ERCII Academic Publications
Investigating the Influence of News Sources and Language Models on Climate Beta Estimates
The Journal of Portfolio Management, Novel Risks and Sources of Volatility Special Issue, Vol 50, Number 2, December 2023
In this article, the...
Asleep at the Wheel? The Risk of Sudden Price Adjustments
The Journal of Portfolio Management, Novel Risks and Sources of Volatility Special Issue, Vol 50, Number 2, December 2023
A large number of...
What’s in a shade? The market relevance of green bonds’ external reviews
The British Accounting Review, published online 28 October 2023.
With the growth of green bonds as an asset class, the certification of the actual...
The agency of greenwashing
The Journal of Management and Governance (2023)
As climate change increasingly challenges business models, the disclosure of firm...
Robust management of climate risk damages
Risk Management 25, 15 (2023)
The authors consider the case of a risk manager or policymaker who does not know the true climate and economic...
Asset-level climate physical risk assessment is key for adaptation finance
Climate physical risk assessment is crucial to inform adaptation policies and finance. However, science-based and transparent solutions to assess...
Optimal Climate Policy with Negative Emissions
We can limit the future temperature impact of climate change in two ways:
(i) reducing our use of CO2 emitting fuels as an energy source (...
A Sustainable Capital Asset Pricing Model (S-CAPM): Evidence from Environmental Integration and Sin Stock Exclusion
Review of Finance, Volume 26, Issue 6, November 2022
This article shows how sustainable investing—through the joint practice of exclusionary...
Climate Output at Risk
The Journal of Portfolio Management Novel-Risks 2022, Vol. 48, Issue 10
Investors and regulators are increasingly concerned that...
Sustainable investing and climate transition risk: a portfolio rebalancing approach
The Journal of Portfolio Management Novel-Risks 2022, Vol. 48, Issue 8
The authors study how greenness can be combined with other...
Multiform flood risk in a rapidly changing world: what we do not do, what we should and why it matters
Environmental Research Letters, Volume 17, Number 8
On a global scale, recent environmental, public health, socioeconomic and political...
Assessing Financial Risks from Physical Climate Shocks: A Framework for Scenario Generation
Equitable Growth, Finance & Institution Insights
Climate change has become a main concern of ministries of finance, central banks, and...
Lessons from COVID-19 for managing transboundary climate risks and building resilience
Climate Risk Management, Volume 35
COVID-19 has revealed how challenging it is to manage global, systemic and compounding crises. Like COVID-19,...
Derisking the low-carbon transition: investors’ reaction to climate policies, decarbonization and distributive effects
Review of Evolutionary Political Economy, 2022
The role of climate finance policies and instruments in scaling up and derisking low-carbon...
Climate risk and IMF surveillance policy: a baseline analysis
Climate Policy, December 2021
Europe's cross-border trade, human security and financial connections: A climate risk perspective
Climate Risk Management Volume 34, 2021.
As the impacts of climate change begin to take hold, increased attention is being paid to the...
Managing the financial risks of climate change and pandemics: What we know (and don’t know)
PERSPECTIVE| VOLUME 4, ISSUE 10, P1375-1385, OCTOBER 22, 2021.
The COVID-19 pandemic is generating the largest shock in the global...
Assessing the cascading impacts of natural disasters in a multi-layer behavioral network framework
Nature, October 2021.
Natural disasters negatively impact regions and exacerbate socioeconomic vulnerabilities. While the ...
Accounting for finance is key for climate mitigation pathways
Science Vol 372, Issue 6545.
The financial system—the ecosystem of investors (e.g., banks, investment funds, insurance), markets, and instruments—...
Compounding COVID-19 and climate risks: The interplay of banks’ lending and government’s policy in the shock recovery
Journal of Banking & Finance, Volume 136, March 2022.
Authors assess the individual and compounding impacts of COVID-19 and...
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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.
