EDHECinfra in the news
FT: ESG has no financial benefit for infrastructure groups, study finds
Publication date: 2019-03-19

The first ever study on ESG reporting and financial returns by Tim Whittaker and Silvia Garcia was highlighted by the Financial Times.

“This paper challenges the oft-reported notion that better ESG ratings should somehow systematically increase or decrease returns,” said Tim Whittaker, research director at Edhecinfra.

“The study examined 173 companies in Europe, the Americas, Australia and New Zealand that reported on areas including board gender diversity and energy efficiency between 2016 and 2018. Gresb assessed this against data on their returns tracked by Edhecinfra. The study is at odds with other research that shows that companies with better ESG credentials are stronger performers, based on the idea that issues such as poor governance and environmental problems damage profitability.”

Read the story in the FT here.

Publication: The Financial Times
FT: ESG has no financial benefit for infrastructure groups, study finds