SFAA Campus: ESG ratings

1. Anatomy of ESG ratings and materiality

In the first part, we will start with a brief introduction to the world of environmental, social and governance (ESG) ratings, ESG investing and sustainable finance. We will cover the attributes of the ESG market, major players in the ESG landscape, and the concept of single materiality and double materiality in the context of ESG ratings.

2. Issues with ESG ratings

The second part is the core of this workshop. It covers all major issues (some of them not yet publicly known) that each user of ESG ratings should be aware of:

Anatomy of ESG ratings,

Market with ESG ratings and its oligopolistic market features,

Current trends in the ESG rating design and the issues arising from those,

ESG data backfilling (Berg, Fabisik, and Sautner (2020)),

Raw ESG data quality,

ESG rating selling practices,

Incentives in the ESG ratings industry.

3. Outlook
The third part will be about the future of ESG investing. We will talk about sustainable investor types, the risk-return relationship in finance. We will also cover the trade-off between maximizing firm value and implementing other objectives, effects of divestment, and the fact that »looking green” is not the same as »being green”. The section concludes with a discussion of the real effects of ESG ratings and the impact of ESG engagement.

Datum: 04.10.2023, 13:00 - 17:00 Uhr
Organisator: SFAA
Ort: Bildungszentrum
Adresse: Sihlpostgasse 2, 8004 Zürich
Zielgruppe: Professionelle Investoren
Kosten: 480 Franken

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