Scientific Beta

Investors' Chronicle: "In a separate report, Edhec academics have also shown the inadequacies of current ‘sustainable’ investing. Only 12 per cent of climate strategies are affecting companies’ carbon footprints, the one metric they must focus on forcing down."

Investors' Chronicle 04/10/2021

"(...) Despite all the noise, the engagement efforts of asset managers had no effect on greenhouse gas emissions over the past decade. That’s one damning finding in research by Gianfranco Gianfrate, professor of finance at Edhec-Risk Institute, who has described greenwashing in the investment industry as a “weapon of mass destruction”. In a separate report, Edhec academics have also shown the inadequacies of current ‘sustainable’ investing. Only 12 per cent of climate strategies are affecting companies’ carbon footprints, the one metric they must focus on forcing down. (...)"