Euronext launches new CAC 40® ESG Index to meet financial community's sustainable investment needs.
Euronext today announced the launch of the CAC 40® ESG index1 (gross return Bloomberg code: CACESGGR), designed to identify the 40 companies within 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 from the market, the CAC 40® ESG is Euronext’s first national ESG index and is derived from the CAC 40® index family.
The CAC 40® ESG index combines measurement of economic performance with Environmental, Social and Governance impacts, in line with the French SRI label2 and the UN Global Compact principles3. The CAC 40® ESG index was developed following a large consultation among the financial community, public authorities and regulator. Euronext has partnered with Vigeo Eiris (V.E), an affiliate of Moody’s. V.E provides the ESG Assessment of companies for the composition of the index and engages in dialogue with them on their ESG performance.