Paris – 27th November 2014 – Euronext, the primary exchange in the Euro zone, and Vigeo have completed their biannual review of the Euronext-Vigeo index range.
The Euronext-Vigeo index range is composed of the following seven indices:
- Euronext-Vigeo France 20,
- Euronext-Vigeo UK 20,
- Euronext-Vigeo Benelux 20,
- Euronext-Vigeo US 50,
- Euronext-Vigeo Eurozone 120,
- Euronext-Vigeo Europe 120,
- Euronext-Vigeo World 120.
Index components are reviewed and updated twice a year, in May and in November. For a full list of component stocks, visit Vigeo’s website.
Decisions made today will take effect in the trading session starting Monday, 1st December 2014.
The November 2014 update of the Euronext-Vigeo index range includes 30 new component companies selected from a field of over 2,000. A total of 37 companies were removed from the range.
Methodology
New component stocks are those awarded the highest overall scores by Vigeo. These include top ratings for companies' ability to master risks related to social responsibility and deploy strong commitments in support of sustainable development. Vigeo's assessment model rates each company on nearly 330 indicators. No sectors are excluded per se.
However following a decision by Vigeo's methodology team, companies that that are the subject of controversy on critical issues involving social responsibility and that do not supply comprehensive public information on corrective measures taken or discussions they may have entered into with stakeholders regarding such controversies, are excluded.
Companies’ weighting in the index, calculated by Euronext, is proportional to the rating assigned to them by Vigeo. This represents an alternative approach to traditional methods based on market capitalization. It allows for positive discrimination in favour of those listed companies—most of which operate internationally—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, governance, business ethics and contributions to economic development and social progress in relevant areas