DivestInvest – The Carbon Underground 200TM

Divesting the S&P 500 of Fossil Fuels, Re-investing in the Broad Markets

FFIUS-SPX thru 31-June-2015


The Carbon Underground 200TM is updated on a quarterly basis for subscribing customers. The list here is the publicly-available annual rankings, which were last updated in January 2015 based on reserves data from November 2014. Since this last public update, Fossil Free Indexes has produced five quarterly updates, with more than 15% of the companies replaced over that period. These cumulative changes are not reflected in the publicly-available rankings here and are only available to paid subscribers.

The next annual update, including 2015 end of year reserves data, will be released in June of 2016. The annual public list will continue to be available for downloading at no charge to asset owners and divestment campaigners, and can only be used for non-commercial purposes, as outlined in our Terms of Use and FAQ.

Use of the list by asset managers and consultants is only permissible with a paid subscription. Please contact us at info@fossilfreeindexes.com if you are interested in a subscription or require further information.


 The Carbon Underground 200 – 2015

Fossil Free Indexes LLC and its third-party data providers and licensors do not guarantee the accuracy, completeness, timeliness or availability of the information contained herein. Nothing in this document shall constitute financial or investment advice, or an offer to buy or sell, or a promotion or recommendation of any security, financial instrument or product or trading strategy.

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It is not possible to invest in an index directly. Index returns shown do not represent the results of the actual trading of investable assets. All performance presented prior to the index launch date is back-tested performance. Back-tested performance is not actual performance, but is hypothetical. The back-test calculations are based on the same methodology that was in effect when the index was officially launched. Past performance is no guarantee of future results nor of the relationship of returns between Fossil Free Indexes US and the S&P 500. Please see fossilfreeindexes.com for additional legal disclosures and complete index methodology details.

S&P disclaimer: The S&P 500 is a product of S&P Dow Jones Indices LLC (“SPDJI”) and has been licensed for use by Fossil Free Indexes LLC. Standard& Poor’s®and S&P®are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones®is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); S&P 500 is a trademark of S&P; and this trademark has been licensed for use by SPDJI and sublicensed for certain purposes by Fossil Free Indexes LLC. Fossil Free Indexes US is not sponsored , endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s), nor do they have any liability for any errors, omissions or interruptions of the S&P 500.

All companies in the Carbon Underground 200 are investable as of January 31, 2015. The rankings are based on calculated carbon emissions data using reserves reported as of October 31, 2014. The ranking are adjusted for company mergers and acquisitions as of January 31, 2015.

For information on subscribing to an enhanced list with tickers, exchanges and updates email: CU200@fossilfreeindexes.com