Nexans has been selected to join the CAC SBT 1.5° index, a new climate-focused version of the CAC 40 index launched by stock exchange operator Euronext in January 2023.
The launch of this new index salutes the voluntary approach of companies that have signed up to ambitious and specific emissions reduction targets and whose decarbonization trajectory is recognized as aligned with the Paris Climate Agreement.
The CAC SBT 1.5° currently includes 38 companies within the SBF 120 that have defined clear greenhouse gas emission reduction targets, approved by the Science Based Targets initiative (SBTi).
Nexans, already fully aware of its responsibility for sustainable electrification, committed to reduce absolute scope 1 and 2 GHG emissions by 46.2% by 2030 compared to the 2019 baseline year and to reduce absolute scope 3 GHG emissions by 24% by 2030 compared to the 2019 baseline year.
Nexans’ inclusion in the SBT 1.5° index is a further recognition of the decarbonization efforts undertaken by the Group, and of the seriousness of its approach, reviewed by the SBTi in April 2022. Nexans’ carbon reduction objectives cover all scopes, and the entire electrification value chain: from raw materials, industrial and logistics processes to products and services offered to customers, both in terms of carbon content and carbon emissions related to product use.
VP Sustainability, Nexans
Euronext will rely on the SBTi methodology, the leading label to assess companies’ greenhouse gas emission reduction commitments. This is a first for a stock exchange operator, which wishes to continue to support the demand for climate-friendly investment solutions.
The index was launched with the support of Amundi, CDP (Carbon Disclosure Project) and SBTi.
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