At the June 2022 rebalancing, the Green Revenues adjustment section of the Scientific Beta Climate Impact Consistent (CIC) index methodology will be updated to explicitly account for revenues deriving from activities that are assessed as making a "substantial contribution" to the climate change mitigation and adaptation objectives of the European Union sustainable investment framework (EU Taxonomy). This webinar presents the benefits of this update, describes its implementation, and discusses data issues of relevance to further refinement of the CIC methodology.
Overview
The Scientific Beta family of Climate Impact Consistent (CIC) indices weights stocks according to their climate performance in a manner that incentivises both the reduction of negative impact approached through greenhouse gas (GHG) emissions and the development of positive impact approached through revenues from activities that contribute to climate change mitigation or adaptation (Green Revenues).
Effective with the June 2022 rebalancing, the Green Revenues adjustment section of the CIC index methodology will be updated to explicitly account for revenues deriving from activities that are assessed as making a "substantial contribution" to the climate change mitigation and adaptation objectives of the European Union sustainable investment framework (EU Taxonomy), except where those activities are found to be associated with significant environmental harm or to be at odds with ESG norms.
This webinar presents the benefits of this update, describes its implementation, and discusses data issues of relevance to further refinement of the CIC methodology.
Hosts
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 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:
Tuesday 26 April, 2022 at 10.00am CEST.