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NYSE Euronext – the world’s largest and most diverse global exchange group – extends its offer of indexes with an instrument of a new generation that addresses environmental concerns related to CO2 emissions.

The Low Carbon 100 Europe® Index is an index weighted by free-float market capitalization designed to measure the performance of the 100 largest European companies having the lowest carbon (CO2) intensity in their respective sectors or homogeneous sub-sectors.

Compared to the universe of the 300 largest European companies, the carbon emission of the Low Carbon 100 Europe Index constituents is 42% lower on average. Furthermore, on September 30th 2008, the trailing performance of the Low Carbon 100 Europe was 225 bps higher than the performance of the benchmark index, which represents the 300 largest European companies, while its volatility was lower. With the Low Carbon 100 Europe Index, NYSE Euronext is providing investors with an effective instrument that takes into consideration CO2 emissions and may be used as a relevant benchmark for portfolio management as well as a suitable underlying for index-linked products such as ETFs.
The carbon footprints used for the selection of the eligible companies are estimated on the basis of data sourced from Trucost and Credit Agricole Cheuvreux. S.A.

Trucost Plc is a UK-based environmental research company, which owns the world’s largest¹ database of greenhouse gas disclosures and has an extensive coverage of companies worldwide.

¹ In terms of free float market capitalization

Specifications
Low Carbon 100 Europe® Index Specifications
Specifications Detail
Full name Low Carbon 100 Europe®
Short name LC 100 Europe®
Index Type (Basket or Price) Price
Index Governance Structure The Conseil Scientifique of the Low Carbon 100 Europe Index acts as Supervisor of the index and is also responsible for overseeing the appropriateness of the rules governing the Low Carbon 100 Index. The interpretations of these rules and the day-to-day management are the responsibility of the Compiler of NYSE Euronext.
Eligible stocks The universe is composed of the 300 largest European companies selected on the basis of their free float market capitalizations.
Selection The companies having the lowest carbon intensity are selected at their respective sector or homogeneous sub-sector levels of the ICB classification according to the "best-in-class" approach, and with the objective of approximating the sectors' weights in the universe.
Number of constituents 100
Weighting Based on free-float adjusted market capitalization. The free-float is rounded up to the next multiple of 5%.
Cap factor 15% - Reviewed annually on the third Friday of December, after the market close
Review of composition Annually
Effective date of the review On the first trading day following the third Friday of December
Review of free float Quarterly reviews based on the publicly available information at end of August, unless exceptional corporate actions trigger special updates. Changes are effective on the first trading day following the third Friday of March, June, September and December
Review of number of shares Quarterly review (except for special cases), on the 3rd Friday of March, June, September after the market close
Calculation frequency Every 15 seconds
Base date 29/12/2006
Base level 100
Historic data available since 29/12/2006
Return index Low Carbon 100 Europe Net Total Return (LC1NR ; QS0011131743)
Low Carbon 100 Europe Gross Total Return (LC1GR ; QS0011131750)
Derivatives and index-linked products ETF: EasyETF Low Carbon 100 Europe
ISIN code QS0011131735 (Price) ; QS0011131743 (Net TR) ; QS0011131750 (Gross TR)
Mnemonic code LC100 (Price) ; LC1NR (Net TR) ; LC1GR (Gross TR)
Other codes Reuters: .LC100 (Price) ; .LC1NR (Net TR) ; .LC1GR (Gross TR)
Bloomberg: LC100 (Price) ; LC1NR (Net TR) ; LC1GR (Gross TR)
Launch date 13/10/2008
Last update 14/10/2008