Hauppage, NY (PRWEB) March 14, 2013
Target Rock Advisors, LLC announced that company Co-founder and Partner, Kyle Rudden will address the Wall Street Green Summit on March 18th in New York City. Rudden will show how Target Rock Advisor’s Sustainable Utility Leaders Index has identified the U.S.-domiciled utilities that have made the greatest achievements in sustainability, how those investments correlate with utility stock performance and why members of the Index are important to the continuing development of renewable energy.
“U.S. domiciled utilities have undergone a significant transformation in the past five years,” stated Kyle Rudden, Target Rock co-founder and Partner. “They’ve not only invested in transformational new technologies like renewable generation and demand-side management, but have also implemented programs that enhance the quality of governance structures, transparency in reporting and a host of other policies and practices that directly benefit customers, shareholders and society at large. Those investments appear to be paying dividends.” Although utilities have traditionally invested heavily in their communities and are consistent, stable investments with solid risk-adjusted income potential, they have limited holdings by sustainable and socially responsible investment funds due primarily to environmental issues.
Target Rock’s Sustainable Utility Leaders Index tracks over 400 dimensions of a utility’s performance in environmental stewardship, community involvement, governance practices and economic performance and ranks the utilities based on their overall sustainability score across all three ‘triple bottom line’ components. The two-dozen best utilities comprise the Index, representing a total market capitalization of $363 billion dollars. As a group, they have historically outperformed other broad market and utility-specific indexes.
The Target Rock Sustainable Utility Leader’s Index is calculated by S&P Dow Jones Indicies*, streamed to Bloomberg and posted to the Target Rock website daily. It is useful to sustainable investment portfolio managers for identifying the utilities that have a made the most progress embedding sustainability processes across a broad range of their activities and guiding investment decisions. "The utilities that are part of the Target Rock Sustainable Utility Leaders Index account for over 80% of the renewable capacity owned by Investor Owned Utilities.”, said Rudden. "Their investments in renewable generation represent an average of 13.7% of total operating capacity compared to only 7.6% for non-index utilities."
“Despite their continuing environmental challenges, utilities that have adopted balanced approaches to sustainability and demonstrated operational improvement represent significant long term investment opportunities. The best of them deserve consideration as socially responsible investments,” Rudden continued. “The Investor Owned Utility community is developing an additional 13.9GW of announced renewables projects through 2025, representing an estimated $37.2 billion in capital investment and the companies that are in the Target Rock Sustainable Utility Leaders Index are leading the way.”
About Target Rock Advisors
Target Rock Advisors, LLC provides advisory services and sustainability benchmarking to utilities as well as providing briefings and advisory services to the investment community that follows utilities. Target Rock explores the complex relationship between the elements of the classic pillars of sustainability: environment, economy and society, also referred to as the triple-bottom-line. The Target Rock Sustainability Index is a complex model of 2.4 million data points in over 400 dimensions that supports the unique analysis that Target Rock performs. The Target Rock Sustainability index guides investors in making more informed decisions by bringing to light the truly great utility sustainability leaders and their relative strengths and weaknesses. Target Rock also helps utilities by setting the benchmarks for achievement in a wide variety of sustainability-related activities.
For more information visit http://www.targetrockadvisors.com.
- The Sustainable Utility Leadership Index (SULI or the “Index”) is the exclusive property of Target Rock Advisors, LLC, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indicies LLC) (“S&P Dow Jones Indicies”) to calculate and maintain the Index. S&P is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS); Dow Jones is a registered trademark of Dow Jones Trademark Holdings, LLC (“Dow Jones”); and these trademarks have been licensed to S&P Dow Jones Indicies. “Calculated by S&P Dow Jones Indicies” and its related stylized marks have been licensed for use by Target Rock Advisors, LLC. Neither S&P Dow Jones Indicies, SPFS, Dow Jones nor any of their affiliates shall be liable for any error or omissions in calculating the index.