(Extra) financial rating: desperately seeking trusted third party
Thu, Oct 19
|Savings House
After the Orpea scandal, the "dieselgate" and the bankruptcy of SVB, should we believe ESG analysts? Stagflation in Europe: is the procyclicality of the rating leading to a liquidity crisis?
Time & Location
Oct 19, 2023, 6:30 PM – 9:30 PM
Savings House, 5 Rue Frédéric Bastiat, 75008 Paris, France
About the event
Meeting hosted by Gérard Ampeau, Speaker on financial markets | Author of "The comedy of notation" | Member of the AMF Savers Consultative Commission 2020-2022
With the participation of Emmanuel de La Ville (Ethifinance), Marc Lefevre (Scope Group), Eric Dubos (MACSF), Sophie Elkrief (ex Aesio Mutuelle)
"There is a before and after Orpea in the way of analyzing ESG risk for investors" according to a future participant in the round table who spoke during its preparation. "Orpea", "SVB", "La Poste", ... so many files that constitute failures in ESG scoring. And which make professionals, regulators and the general public doubt the methods used by extra-financial rating agencies. "ESG rating is a Wild West until today" for another participant, in demand of an adapted and proportional regulation. With more transparency and fight against conflicts of interest ... "ESG ratings cost too much" for some. While others believe that "Investors have the ESG ratings they deserve!". This debate comes at a time when European rules on ESG rating are being put in place and companies will have to face their information obligations by respecting the standards of "double materiality". During this workshop we will attempt to take stock of the situation and clarify the expectations of investors and rating agencies.