European exchanges operator Euronext has released two indices based on the Science Based Targets initiative (SBTi) that grew out of the Paris Agreement.
The two indices, Euronext Europe SBT 1.5° and Euronext Eurozone SBT 1.5°, will track companies in the Europe 500 index and Eurozone 300 index that have met the emissions target set by the SBTi.
The index methodology will also “evolve to integrate new EU regulations and standards” as they emerge, stated Euronext.
They are the 28th and 29th climate change-linked indices to be launched by Euronext.
The company’s chairman and CEO, Stephane Boujnah said that the launch demonstrates Euronext’s commitment to the “transition towards responsible investment and to Euronext’s key pan-European leadership role in supporting the allocation of capital to sustainable initiatives in Europe”.
© 2023 fundsTech