Publications

All publications

• Scientific publication

  Climate and Development: A focus on market imperfections can help governments to mobilize private investments in adaptation

  Climate change requires significant adaptation of economies, and the largest part of most economies is composed of private sector actors. In this Viewpoint, we argue…

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• Scientific publication

  Asia-Pacific Financial Markets: Values-based and global systemically important banks: their stability and the impact of regulatory changes after the financial crisis on it

  We study the financial stability of Values-Based Banks (VBBs) and Global Systemically Important Banks (GSIBs), and how regulatory changes in the aftermath of the financial…

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• Scientific publication

  Review of Managerial Science: The pricing of green bonds: external reviews and the shades of green

  We investigate the asset pricing implications of the greenness of bonds. To estimate a green-pricing effect, we determine the ‘green bond premium’ as the difference…

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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, Sustainability Risks and Opportunities

  PB 9/2021: The EU sustainable finance strategy – Implications for the future German Federal Government

  The EU’s revised sustainable finance strategy confirms the important role of the financial sector in the sustainability transition of the economy, but does not sufficiently…

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• Policy Brief, Sustainability Reporting

  PB 8/2021: Why it would be important to expand the scope of the Corporate Sustainability Reporting Directive and make it work for SMEs

  Since the introduction of the NFRD in 2014, demand for sustainability information has significantly increased, but actual sustainability reporting has not kept up. Thus, the…

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• Policy Brief, Sustainability Reporting

  PB 7/2021: What information is relevant for sustainability reporting? The concept of materiality and the EU Corporate Sustainability Reporting Directive

  Today, the demand for companies to disclose non-financial information is driven by a keen interest of a wide range of institutions, including governments, financial supervisory…

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• Policy Brief, Sustainability Risks and Opportunities

  PB 5/2021: Scenario Analysis as a Tool for Companies, Investors, and Regulators on the Path to Climate Neutrality

  The structural transformation necessary for achieving climate neutrality is characterized by many interdependent changes. Shaping the transition to a zero-emissions economy cannot be based on…

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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 Sustainable Finance & Investment: The EU sustainable finance taxonomy and its contribution to climate neutrality

  The EU Taxonomy is the first standardised and comprehensive classification system for sustainable economic activities. It covers activities responsible for up to 80% of EU…

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