Euronext: announces launch of CAC 40 ESG index

(CercleFinance.com) - Euronext has announced the launch of the CAC 40 ESG index designed to identify the 40 companies in the CAC Large 60 index that demonstrate the best environmental, social and governance (ESG) practices.


Responding to the growing demand for sustainable investment tools from investors and the market, the CAC 40 ESG is Euronext's first national ESG index.

Exclusion filters are applied for companies involved in "coal", "controversial weapons" and "tobacco" activities.

The methodology is set to evolve: it will incorporate new EU regulations and standards as they emerge, Euronext says, which plans to license the CAC 40 ESG index to a wide range of financial services companies worldwide.

Amundi, BNP Paribas AM and Lyxor have already confirmed their strong interest for it, Euronext said. Likewise, car parts maker Valeo, thanks to its environmental commitments and efforts, is being included in the index.



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