Category: Impact investing

BNP Paribas Asset Management has awarded first place to a paper analysing the processes and ratings of six specialists at its annual Global Research Alliance for Sustainable Finance and Investment conference. The paper,  Aggregate Confusion: The Divergence of ESG Ratings was written by three researchers from the Massachusetts Institute of Technology’s Sloan School of Management: Florian Berg, Roberto Rigobon, and Julian Kölbel (who is also affiliated with the University of Zurich). They examine the factors included in each agency’s assessment, how those factors are measured and their weightings within the overall ESG score, concluding that the way each factor is measured is the main driver of difference between the ratings.  

The Global Impact Investing Network (GIIN) has released two more reports on how to evaluate impact performance. As part of an ongoing project on the topic called Understanding Impact Performance, the organisation ha…