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Euronext, the leading pan-European market infrastructure, is proud to announce today its inclusion into the CAC SBT 1.5° Index following the quarterly review of the index.
The CAC SBT 1.5°, launched earlier this year1, solely comprises companies within the SBF 120 Index that have emission reduction targets approved to be in line with the 1.5° goal of the Paris Agreement.
The integration in the index follows the validation of Euronext’s climate targets by the Science-Based Targets initiative (SBTi) and testifies Euronext’s commitment to significantly reduce its emissions across its entire value chain, as part of its “Fit for 1.5°” commitment, a key pillar of “Growth for Impact 2024” strategic plan.
In February 2023, Euronext announced the validation by SBTi of its emission reduction targets:
- By 2030, Euronext will reduce its Scope 1 and Scope 2 market-based greenhouse gas emissions by 73.5% compared to 2020;
- By 2030, Euronext will reduce its Scope 3 business travel emissions by at least 46.2% compared to 2019;
- By 2027, Euronext suppliers, representing 72% of Euronext’s greenhouse gas emissions derived from purchased goods and services, must set targets on their Scope 1 and Scope 2 emissions.
Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext, commented:
“The inclusion of Euronext into the CAC SBT 1.5° today demonstrates once again our commitment to taking climate action, with clear and measurable targets. Following our Fit for 1.5° commitment announced in November 2021, we have made significant steps, the key one being the validation by SBTi of our ambitious climate targets last February. We are proud to join the companies included in the CAC SBT 1.5° index, that helps investors direct their investment towards sustainable and committed projects.“
