Euronext Paris

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Euronext Paris

Name Euronext Paris
Country France
Number of listed companies 795
Domestic market capitalization 4580000 million US$
SSE Partner Exchange Yes
Has annual sustainability report Yes

  • There is a chapter in the annual report dedicated to sustainability activities, find all reports here.
ESG reporting required as a listing rule Yes

  • The European directive on non-financial information reporting (NFRD) has been implemented into the French legal environment (source).
  • Moreover,
    • The Grenelle II Act of 2010 makes CSR reporting mandatory as part of annual reporting for all large companies doing business in France.
    • Euronext Paris supports and implements ESMA’s and National Competent Authorities stringent rules with regards to governance among its community of listed companies.
Has written guidance on ESG reporting Yes
Offers ESG related training Yes

Through the Euronext Academy, see more details here.

Market covered by sustainability-related index Yes

  • See the list of indices on the Euronext website here. ESG/ISR indices fall under the tab “theme indices”. This list is automatically updated.
Has sustainability bond listing segment Yes

  • Euronext ESG Bonds is a community of ESG bond issuers where green, sustainability, social, blue and sustainability-linked bonds listed on all Euronext locations are consolidated onto one highly visible area. Details of the securities here.
Has SME listing platform Yes

  • Euronext Growth, Euronext Access, Euronext Access+. More information here.
Women on boards mandatory minimum rule Yes
Additional information
Euronext supports climate friendly innovations by financing Cleantech SME’s benefitting from major Euronext initiatives:

  • TechShare: 27 Cleantech have followed the program on how to leverage capital markets.
  • Tech40 Index: 10% of this increasingly important index is made up of Cleantech SME’s.
  • Morningstar: the program fully covers the scope of Cleantech SME issuers (55).
Organizational model of stock exchange
  • Listed company for profit; demutualized in 2000.
Regulatory bodies

Regulatory model
Government (Statutory) Model

  • The Markets in Financial Instruments Directive (MiFID) classifies Euronext’s European cash markets as a regulated market. As such, the real-time monitoring performed by Euronext’s cash market operations and technical support is formally enforced, and our trading rules and procedures are approved by our four regulators. This regulatory and organizational system gives Euronext the power to efficiently manage crisis situations and extraordinary circumstances. Some of the markets organized by Euronext are exchange regulated, which means they are subject to a body of rules laid down by the market operator, Euronext. They are not regulated markets as defined by the Markets in Financial Instruments Directive (MiFID). These structured, exchange regulated markets offer simplified access to financial markets and streamlined listing requirements for companies from every sector of the economy, while ensuring compliance with rules on investor disclosure and the control of financial information.  (Source).
About the stock exchange
Location of the listed holding:

  • Paris, France As a market operator, Euronext Paris, which is the market of reference for the Euronext shares, manages the Euronext regulated markets in France. In accordance with Article L.421-10 of the French Monetary and Financial Code, Euronext Paris adopts rules for each of these markets to ensure fair and orderly trading and efficient order execution. The requirements for market access and admission of financial instruments to trading are also covered by these rules, which are approved by the Autorité des Marchés Financiers (“AMF”) and published on the market operator’s website. Euronext Paris markets are subject to the provisions of Article L.421-4 et seq. of the French Monetary and Financial Code, which authorises the French Minister of Economy to confer and revoke regulated market status upon proposal of the AMF, which has to consult with the Autorité de Contrôle Prudentiel et de Résolution (“ACPR”). Euronext is the leading pan-European exchange in the Eurozone, spanning Belgium, France, Ireland, Norway, the Netherlands, Portugal, the UK and Ireland. Created in 2000, it unites markets which date back to the start of the 17th century. It is the primary exchange in the Euro zone with nearly 1,500 listed issuers worth more than €4.5 trillion in market capitalization as of end May 2019, an unmatched blue chip franchise consisting of 20+ issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base.

Criteria for Stock Exchange Database

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.

Field

Criteria Considered
Country Country of primary residence or registration
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include:

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.