Sustainable finance: a journey toward ESG and climate risk
- The present paper proposes an overview of the existing literature covering several aspects related to environmental, social, and governance (ESG) factors. Specifically, we consider studies describing and evaluating ESG methodologies and those studying the impact of ESG on credit risk, debt and equity costs, or sovereign bonds. We further expand the topic of ESG research by including the strand of the literature focusing on the impact of climate change on financial stability, thus allowing us to also consider the most recent research on the impact of climate change on portfolio management.
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| Author: | Monica BillioORCiDGND, Michele CostolaORCiD, Iva HristovaGND, Carmelo LatinoORCiD, Loriana PelizzonORCiDGND |
|---|---|
| URN: | urn:nbn:de:hebis:30:3-646023 |
| URL: | https://ssrn.com/abstract=4093838 |
| DOI: | https://doi.org/10.2139/ssrn.4093838 |
| Parent Title (English): | SAFE working paper ; No. 349 |
| Series (Serial Number): | SAFE working paper (349) |
| Publisher: | SAFE |
| Place of publication: | Frankfurt am Main |
| Document Type: | Working Paper |
| Language: | English |
| Year of Completion: | 2022 |
| Year of first Publication: | 2022 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2022/05/04 |
| Tag: | Environmental, social, and governance factors (ESG); credit risk; debt cost; equity cost; portfolio management; sovereign bonds |
| Issue: | April 26, 2022 |
| Page Number: | 61 |
| Note: | The authors acknowledge the financial support of European Investment Bank (EIB) for the project “ESG-Credit.eu - ESG Factors and Climate Change for Credit Analysis and Rating”. Carmelo Latino and Loriana Pelizzon gratefully acknowledge research and financial support from the Leibniz Institute for Financial Research SAFE, Frankfurt. |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF) | |
| Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE) | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Deutsches Urheberrecht |
