European market infrastructure provider Euronext announced in its press release of 11 July 2023 the launch of two new indices investing solely in companies with climate goals approved by the Science Based Targets initiative (SBTi) as in line with the 1.5°C goal of the Paris Agreement.

The new indices, the Euronext Europe SBT 1.5° and the Euronext Eurozone SBT 1.5°, follow on from the launch of CAC SBT 1.5° earlier this year, and are the company’s 27th and 28th climate indices. The new indices will only track companies within the Europe 500 and the Eurozone 300 indices, respectively, while exclusively targeting companies with clear emissions reduction targets validated by the SBTi, in addition to applying exclusions for areas such as unconventional oil & gas, coal, controversial weapons and tobacco activities.