OAKLAND, Calif., Aug. 15, 2016 /PRNewswire-USNewswire/ -- As You Sow and Corporate Knights released the inaugural version of the Carbon Clean 200TM (Clean200TM), a list of 200 clean energy companies showing a simulated annualized return of 21.82% over the past decade.
The list will be updated quarterly and is the inverse of the Carbon Underground 200TM, a list of fossil fuel companies targeted for divestment, which generated a 7.84% annualized return over the past decade. According to Toby Heaps, CEO of Corporate Knights and report co-author, "The Clean200 nearly tripled the performance of its fossil fuel reserve-heavy counterpart over the past ten years, showing that clean energy companies are providing measurable rewards to investors."
The Clean200 ranks the largest publicly listed companies by their clean energy revenues as rated by Bloomberg New Energy Finance. A company must have market capitalization above $1 billion (Q2 2016) and earn over 10% revenues from clean energy. The list excludes oil/ gas/coal companies and utilities that generate below 50% power from renewable sources. The list also uses other environmental, social, and governance screens.
"Our intention is to begin a conversation that defines which companies are part of the clean energy future," said Andrew Behar, CEO of As You Sow and report co-author. "The Clean200 turns the 'carbon bubble' inside out, showing that we can capitalize on the greatest energy transition since the industrial revolution."
The performance analysis of both lists is based on a 'snapshot in time' of current constituents, as the BNEF clean energy revenue exposure database does not go back ten years. This analysis introduces a survivorship bias, which can result in the overestimation of past returns.
The methodology and list of the Clean200 is downloadable at www.clean200.org.
As You Sow is a non-profit that promotes corporate responsibility through shareholder advocacy.
Corporate Knights seeks to provide information that empowers people to harness markets for a better world.
** As You Sow and Corporate Knights are not investment advisors, nor do we provide financial planning, legal, or tax advice. Nothing in the Carbon Clean 200 report shall constitute or be construed as an offering of financial instruments, as investment advice, or investment recommendations.**
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SOURCE As You Sow