Ortec Finances looks for students who want to do a project, thesis or an internship on Environmental, Social and Governance.
Ortec Finance advices institutional investors, e.g., pension funds and insurance companies, on risk management and strategic asset allocation. Recently, Environmental, Social and Governance (ESG) responsible investing is becoming more important in asset allocation decisions of institutional investors (see the references). A common approach is to use qualitative aspects, e.g., carbon footprint, when individual stocks are selected. The advice of Ortec Finance, however, is mainly focussed on the strategic level (asset classes) and follows a quantitative approach based on time-series models. The aim of this project is to investigate several approaches to take into account ESG responsible investing on a strategic level.
The Ortec Finance models and the advice based on the models can take ESG responsible investing into account in three ways. First, we could model ESG equity benchmarks, e.g., low carbon equity indices. Available data and suitability of these indices can be investigated in the thesis. Second, the Ortec Finance models are calibrated such that they converge to plausible long term expected values. In these long term expected values, ESG related factors such as global warming could be taken into account. Third, we could define stress scenarios, such as global warming, in which ESG benchmarks or certain regions will perform differently.
Requirements for this project are:
· Interest in econometric modelling
· Solid background in finance or econometrics
If you are interested in this project, please send an email to Bert.Kramer@ortec-finance.com
Andersson, Bolton, Samama, Hedging climate risk, Financial analysts journal (2016)
De Jong, Nguyen, Weathered for climate risk, Financial analysts journal (2016)
Ben Feringa vanavond in boekenprogramma op NPO 1
Op 13 augustus gaat de 50e KEI-week van start en al op de eerste dag worden deelnemende studenten gestimuleerd om geen vlees te eten: de Meatless Monday. Alle KEI-groepjes kunnen in de filialen van Albert Heijn in Groningen speciaal samengestelde vegetarische...
Prof. dr. Deniz Baskent, als hoogleraar Auditieve perceptie verbonden aan de afdeling KNO van het UMCG/Faculteit Medische Wetenschappen, is een van de zes genomineerden voor de Huibregtsenprijs 2018. Op 8 oktober 2018 maakt juryvoorzitter Wim van Saarloos...