OREANDA-NEWS. September 09, 2011. BM&FBOVESPA and BNDES announced the composition of the theoretical portfolio of the Carbon Efficient Index, valid from September to December 2011. The ICO2 is an index composed of stocks in IBrX-50 index companies that have accepted involvement in the initiative, adopting transparent practices as regards greenhouse gas emissions (GGEs). The calculation of shares in the ICO2 index takes into consideration the greenhouse gas emissions and free float of companies. The emissions factors are recalculated annually while the free float is assessed every four months, reported the press-centre of BM&FBOVESPA.   

The portfolio valid as of today is constituted of 38 stocks in 37 companies.

This is the first annual changeover of the ICO2, which was launched 2010. This, its second year, required the obligatory presentation of a GGE inventory, including at least Scope 1 (direct emissions) and Scope 2 (from purchased energy). The companies that could not carry out a Scope 3 (specifically, air travel and land logistics) inventory relied on estimates from Trucost, a specialized consulting firm hired by BM&FBOVESPA, which also carried out the harmonization of emissions data sent in by the participant companies. In line with the inclusive and evolutionary methodology of ICO2, the emissions sources of Scope 3 should be widened in the coming years, based on studies in course this year.

Em Boa Companhia (In Good Company)
The ICO2 reducer does not take into consideration GGE offsetting actions developed by the companies. On the other hand in order to view these initiatives, BM&FBOVESPA provided a special environment on its Em Boa Companhia website, for the participant companies to publish their emission inventories and offsetting actions. In May 2011, the website was incorporated to the “Em Boa Companhia – Sustentabilidade com Empresas” (in Good Company – Sustainability with Companies) program created by the Exchange to deepen discussions about the impact on companies’ routines from sustainability management and social investment.