Thomas GIROUX

ENSAE

Présentation

Thomas Giroux received rigorous academic training in economics and applied mathematics, specializing in quantitative finance at ENS Paris-Saclay and ENSAE Paris. He developed a deep understanding of the financial challenges hindering efforts to address climate change, biodiversity loss, and related social issues. His research and professional activities focus on bridging these financial gaps. He is a PhD candidate in finance at CREST, a joint research laboratory of ENSAE Paris and École Polytechnique, and a quantitative researcher and global equity portfolio manager at Mirova, an asset management company dedicated to sustainable investments. He co-leads the Mirova Research Center, which aims to connect academic research with industry practices. His research focuses on sustainable finance, with particular emphasis on climate and biodiversity finance, private assets, blended finance, double materiality, impact investing, dynamic asset pricing, and extreme risk modeling. Thomas Giroux has published several significant papers, including “Biodiversity Finance” (Journal of Financial Economics), which examines the role of private capital in biodiversity conservation, and “The Biodiversity Premium” (Ecological Economics), which documents a biodiversity-related risk premium affecting expected returns. His paper “Empirical Asset Pricing with Score-Driven Conditional Betas” (Journal of Financial Econometrics) introduces a new framework for estimating time-varying risk premia. Additionally, he has a working paper on blended finance, exploring the use of public and philanthropic funding to mobilize private capital for sustainable development. His contributions to the field have been recognized with a Fulbright France doctoral scholarship to visit Columbia University during his PhD, as well as an AF2I young researcher grant for research on private assets and blended finance.