Scientific Beta

IPE: "Scientific Beta has redirected to draft benchmark-related rules prepared by the European Commission the strong criticism it previously expressed of the proposals developed by the technical expert group (TEG) that has been advising the EU executive on sustainable finance. (...) Scientific Beta yesterday shared the letter it sent to the Commission, with CEO Noël Amenc in a press release explaining the smart beta index provider’s view that the Commission’s proposal “does not go in the right direction and our previous criticism of the proposal from the TEG remains relevant for the most part”."

IPE 05/05/2020

"(...) Scientific Beta has redirected to draft benchmark-related rules prepared by the European Commission the strong criticism it previously expressed of the proposals developed by the technical expert group (TEG) that has been advising the EU executive on sustainable finance. The draft rules in question are the so-called draft delegated acts on minimum standards for EU climate benchmarks and disclosures about environmental, social and corporate governance (ESG) factors in benchmarks. The Commission published the draft rules last month with a call for any feedback to be submitted by tomorrow. Scientific Beta yesterday shared the letter it sent to the Commission, with CEO Noël Amenc in a press release explaining the smart beta index provider’s view that the Commission’s proposal “does not go in the right direction and our previous criticism of the proposal from the TEG remains relevant for the most part”. (...)"