In light of growing global demand for environmental investment, the Tel Aviv Stock Exchange announced Monday that it is launching a new index: the TA-125 Fossil-Fuel-Free Climate Index.
The index will be comprised of shares included in the TA-125 index, excluding those of corporations involved in the production chain of fossil fuels. The list of "fossil fuel corporations" will be determined by the Clean Money Forum in Life and Environment – Israeli Union of Environmental NGOs.
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The TA-125 Fossil-Fuel-Free Climate Index will be updated once a year, in August.
According to the simulation performed on Oct. 15, 2020, the index includes shares of 112 companies with a market cap of about 545 billion shekels ($161.8 billion). Public float value is about 376 billion shekels ($11.6 billion).
