ESG dissection of European equities
- 02 February 2023 (5 min read)
An empirical analysis of ESG factors and pillars and the implications for European equity markets
Key points
- Our research shows the highest-rated ESG stocks have generated an average outperformance of 29 basis points versus the STOXX Europe 600 index over a three-month investment horizon1
- This outperformance appears to be driven by the environmental and social pillars, which are the only ones to generate a premium when applying this bucketing strategy
- Companies with a one-notch ESG rating downgrade tend to underperform regardless of the pillar that declines
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