Scientific Beta

Top 1000 Funds: "Scientific Beta has made a critical appraisal of the proposals of the TEG on climate benchmarks and benchmarks’ ESG disclosures. Our conclusions are that: they do not respect the spirit of the Regulation they are supposed to detail and exceed the scope of delegated acts; they have been overly influenced by commercial interests and champion the interests of a few ESG data and services providers rather than supporting genuine sustainability; and their flaws mean that they do little to discourage greenwashing or support decarbonisation efforts in the real economy, and fail to enhance decision-making on sustainability.

Top 1000 Funds 26/02/2020

Article by Noël Amenc, chief executive of Scientific Beta and Associate Dean for Business Development, EDHEC Business School, and Frédéric Ducoulombier, ESG director at Scientific Beta.

"(...) Scientific Beta has made a critical appraisal of the proposals of the TEG on climate benchmarks and benchmarks’ ESG disclosures. Our conclusions are that:

they do not respect the spirit of the Regulation they are supposed to detail and exceed the scope of delegated acts;
they have been overly influenced by commercial interests and champion the interests of a few ESG data and services providers rather than supporting genuine sustainability; and
their flaws mean that they do little to discourage greenwashing or support decarbonisation efforts in the real economy, and fail to enhance decision-making on sustainability.

(...)"