Technology & Data

Euronext Expands SBT 1.5°C Index Offering

European stock exchange Euronext has launched two science-based target (SBT) indices, the Euronext Europe SBT 1.5° and the Euronext Eurozone SBT 1.5°, taking its range of climate indices to 28. Euronext said these new offerings aim to “accelerate the transition to green finance” and respond to the “growing demand for sustainable investment tools from investors and from the market”. The two indices will invest solely in companies within the Europe 500 index and the Eurozone 300 index that have Science Based Targets initiative  approved emissions reduction targets. Euronext added that the indices are “designed to facilitate the adoption of mainstream ESG investment approaches by institutional and private investors while providing a strong focus on climate change considerations”. Stéphane Boujnah, CEO at Euronext, said: “The launch of the Euronext Europe SBT 1.5° and Euronext Eurozone SBT 1.5° indices is a first major step towards expanding the family of Euronext’s climate indices. These new climate indices are also a strong contribution 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.” 

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