Prof. Dr. Marco Wilkens
Marco Wilkens holds the Chair of Finance and Banking at the University of Augsburg. His research in the field of sustainable finance focuses on the impact of sustainable financial products, especially investment funds, the quantification and management of risks in connection with the transformation process of the economy towards the green economy, and climate change-related scenario analyses in the risk management of the financial industry.
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Policy Brief
PB 6/2024: Why Do Investors Pay Higher Fees for Sustainable Investments? The role of financial literacy
The growing supply of sustainable investments, along with increased media attention and EU regulations (like the MiFID II amendments of 20211 and the introduction of…
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Policy Brief
PB 1/2024: Climate Risks and the Cost of Debt: Why Climate Policy Matters
Climate policy is key to achieving the required CO2 emission reductions for the transition towards a sustainable low-carbon economy. Climate policy causes direct and indirect…
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Policy Brief
PB 2/2023: The role of sustainable investments in the transformation: (further) education as a key element
Sustainable investments can be an important building block in the transformation of the economy and society. There has recently been a growing interest in sustainable…
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Scientific publication
Climate Policy: Financing the transformation: a proposal for a credit scheme to finance the Paris Agreement
To achieve the goals of the Paris Agreement, massive investments in the real economy are needed. We propose providing long-term interest subsidized loans to companies…
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Scientific publication
NGFS occasional paper: A case study of environmental risk analysis methodologies: CARIMA – a capital market-based approach to quantifying and managing transition risks (UA & VfU)
The impact of uncertainty associated with the ongoing transition towards a green and in particular low-carbon economy affects virtually all financial market participants. If the…
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Scientific publication
Journal of Portfolio Management: Do Corporate Carbon Emissions Data Enable Investors to Mitigate Climate Change?
Investors play an important role in combating climate change. We examine several types of currently available carbon emissions data in their capacity to enable investors…
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Policy Brief
PB 10/2021: Equity portfolio divestment leads to lower CO2 emissions
To achieve climate goals, financial flows must be redirected from climate-damaging to climate-friendly economic activities. A key approach is divestment, i.e., the systematic sale of…
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Policy Brief, Sustainability Reporting
PB 2/2021: Investors Face Challenges with Corporate Carbon Emissions Data – Call for a Mandatory Disclosure Regulation
In this policy brief, we discuss the importance, availability, and quality of carbon data to investors who wish to mitigate climate change. In the absence…
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Scientific publication
Journal of Banking & Finance: The effects of mutual fund decarbonization on stock prices and carbon emissions
This study seeks to determine whether mutual fund decarbonization affects the stock prices of divested firms and contributes to the reduction of these firms’ carbon…
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Scientific publication
Journal of Asset Management: Herds on green meadows: the decarbonization of institutional portfolios.
We analyze an emerging sustainable trend in asset management: the decarbonization of institutional portfolios. By using broad institutional ownership data, we show that investors exhibit…
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