The Paari School of Business at SRM University-AP is organising a Research Seminar titled “Sustainable Investment: Maintaining Portfolio Performance While Reducing The Carbon Footprint”. The session will feature Rituparna Sen, Associate Professor in the Applied Statistics Division at the Indian Statistical Institute, Bangalore, as the expert speaker.
Rituparna Sen holds a PhD in statistics from the University of Chicago and is an elected member of the International Statistical Institute. She has authored over thirty research papers and a book titled Computational Finance with R, served as an editor for leading statistical journals, and received multiple prestigious accolades, including the Young Statistical Scientist Award.
The session is expected to benefit students, researchers, and faculty members interested in sustainable finance, computational statistics, portfolio management, and climate-aligned investment strategies.
Abstract
Amid the global crisis of climate change, urgent action is imperative. In this study, we develop two types of decarbonized indices, which render a dynamic hedging approach for passive investors. Focusing on long-term returns with minimal active trading and risk exposure, we create the decarbonized indices for NIFTY-50, a benchmark index for the Indian market. Proposed methodology relies on suitable optimization techniques to choose the portfolio weights that minimize the tracking error while significantly reducing carbon footprints. These indices are shown to perform better than existing benchmarks, especially during major climate events. In ongoing work, we use tail risk measures instead of variance to control the risk of the portfolio.
Key Details
- Date: September 9, 2026 (Wednesday)
- Time: 03:00 PM to 04:00 PM
- Venue: Level 5, Tiered Classroom, Homi J Bhabha Block
- Topic: Sustainable Investment: Maintaining Portfolio Performance While Reducing The Carbon Footprint
- Speaker: Rituparna Sen (Associate Professor, Applied Statistics Division, Indian Statistical Institute, Bangalore)