ARCADIS, the international consultancy, design, engineering and management services company, announced today that the Company has been selected by the Cleantech Group, LLC to join its prestigious Cleantech Index of public cleantech companies, effective June 30, 2008.
The Cleantech Group's Cleantech Index is the first, and only, equity index to offer investors and index licensees an easy, liquid and cost-effective way to track and invest in the broad cleantech category. Unlike indices that specifically track narrow sectors such renewable energy or water, the Cleantech Index includes the leading companies from a broad range of sectors such as advanced materials, agriculture, transportation, manufacturing, in addition to energy efficiency, renewables and water.
Now comprised of 76 publicly traded companies, the Cleantech Index is the industry gold standard upon which a growing range of financial products are based. In 2007, the Index outperformed the S&P 500 Index by 37.4%, over the last 12 months by 26.3%, and in 2008 (through June 27) by 6.5%.
"ARCADIS is the world's leading provider of environmental services to private sector companies, and as such it is logical that we are now included in this index," says ARCADIS CEO Harrie Noy. "In addition, we have a stated goal of becoming the global leader in sustainability in our business, further underlining the right choice Cleantech has made."
"ARCADIS' addition to the Cleantech Index reflects the significance of the company to global cleantech investors," said Rafael Coven, Managing Director of Cleantech Indices for the Cleantech Group, LLC, and Index Advisor.
With its inclusion in the Cleantech Index, ARCADIS is also now being traded in funds based upon CTIUS, including the PowerShares Cleantech Portfolio ETF (Amex: PZD) and KSM Cleantech ETF (Bloomberg: KSMCLNT:IT) in Israel, among others.