Are investors being misled by grand green claims, attached to pricy financial products?
The Globe and Mail 26/11/2021
"(...) But apart from paying substantially higher fees, some evidence suggests that investors may have little to show for their interest in saving the environment from polluters.
A recently released report from the EDHEC-Risk Institute, a department within the France-based business school, looked at the extent to which climate-aware institutional investors can influence corporate carbon emissions. The authors, Gianfranco Gianfrate, Tim Kievid and Angelo Nunnari, studied 6,392 firms in 68 countries between 2007 and 2018.
Their conclusion: On average, there was no meaningful carbon footprint reduction during the decade, and the reduction was slight even among the biggest polluters. (...)"
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Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
