The third and final webinar in the "Climate Change: The Devil is in the Details" series looks at the limitations of traditional ESG scores in the context of climate change with specific emphasis on the issue of rating divergence and misalignment of environmental scores with climate change issues.
Overview
Webinar 3 of the "Climate Change: The Devil is in the Details" series
As part of its webinar series on "Climate Change: The Devil is in the Details", Scientific Beta is very pleased to present a series of three webinars.
Portfolio-level ESG scores are typically computed as weighted averages of constituent-level scores which translate assessments across a host of criteria into one convenient number.
The third and final webinar of the series looks at the limitations of traditional ESG scores in the context of climate change with specific emphasis on the issue of rating divergence and misalignment of environmental scores with climate change issues. It also sheds light on the risks involved with the use of portfolio averages as a goal or constraint in portfolio construction.
Finally, it shows how norms-based negative filtering and positive filtering or weighting on the basis of convergent and specific data can guide the construction of climate positive strategies.
Hosts
Erik Christiansen, ESG & Low Carbon Solutions Specialist, Scientific Beta
Erik Christiansen is an ESG & Low Carbon Solutions Specialist with Scientific Beta. He was previously Head of Investment Strategy with the Etablissement de Retraite Additionnelle de la Fonction Publique (ERAFP), the mandatory pension scheme for French civil servants, where he was responsible for implementing the equity and ESG strategies. He has also previously worked as a Methodology Coordinator and Analyst at Vigeo Eiris, the ESG rating agency. Erik holds a Master’s degree in Management from the ESCP Business School and is a CFA charterholder.
Frédéric Ducoulombier, ESG Director, Scientific Beta
Frédéric Ducoulombier is ESG Director at Scientific Beta. From 2015 to 2019, he was in charge of risk and compliance for Scientific Beta having previously served EDHEC Business School’s risk and investment management research centre for 10 years as the founding Director of EDHEC-Risk Institute’s executive education arm and of EDHEC Risk Institute–Asia. At EDHEC, he also taught economics and finance, managed graduate programmes and served as Deputy Associate Dean of Graduate Studies and Deputy Associate Dean of Research and Development. His research and advocacy work has focused on the purported risks of exchange traded funds, the governance and transparency of financial indices, non-financial risks in the fund management industry, smart beta and factor investing and the integration of environmental, social and governance criteria into investment. He was a member of the Consultative Working Group of the ESMA Financial Innovation Standing Committee from February 2015 to January 2017.
Date/Time