Tesla leads the way in Carbon Collective's latest climate index, which focuses on "scalable solutions" such as electric vehicles, plant-based foods, healthcare and other clean energy companies.
San Francisco-based Carbon Collective is the first online investment advisory firm to pay 100% attention to climate change. The company provides investment assistance by helping to shape a climate-focused portfolio. According to Bloomberg, Carbon Collective added 62 companies specializing in "scalable" environmental solutions to its climate index.
Carbon Collective co-founder James. James Regulinski said the company launched the Climate Index last year to allow investors to make a clear investment in companies believed to be "at the forefront of developing solutions to combat climate change." The company says the index can be transparently and aggressively and quickly invested in scalable climate solutions.
The latest data expands the index to 169 companies. This includes stock in a variety of companies, from AAON Inc., which sells ground-source heat pumps, to video conferencing company Zoom Video Communications Inc.
The Carbon Collective Index also includes companies offering a variety of products and solutions in areas such as clean energy, building energy efficiency, food and agriculture, and healthcare. The index currently includes 10 electric vehicle companies, 7 food companies and 3 women's health companies.
The top five companies in the market capitalization-weighted index are Tesla, NextEra Energy, Applied Materials, Zoom Communications and ABB.