Aperam to join BEL 20 index, Euronext says

Euronext has announced that Aperam will be included in its BEL® ESG stock market index, effective following the annual review process according to company announcement. This decision reflects the company's alignment with ESG (Environmental, Social, and Governance) criteria, which the index prioritizes to represent sustainable and responsible investing opportunities. The inclusion becomes operational as part of Euronext's ongoing efforts to enhance the relevance of its indices for investors seeking ESG-focused portfolios as detailed in the index methodology.

Aperam, a European leader in specialty steel, recently published its Half Year Report for 2023, highlighting its performance in a challenging economic environment according to the company's report. The company reported resilience in its operations during the second quarter of 2023, despite recessionary pressures in Europe. While specific financial details related to the index inclusion were not disclosed, the move is expected to increase Aperam's visibility among institutional investors prioritizing ESG integration.

Euronext's BEL® ESG index aims to track the performance of companies listed on Euronext Brussels that demonstrate strong ESG practices. Aperam's inclusion underscores its commitment to sustainability initiatives, including decarbonization efforts and responsible resource management, as outlined in its corporate disclosures. Investors are advised to review Aperam's recent financial reports and Euronext's index methodology for further context as referenced in the index documentationand company announcement.

This development follows Euronext's broader strategy to expand its ESG index offerings, aligning with global trends in sustainable finance. No additional details regarding the review process or future adjustments were provided in the available materials.