Euronext has launched a digital tool, a biodiversity index, a foundation and educational guides with a view to accelerating sustainable finance transition.
The European stock exchange and market infrastructure provider unveiled these ESG initiatives at the Euronext Sustainability Week currently being held in Milan.
“My ESG Profile” is a digital tool that allows issuers to showcase their sustainability efforts while helping investors access relevant ESG data. The company said it will act as a centralised hub for ESG data for issuers listed on Euronext exchanges.
Next, the company introduced the “Euronext Biodiversity Enablers Index” comprising two metrics: a dependency exposure score identifies companies highly reliant on biodiversity-related revenues, while a biodiversity avoided impact metric identifies companies excelling in biodiversity and environmental impact practices.
Euronext said it will “strengthen” ESG content in pre-IPO programs with new modules in collaboration with partners, starting in 2024. It released an ESG pre-IPO guide providing an overview of investor expectations on corporates’ ESG maturity during the IPO process – in collaboration with the Paris Institute for Sustainable Finance.
The organisation also revealed plans to launch new training programmes to help listed companies handle the intricacies of ESG reporting and responsible sourcing.
The “Euronext Foundation” will support local sustainable initiatives in financial literacy, diversity, inclusion, and marine resources across Europe, said the organisation.
Stéphane Boujnah, CEO and chairman of the managing board of Euronext N.V., said: “As advocates of the Corporate Sustainability Reporting Directive, we believe that the shift towards sustainable finance relies on improved extra-financial standards and more precise, regulated and granular ESG criteria.”
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