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Market volatility agitates ESG stocks

The volatility on the markets, also had consequences on the ESG front. Negative days on the US markets, had effects on ESG stocks listed in Milan. However, this has not completely compromised the bullish approach of various stocks. Some stocks have taken advantage of this phase of volatility to find new energy to resume an uptrend that had been lost.

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The long wave of selling caused by fears of overheating inflation and by some negative days on the US markets did not spare the ESG stocks listed in Milan. However, that did not completely compromise the bullish approach of several stocks.

Read more about the ESG stocks listed on Piazza Affari and how market volatility influenced them, with our companion app. The Born2Invest mobile app is available for free, for both Android and iOS devices, and keeps its readers up to date with the latest business news in the world.

How market volatility influences ESG stocks


These are sessions marked by flashes of volatility those experienced in the last period by the most sustainable and responsible blue chips of Piazza Affari involved in the trading simulation in ESG securities implemented by the ET Research Department. The long wave triggered by fears for signs of overheating of inflation and by some days of downward pressure on U.S. stock markets, tech stocks, in particular, has not spared the largest ESG stocks listed on the Italian Stock Exchange. However, this has not completely compromised the bullish approach of various stocks.

Among the companies showing an ascending graphical and technical configuration, with new highs since the beginning of the year, there are names such as A2a, Generali, Intesa Sanpaolo, Poste Italiane, Snam, Unicredit, UnipolSai. Some stocks have even taken advantage of this phase of volatility to find new energy to resume an uptrend that had been lost. One of the most evident cases from a graphical point of view is Cnh Industrial, which was followed by Stellantis. However, also the quotations of Eni and Tenaris show a desire to mark new annual tops. Worthy of observation is also the upward restart of Saipem, with an interesting restart signal after being oversold on the Rsi relative strength indicator.

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On the ESG newsflow front, the protagonist among the companies under observation was Unicredit. Two are the most important news. The first concerns the launch of a $9.2 million (€7.5 million) loan in favor of Lati Industria Termoplastici, a Varese-based company operating in the rubber and plastic sector, with ESG-linked rate hedging. Unicredit also announced that it has developed a new system for measuring social impact, Unicredit Social Impact Banking, built together with the think tank Human Foundation.

In fact, it published Eni for 2020, its 15th voluntary sustainability report, which outlines the company’s contribution towards carbon neutrality by 2050. Claudio Descalzi, CEO of Eni, commented on this step: “Eni for shows our commitment to a fair and inclusive energy transition that ensures access to energy for all, while preserving the environment.”

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(Featured image by Pexels via Pixabay)

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First published in ETicaNews, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Daphne Freeman has worked in the crowdfunding and impact investing industry for the past few years, gaining experience in marketing, and connecting businesses and entrepreneurs in need with the right investors. As a seasoned grant writer as well as financial market journalist, she is passionate about making a social impact in the world. A free spirit, Daphne also enjoys writing and exploring topics of interest, currently CBD, health and beauty, and social media influencers.