Publications

All publications

• 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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• Scientific publication

  The Energy Journal: Financing Power: Impacts of Energy Policies in Changing Regulatory Environments

  Power systems with increasing shares of wind and solar power generation have higher capital costs and lower operational costs than power systems based on fossil…

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• Scientific publication

  Intereconomics: The European Green Deal — More Than Climate Neutrality

  The European Green Deal aims at climate neutrality for Europe by 2050, implying a significant acceleration of emission reductions. To gain the necessary support, it…

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• Scientific publication

  Climate Policy: A green COVID-19 recovery of the EU basic materials sector: identifying potentials, barriers and policy solutions

  This paper explores climate-friendly projects that could be part of the COVID-19 recovery while jump-starting the transition of the European basic materials industry. Findings from…

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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 Portfolio Management: Get green or die trying? Carbon risk integration into portfolio management

  Portfolio management is confronting climate change more strongly and rapidly than expected. Risks arising from the transition from a brown, carbon-based to a green, low-carbon…

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• Scientific publication

  The Accounting Review: Spillover effects of tax avoidance on peers’ firm value

  This research examines spillover effects of tax avoidance on peers’ firm value using the setting of the European Commission’s state aid investigations of private letter…

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