Amundi has today confirmed its commitment to facilitate investors’ shift towards responsible investing by transitioning an additional ETF on a flagship equity index into an ESG equivalent.

The Amundi FTSE MIB UCITS ETF recently became the Amundi Italy MIB ESG – UCITS ETF DR and it is now the first ETF tracking the newly created MIB ESG index, developed by Euronext .

The index tracked by the ETF offers exposure to the 40 main Italian stocks which demonstrate strong Environmental, Social and Governance practices among the 60 most liquid Italian companies listed on the Italian Stock Exchange.

It applies norm-based exclusion filters in accordance with the United Nation (UN) Global Compact principles and a negative screening allows to exclude companies involved in controversial business practices . The ETF also aims to deliver an improved weighted carbon intensity compared to its investible universe.

Arnaud Llinas, Head of ETF, Indexing & Smart Beta at Amundi : “Responsible investing is at the heart of Amundi ’s ETF product development strategy, this is why we are delighted to partner again with Euronext and accompany investors in the reorientation of capital towards sustainable portfolios. We believe that issuing ESG equivalent of national blue chip indices is also instrumental to help democratize ESG investing”.