Paris – 27 November 2014– Euronext, the Euro zone’s leading exchange, today announced that Pascal Canfin will chair the Expert Committee of the Low Carbon 100 Europe Index®.
A former French Deputy Minister for Development, Pascal Canfin is the lead advisor on international climate issues at the World Resources Institute (WRI), now contributing to preparations for COP 21, the 21st Conference of the Parties on Climate Change 2015.
Launched in 2008, the Low Carbon 100 Europe Index® measures the performance of Europe's 100 largest blue chips with the lowest CO2 emissions in their respective sectors or sub-sectors.
The Expert Committee’s membership includes specialists from NGOs, academia and the financial community. Their mission is to keep the methodology for selecting indexed companies on the cutting edge, making the Low Carbon 100 Europe Index® an increasingly efficient tool that factors in the constraints affecting CO2 emissions.
“I accepted Euronext Paris's invitation to chair this Expert Committee because the Low Carbon 100 Europe Index® takes a pioneering approach to governance, including both NGOs and public partners such as CDC Climat and Ademe,”said Pascal Canfin, new chair of the Expert Committee.“The Index itself is an important resource for changing investor practices and bringing them gradually into line with a low-carbon economy—which in turn will help us fight climate change more effectively.”
“We are delighted to welcome Pascal Canfin as the new chair of the Low Carbon 100 Europe Index® Expert Committee,” added Anthony Attia, CEO of Euronext Paris. “In 2008 Euronext became the first exchange to launch a pan-European CO2 emissions index, designed with support from a group of international experts and in close partnership with NGOs. Mr Canfin’s appointment underscores our commitment to offering investors an increasingly relevant benchmark for portfolio management, along with an underlying reference for a wide range of index products.”