Half-year review Euronext Vigeo Eiris ESG indices
Paris – November 22nd, 2018 – Euronext, the leading pan-European exchange in the Eurozone, and Vigeo Eiris have completed their half-year review of their index range.
The Euronext-Vigeo Eiris index range is composed of the following seven indices:
-Euronext-Vigeo France 20
-Euronext-Vigeo UK 20
-Euronext-Vigeo Benelux 20
-Euronext-Vigeo US 50
-Euronext-Vigeo Eurozone 120
-Euronext-Vigeo Europe 120
-Euronext-Vigeo World 120
Index components are reviewed and updated twice a year, in June and in December. Full details are shown in the appended tables and on Vigeo Eiris website. Decisions made today will take effect in the trading session starting Monday, December 3rd, 2018.
This latest update of this index range includes 39 new component companies. A total of 35 companies were removed from the range.
New component stocks are those awarded the highest overall scores by the Vigeo Eiris agency, using the Equitics® methodology. These include top ratings for companies’ ability to master risks related to social responsibility and deploy strong commitments in support of sustainable development. Vigeo’s assessment model rates each company on nearly 330 indicators. No sectors are excluded per se.
However following a decision by the Indices Committee, companies that are the subject of controversy on critical issues involving social responsibility and that do not supply comprehensive public information on corrective measures taken or discussions they may have entered into with stakeholders regarding such controversies, are excluded.
Companies’ weighting in the index, calculated by Euronext, is correlated with the rating assigned by the Vigeo Eiris agency. This represents an alternative approach to traditional methods based on float. It allows for positive discrimination in favour of those listed companies—most of which operate internationally—that are the most actively engaged in promoting compliance with universal public standards, particularly in the field of human rights, decent employment practices, environmental protection, governance, business ethics and contributions to economic development and social progress in relevant areas.
Keywords : Indices