Scientific Beta

ZeroHedge: "ETFs that move with “low carbon”, “climate change” or “Paris-aligned” indices "alocate little of their money to the greenest companies and habitually increase the weighting of companies whose environmental performance is deteriorating," according to a new report from FT. We're shocked. Shocked, we tell you. The conclusion was brought to light by French business school Edhec, who recently penned a paper called Doing Good or Feeling Good? Detecting Greenwashing in Climate Investing."

ZeroHedge 21/09/2021

"(...) Our readers know that there aren't many people out there who have been more critical of "ESG" investing than we have. That's why you can officially color us not surprised that so-called "Climate Change ETFs" are actually undermining and are counterintuitive to the fight against global warming. ETFs that move with “low carbon”, “climate change” or “Paris-aligned” indices "alocate little of their money to the greenest companies and habitually increase the weighting of companies whose environmental performance is deteriorating," according to a new report from FT. We're shocked. Shocked, we tell you. The conclusion was brought to light by French business school Edhec, who recently penned a paper called Doing Good or Feeling Good? Detecting Greenwashing in Climate Investing. (...)"