Climate Change

The Importance of Climate Risks for Institutional Investors

According to our survey about climate risk perceptions, institutional investors believe climate risks have financial implications for their...

The Role of Disclosure in Green Finance

We study the design features of disclosure regulations that seek to trigger the green transition of the global economy and ask...

Toxic CEOs, ESG Funds as Watchdogs, and the Labor Market Outcomes

I examine changes in CEO labor market outcomes following corporate environmental failures. CEOs of firms subject to Environmental Protection Agency...

The use of private capital to finance biodiversity conservation and restoration is a new practice in sustainable finance. This study sheds light on this...

Codification In Company Law of General CSR Requirements: Pioneering Recent French Reforms and EU Perspectives

This paper deals mainly with recent French and European developments regarding integration of CSR requirements into company law. The new provisions of...

Climate Risk and Capital Structure

We use firm-level data that measure forward-looking physical climate risk to examine the impact of climate risk on capital structure. We find that...

Green Energy Depends on Critical Minerals. Who Controls the Supply Chains?

In light of the transition away from fossil fuel–based energy, this paper highlights the importance of understanding who controls vital parts of the...

Private Companies: The Missing Link on The Path to Net Zero

Global consensus is growing on the contribution that corporations and finance must make towards the net-zero transition in line with the Paris...

Climate change is the biggest environmental challenge facing the world today, and corporate commitments to decarbonization are vital to combat this...

Outsourcing Climate Change

This paper examines whether and how firms combat climate change. Our study provides robust evidence that firms outsource part of their carbon emissions...

The Making and Meaning of ESG

ESG is one of the most notable trends in corporate governance, management, and investment of the past two decades. It is at the center of the largest and...

Companies that have announced climate targets (for instance: becoming “net zero” by 2050) represent a market capitalization of over $20 trillion....