Introduction
The Environmental Investment Organisation (EIO) is an independent non-profit body that seeks to improve the ethical and environmental "output" of the financial system.
In recent years this mandate has been focused almost entirely on the need to tackle the climate crisis. In the EIO's view it would be an act of extreme irresponsibility to ignore the scientific advice we are being given on climate change and on that basis we respond to that advice with the same urgency and clarity justified by any emergency.
With a view to focusing on the solution rather than the problem, the EIO recently launched its first series of Global Carbon Rankings. These rank the world's largest companies according to absolute greenhouse gas emissions as well as the levels of disclosure & verification being achieved.
In the coming months these Global Carbon Rankings will be used to form the basis of a series of tradeable broad market indexes which will reward and penalise companies according to their position in the Carbon Ranking, providing companies with a clear incentive to improve disclosure and cut emissions. The launch of the Environmental Tracking (ET) Index Series will see the investment community provided with a viable, mass market tool to tackle climate change for the first time.
To read more about the EIO's background please click here.