For the second time in a row, NYSE Euronext (NYX), has been honored with the carbon-neutral status. It is the only exchange operator to receive this status consecutively.
The status was bestowed upon the company in view of its recent purchases of renewable energy credits ("REC"s) and carbon offsets ("CO"s), in an effort to improve its energy efficiency measures. CodeGreen Solutions, a consulting firm, brokered the purchase for NYSE Euronext.
The RECs procured from Green Mountain Energy Company, an operating subsidiary of NRG Energy, Inc. (NRG), and the COs acquired from 3Degrees, helped NYSE receive the carbon-neutral status last year as well.
Last year in September, NYSE Euronext also received the Dow Jones Sustainability Index and the Carbon Disclosure Project's S&P 500 Leadership Index for the second time, thus adding to its list of accomplishments.
Such distinctions further encourage the company to reduce its carbon impact and trim down energy usage. It also speaks highly of its efforts of efficiently operating its business by complying with all regulations, keeping in mind the best interests of the environment.
We believe these will not only help NYSE Euronext retain investor confidence but also aid it to write more business going forward, thereby augmenting the results.
We maintain a long-term Neutral rating on NYSE Euronext, which is backed by a short-term Zacks #3 Rank (Hold). Its peer Nasdaq OMX Group Inc. (NDAQ) also retains a Zacks #3 Rank (Hold).
NASDAQ OMX GRP (NDAQ): Free Stock Analysis Report
NRG ENERGY INC (NRG): Free Stock Analysis Report
NYSE EURONEXT (NYX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment