NSE’s Ahimsa index targets cruelty-free investing
The National Stock Exchange of India has launched the Nifty 500 Ahimsa Index, which excludes companies that intentionally harm animals. The index is designed to attract investors interested in non-violent business practices and will serve as a benchmark for passive investment products like ETFs.
Why it matters
It represents a growing trend in ESG (Environmental, Social, and Governance) investing by introducing a specific ethical framework focused on animal welfare.
MUMBAI: An arm of NSE, the largest stock exchange in India by turnover, has launched an index constituting stocks of companies from among Nifty 500 companies that do not intentionally harm animals while carrying out their regular business. Named Nifty 500 Ahimsa Index, the gauge is aligned with principles of non-violence, the exchange said through a release.“Nifty500 Ahimsa Index will be attractive to investors who wish to invest in stocks of companies that do not engage in activities that harm animals,” NSE Indices said. “The index has been developed in collaboration with the Ahimsagain Foundation as per their Ahimsa Investment Movement (AIM) framework, which evaluates companies based on the extent to which their products, services and business practices align with Ahimsa principles.”The index could expand investing practices based on the principles of non-violence.
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