Tesla TSLA Leads the Charge in Carbon Collective’s Updated Climate Index

Image: Tesla

Tesla leads the way in Carbon Collective's updated Climate Index, which focuses on “scalable solutions” such as electric vehicles, plant-based food, healthcare, and other clean energy companies.

San Francisco-based Carbon Collective is the first online investment advisor 100% focused on climate change. The company offers investment assistance by helping to shape climate-focused portfolios. The Carbon Collective has added 62 companies specializing in “scalable” environmental solutions to its climate index, Bloomberg reported.

Carbon Collective co-founder James Regulinski said its Climate Index was launched last year as a way for investors to disburse funds to companies believed to be at the forefront of developing solutions to tackle climate change. The company says the index can transparently and aggressively invest in scalable climate solutions quickly.

The latest update increased the size of the index to 169 company stocks. This includes a variety of stocks from AAON Inc., which sells ground source heat pumps, to Zoom Video Communications Inc., a video conferencing company.

The Carbon Collective Index also includes companies that offer a variety of products and solutions in the areas of clean energy, building efficiency, food and agriculture, and healthcare companies. The index now includes 10 electric vehicle companies, seven food companies and three women's reproductive health companies.

The five-largest companies in the market-capitalization weighted index are Tesla Inc., NextEra Energy Inc., Applied Materials Inc., Zoom Communications, and ABB Ltd.

H/T @SawyerMerritt/Twitter

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