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 (last updated April 24, 2023)
Ticker | Security Name | Index Weight |
ABB Ltd. | 8.25% | |
Schneider Electric SE | 8.04% | |
Equinix, Inc. | 7.86% | |
Johnson Controls International Plc | 7.71% | |
Eaton Corp. Plc | 7.60% | |
E.ON SE | 4.20% | |
Ventas, Inc. | 4.18% | |
Ørsted A/S | 4.15% | |
American Water Works Co., Inc. | 4.11% | |
Digital Realty Trust, Inc. | 3.94% |
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.
- 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.
- 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) - REITs must have an Environmental Score of 70 or greater per the Sustainability Accounting Standards Board (SASB) sustainability dimensions and a distinction from at least one of the following assessments:
- Selection for Energy Star Partner of the Year
- Energy Star Sustained Excellence Status (both of the preceding from the US Environmental Protection Agency)
- Use of clean energy (90% or more of portfolio operations) according to the RE100
- A top rating from GRESB for environmental sustainability (a Netherlands-based research foundation focused on real assets)
- 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:
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 financial product or an overall investment strategy. Neither Clean Edge, Inc., nor Nasdaq, Inc. or any of its affiliates, makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding the 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