Euronext and Borse Italiana have announced the launch of the MIB ESG Index.

Euronext says the index is the first Italian blue-chip ESG index for major listed Italian issuers that demonstrate best ESG practices.

The index composition of the index is based on ESG assessments performed by V.E, part of Moody’s ESG Solutions. The methodology includes a ranking of the top 40 Italian listed companies based on ESG criteria and excludes companies involved in activities which are not considered compatible with ESG investment.

Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext N.V., said: “The launch is a significant milestone in the integration of Borsa Italiana within Euronext as both companies combine their respective strengths to make Italian capital markets more relevant than ever in the ongoing ESG transformation of the finance world.”

Sabine Lochmann, Global Head of ESG Measures at Moody’s ESG Solutions & President of V.E, said: “We are proud that our high-quality ESG data will power the MIB ESG Index through our continued collaboration with Euronext. Supporting this latest blue-chip index further demonstrates our ongoing commitment to support the integration of ESG factors in investment processes, and catalyse the global shift to a sustainable and responsible financial system.”