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
Publications
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Policy Brief
PB 2/2024: Enhancing Comparability and Credibility of Transition Plans and Transition Risk Assessment with Standardized Net Zero Scenarios
Transition plans by non-financial and financial corporates can fulfill two central purposes: they can facilitate strategic planning towards net zero 2050 while also helping detect…
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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, 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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