Scientific Beta

Daily Caller: "“The correlation between ESG scores and carbon intensity is close to zero,” research director at Scientific Beta, Felix Goltz, told the FT. “ESG ratings have little to no relation to carbon intensity, even when considering only the environmental pillar of these ratings,” Goltz added. “On average, social and governance scores more than completely reversed the carbon reduction objective.”"

Daily Caller 31/07/2023

"(...) Companies that earn high Environmental, Social and Governance (ESG) scores pollute just as much as lower-rated companies, according to research reviewed by the Financial Times. High ESG scores are negatively correlated with reduced carbon emissions and even when only using the E, the environmental pillar of ESG as the measurement, companies still were not environmentally friendly, research done by Scientific Beta, an index fund and consultancy firm, shows, according to the FT. (...) “The correlation between ESG scores and carbon intensity is close to zero,” research director at Scientific Beta, Felix Goltz, told the FT. “ESG ratings have little to no relation to carbon intensity, even when considering only the environmental pillar of these ratings,” Goltz added. “On average, social and governance scores more than completely reversed the carbon reduction objective.” (...)"