Scientific Beta

Money Management: "Scientific Beta, which was recently selected by Desjardins Global Asset Management to design a family of indices that respect high responsible investment standards, said that its filter has allowed Renault, Nissan and Mitsubishi to be excluded from environmental, social, governance (ESG) indices. The decision was intended to warn investors and help them avoid being stuck with these stocks in the wake of the Carlos Ghosn scandal, the firm said."

Money Management 23/11/2018

"(...) Scientific Beta, which was recently selected by Desjardins Global Asset Management to design a family of indices that respect high responsible investment standards, said that its filter has allowed Renault, Nissan and Mitsubishi to be excluded from environmental, social, governance (ESG) indices. The decision was intended to warn investors and help them avoid being stuck with these stocks in the wake of the Carlos Ghosn scandal, the firm said. The SciBeta Desjardins Responsible Investing family would also exclude companies that were involved in controversial activities or in critical controversies with respect to principles of responsible business conduct. By separating ESG and financial performance objectives in index construction, Scientific Beta ESG indices aimed to treat responsible investing policies as fiduciary constraints and build smart beta indices that could add performance in a robust manner by establishing exposure to rewarded risk factors once these exclusions were carried out, the firm said. (...)"