Euronext - 2020 Universal Registration Document
Euronext, a Sustainable Exchange
Euronext’s Five ESG Impact Areas and the Sustainable Development Goals
Euronext also contributed to the UNGC Blue Bond Reference Paper, with the scope of identifying opportunities to use the ESG bond market to secure capital for ocean-related projects and companies that have made, or are planning to make, a significant contribution
to the UN SDGs especially the Sustainable Development Goal 14 “Life Below Water”. A complete and detailed list of ESG products and services is available in section 3.6 – ESG Dashboard .
3.4.2
OUR PARTNERS
Key Issues: n be the spokesperson of the sector and foster “Issuer-Investor” dialogue; n maintain an ongoing dialogue with multi-stakeholder partnerships; n educate our partners on financial literacy and regulations.
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Ensure sustainable consumption and production patterns. As a stock exchange, Euronext can play a key role in providing guidance and training for companies and in strengthening listing requirements. By focusing on these actions, exchanges play a vital role in achieving this SDG and in ensuring transparency in their markets.
Strengthen the means of implementation and revitalize the global partnership for sustainable development. As a stock exchange Euronext has always played a key role in bringing stakeholders together, and now more than ever they will be pivotal players in achieving global efforts. By being an Official Partner of SSE, Euronext is already making its mark in this area.
3.4.2.1 Be the Spokesperson of the Sector and Fostering Issuer-Investor Dialogue A central element of Euronext’s work involves engagement with all actors within our ecosystems. Alongside customers, be they issuers, investors and intermediaries, Euronext also engages with policymakers and regulators with a view to contribute to the development of the regulatory framework which governs Euronexts’ activities. This engagement focuses on both the EU institutions, namely the Commission, Parliament and Member States in Council, as well as all relevant authorities in the Euronext jurisdictions. Euronext engages with public authorities and policymakers on regulatory and policy issues that impact the financial sector and its stakeholders. As a result of the European Commission’s Action Plan on Financing Sustainable Growth and the European Green Deal, a number of legislative proposals have been agreed on which aim to incentivize investments in sustainable activities. The agreements were reached on: n sustainable disclosure obligations for institutional investors; n a Taxonomy defining the sustainability of investments; n changes to the Benchmark Regulation to enhance harmonised transparency on EU Climate Transition and EU Paris-aligned Benchmarks. With ambitious application dates, the focus will now shift towards their implementation and the development of Level 2 legislation to further detail the requirements expected from financial market participants. With Multi-Stakeholder Partnerships Euronext’s commitment is also complemented by maintaining a dialogue with all its stakeholders including at national level, namely its clients and suppliers. Euronext is also member of different trade associations, notably FESE at European level, as well as via various national associations. 3.4.2.2 Maintain an Ongoing Dialogue
Advisory Committees In this context, since 2014, each subsidiary exchange of the Group has one or more exchange committees (“Advisory Committees”) consisting of external stakeholders, to advise and assist the local Managing Board in a non-binding, advisory capacity on new products and market developments. These committees discuss strategic issues at the local level, being the operational and technical issues linked to the business areas (Cash/Derivatives/ Listing). It is also expected that Committee participants propose new ideas and be active in raising topics or issues that fall within the scope of the Committee. The Advisory Committees are consulted on issues of major interest to Euronext users (i.e. issuers, investors and other interested parties), where products and services might be developed to meet users’ needs. Euronext commits to listening to the opinions of each Committee and taking these into account in its decision-making process insofar as possible, in the interests of both the Company and its shareholders. Clients Euronext continues to reinforce its business integrity by striving to improve the services it provides, making responsible business decisions, and actively managing the social and environmental impacts of its actions to help individuals, communities, businesses and economies progress and grow. Euronext is a leading service provider for issuers, investors, intermediaries and technology data vendors. The Product and Sales teams, the Issuer-Client Coverage Group, the Market Supervision team and the Technology department provide competent care in the relationship management across all of the Group’s customers. Working across different Euronext teams, an ESG tracker has been introduced to systematically develop relationships and record client engagement with a focus on ESG: n over 130 companies identified; n close to 300 contacts buy side and sell side: n 50% of Banks and Brokers (Institutional and Retail brokers), n 50% of asset managers and Pension Funds;
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2020 UNIVERSAL REGISTRATION DOCUMENT
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