We estimate nancial institutions' portfolio tilts that relate to stocks' environmental, social, and
governance (ESG) characteristics. In 2021, ESG-related tilts total 6% of the investment …

Despite increasing efforts to better understand the financial consequences of climate
change, the question of how climate-related financial risks could spill over across borders …

Capital flows in primary markets are key to the low-carbon transition, as capital raised can
finance low or high-carbon assets. Yet, fund-level climate-related disclosures have focused …

The latest European Union measures for combating climate adopted in the “Fit for 55
package” envisage the extension of the Emissions Trading System, the first “cap-and-trade” …

We estimate a large data panel of carbon emissions by US firms with a machine learning
algorithm known as XGBoost. We predict scope 1 carbon emissions of listed firms from 2002 …

Compliance carbon allowances and voluntary carbon credits are important tools to reduce
carbon emissions and align production and consumption with the Paris Agreement. The four …

This paper examines the impact of environmental incidents on stock returns and institutional
investors' trading patterns around environmental incidents, focusing on the strategic …

Abstract We employ Natural Language Processing (NLP) to scrutinize regulatory filings,
identifying institutional investors' climate change preferences and risk perceptions. These …