the Index was created, Dr. Fried states the need for a comprehensive clearinghouse for sustainable business and green investing information was clear. For the past 16 years, the number of people interested in green jobs and green investing, once a small market, has grown exponentially - and the Index is able to provide them with all the "green" business information in one place.

"The changes have been enormous," Dr. Fried says. "The three industries that have grown the most are green building, sustainable agriculture and, of course, renewable energy and energy efficiency."

Fried explains to Sibilia that her experience on the board of the WilderHill New Energy Global Innovation Index led her to help in constructing the NASDAQ OMX Green Economy Global Index. The WilderHill Index served as a bellwether for compiling the list of companies Fried included in the new Green Index.

The NASDAQ OMX Green Economy Global Index covers 13 sectors, including:

  • Advanced materials
  • Bio/clean fuels
  • Energy efficiency
  • Financial
  • Green building
  • Healthy living
  • Lighting
  • Natural resources
  • Pollution mitigation
  • Recycling
  • Renewable energy generation
  • Transport
  • Water

The final list includes approximately 350 companies out of the 480 Fried researched - the majority of those companies that did not make the final cut either had a market cap that was too small or stock that wasn't liquid enough.

"The Index is a well-calculated, all-inclusive list of 'green' publicly-traded companies worldwide," Fried adds.

Toward the end of the interview - after the discussion detailing the criteria for how and why a company is selected - Sibilia asks, "Who is your favorite sustainability professional?" Fried simply chuckles and states, "…other than Joe Sibilia, that person would be Amory Lovins."

To hear this interview, please select the link above.

About NASDAQ OMX Global Index Group
NASDAQ OMX Global Index Group is engaged in the design, development, calculation, licensing, and marketing of NASDAQ OMX Indexes. NASDAQ OMX Global Index Group specializes in the development of indexes focusing on NASDAQ OMX's brand themes of innovation, technology, growth, and globalization. NASDAQ OMX Global Index Group also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ OMX indexes, visit www.nasdaqomx.com/indexes.

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.

Cautionary Note Regarding Forward-Looking Statements:
The matters described herein may contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about The NASDAQ OMX Green Economy Index and NASDAQ OMX's other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to, factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

The NASDAQ OMX Green Economy Index ("Index") is the exclusive property of The NASDAQ OMX Group, Inc., which with its affiliates, is collectively known as "NASDAQ OMX."

About CSRwire
CSRwire is the leading global source of corporate social responsibility and sustainability news. Founded in 1999 to advance the movement towards a more economically-just and environmentally-sustainable society and away from single bottom line capitalism, CSRwire has paved the way for new standards of corporate citizenship, earning the international respect of thought leaders, business leaders, academics, philanthropists, activists and the media community. Through innovative techniques and strategic partnerships, CSRwire continues to expand its content, communication technology and distribution channels exponentially.

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