The Indonesian stock exchange and a biodiversity foundation have launched an investment index to raise awareness of companies' environmental track records (Yahoo News, 2009)
The SRI-KEHATI index, which lists 25 companies, is the second single-nation sustainability index in Asia after Japan, according to the Indonesian Biodiversity Foundation.
The sustainable and responsible investment (SRI) index includes a palm oil firm, three miners and two cement companies in Indonesia, which is widely considered the world's third-highest carbon emitter.
The index is aimed to be a parameter so investors can invest their funds in companies that show awareness of the environment and community.
The companies are judged on six areas: the environment, community involvement, good corporate governance, respect for human rights, business behaviour and labour practices.
References
Yahoo News, 2009.Indonesia launches eco-friendly investment index. http://news.yahoo.com/s/afp/20090609/sc_afp/indonesiafinanceenvironment
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