Bloomberg and Goldman Sachs Asset Management have launched a new clean-energy index.
The Bloomberg Goldman Sachs Global Clean Energy Index is a modified free float–adjusted market capitalization weighted index, tracking the performance of more than 175 global equities with significant business exposure to the clean-energy sector.
The index was developed jointly by Bloomberg and Goldman Sachs Asset Management using a proprietary approach informed by insights from BloombergNEF (BNEF) analysts who identify companies that are active and impactful in their respective sectors and assess their exposure to clean energy. The index will be rebalanced on a quarterly basis.
The following sectors were defined as having an upside exposure to clean energy for the index universe: wind, energy storage, clean power, networks, digitalization, bioenergy, solar and hydrogen.
“Bloomberg and Goldman Sachs Asset Management are offering the market a new standard for clean ene
