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ERI Scientific Beta signs United Nations-supported
Principles for Responsible Investment
ERI Scientific Beta announced today, September 27, 2016, that it has signed the United Nations-supported Principles
for Responsible Investment (PRI).
Forerunners in the domain of Socially Responsible Investment (SRI) and low carbon smart beta investing, EDHEC-Risk
Institute and ERI Scientific Beta have been providing a custom SRI smart beta index to the additional pension scheme
for French civil servants, ERAFP, for over five years (since June 2011). Earlier this year ERAFP announced that it is
awarding a mandate to asset managers for a listed equities portfolio worth €500 million to €1 billion that will be
benchmarked to the Scientific Beta Eurozone Max Sharpe Ratio ERAFP SRI Carbon Efficient index. ERI Scientific beta
has been supplying an SRI-compliant custom version of its flagship Multi-Beta Multi-Strategy index to a major
Scandinavian investor since 2014.
In early 2015, ERI Scientific Beta launched a series of low carbon smart beta indices that enable institutional investors to
significantly reduce the carbon intensity of their equity investments, while at the same time outperforming traditional
market indices. 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.
Noël Amenc, CEO of ERI Scientific Beta, said, "ERI Scientific Beta is proud to be a signatory of the UN-supported
Principles for Responsible Investment. The low carbon and SRI-screened indices produced by ERI Scientific Beta offer
access to outperformance by using consensual results from financial research in the area of smart beta and portfolio
diversification, while ensuring that the low carbon and SRI aspects of the indices contribute to a positive environmental
impact."
"We are delighted to welcome ERI Scientific Beta to the PRI," said Managing Director Fiona Reynolds. "Their leadership
in developing tools that help investors reduce the carbon intensity of their investments, and manage risk in order to
maximise returns, fits very well with the PRI Principles, especially now, as investors look closely at material risks around
climate change."
Finance
Written by STEPHANE COLOMBANI
September 27, 2016
Contact:
For more information, please contact: Séverine Cibelly
Tel.: +33 493 187 863 - E-mail: [email protected]
To visit our web site: www.scientificbeta.com
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