Nexans has been selected to join the CAC SBT 1.5° index, a new climate-focused version of the CAC 40 index launched by stock exchange operator Euronext in January 2023.
The launch of this new index salutes the voluntary approach of companies that have signed up to ambitious and specific emissions reduction targets and whose decarbonization trajectory is recognized as aligned with the Paris Climate Agreement.
The CAC SBT 1.5° currently includes 38 companies within the SBF 120 that have defined clear greenhouse gas emission reduction targets, approved by the Science Based Targets initiative (SBTi).
Nexans, already fully aware of its responsibility for sustainable electrification, committed to reduce absolute scope 1 and 2 GHG emissions by 46.2% by 2030 compared to the 2019 baseline year and to reduce absolute scope 3 GHG emissions by 24% by 2030 compared to the 2019 baseline year.
Nexans’ inclusion in the SBT 1.5° index is a further recognition of the decarbonization efforts undertaken by the Group, and of the seriousness of its approach, reviewed by the SBTi in April 2022. Nexans’ carbon reduction objectives cover all scopes, and the entire electrification value chain: from raw materials, industrial and logistics processes to products and services offered to customers, both in terms of carbon content and carbon emissions related to product use.
VP Sustainability, Nexans
Euronext will rely on the SBTi methodology, the leading label to assess companies’ greenhouse gas emission reduction commitments. This is a first for a stock exchange operator, which wishes to continue to support the demand for climate-friendly investment solutions.
The index was launched with the support of Amundi, CDP (Carbon Disclosure Project) and SBTi.
Latest news
Innovation
18 October 2024
On October 17, 2024, Nexans hosted a major immersive event dedicated to electrification and innovation at the Atelier des Lumières. During an exclusive evening in the heart of a unique, immersive venue, Nexans teams welcomed 160 guests including power utilities, distributor partners, major installers, institutional guests and Nexans employees.
Innovation
16 October 2024
Nexans has achieved significant recognition at the Australian Good Design Awards, where two of its products, MOBIWAY BOOST and MOBIWAY UN’REEL, were awarded for their excellence in design and innovation. The awards, announced on September 20th at a ceremony in Sydney, spotlighted Nexans’ commitment to advancing technology and safety in the electrification industry.
Sponsorship
10 October 2024
A groundbreaking study on marine pollution was presented on October 1st at Nexans’ innovation center, AmpaCity, in Lyon, born from a novel partnership between the scientific world and industry. United around Fabrice Amédéo, researchers unveiled unprecedented results obtained thanks to a cutting-edge sensor deployed during the 2020 Vendée Globe. This unique campaign revealed the omnipresence of microplastics in the ocean, their diversity, and the explosion in the number of small microplastics, as well as the presence of cellulose fibers.