In this article, we review the literature studying interactions between climate change and
financial markets. We first discuss various approaches to incorporating climate risk in …

This article reviews how climate change could be considered an additional source of market
risk. I discuss the types of data needed to analyse the climate risk drivers that shape the …

Green assets delivered high returns in recent years. This performance reflects unexpectedly
strong increases in environmental concerns, not high expected returns. German green …

In this address, I discuss differences across investor and manager motivations for
considering sustainable finance—value versus values motivations—and how these …

We survey 861 finance academics, professionals, and public sector regulators and policy
economists about climate finance topics. They identify regulatory risk as the top climate risk …

This study presents a new measure of uncertainty related to climate policy, based on news
from major US newspapers. The Climate Policy Uncertainty (CPU) index spikes near …

Using the newly proposed textual-based climate policy uncertainty index of Gavriilidis
(2021), we provide the first empirical evidence that climate policy uncertainty is a significant …

We examine the role of ESG performance during market-wide financial crisis, triggered in
response to the COVID-19 global pandemic. The unique circumstances create an inimitable …

We develop a method that identifies the attention paid by earnings call participants to firms'
climate change exposures. The method adapts a machine learning keyword discovery …

We analyze the ESG rating criteria used by prominent agencies and show that there is a lack
of a commonality in the definition of ESG (i) characteristics,(ii) attributes and (iii) standards in …