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Indexes and Benchmarking Low Carbon Investing Conference: New indices to reconcile financial and environmental performance 2 December, 2015 - Paris, France
EDHEC Risk Institute has been conducting research for several years on the possibility of reconciling financial and environmental performance. Presentation of the results of this research, organised on the occasion of the international COP21 climate conference, which is taking place in Paris between November 30 and December 11, 2015, marks the practical realisation of these research efforts and represents an important moment for responsible finance, because the results of the research undertaken will allow institutional investors to be provided with smart beta indices that can reduce the carbon footprint of their equity investments by more than 50%, while at the same time outperforming traditional market indices and being able to create more than 50% additional value in the medium term.

These indices, which will be produced by ERI Scientific Beta, the smart beta index provider set up by EDHEC in 2012, can be considered the first green smart beta indices. 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 would be 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 ScientificBeta, 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 Scientific Beta's green and smart beta indices already produce performance by relying on a consensual state of the art in academia in the area of factor investing and portfolio diversification.

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 omitted from the exclusion list.

Programme
  • 08:30
    Welcome and breaksfast

  • 09:00
    Conference: Low Carbon Investing
    Noël Amenc, CEO, ERI Scientific Beta, and Professor of Finance, EDHEC-Risk Institute
    Benoit Arnaud, Director, EDHEC Executive, EDHEC Business School
    Erik Christiansen, Business Development Director Europe, ERI Scientific Beta
Please note that admission to this event is by invitation only. To request an invitation, please contact Séverine Cibelly at severine.cibelly@scientificbeta.com or on +33 493 187 863.

The conference will be held in French.
Event Details
  When   Between 02/12/2015 08:30 AM and 02/12/2015 10:30 AM
Where   EDHEC Business School, 16-18 rue du 4 septembre, 75002 Paris, France
 
Contact Details
  Name   Séverine Cibelly
E-mail   severine.cibelly@scientificbeta.com
Phone   04 93 18 78 63
 
Attachments
  Programme