Living Planet Fund Management has selected S&P Indices to calculate a green index, Financial Times reports. The subsidiary of WWF International runs a fund that incorporates socially responsible investing criteria in its selection of companies considered appropriate for investment. The index, which will track stocks active in green business, will be calculated using an objective, formulae-based proprietary methodology specific to Living Planet. The firm employs a green co-efficient to establish the weightings of the stocks in the index.

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