Indicateurs Environnementaux: Caractéristiques D’une Mesure Agrégée Pertinente (Environmental Indicators: Conditions for a Relevant Aggregated Measure)

13 Pages Posted: 14 Jul 2020 Last revised: 21 Aug 2020

See all articles by Jean-Guillaume Peladan

Jean-Guillaume Peladan

Sycomore Asset Management

Julie Raynaud

affiliation not provided to SSRN

Peter Tankov

ENSAE Paris

Olivier David Zerbib

Tilburg University - Tilburg University School of Economics and Management; University of Claude Bernard Lyon 1 - Institute of Finance and Insurance Science (ISFA); National Institute of Statistics and Economic Studies (INSEE) - Center for Research in Economics and Statistics (CREST)

Date Written: June 13, 2020

Abstract

French Abstract: Après avoir présenté les grands indicateurs environnementaux existants et leurs limites, nous proposons une définition des caractéristiques d’un indicateur pertinent et efficace dans une approche holistique : embrassant l’ensemble des enjeux environnementaux, analysant le cycle de vie complet, utilisant des mesures physiques, portant sur un périmètre d’analyse mondial, pouvant être calculé sur les différentes classes d’actifs, étant modulable, opérationnel, lisible, neutre, transparent, stable dans le temps et utilisant les informations déjà disponibles compte tenu de l’urgence environnementale. Nous rappelons enfin les principales méthodes d’agrégation d’indicateurs environnementaux et présentons leurs avantages et inconvénients.

English Abstract: After presenting the main existing environmental indicators and their limitations, we propose a definition of the (non-exhaustive) characteristics of a relevant and efficient metric in a holistic approach: encompassing all environmental issues, analyzing the entire life cycle, using physical measures, covering a global scope of analysis, being computable across all asset classes, being modular, operational, readable, neutral, transparent, stable over time and using the information already available, given the environmental emergency. Finally, we review the main available methods for aggregating environmental indicators with their advantages and drawbacks.

Note: Downloadable document available in French.

Keywords: sustainable finance, environmental indicators, impact measures, aggregation

JEL Classification: G11, G12, Q40, Q50

Suggested Citation

Peladan, Jean-Guillaume and Raynaud, Julie and Tankov, Peter and Zerbib, Olivier David, Indicateurs Environnementaux: Caractéristiques D’une Mesure Agrégée Pertinente (Environmental Indicators: Conditions for a Relevant Aggregated Measure) (June 13, 2020). Available at SSRN: https://ssrn.com/abstract=3629231 or http://dx.doi.org/10.2139/ssrn.3629231

Jean-Guillaume Peladan

Sycomore Asset Management ( email )

Julie Raynaud

affiliation not provided to SSRN

Peter Tankov (Contact Author)

ENSAE Paris ( email )

92245 Malakoff Cedex
France
91400 (Fax)

Olivier David Zerbib

Tilburg University - Tilburg University School of Economics and Management ( email )

PO Box 90153
Tilburg, 5000 LE Ti
Netherlands

University of Claude Bernard Lyon 1 - Institute of Finance and Insurance Science (ISFA) ( email )

50, Avenue Tony Garnier
Lyon Cedex 07, 69366
France

National Institute of Statistics and Economic Studies (INSEE) - Center for Research in Economics and Statistics (CREST) ( email )

5 avenue Henry Le Chatelier
Palaiseau, 91764
France

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