Rexel Selected for Inclusion in CAC 40 ESG Index

EIN Rexel logo 400

September 30, 2022

Rexel has been selected for inclusion in Euronext’s CAC 40 ESG index from Friday 16th September, after market close. The index groups the French companies among those figuring in the CAC Large 60 that demonstrate best practices in environmental, social and governance (ESG) issues.

Inclusion in this index is a recognition of Rexel’s longstanding commitment to sustainable development, which is at the heart of its strategy. As a distributor of electrical supplies, Rexel notably plays a key role in the electrification and energy transition, both in its own activities and by supporting its customers to implement energy efficiency solutions and accelerate the promotion of green products and services. More particularly, in close relationship with suppliers, Rexel brings expertise and solutions to its customers in markets such as HVAC, solar energy, electric vehicles and industrial automation to lower energy costs and reduce CO2 emissions.

For more than 15 years, Rexel has been committed to a sustainable approach in ESG. On the environmental front, this has resulted in ambitious objectives, presented at our last Capital Markets Day in June. Rexel set itself the target of reducing its absolute greenhouse gas (GHG) emissions by 60% for scopes 1 and 2 and 45% for scope 3 by 2030. These targets, set in relation to 2016, have been validated by the Science Based Targets initiative (SBTi) Net-Zero Standard, and part of the Group’s funding is linked to the achievement of environmental targets. In addition, the Group has also included ESG criteria in the variable compensation of management, notably on targets related to climate, diversity across the organization and for the leadership team, ethics, reduction in workplace accidents and stakeholder engagement.

A signatory of the United Nations Global Compact since 2011, Rexel is already included in a number of ESG indices, including FTSE4Good, Dow Jones, Sustainability Index Europe, Euronext Vigeo Europe 120 and Eurozone 120, as well as the STOXX® Global ESG Environmental Leaders. Its extra-financial performance is also recognized by the main rating agencies such as MSCI, CDP Climate Change, EcoVadis, Sustainalytics and the S&P Global Sustainability Yearbook 2022.

Source

 

 

Related Articles


Latest Articles


Changing Scene

  • Have your Say on the Proposed Regulations for the NWT Builders’ Lien Act

    Have your Say on the Proposed Regulations for the NWT Builders’ Lien Act

    February 14, 2025 The GNWT is modernizing the legal framework for construction liens. In 2023, the Builders’ Lien Act was enacted to replace the Mechanics Lien Act. The new legislation was put in place to address modern construction practices. It sets out the legal processes, systems, rights, and remedies for parties involved in construction disputes.  The GNWT… Read More…

  • Federal Government Investing in Skilled Trades Training for Atlantic Canada

    Federal Government Investing in Skilled Trades Training for Atlantic Canada

    February 14, 2025 Canada is building more homes, bridges and key infrastructure than at any point in recent history. That requires skilled workers in communities across the country, including in the Atlantic provinces. To encourage more people to join the skilled trades, to build the homes Canadians expect and the resilient economy this moment demands,… Read More…

  • Nova Scotia Power Holding Open Houses to Discuss Modernizing the Electrical Inspections Process

    Nova Scotia Power Holding Open Houses to Discuss Modernizing the Electrical Inspections Process

    February 14, 2025 As Nova Scotia continues to experience unprecedented building growth, it’s the perfect time to review and improve the electrical inspection process—with safety as the top priority. Nova Scotia Power and the Department of Labour, Skills, and Immigration are coming together to explore new opportunities—including risk-based electrical inspections—to ensure the process remains safe,… Read More…

  • Alberta EV Tax Begins February 13th

    Alberta EV Tax Begins February 13th

    February 14, 2025 Starting Thursday, Feb. 13, Albertans will be charged a $200 tax when they register their electric vehicles. This amount is in line with what drivers of a typical internal combustion engine vehicle would be expected to pay each year in fuel tax. The tax will be collected by registry agents, and online… Read More…