BU Impact Measurement & Allocation Program (IMAP)
BU Impact Measurement & Allocation Program (IMAP)
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Making ESG Research More Trustworthy
Replications of five of the most important ESG studies have uncovered evidence challenging their methods, logic, or findings. More replications and analyses are ongoing. Professor Andy King will describe his replication of “The Impact of Corporate Sustainability on Organizational Processes and Performance,” by Eccles, Ioannou, and Serafeim. He will also discuss the status of replications of other influential ESG studies. There will be time for discussion about how ESG research can be made more trustworthy.
Andrew King of Boston University’s Questrom School of Business presented this talk at the December 12, 2024, IMAP Lunch Seminar. This video has been edited, and some of the Q&A portions of the live event have been deleted.
มุมมอง: 4

วีดีโอ

Climate Solutions, Transition Risk, and Stock Returns
มุมมอง 1128 วันที่ผ่านมา
Professor Eddie Riedl discussed his paper outlining a novel approach to assessing business climate transition risk: i.e., the risks to firms in a transition to a low carbon economy. Prior work considers transition risk primarily through the lens of negative outcomes, such as increased costs due to more regulated carbon emissions. This paper takes an alternative and complementary perspective. It...
Climate Scorpion - The Sting is in the Tail
มุมมอง 282 หลายเดือนก่อน
Climate-scenario modeling is an important tool used by financial services to investigate how different combinations of risks could impact the future solvency of a financial entity and what action could be taken to mitigate those risks. Our research shows that current climate-scenario modeling excludes many of the most severe impacts we can expect from climate change, including tipping points an...
Climate Risk IS Financial Risk
มุมมอง 534 หลายเดือนก่อน
Investors around the world are recognizing climate change as a material risk to their portfolios, but addressing it demands innovative thinking and strategy. Panelists will discuss the challenges involved in integrating climate factors into investment decision making, as well as the efforts that are being made to overcome them by asset owners, asset managers and other financial industry stakeho...
Mitigation of Shipping CO2 Emissions
มุมมอง 116 หลายเดือนก่อน
Neither international treaties nor domestic policies currently control carbon dioxide (CO2) emissions from international shipping. This presentation explores how these emissions could be included in national carbon budgets, where five different options could be used based on the location of industry actors and ships. The analysis shows that a clear majority of CO2 emissions would be distributed...
Common Environmental Scoring of Fossil Fuels for Foreign Trade and Investment Decisions
มุมมอง 178 หลายเดือนก่อน
Investment communities are searching for reliable sources of data in the environmental, social, and governance (ESG) spheres. These data can aid wise allocation of capital, to the benefit of individual market participants and the economy as a whole. However, difficulties in finding and weighing ESG data have, to a certain extent, cast doubt on the entire ESG scoring enterprise. A similar proble...
Pharmaceutical Industry Reporting on Access
มุมมอง 118 หลายเดือนก่อน
The pharmaceutical industry plays an important role in the global effort to achieve universal health coverage (UHC). Accessing essential medicines and related health products remains a challenge in many parts of the world. Companies have made substantial investments over the last decade in access partnerships in low- and middle-income countries. Furthermore, companies are increasingly integrati...
Who does not care loses: Ethical governance and the bottom line
มุมมอง 3210 หลายเดือนก่อน
In the ESG arena, the E is getting the majority of the attention, and the S closely follows, while the G, even though holding the key to the E and the S, comes almost as an afterthought. In a joint study, a team from Boston University led by Irena Vodenska, advised by a team from Fidelity Investments led by Michael Robertson, examine the relationship between corporate governance factors and fir...
What do shareholders want?
มุมมอง 11911 หลายเดือนก่อน
Shareholders want a firm's objective function to place some weight on consumer welfare, motivated by both self-interested and altruistic motivations. Firms have a unique technology for improving consumer welfare: lowering inefficient price markups, which increases consumer welfare more than it lowers profits. Optimal pricing formulas can be adapted to account for shareholders' marginal rate of ...
Predicting the Success of Utility Climate Targets
มุมมอง 12ปีที่แล้ว
Whether or not a utility company achieves its climate targets is crucial information for investors, asset managers, and researchers. Increasingly, utilities are announcing carbon targets to signal their commitment towards achieving global climate goals. They are retiring their fossil fuel assets - sometimes earlier than their operational lifetime - and replacing them with clean energy infrastru...
The 51 Percent Project and Finance Professionals
มุมมอง 33ปีที่แล้ว
Sarah Finnie introduced the 51 Percent Project and shared her personal journey from being disengaged about climate change to becoming an alarmed activist. The 51 Percent Project identifies best practices for effective communication about climate change; its name references the growing majority of Americans who now say they are seriously concerned about climate change. The Project has identified...
Towards a Model of Corporate Carbon Risk in Utilities; Jan 19 2023
มุมมอง 37ปีที่แล้ว
How do we know if a company will meet its future carbon emissions targets? What kind of data should we be looking at? What kind of predictive model will tell us what we need to know? This research presentation explores how we can determine the likelihood that US-based utilities will meet their future corporate carbon commitments. The research group headed up by Nalin Kulatilaka, Susan Fredholm ...
Green Investors are Green Consumers; Nov 17, 2022
มุมมอง 34ปีที่แล้ว
We bring investors with preferences for green assets to a general equilibrium setting in which they also prefer consuming green goods. Their preferences for green goods induce consumption premia on expected returns that counterbalance the green premium stemming from their preferences for green assets. Because they provide a hedge when green goods become expensive, brown assets command lower con...
ESG Risk Disclosures: The Predictive Ability of SASB Recommendations versus Industry Best Practices
มุมมอง 87ปีที่แล้ว
This project examines the predictive ability of ESG risk disclosures. We use a textual analysis-based approach to derive measures assessing firms’ material ESG risk disclosures with respect to two benchmarks: SASB recommendations, discerned through analysis of the Materiality Map applied to the risk factors section of firms’ 10-Ks; and industry best practice, discerned using the ESG risks discl...
Business Risks Due to Biodiversity Loss in Indonesia
มุมมอง 13ปีที่แล้ว
Sucharita Gopal and Mira Kelly-Fair (both of BU Earth & Environment Department) talk about their research into palm oil production and the associated loss of rain forest and biodiversity when plantations are expanded in Indonesia and Malaysia. Their research finds significant deforestation between 2000 and 2021. They also spoke about their future research goals, including developing an interact...
Disinformation and Native Advertising about Climate Change: Identifying ESG Claims
มุมมอง 23ปีที่แล้ว
Disinformation and Native Advertising about Climate Change: Identifying ESG Claims