The Nasdaq Clean Edge Global Green Income Index (GGINC) is designed to track the performance of fifty companies within the global green economy that have a consistent history of offering dividends and exhibit the highest trailing-twelve-months dividend yield.
Nasdaq Clean Edge Global Green Income Index Top 10 Securities (as of October 30, 2023)
| Ticker | Security Name | Index Weight |
|---|---|---|
| WM | Waste Management, Inc. | 8.84% |
| IBE | Iberdrola S.A. | 8.16% |
| EQIX | Equinix, Inc. | 8.16% |
| ABBN | ABB Ltd. | 7.66% |
| SU | Schneider Electric SE | 7.56% |
| VER | Verbund AG | 4.41% |
| EOAN | E.ON SE | 4.11% |
| NG | National Grid Plc | 4.11% |
| AWK | American Water Works Co., Inc. | 3.90% |
| EQR | Equity Residential | 3.84% |
Nasdaq Clean Edge Global Green Income Index Performance
Historical index performance is available here.
Nasdaq Clean Edge Global Green Income Index Methodologies
Index Calculation
Nasdaq Clean Edge Global Green Income Index (GGINC) began on February 13, 2023, at a Base Value of 1,000. Click here to learn more.
Eligibility Criteria
To be eligible for inclusion in the Index, security’s issuer must be classified by Clean Edge as a Green Economy company, specifically as belonging to one of either Electric Utilities, Water Utilities, Sustainable Infrastructure Developers & Technology Providers, Waste Management, Yieldcos, Investment Trusts and Similar Vehicles, Real Estate Investment Trusts (REITs) or Technology Providers.
The classifications are defined as follows:
- Electric Utilities - Electric utilities have activities in power generation and/or transmission and distribution (“T&D”). Companies meeting the following requirements qualify for the universe.
- Power -producing utilities must derive at least 50% of revenue from renewable sources, which we define as wind, solar, hydro and geothermal energies. In the instances in which revenue is not clearly delineated, reported power produced (watt-hours) from renewable sources must be greater than 50% of electrical generation.
- T&D utilities must derive at least 50% of revenue from the transmission and distribution of electricity from renewable and non-emitting sources (e.g., existing nuclear power plants).
- Utilities with both power-producing and T&D activities must derive at least 50% of combined revenues/generation from renewable and/or non-emitting sources according to the definitions described above.
- Water Utilities - Water utilities that derive 50% or more of their revenue and/or operating profit from water and/or wastewater activities qualify for the universe. Utilities with multiple business units and revenue streams (such as water and electricity), must demonstrate substantial exposure to water and wastewater activities according to Clean Edge.
- Sustainable Infrastructure Developers & Technology Providers - Sustainable infrastructure developers building and installing systems and facilities for clean electricity, water, energy efficiency, electrification, climate-adaptive agriculture, and low-carbon/zero-energy buildings qualify for the universe. Developers must receive a majority (50% or more) of their revenue from one or more of the above sectors, "or," in the case where a constituent has multiple business units and revenue streams, have substantial exposure to clean electricity, water, energy efficiency, electrification, climate-adaptive agriculture, and/or low-carbon/zero-energy buildings according to Clean Edge.
- Waste Management - 50% of revenue must result from activities in collecting trash and recyclable waste from homes and businesses; operating materials recovery facilities; operating organics processing facilities; and/or operating landfills where, in many cases, the gas generated by decomposing waste is processed into renewable energy.
- Yieldcos, Investment Trusts and Similar Vehicles - Yieldcos, investment trusts, and/or similar vehicles that derive at least 50% of revenue from one or more activities in clean energy, energy efficiency, green buildings, advanced grid & electrification, low-carbon agriculture, water, waste management, and other green/sustainable infrastructure markets qualify for the universe.
- Real Estate Investment Trusts (REITs) - To qualify for the universe, Clean Edge has determined the following process: REITs are evaluated using information on 1) emissions and 2) consumption of energy from renewable sources as reported by the company. First, an analysis locates a REIT’s emissions intensity position – as defined by Clean Edge – within the REIT research universe. “Emissions intensity” is defined as the sum of Scope 1 and Scope 2 emissions divided by annual revenues. To qualify, a REIT’s emission intensity scores must be at or below the median within the REIT research universe. Next, Clean Edge examines the resulting pool of REITs for consumption of energy from renewable sources as reported per disclosures meeting the Sustainable Finance Disclosure Regulations (SFDR) or corporate reports. Use of energy from renewable resources must be at least 90% of total use.
- Technology Providers - Technology providers in clean energy, energy efficiency, green buildings, advanced grid & electrification, low-carbon agriculture, water, waste management, and other green/sustainable infrastructure markets qualify for the universe. Technology providers must receive a majority (50% or more) of their revenue from one or more of the above sectors, "or," in the case where a constituent has multiple business units and revenue streams, have substantial exposure to clean energy, energy efficiency, green buildings, advanced grid & electrification, low-carbon agriculture, water, waste management, and/or green/sustainable infrastructure markets according to Clean Edge.
Click above to access detailed GGINC methodology information.
Licensing Opportunities
To learn more about potential licensing opportunities, please contact Sean Wasserman at Sean.Wasserman@nasdaq.com.
Disclaimer:
Nasdaq® is a registered trademark of Nasdaq, Inc. and Clean Edge® is a registered trademark of Clean Edge, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor Clean Edge, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed or other publicly listed companies or Nasdaq Clean Edge proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.