Euronext // 2021 Universal Registration Document

Empower Sustainable Finance

Euronext’s five ESG Impact Areas and the Sustainable Development Goals

FIG 4: ESG BONDS LISTED PER ISSUER TYPE Issuer types listed on Euronext include government, supranational, corporate, financial, sovereign and ABS issuers. Government issuers account for the largest issuance amount with €256 billion outstanding issuance amount followed by supranational with €180 billion outstanding issuance amount. France Emprunt d’État is Euronext’s largest green bond issuer with over €34 billion in issuance outstanding and listed on Euronext Paris. Euronext ESG bonds listed by corporates include Acciona, ENEL, ENGIE and SNAM. Financial issuers include BBVA, ING, KBC, BPCE, Société Générale and BNP Paribas. Government issuance is predominantly French and includes the regions “Ile de France”, Ville de Paris, Region Wallonne, Agence FSE de Dévelopement, SNCF Réseau, RATP, Société du Grand Paris and EDF. Vasakronan is a Swedish government entity and is Euronext’s most frequent issuer with 97 bonds listed in both Dublin and Oslo. Asset-backed security (“ABS”) issuance grew significantly in 2021 with issuance amount of €9.3 billion compared to €0.5 billion in 2020.

100 150 200 250 300 350 400 450 500

350,000

Issuance amount

Nb of bonds

300,000

250,000

200,000

150,000

100,000

50,000

0 50

0

3

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

FIG 2: ESG BOND ISSUANCE ON EURONEXT MARKETS FROM 2012 TO 2021 ESG Bond issuance listed on Euronext markets totalled €298 billion through 2021, this represents a 44% increase on the €206 billion listed through 2020. The number of ESG bonds listed through 2021 also increased from 258 bonds in 2020 to 459 in 2021 - up 78%.

COMPETITOR ANALYSIS

343

150,686 329 bonds

Issuance amount

160,000

140,000

198

120,000

97 bonds 100,730

100,000

108

80,000

60,000

Euronext

Luxembourg

London

40,000

53 bonds

34 bonds 22,438

23,048

20,000

2 bonds

FIG 5: NUMBER OF ESG BOND ISSUERS LISTED (SOURCE: REFINITIV) The main competition for Euronext in the ESG bond listing space comes from the Luxembourg and London stock exchanges. As at end 2021, Euronext is the leading stock exchange in Europe for both the number of issuers with ESG bonds listed and the outstanding issuance amount of ESG bonds listed on each stock exchange. There were 343 separate issuers with ESG bonds listed on Euronext markets at the end of 2021 which compares favourably with the 198 on Luxembourg and 108 in London. Euronext is also the leading stock exchange for the listing of green bonds. At the end of 2021 there was €398 billion in outstanding issuance listed on Euronext markets versus €247 billion listed in Luxembourg and €74 billion listed in London. A.5 ESG Commodities Contribution The commodity sector is an important contributor to the global ESG agenda and in particular with regard to the sustainability criteria for the realisation of the transition. Euronext has a special position in the agricultural ecosystem in Europe. It serves the real economy by offering hedging tools to the whole industry and the supply chain to manage better their price risk exposure inherent to the agricultural sector. Its corn and rapeseed contracts are non-GMO since 2003.

1,000

0

Green

Social

Sustainability-Linked Sustainability

Transition

FIG 3: EURONEXT 2021 LISTINGS PER ESG BOND TYPE, IN € MILLION There was a 77% increase in social bond listings in 2021 with 53 bonds listed compared to 30 bonds in 2020. The trend to list green bonds continues with 71% increase in green bonds listings in 2021 with 329 green bonds listed vs 192 in 2020. Euronext’s dependence on green bond issuance now forms 78% of total issuance down from 86% at end 2019.

250,000 200,000

50,000 100,000 150,000

in € bn 0

Government

Supranational

Corporate

Financial

ABS

Sovereign

83

2021 UNIVERSAL REGISTRATION DOCUMENT