CIC Market Solutions and Euronext are pleased to announce the launch of the new Euronext® Biodiversité Climat Conviction PAB index. The selection of the companies that make up the index is based not only on financial performance, but also on their decarbonisation trajectories in line with the +1.5°C target of the Paris Agreement and on criteria related to the protection of biodiversity.
The Euronext® Biodiversité Climat Conviction PAB index is the result of a joint development between the Index experts of the Euronext and CIC Market Solutions – Investment Solutions teams, the structured products business centre of Crédit Industriel et Commercial, a subsidiary of Crédit Mutuel Alliance Fédérale.
This innovative solution aims to be at the intersection of climate action and biodiversity protection: two interdependent themes with an intrinsically linked fate. Its criteria are to align with the +1.5°C target of the Paris Agreement, to focus on companies with a neutral or positive impact on biodiversity and with ambitious decarbonisation trajectories: -7% CO₂ per year, 50% less emissions compared to market benchmarks.
In this way, the companies making up the index will deliver the financial performance sought by clients in accordance with their convictions. These convictions are also aligned with Crédit Mutuel Alliance Fédérale’s sector policies and values.
Franck Yange, Head of Investment Solutions, said: “We want to thank Euronext and its teams for this collaboration, which underpinned the launch of this new index. We believe that financial performance must be combined with the reduction by the companies making up the index of their adverse impact on their environment. The combination of this index underlying our issues, together with the signature of the CIC, will make it a more virtuous instrument aligned with the convictions of our group and our clients.”
Tim Rohkemper, Head of Indices at Euronext, said: “This launch marks a new chapter in our partnership with CIC Market Solutions. Together, we are advancing sustainable investment with a shared commitment to aligning financial markets with climate action and biodiversity protection. We are very pleased to deepen our collaboration and promote responsible investment together.”