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ERI Scientific Beta announces the launch of new low carbon indices
EDHEC Risk Institute has been conducting research for several years on the possibility of reconciling financial and environmental performance. The launch of a new series of low carbon indices by ERI Scientific Beta, the smart beta index provider set up by EDHEC Risk Institute in 2012, marks the practical realisation of these research efforts and represents an important moment for responsible finance, because .
EDHEC Risk Institute's approach can be distinguished from numerous approaches that, over the long term, hope to outperform the stock markets through the higher returns of shares in firms that have a better carbon footprint, because these firms are supposedly less affected by the increasing cost of fossil fuels and the tons of carbon emitted, but that, in the short and medium term, aim to produce performance that is fairly similar to that of traditional stock market indices.
For the green indices produced by ERI Scientific Beta, the idea is offer access to short and medium-term outperformance by using consensual results from financial research. The "green" premium, which has not yet been scientifically and empirically demonstrated, will be able to play out as a long-term complement to performance, but .
The exclusion from the index of the largest carbon emitters, the worst firms in terms of carbon intensity in each sector of activity, and the largest holders of fossil assets, guarantees that these indices have a strong positive impact on the environment by weighing on the value of the stocks of the excluded firms, thereby obliging them to change their strategy or their production process in order to be removed from the exclusion list.
" " says Maximilian Horster, Director Financial Industry at South Pole Group.
A special workshop at the EDHEC-Risk Days conference at The Brewery in London on March 15 will address the theme of "Smart Beta & Low Carbon" by .
To receive a press pass to this conference, please visit the registration website or contact Joanne Finlay: joanne.finlay@edhec-risk.com .
Copyright GlobeNewswire
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