Euronext's “New ESG Redefining Sustainability Through Energy, Security, And Geostrategy

In May 2025, Euronext introduced a radical redefinition of ESG investing by launching a new framework grounded in Energy, Security, and Geostrategy . This "New ESG" responds to Europe’s urgent need to reinforce its strategic autonomy amid deteriorating geopolitical conditions. As Stéphane Boujnah, Euronext’s CEO, stated, the shift reflects the emergence of a new geopolitical order and a recognition that capital markets must be aligned with Europe's values, interests, and resilience imperatives. Through this initiative, Euronext offers a suite of financial tools to help European aerospace, defence, and energy companies secure financing, gain visibility, and attract a broader investor base.

The program includes thematic indices, tailored equity financing schemes, revised ESG methodologies, and a new bond segment, aiming to bridge the gap between strategic needs and capital flows. At the core of this transformation lies a new series of thematic indices designed to channel investments toward companies that contribute to Europe's autonomy. Three flagship indices were launched: the European Energy Security Index , the European Aerospace & Defence Index , and the European Strategic Autonomy Index . Each index targets a specific pillar of Europe's security architecture.

The energy index includes firms in nuclear, renewable, and critical infrastructure sectors. The security index focuses on aerospace and defence technology innovators. The geostrategy index captures broader strategic independence contributors across sectors including defence, energy, and advanced manufacturing. These indices are designed not only as benchmarks but as investment products in collaboration with banks and asset managers.

By providing structured exposure to essential industries, Euronext’s indices mark a turning point in integrating financial instruments with the continent’s industrial sovereignty goals. Euronext is also overhauling its ESG screening methodologies for its major blue-chip indices, such as the CAC 40 ESG® and MIB ESG® indices.