Euronext launches the CAC SBT 1.5° Index

Euronext has launched the CAC SBT 1.5°, an index investing in companies within the SBF 120 Index that have emissions in line with the 1.5°C Paris Agreement.

The CAC SBT 1.5° provides a climate-focused version of the CAC 40 with a focus on the following climate change considerations:

• It first incorporates negative screening and norm-based exclusion filters applied in accordance with the UN Global Compact Principles as well as exclusion screening for companies involved in unconventional oil & gas, coal, controversial weapons and tobacco activities.

• The index is composed of companies having defined clear targets to reduce greenhouse gas (GHG) emissions in line with 1.5°C, which have been validated by the Science Based Targets initiative (SBTi).

• Its methodology will evolve to integrate new EU regulations and standards as they emerge.

• Components of the index are free-float market capitalisation weighted.

• Composition of the index is revised on a quarterly basis.

Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext N.V. says, “The Euronext CAC SBT 1.5 index follows the stock performance of companies who have set clear and measurable targets to reduce greenhouse gas emissions, validated by the Science Based Target initiative. The launch of this index is a strong signal of the transition towards responsible investment. As part of the ‘Fit for 1.5’ commitment in our Growth for Impact 2024 strategy, Euronext is playing a crucial role in empowering sustainable finance across all its markets and in supporting the allocation of capital to sustainable initiatives through the launch and publication of ESG indices.”