Sustainable investments


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


  • 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, 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…

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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

    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’…

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  • 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…

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Alle Publikationen anzeigen


  • Singapore Media article

    „Greenhouse Gas Protocol: Asia-Pacific firms have work cut out on meeting climate-disclosure requirements, executive implementing standard says“

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  • News, Sustainability reporting

    Alexander Bassen leads GHG Protocol’s new Independent Standards Board

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  • News

    Invitation to the WPSF Research Seminar

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  • Media article

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

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