Scientific Beta

Giovanni Bruno, PhD, Senior Quantitative Researcher at Scientific Beta, will be presenting the paper "Does ESG Information Deliver Investment Value: A High-Dimensional Portfolio Perspective" at the Sustainable Finance Forum to be held in Paris on Friday, 12 December, 2025.

Our research paper shows that ESG information can improve performance in traditional backtests but adds no value to portfolio construction when evaluated out-of-sample, highlighting the critical importance of robust, forward-looking validation.

The Sustainable Finance Forum aims to foster dialogue between professionals and academic researchers on Sustainable Finance issues. This event aims to support decision-makers in climate, social and governance transformations and challenges.

Giovanni Bruno, PhD, is Senior Quantitative Researcher at Scientific Beta. His research focuses on asset pricing. He earned his PhD in finance at the Norwegian School of Economics, where he also worked as a Teaching Assistant delivering courses on Investments, Derivatives and Risk Management and Quantitative Investment. His work appeared on academic and practitioner journals, such as the Journal of Investing, and European Financial Management. He holds a Master's Degree from LUISS Guido Carli University (Italy), where he obtained First-Class Honours in Quantitative Finance. Previously to his PhD, he held roles as a Consultant and a Quantitative Analyst with PricewaterhouseCoopers and Altran, respectively, where he specialised in Financial Risk Management.