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139****0989 · 2024年05月26日

这题不是很理解,请解释说明下

NO.PZ2024021801000008

问题如下:

Which of the following ESG screening methodologies is criticized for not considering stewardship and engagement activities?

选项:

A.Relative basis screening only B.Absolute basis screening only C.Both relative and absolute basis screening

解释:

A. Incorrect because the criticism is also leveled at the absolute basis screening approach. Despite the clear organizational benefits of ESG screening, whether on an absolute or relative basis, its approach does carry several challenges. One common criticism is its reductive approach. In other words, its quantitative measure does not consider softer forms of ESG, such as stewardship and engagement activities.

B. Incorrect because the criticism is also leveled at the relative basis screening approach. Despite the clear organizational benefits of ESG screening, whether on an absolute or relative basis, its approach does carry several challenges. One common criticism is its reductive approach. In other words, its quantitative measure does not consider softer forms of ESG, such as stewardship and engagement activities.

C. Correct because despite the clear organizational benefits of ESG screening, whether on an absolute or relative basis, its approach does carry several challenges. One common criticism is its reductive approach. In other words, its quantitative measure does not consider softer forms of ESG, such as stewardship and engagement activities. In fact, an investor whose portfolio focuses on long-term stewardship opportunities in poorly rated ESG companies in order to improve performance will likely suffer from the poor optics of these companies at the portfolio level.

这题不是很理解,请解释说明下

1 个答案

净净_品职助教 · 2024年05月27日

嗨,从没放弃的小努力你好:


这道题目询问的是哪种 ESG 筛选方法被批评没有考虑到 stewardship(治理)和 engagement activities(参与活动)。选项有三种:相对基准筛选(relative basis screening)、绝对基准筛选(absolute basis screening),以及两者皆有。

答案是 C:Both relative and absolute basis screening

无论是相对基准筛选还是绝对基准筛选,这两种方法都面临一个共同的批评,即它们的定量分析方法没有考虑到较为主观和定性的 ESG 因素,如治理和参与活动。

相对基准筛选(Relative Basis Screening):

  • 这种方法基于相对排名,将公司与同类公司进行比较。它主要关注 ESG 评分的相对表现。
  • 缺点:这种方法主要依赖于定量数据,不考虑定性因素,如公司如何通过治理和参与活动改进其 ESG 表现。

绝对基准筛选(Absolute Basis Screening):

  • 这种方法设定一个绝对标准,将不符合标准的公司排除在投资范围之外。
  • 缺点:与相对基准筛选类似,这种方法也主要依赖于定量数据,不考虑定性因素和长期的参与活动。

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