Affiliation:
1. University of Geneva and Swiss Finance Institute
2. Frankfurt School of Finance & Management
3. McCombs School of Business, University of Texas at Austin
Abstract
Abstract
According to our survey about climate risk perceptions, institutional investors believe climate risks have financial implications for their portfolio firms and that these risks, particularly regulatory risks, already have begun to materialize. Many of the investors, especially the long-term, larger, and ESG-oriented ones, consider risk management and engagement, rather than divestment, to be the better approach for addressing climate risks. Although surveyed investors believe that some equity valuations do not fully reflect climate risks, their perceived overvaluations are not large.
Publisher
Oxford University Press (OUP)
Subject
Economics and Econometrics,Finance,Accounting
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