China's first corporate responsibility index focused on the environment, called the Taida Environmental Index, has been formally released at the point of 3856.80.
The Taida Environmental Index has been compiled by 40 listed companies from 10 environment-related industries. The index's code is 399358, the norm date is December 31, 2002 and the norm point is 1000. At present, the index lags behind the overall market, which shows that listed environment companies have not received enough attention from the market.
Experts quoted in local media who have participated in the compiling of the index say that as the first social responsibility index for China's capital market, the Taida Environmental Index is mainly aimed at evaluating listed companies' social responsibilities, which usually means that companies need to give up some short-term benefits and see slow increase of their performance and stock price. However, in the long run, companies with strong social responsibility focuses will be heralded by government and consumers and are likely to gain more opportunities for sustainable development.
