Euronext CEO Says ‘Energy, Security, Geopolitics’ Is New ESG (1)

The urgent need to boost defense spending amid rising global tensions is giving rise to a new brand of “ESG” principles, according to Stephane Boujnah, chief executive officer at Euronext.

ESG, shorthand for environmental, social and governance-based finance, has exploded in popularity over the past decade, largely in response to climate change. But the outbreak of war in Europe and the subsequent rush to diversify the bloc’s energy sources away from Russian gas has highlighted other areas in need of investment.

Stephane Boujnah

Photographer: Nathan Laine/Bloomberg

“The switch from ESG as we know it to ESG — energy, security, geopolitics — is happening ...