Our Team
An experienced and diverse team with a broad range of expertise and backgrounds—including scientific research, financial credit rating, and environmental data—devoted to helping organisations assess their climate risk exposure and financial materiality.
Scientific Climate Ratings Management team
Rémy Estran-Fraioli, PhD
Chief Executive Officer
Anthony Schrapffer, PhD
Chief Scientific Officer
Nishtha Manocha, PhD
Chief Operating Officer
About Rémy Estran-Fraioli, PhD
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Rémy ESTRAN-FRAIOLI, PhD is Chief Executive Officer of Scientific Climate Ratings (EDHEC venture) and Chairman of the Board at the European Association of Credit Rating Agencies (EACRA). He is also a PhD co-supervisor at École Polytechnique in France. Prior to joining EDHEC, he founded the financial risk consulting firm Advanced CMA, which was acquired by the European credit and ESG rating agency EthiFinance in 2021. He holds a PhD in finance from Paris 1 Panthéon-Sorbonne University and ESCP Business School and has authored several professional and academic publications on his extensive research in risk modelling.
About Anthony Schrapffer, PhD
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Anthony SCHRAPFFER, PhD is Scientific Director of Scientific Climate Ratings, also serving as the Scientific Director of EDHEC Climate Institute. Previously, he was Head of the Environmental Solutions at EthiFinance where he worked closely with Rémy. He holds a PhD in climatology in joint supervision between Ecole Polytechnique and the University of Buenos Aires and has conducted extensive research in flood modelling.
About Nishtha Manocha, PhD
LinkedIn
Nishtha MANOCHA, PhD is Chief Operating Officer of Scientific Climate Ratings and Project Lead of ClimaTech at EDHEC Climate Institute, where she heads the Technology Taxonomy for Climate Resilience and Transition, a pioneering research effort to map and evaluate decarbonisation and resilience strategies across infrastructure sectors. Before joining EDHEC, Nishtha worked as a senior consultant in the water sector, creating digital platforms to assess and mitigate climate risks in urban catchments. She holds a PhD in infrastructure investments under uncertainty from the National University of Singapore and has authored several peer-reviewed research, translating complex climate data into actionable insights.
Scientific Climate Ratings Business Development & Marketing team
Elodie Lelief
Senior Sales Specialist
Mariya Peykova, CESGA
Senior Sales Specialist
Nataliia Gaidarenko
Marketing Manager
Öykü Altuntaş
Climate Content Producer and Editor
About Elodie Lelief
LinkedIn
Elodie LELIEF, is Senior Sales Specialist executing the business development strategy of Scientific Climate Ratings. Prior to this, Elodie spent four years as Account Executive at Iceberg Data Lab, providing financial institutions with environmental data, and worked nearly 18 years in banking and asset management at BNP Paribas. She holds a Master’s degree in business finance from the Montpellier Business School.
About Mariya Peykova, CESGA
LinkedIn
Mariya PEYKOVA, CESGA is Senior Sales Specialist executing the business development strategy of Scientific Climate Ratings. Before joining EDHEC, Mariya led the ESG Solution Specialists team at Moody's. With nine years of experience in finance, she worked across Societe Generale, HSBC and Axiom Alternative Investments, where she held several positions within the Equity Capital Markets and Marketing &Investor Relations teams. Mariya is a Certified ESG Analyst (CESGA) delivered by the European Federation of Financial Analysts (EFFAS). She holds a double Master’s degree from Dauphine in applied economics and banking, finance and insurance.
About Nataliia Gaidarenko
LinkedIn
Nataliia GAIDARENKO, is Marketing Officer at Scientific Climate Ratings, leading strategic initiatives to enhance brand visibility, drive engagement and support business growth. Before joining the rating agency, Nataliia held senior marketing roles at EDHEC Infrastructure & Private Assets and its commercial entity Scientific Infra & Private Assets, where she led global campaigns using the complete marketing mix, encompassing both product and brand marketing. She worked across various financial sectors and teams, ranging from investment management at Northern Trust to FX and CFD trading at ActivTrades, where she leveraged digital marketing, content strategy, and financial services marketing.
About Öykü Altuntaş
LinkedIn
Öykü ALTUNTAŞ, is Climate Content Producer and Editor, crafting accessible and engaging content from EDHEC’s pioneering scientific data and expertise. She is a digital, TV and radio journalist with 10 years of experience at BBC World Service (WS) in London. Previously, she headed the English Service within the Economy and Foreign News desk at Turkey’s largest news agency, DHA. She recently joined the WS Bulletins desk in London, the centre of global news production. She holds an MSc in social research from the University of Edinburgh and has a strong passion for climate journalism, creative storytelling and digital illustration.
Strategic Orientation Committee
Frédéric Ducoulombier, CAIA
Programme Director, Climate Regulation Research and Advocacy
Riccardo Rebonato, PhD
EDHEC Climate Institute Research Director and Senior Advisor
Lionel Martellini, PhD
EDHEC Climate Institute Senior Advisor
Vincent Bouchet, PhD
Director of ESG and Climate Research of Scientific Portfolio
About Frédéric Ducoulombier, CAIA
Frédéric DUCOLOMBIER, CAIA serves on the Strategic Orientation Committee of Scientific Climate Ratings. He heads the Climate Regulation and Policies programme at EDHEC Climate Institute, which examines how normative forces influence the integration of climate risks and impacts, as well as transition and adaptation efforts. Previously, as founding director of EDHEC Business School’s climate finance research institute, he helped steer the alignment of climate-economics modelling with asset pricing and the development of probabilistic climate scenarios. Prior to that, he was the ESG Director of index provider Scientific Beta (SGX Group). He established the firm’s sustainability integration approach and led product design and negotiations resulting in EUR10 billion in institutional assets tracking ESG indices. He also designed specialty indices for ETFs and authored the blueprints for the firm’s award-winning climate impact consistent indices. Earlier, he had introduced the firm’s first dynamic volatility strategy and a reconciliation of competing approaches to factor portfolio construction. Over his 25 years in financial regulation and innovation, he has also authored academic and industry publications, contributed to international regulatory consultations, and served on expert committees for financial supervisors and net-zero coalitions.
About Riccardo Rebonato, PhD
Riccardo REBONATO, PhD is Senior Advisor of EDHEC Climate Institute and Professor of Finance at EDHEC Business School, where he heads the “Climate Scenarios” research programme. He was previously a professorial visiting fellow at the University of Edinburgh (Political Economics and Sociology), a visiting lecturer at Oxford University (Mathematical Finance), an adjunct professor at Imperial College, London (Financial Economics) and a research fellow in physics at Corpus Christi College, Oxford. Riccardo has been Head of Derivatives Trading, Risk Management and Research and served on the boards of ISDA and GARP. Holding a PhD in nuclear engineering and condensed matter physics, he has more than 10 published books, including “How to Think About Climate Change” (Cambridge University Press), as well as 50 articles in refereed academic journals on the economics of climate change, derivative and asset pricing and risk management. He was named the 2022 PMR Quant Researcher of the Year by The Journal of Portfolio Management
About Lionel Martellini, PhD
Lionel MARTELLINIi, PhD is Senior Advisor of EDHEC Climate Institute, Professor of Finance at EDHEC Business School and the former Director of EDHEC-Risk Institute. He is a former member of the Finance Faculty at Marshall School of Business, University of Southern California, and was a visiting professor at Princeton University and the Massachusetts Institute of Technology (MIT). He holds a Master’s degree in management, economics, mathematics and statistics and a PhD in finance from the Haas School of Business, University of California at Berkeley. He also holds a doctorate in Relativistic Astrophysics (University Côte d'Azur) with extensive research on the foundations of quantum mechanics. He is a member of the editorial board of The Journal of Portfolio Management, The Journal of Alternative Investments, and The Journal of Retirement. His work related to investment solutions for individual and institutional investors has been published in leading academic and practitioner journals and has been featured in major dailies such as The Economist, The Financial Times and The Wall Street Journal. He has also launched two digital specialization programs on Data Science for Investment Management and on Climate Finance and Sustainable Investing.
Vincent Bouchet, PhD
LinkedIn
Vincent BOUCHET, Phd is Director of ESG and climate research at Scientific Portfolio. He holds a Ph.D. in Management and Economics from École Polytechnique, his dissertation explored the integration of climate change into financial risk and responsible investment frameworks, combining econometrics, corporate social responsibility, and climate science. Before joining Scientific Portfolio, Vincent served as Deputy Head of Unit for Climate, Environment, and Agriculture at the French Ministry for Economy and Finance, where he analyzed biodiversity and environmental policies and contributed to economic assessments of environmental initiatives. His experience also includes developing climate risk models and managing a climate stress test during his time as a researcher with the Caisse des Dépôts group.
Oversight Committee
Noël Amenc, PhD
EDHEC Climate Institute Director
Frédéric Blanc-Brude, PhD
Scientific Infra & Private Assets (SIPA) Chief Executive Officer
Philippe Tastevin
Chief Executive Officer of Stella Maris Consulting
About Noël Amenc, PhD
Noël AMENC, PhD is Associate Professor of Finance at EDHEC Business School (based in Singapore), Director of the EDHEC Climate Institute, of which he was the founding CEO. Prior to joining EDHEC Business School as founding director of EDHEC-Risk Institute, he was Director of Research at Misys Asset Management Systems. He is an editorial board member of the Journal of Portfolio Management, associate editor of the Journal of Alternative Investments, and member of the Journal of Index Investing’s advisory board. He is also a member of the Finance Research Council of the Monetary Authority of Singapore and was formerly a member of the Consultative Working Group of the European Securities and Markets Authority (ESMA) Financial Innovation Standing Committee and of the Scientific Advisory Council of the AMF (French financial regulatory authority). He holds graduate degrees in economics, finance and management and a PhD in finance, has published extensively in finance journals and has contributed to four books on quantitative equity management, portfolio management and alternative investments.
About Frédéric Blanc-Brude, PhD
Frédéric BLANC-BRUDE, PhD is founding Chief Executive Officer of Scientific Infra & Private Assets (SIPA), an index provider specialized in private market data. He holds a PhD in Finance (King's College London) and degrees from London School of Economics, the Sorbonne, and Sciences Po Paris. He also represents EDHEC Business School on the Advisory Board of the Global Infrastructure Facility of the World Bank, and sits on the editorial board of the Journal of Alternative Investments and the Journal of Private Market Investing
Philippe Tastevin
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Philippe TASTEVIN is a senior executive with nearly 30 years of experience in European financial markets, having held leadership roles across major financial hubs including Paris, London, Frankfurt, Amsterdam, Milan, and Madrid. He has contributed to the development of key market infrastructures, notably at Euronext (exchanges), Clearnet (clearing), Euroclear (central securities depositories), and EthiFinance (credit and ESG ratings). Philippe is passionate about advancing EU sovereignty and resilience. Philippe holds an engineering degree and is a graduate of Sciences Po.
EDHEC Climate Institute team
Camille Angue
Deputy Director in Charge of Outreach
Rob Arnold, PhD
Sustainability Research Director
Nicolas Schneider, PhD
Senior Research Engineer - Macroeconomist
Lionel Melin, PhD
Associate Researcher
Fangyuan Zhang, PhD
Senior Research Engineer
Bertrand Jayles, PhD
Senior Sustainability Data Scientist
Fabien Nugier, PhD
Senior Research Engineer
Jeanette Orminski, PhD
Senior ESG & Sustainability Researcher
Qinyu Goh
Sustainability Data Scientist
Conor Hubert
Sustainability Research Engineer
Thomas Lorans
Senior Research Engineer
Julien Priol
Climate & Quant Researcher
Maud Gauchon
Marketing and Communications Manager
David Labeurthre, PhD
Senior Quantitative Researcher
About Camille Angue
LinkedIn
Camille ANGUE is Deputy Director of EDHEC Climate Institute in charge of outreach. She joined EDHEC in 2024 after a career in finance and public administration in France and abroad. After working for JP Morgan and KPMG Transaction Services, Camille joined the Ministry of Europe and Foreign Affairs in France, where she specialized in international economic issues and support for international business development prior to becoming Chief of Staff of the French Minister for Europe. Most recently, she was Deputy Director General of Services for the Nice Côte d'Azur Metropolis in charge of public economic policies for four years. She is a graduate of HEC Paris in 2008 (Grande Ecole) and holds a Master 2 degree in international business law from the University of Paris V Descartes in 2009.
About Rob Arnold, PhD
LinkedIn
Rob ARNOLD, PHD is Sustainability Research Director at EDHEC Climate Institute, leading the creation of a new body of knowledge on climate alignment and resilience, initially focused on infrastructure. As an energy and environment specialist with extensive experience across industry, business and international organisations, over two decades, he advised the UK government, including the Department of Business, Energy and Industrial Strategy, the Department of Energy and Climate Change, and the Department of Environment, Food and Rural Affairs on energy and climate policy. He led cross-disciplinary teams in technical analysis, business strategy, and sustainability assessment of new technology and measures to decarbonise energy, infrastructure, industry, transport and land use. He also co-chaired a multinational expert team for a strand of the EU’s Strategic Energy Technology Plan and helped establish the Industrial Energy Transformation Fund for industry-focused sustainable decarbonisation projects. Rob holds a PhD in energy and environment from Imperial College London, an MSc in environmental technology from Imperial College London, a BSc (Hons.) in chemistry from the University of Manchester. He is also a member of the Royal Society of Chemistry.
About Lionel Melin, PhD
LinkedIn
Lionel MELIN, PhD is Associate Researcher at EDHEC Climate Institute. He works with the “Climate Scenarios” research team, focusing on the implementation of a novel Dynamic Integrated Climate-Economy (DICE) model. He is the CEO of MacroLucid Research, an independent economic consulting firm specialising in ESG finance. He began his financial career as an emerging markets economist and fixed income strategist for Deutsche Bank and later as a senior cross-asset strategist for Société Générale Lyxor Asset Management. He holds a PhD in economics from the University of Chicago and a Master’s degree in statistics from the ENSAE in Paris. While a doctoral student, Lionel conducted research projects with the Federal Reserve of Chicago, the International Monetary Fund, Bank of America Merrill Lynch and BNP Paribas. He has held lectureships at the University of Chicago and has co-authored many academic papers published in the Journal of Impact and ESG Investing, Journal of Asset Management and Journal of Portfolio Management.
About Nicolas Schneider, PhD
LinkedIn
Nicolas SCHNEIDER, PhD is Senior Research Engineer - Macroeconomist at EDHEC Climate Institute, expanding the Institute’s capabilities in spatial climate econometrics to project the impact of climate change on the economy with greater granularity. He previously consulted for New York City Mayor’s Office of Climate and served as a fellow in the Program on Coupled Human and Earth Systems funded under the US Department of Energy. Nicolas holds a PhD from the Geography and Environment Department of Boston University, where his research used high-performance computing systems to conduct large-scale processing of high-resolution time and spatially-downscaled global climate model simulations. He holds an MSc in environmental economics and climate change (London School of Economics) and political science and an MSc in development economics and applied econometrics (Paris-Pantheon Sorbonne University). He has co-authored over a dozen peer-reviewed articles and taught in the Department of General Education at Harvard University and in the Quantitative Methods Seminar of the Oxford Smith School.
About Fangyuan Zhang, PhD
LinkedIn
Fangyuan ZHANG, PhD is a Senior Research Engineer at EDHEC Climate Institute where she contributes to the research programme on climate scenarios, seeking to understand and apply them while addressing their uncertainties. Fangyuan was previously a postdoctoral researcher for the Data Science Department at EURECOM, where she worked on the interdisciplinary research between economics and machine learning. She holds a PhD in economics, an MSc in finance and insurance from the University of Ulm in Germany and also Master’s and bachelor's degrees in economics from Fudan University in China. She has published academic research on pension systems and portfolio optimisation and is a recipient of the Chris Daykin Prize (2023), the best paper award presented by the International Actuarial Association.
About Bertrand Jayles, PhD
LinkedIn
Bertrand JAYLES, PhD is Senior Sustainability Data Scientist at EDHEC Climate Institute and focuses on climate risks and scenario analysis. Before joining EDHEC, Bertrand worked as a post-doctoral fellow at Max Planck Institute for Human Development in Berlin. He then moved to Singapore when he joined Nanyang Technological University as a Research fellow. He holds a Master’s degree in theoretical physics from Aix-Marseille University and a PhD degree from the National Centre for Scientific Research (CNRS) in Toulouse, where he specialized in social physics, a field of study at the interface of theoretical physics, behavioural economics, and social psychology. His research interests include collective behaviour, social influence, collective intelligence, social resilience, and complex networks.
About Fabien Nugier, PhD
LinkedIn
Fabien NUGIER, PhD is a member of the EDHEC Climate Institute team in Singapore, working as a researcher and developer with more than 10 years of experience in academic studies and the financial industry. After he transitioned from academics into finance, he served as a Quantitative Researcher & Developer at ADIA on investment analysis and data science tools. He leads transition risk research through the production of metrics and data tools involving carbon footprints and geospatial and traffic analysis. He holds a Master's degree in theoretical physics from the École Normale Supérieure and a PhD in cosmology from the University Pierre et Marie Curie (now Sorbonne Université), in Paris. His expertise covers several fields in theoretical physics studies, astrophysical simulations and quantitative analysis.
About Jeanette Orminski, PhD
LinkedIn
Jeanette ORMINSKI, PhD is Senior Sustainability and ESG Researcher at EDHEC Climate Institute based in Singapore. Jeanette focuses on the Green Infrastructure project and on social acceptability risk and social media. Prior to joining EDHEC, she worked as a Data Scientist at the Munich Science Communication Lab analysing the topic of Planetary Health. She received her PhD degree from the Nanyang Technological University, Singapore, in communication science, focusing on the sustainability discourse on Twitter. Her research focuses not only on the environmental and governmental sustainability but also the social pillar in climate change discourses and future risk analyses.
About Qinyu Goh
LinkedIn
Qinyu GOH is a Sustainability Data Scientist at the EDHEC Climate Institute. She holds a Master of Science (MSc) in applied urban science and informatics from New York University (2019) and a Bachelor of Science in real estate with a Minor in Geographic Information Systems (GIS) from the National University of Singapore (2018). As a Sustainability Data Scientist, Qinyu is passionate about leveraging data-driven approaches to address urban challenges and promote sustainability in infrastructure development. She specializes in quantifying physical risks and their financial impacts on infrastructure projects worldwide, using her technical skills in Python and Geographic Information Systems (GIS).
About Conor Hubert
LinkedIn
Conor HUBERT is Sustainability Research Engineer at the EDHEC Climate Institute, helping to build the science and engineering evidence to understand infrastructure's sustainability risks. He develops engineering-based research and analysis into the physical and financial risks in infrastructure that arise from its carbon emissions, environmental impacts and vulnerability to changing climate. Conor was previously Sustainability Consultant at BuroHappold Engineering, where he worked on several city and district-level masterplans creating sustainability strategies to serve the development in a sustainable and people-centric way, whilst considering phasing and cost planning. Conor holds an MEng in civil engineering from the University of Bristol.
About Thomas Lorans
LinkedIn
Thomas LORANS is Senior Research Engineer at EDHEC Climate Institute. He was previously Deputy Head of ESG and Climate Research at Scientific Portfolio, an EDHEC Venture. With eight years of experience as a quantitative ESG researcher, he has worked for organizations such as the London Stock Exchange Group, Wilshire Indexes, and Scientific Beta. He holds an MSc in applied economics from ENSAE.
Thomas is the co-author of "Beyond Carbon Price: A Scenario-Based Quantification of Portfolio Financial Loss from Climate Transition Risks", published in collaboration with Scientific Portfolio, an EDHEC joint venture. He also authored a two-part study in the FTSE Working Paper Series on assessing climate change risks for sovereign bonds. Additionally, he has delivered two editions of the course "Climate Risks in Python" at the Clermont School of Business.
About Julien Priol
LinkedIn
Julien PRIOL is a Junior ESG Researcher at EDHEC Climate Institute. Prior to joining EDHEC, Julien was a quantitative climate and financial risk analyst intern at Caisse des Dépôts, where he developed a Merton-type credit risk model related to transition risks (e.g. carbon tax). He then spent two years at Scientific Portfolio (an EDHEC venture), working on climate research applied to equity portfolio management. He holds a Master’s degree in applied mathematics from the University of Paris-Sorbonne, as well as a specialized Master’s in applied mathematics for finance from CentraleSupélec, where he focused on the quantification of physical and transition related climate risks.
About Maud Gauchon
LinkedIn
Maud GAUCHON is Marketing & Communications Manager at the EDHEC Climate Institute. She oversees communication strategies and research dissemination to maximise the Institute’s impact within the financial industry as a seasoned marketing professional with over 18 years of experience. Her expertise spans media relations, digital marketing, content strategy, event coordination, and stakeholder engagement. She joined EDHEC in 2007 as Coordinator of the PhD in Finance Program. She holds a Master’s degree in management from SKEMA Business School and dual undergraduate degrees in business administration and foreign languages from Jean Moulin Lyon 3 University.
About David Labeurthre, PhD
David LABEURTHRE, PhD, is a Senior Quantitative Researcher specializing in the development of quantitative models applied to climate finance. Previously, he was a Senior Quantitative Researcher at EthiFinance, working on credit rating methodologies, climate data downscaling, the impact of decarbonization on financial performance. He holds a PhD in Applied Mathematics under joint supervision between CEA Saclay and the University of Grenoble Alpes, and has conducted extensive research in quantitative modeling.