Nous vous proposons une conférence en anglais animée par Florian Berg (promo 2017), chercheur au MIT, sur le thème :
The Original Sin of ESG
Mardi 23 janvier à 19h00
Amphi 2/3
The concept of ESG has been flawed since its inception.
Created out of the UN Global Compact in 2004, its aim was to maximize profit/ returns and improve planetary welfare. Yet, one cannot maximize two objectives if there is no 100% overlap.
The confusion around the objective of ESG is what I call the Original Sin of ESG.
In this paper, after a brief history of ESG, I show that it affects every part of sustainable finance such as ESG funds, ESG ratings, sustainable finance regulation, and, much worse it potentially steers us away from much-needed solutions. It also justifies in part the ESG backlash happening in the US.
However, this does not mean that ESG information is not important for long-term value.
Florian Berg :
Florian is currently a research scientist at the MIT Sloan School of Management where he cofounded the Aggregate Confusion Project. His research interest covers sustainable investing with a focus on ESG ratings, the disagreement between different rating agencies, and how it affects investors, firms, as well as academic research.
He received his PhD in financial economics from Paris-Dauphine University. During his PhD, he held a visiting research position at ETH Zurich. Florian worked as a quantitative researcher at Amundi Asset Management and as a quantitative strategist/ trader at Alphadyne Asset Management. He taught at Paris-Dauphine University, Sciences-Po Paris, and MIT Sloan.
Diplômé
