Scientific Beta

Green Reporter: "Scientific Beta, an index provider linked to a French academic think tank, agrees. “ESG strategies perform like simple quality strategies mechanically constructed from accounting ratios,” Scientific Beta research director Felix Goltz told the Financial Times. “There is no ESG alpha.”"

Green Reporter 13/09/2021

"(...) First, even if ESG funds perform well, it is not clear if the relationship between ESG and financial returns is causative or correlative. It could be that financial returns and ESG are both a function of good management. Scientific Beta, an index provider linked to a French academic think tank, agrees. “ESG strategies perform like simple quality strategies mechanically constructed from accounting ratios,” Scientific Beta research director Felix Goltz told the Financial Times. “There is no ESG alpha.” (...)"