Novethic : le media expert du développement durable
Can extra-financial ratings be used to assess ESG risks?
Whether carried out by in-house analysts or bought from specialised ESG agencies, extra financial analysis is an indispensable tool. And yet is it enough to evaluate all the ESG risks? How should it be integrated into the management process to best assess the impacts of the main risks? Finally, why is ESG risk still so underestimated in financial management? Why so little attention is still paid to ESG risk in financial management?
Dorothee de Kermadec, Director of Risks, Compliance and Sustainable Development, CNP Assurances (France)
Dorothee de Kermadec, Director of Risks, Compliance and Sustainable Development explained how CNP Assurances implements the integration of ESG criteria throughout the whole company.
Valery Lucas-Leclin, Senior SRI Analyst, BofA Merrill Lynch (United Kingdom)
In a world where financial analysis serves to predict movements in the financial markets, where does extra-financial analysis fit in? Valery responded to this open question by means of the presentation of a study showing the broad sector trends of the investments of European SRI funds.
Dr Astrid Zwick, Head of Department, Corporate Responsibility, Munich RE (Germany)
Not only is Munich Re one of the most committed financial entities in the fight against climate change, it is also one of the active members piloting a new initiative presented at the conference: the principles of sustainable development for the insurance sector.
Nicole Notat, Chairwoman, Vigeo (France)
On behalf of the extra-financial rating agencies that she represented during this session, Nicole Notat prepared a table showing investors' expectations. She explained that the increased interest in ESG risks has been accompanied by great incertitude about the cost that should be attributed to them. These questions therefore limit the integration of these criteria into asset management strictly speaking.
