Vigeo, Euronext’s ESG index targets 70 companies in emerging countries

By Lisa Kerner

Charlotte, N.C., June 22 – Vigeo and Euronext launched a new ESG index, Euronext-Vigeo EM 70, on Monday.

The index “distinguishes 70 companies from a universe of 900 listed companies in developing countries that have the highest performances in corporate responsibility based on their ratings by Vigeo,” according to a news release.

The index allows for positive discrimination in favor of companies 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, corporate governance, business ethics and contributions to social economic development in areas where they operate.

Index components are reviewed and updated twice a year, in June and December, the release said.

The range of Euronext-Vigeo indexes is composed of the following:

• Euronext-Vigeo EM 70, the 70 most advanced companies in emerging countries;

• Euronext-Vigeo France 20, the 20 most advanced French companies;

• Euronext-Vigeo UK 20, the 20 most advanced British companies;

• Euronext-Vigeo Benelux 20, the 20 most advanced Benelux companies;

• Euronext-Vigeo US 50, the 50 most advanced American companies;

• Euronext-Vigeo Eurozone 120, the 120 most advanced companies in the Eurozone;

• Euronext-Vigeo Europe 120, the 120 most advanced European countries; and

• Euronext-Vigeo World 120, the 120 most advanced companies globally.

“This new index is a positive sign in favor of the globalization of principals and indicators defining governance and responsible management,” said Fouad Benseddik, director of methodology at Vigeo.

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