By Luigi Serenelli2020-12-11T12:12:00+00:00
Companies listed on the French CAC40 stock index have performed better in terms of environmental impact than firms listed on the German DAX index, according to an environmental, social and governance (ESG) impact review conducted by credit rating agency Scope.
The average environmental score calculated for companies on the CAC40 index was 6.5 out of 10, which represented the best mark for ESG impact, compared to 6.3 for the DAX.
The average ESG impact score for largest companies by market capitalisation on both indexes was 6.9.
The DAX excelled on other criteria that measure sustainability, with an average social score of 7.0 compared to 6.6 for the Paris-listed stocks, and 7.6 for governance compared to 6.6 for the CAC40.