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X-WR-CALNAME:Mathematical Finance
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X-WR-CALDESC:Events for Mathematical Finance
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DTSTART:20220313T080000
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DTSTART;TZID=America/Chicago:20220909T120000
DTEND;TZID=America/Chicago:20220909T130000
DTSTAMP:20260521T051021
CREATED:20210803T150342Z
LAST-MODIFIED:20230109T143847Z
UID:811-1662724800-1662728400@www.math.ttu.edu
SUMMARY:Environmental\, Social\, Governance scores and the missing pillar: Why does missing information matter?
DESCRIPTION:Speaker: Dr. Oezge Sahin\, Mathematical Statistics\, Technical University of Munich \nAbstract: Environmental\, Social\, and Governance (ESG) scores measure companies’ performanceconcerning sustainability and societal impact and are organized on three pillars:  Environmental (E)\, Social (S)\, and Governance (G).\nThese complementary non-financial ESG scores should provide information about the ESG performance and risks of different companies. However\, the extent of not yet published ESG information makes the reliability of ESG scores questionable. To explicitly denote the not yet published information on ESG category scores\, a new pillar\, the so-called Missing (M) pillar\, is formulated. Environmental\, Social\, Governance\, and Missing (ESGM) scores are introduced to consider the potential release of new information in the future. Furthermore\, an optimization scheme is proposed to compute ESGM scores\, linking them to the companies’ riskiness. By relying on the data provided by Refinitiv\, we show that the ESGM scores strengthen the companies’ risk relationship. These new scores could benefit investors and practitioners as ESG exclusion strategies using only ESG scores might exclude assets with a low score solely because of their missing information and not necessarily because of a low ESG merit. \n 
URL:https://www.math.ttu.edu/mathematicalfinance/event/fall-2021-test-1-event/
LOCATION:via Zoom
CATEGORIES:Colloquia,Fall 2022
ATTACH;FMTTYPE=image/jpeg:https://www.math.ttu.edu/mathematicalfinance/wp-content/uploads/2023/01/sahin.jpg
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