Mirova Research Center partners with the chair dedicated to impact investing at ENSAE Paris, the first chair supported by the ENSAE-ENSAI Foundation. This "Impact Investing" Chair will focus on the real impacts of listed investment strategies. The initiative aims to contribute to theoretical and empirical knowledge beyond the study of strategy performance and risk pricing through a scientific program structured around two main axes:
- Impact investing, with an ambition of additionality, including shareholder engagement strategies and Net-Zero alignment of investors.
- Impact investing beyond climate issues: reconciling complementary environmental impact objectives and reconciling environmental and social impacts.
The Biodiversity premium
Can investors curb greenwashing
As part of the GENES group, ENSAE Paris is a member of the Institut Polytechnique de Paris, a word-class institute of science and technology comprising 6 prestigious French engineering schools. ENSAE Paris known for its rigor, the applied and theoretical skills of its faculty, and the quality of its research center, CREST, internationnaly renowned for its innovative work in economics, statistics, finance, insurance and sociology.
One of the major challenges of sustainable finance is to identify actionable levers that enable investors to efficiently support and accelerate the ecological transition. While academic literature on impact investing has already found evidence of the effectiveness of certain strategies, many essential questions remain open, specifically, regarding the additionality of investments, that is , the positive impact on the environment that would not have occured in the absence of thee investments, as well as the measurement of impact beyond climate issues. This research chair aims to contribute to this developing research field, both through a theoretical and empirical approach.
Olivier David Zerbib
Researcher at Crest and Assistant professor in Sustainable Finance at ENSAé Paris
We are confident that the work conducted with the Impact Investing Chair at ENSAE will provide a robust theoretical framework and empirical analysses on which investors can rely to enhance their coordination capacity in the context of the shareholder engagement for the transition. The second axis of the program should allow for a better understanding of the financial impact of biodiversity loss on portfolios and the reconciliation of ecological transition objectives with those of social justice.
Manuel Coeslier
Head of Mirova Research Center
Key dates:
January 2025:Annual workshop jointly organized by Peter Tankov and the Natixis Foundation for Research and InnovationApril 2025: "Shareholder engagement - A Framework for casual impact analysis"
September 2025: "From Engagement to Impact: Theoretical Insights and Emperical Evidence" (Carolina Moura)
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