Scientific Beta

AdviserVoice: "Daniel Aguet, Deputy CEO and Index Director of Scientific Beta said “the report underlines the extent of greenwashing prevalent among investment managers and ASIC has proven itself as one of the most active watchdogs internationally. Nevertheless, the regulator’s work also has room for improvement, especially when it comes to the use of ESG ratings”."

Adviser Voice 05/09/2024

"(...) “ASIC’s recent report on its interventions against greenwashing misconduct for the 2023–2024 period (REP 791) understates the need for improvement on ESG ratings, which often mislead consumers regarding the measurement of the sustainability of investment products. (...) Daniel Aguet, Deputy CEO and Index Director of Scientific Beta said “the report underlines the extent of greenwashing prevalent among investment managers and ASIC has proven itself as one of the most active watchdogs internationally. Nevertheless, the regulator’s work also has room for improvement, especially when it comes to the use of ESG ratings”. (...) “ESG ratings typically fail ASIC’s three information quality standards”, said Mr Aguet. “They are not accurate, not reasonably grounded and not understood by investors”. (...) “Until ESG ratings reasonably accurately measure what their providers intend them to measure, and until investors understand what these intentions are, ESG ratings are a source of investor misinformation,” Mr Aguet said. (...)"