Sustainable investments

NI

Confronted with ongoing climate change, states, companies, and investors are under pressure to invest in structural transformation. Sustainability criteria should already be considered in the investment process. How can capital flows be aligned with the necessary economic restructuring?

 

Research topics:

  • Sustainable financial products
  • Green bonds
  • Sustainability labels
  • Impact investing
  • Impact measurement
  • Divestment
  • Shareholder engagement and stewardship
  • Sustainable financial market policy
  • Investment incentives
  • International climate finance

Publications

  • Policy Brief, Sustainability Risks and Opportunities

    PB 3/2023: Climate transition plans: State of play in EU legislation and policy recommendations

    Company transition plans (of real economy and financial market actors) have the potential to become a steering instrument for directing capital flows toward climate neutrality…

    Read publication
  • Scientific publication

    Finance Research Letters: Rating changes revisited: New evidence on short-term ESG momentum

    Environmental, social and governance (ESG) ratings are mainstream in sustainable finance. This paper provides important evidence on the effects of ESG rating changes on companies’…

    Read publication
  • Scientific publication

    Environmental and Resource Economics: Low-Carbon Investment and Credit Rationing

    This paper develops a principal-agent model with adverse selection to analyse firms’ decisions between an existing carbon-intensive technology and a new low-carbon technology requiring an…

    Read publication
  • Policy Brief, Sustainability Risks and Opportunities

    PB 6/2022: The first ECB bottom-up climate stress test: dealing with data gaps and methodological challenges

    The ECB’s “SSM Climate risk stress test,” published in July 2022, provides an important step toward integrating climate change related risks into the banking system.…

    Read publication
  • Policy Brief, Sustainability Reporting, Sustainability Risks and Opportunities

    PB 5/2022: Standardized stress test scenario can improve climate risk reporting

    More and more countries, regions, cities, companies, and financial institutions are defining climate neutrality as a strategic goal. So far, however, it is not possible…

    Read publication
Alle Publikationen anzeigen

News

  • News

    Invitation to the WPSF Research Seminar

    Read more
  • Media article

    More than ‘green’ and ‘brown’: How sustainable finance can enable the transition

    Read more
  • News

    Kerstin Lopatta appointed to the EFRAG Sustainability Reporting Board

    Read more
  • News

    New Project Website

    Read more
  • Events

    No events were found!

    Show all events