Hang Seng Indexes launches Hydrogen Energy Index
It will track companies involved in the production of hydrogen, amongst others.
Hang Seng Indexes Company (HSIL) launched a cross-market ESG-themed index which will track the performance of companies involved in the production, transmission, distribution and storage of hydrogen.
Constituents of the Hang Seng Stock Connect Hydrogen Energy Index are listed in Shanghai, Shenzhen or Hong Kong and are eligible for trading through the Stock Connect Scheme.
The index is calculated and disseminated in real-time at two-second intervals.
According to HSIL, the index will “accommodate the needs of investors interested in sustainable investment strategies.”
“Hydrogen plays a pivotal role in the energy transition to reduce greenhouse gas emissions, and it has gained more traction in recent years as such clean energy can be a low carbon solution to limit global warming and achieve carbon neutrality in the long run,” HSIL said.
“To achieve this goal, the Chinese government and its global counterparts have put forward
different policies and strategies to support the development of the hydrogen economy,” HSIL added.