First ESG blue-chip index launched in
The index combines measurement of economic performance with ESG impacts, in line with the
Euronext is partnering with V.E, part of Moody's ESG Solutions, to power this second national ESG blue-chip index1
Euronext today announced the launch of its new MIB ESG Index1, (gross return Bloomberg code: MIBESG), the first Italian blue-chip Environmental, Social and Governance (ESG) index designed to identify major listed Italian issuers that demonstrate best ESG practices. The MIB ESG is Euronext's second national ESG index, after the CAC40 ESG launched in
The MIB ESG index combines measurement of economic performance with ESG considerations, in line with the
The index's methodology reflects a ranking of the top 40 Italian listed companies based on ESG criteria. The selection is made out of the 60 most liquid Italian companies and excluding companies involved in activities which are not compatible with ESG investment. Components of the index are free-float market capitalisation weighted. The composition of the index is revised quarterly to integrate companies whose ESG performance has improved sufficiently since the previous review.
Developed following an intense consultation with the Italian financial community, the methodology will evolve to integrate new EU regulations and ESG standards as they emerge.
Next Index Review:
Annexes:
1 Euronext launched in
2 For more information on the composition of the index and the methodology, see live.euronext.com. Alongside the MIB ESG index (ticker code MIBESG) calculated based on price return, Euronext has introduced the MIB ESG GR (ticker code MIBESGGR) calculated based on gross return, with dividend reinvested and the MIB ESG GR (ticker code MIBESGNR), based on net return, with the dividend minus tax reinvested. 3 The
Download press release - MIB ESG Index
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