Registration is open Conference: 25 – 27 August 2025 in Paris.

7th Annual GRASFI Conference at Singapore Management University

It's a wrap

2-4 September 2024

Hosted by Singapore Management University

Browse the research papers on the conference schedule

2-4 September 2024: The Annual Conference

The 7th Annual GRASFI Conference is hosted by Singapore Management University
and the Singapore Green Finance Centre.

Registration is closed

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Discover the Conference Schedule

8:00 – 13:25

PhD Workshop

Location: Mochtar Riady Auditorium

Moderator: Hao Liang (Singapore Management University)

Papers Presented:

Can Investor Coalitions Regulate Corporate Climate Action?

How you measure transition risk matters: Comparing and evaluating climate transition riskmetrics

Real Effects of Carbon Financialization

12:30-13:30

Registration for Main conference

Location: Mochtar Riady Auditorium Foyer (Level 5), SMU Administration Building, 81 Victoria Street, Singapore

Papers Presented:

13:30-13:45

Welcome Address

Location: Mochtar Riady Auditorium (Level 5)

Papers Presented:

13:45-14:00

Keynote Speech

Location: Mochtar Riady Auditorium (Level 5)

Papers Presented:

14:00 – 15:30

Plenary Session – Impact Investing

Location: Mochtar Riady Auditorium (Level 5)

Moderator: Hao Liang (Singapore Management University)

Papers Presented:

15:30-16:00

Coffee Break

Location: MRA Foyer (Level 5)

Papers Presented:

16:00-17:30

Research Presentations: Impact of Regulation

Location: Seminar Room 4-2 (Level 4)

Moderator: Geoffrey Hopwood, Head of Sustainability Development & Content (Standard Chartered Bank)

Papers Presented:

Residential Rent Externalities of Photovoltaic Systems: The Relevance of View

Sustainable Finance Disclosure Regulation: Voluntary Signaling or Mandatory Disclosure?

The Value of Environmental Monitoring

16:00-17:30

Research Presentations: Trade-offs in Sustainable Investment

Location: Seminar Room 4-1 (Level 4)

Moderator: Chen Xiang, Deputy General Manager (Bank of China)

Papers Presented:

Biodiversity and Climate: Friends or Foes?

Intermediary Capital and Financing Sustainable Investment

Weitzman Meets Taylor: EU Allowances Futures Price Drivers and Carbon Cap Rules

16:00-17:30

Research Presentations: Greenwashing

Location: Mochtar Riady Auditorium (Level 5)

Moderator: Kelvin Tan, Head of Sustainable Finance and Investments, ASEAN (HSBC)

Papers Presented:

Can Investors Curb Greenwashing?

Corporate Climate Lobbying

Greenwashing: Measurement and Implications

18:30-21:00

Gala Dinner

Location: Marina Bay Sands Convention Centre, 10 Bayfront Avenue, Level 4, Melati Junior Ballroom

Papers Presented:

08:00-08:45

Morning Coffee and Refreshments

Location: Mochtar Riady Auditorium Foyer (Level 5)

Papers Presented:

8:45-10:15

Research Presentations: Investor Preferences I

Location: Mochtar Riady Auditorium (Level 5)

Moderator: Chris Durack, Head of Asia Pacific (Schroders)

Papers Presented:

Decoding Sustainable Investment Strategies: Bridging Intentions and Actions

Renaming with purpose: Investor response and fund manager behaviour after fund ESG-renaming

Rich and Responsible: Is ESG a Luxury Good?

8:45-10:15

Research Presentations: Debt pricing of Climate Transition

Location: Seminar Room 4-2 (Level 4)

Moderator: Luca Taschini (University of Edinburgh)

Papers Presented:

Do ESG investors care about carbon emissions? Evidence from securitized auto loans

Funding the Fittest? Pricing of Climate Transition Risk in the Corporate Bond Market

Pricing the Priceless: The Financial Cost of Biodiversity Conservation

8:45-10:15

Research Presentations: Governance and Activism

Location: Seminar Room 4-1 (Level 4)

Moderator: Weikai Li (Singapore Management University)

Papers Presented:

Corporate Social Responsibility Committee: International Evidence

Financial Market Structure for ESG Integration

Institutional investors’ behind-the-scene monitoring and ESG disclosure

10:15-10:45

Coffee Break

Papers Presented:

10:45 -12:15

Plenary Session – Nature and Biodiversity Finance

Location: Mochtar Riady Auditorium (Level 5)

Moderator: Nikki Kemp, Executive Director (Singapore Green Finance Center)

Papers Presented:

12:15 –13:45

Lunch

Location: Mochtar Riady Auditorium Foyer (Level 5)

Papers Presented:

14:00-15:30

Research Presentations: Investor Preferences II

Location: Mochtar Riady Auditorium (Level 5)

Moderator: Zhu Qifei (National University of Singapore)

Papers Presented:

A Breath of Change: Can Personal Exposures Drive Green Preferences?

Do advisors respond to investors’ preferences?

Do Financial Advisors Charge Sustainable Investors a Premium?

14:00-15:30

Research Presentations: Climate Beta

Location: Seminar Room 4-2 (Level 4)

Moderator: Raffaele Della Croce, Co-Director of Singapore Green Finance Centre and Advanced Research Fellow, Centre for Climate Finance & Investment (Imperial College Business School)

Papers Presented:

Are Hedge Funds Exploiting Climate Concerns?

Local Ownership and Price Discovery around Extreme Weather Events

14:00-15:30

Research Presentations: Credibility and Accountability

Location: Seminar Room 4-1 (Level 4)

Moderator: Peter Tankov (ENSAE)

Papers Presented:

Accountability of Corporate Emissions Reduction Targets

Carbon Offsets: Decarbonization or Transition-Washing?

On the Importance of Assurance in Carbon Accounting

15:30-16:00

Coffee Break

Location: Mochtar Riady Auditorium Foyer (Level 5)

Papers Presented:

16:00-17:30

Plenary Session – Resilient Cities

Location: Mochtar Riady Auditorium (Level 5)

Moderator: Winston Chow Professor of Urban Climate (Singapore Management University) and Co-Chair of IPCC Working Group 2.

Papers Presented:

17:30- 18:30

SMU City Campus Tour

Papers Presented:

18:30- 21:00

Dinner

Location: 1 Empress Place, #01-03 Asian Civilisations Museum

Papers Presented:

08:00-08:45

Morning coffee and Refreshments

Location: Mochtar Riady Auditorium Foyer (Level 5)

Papers Presented:

08:45- 10:15

Research Presentations: Funding Effect of ESG Ratings and Disclosures I

Location: Mochtar Riady Auditorium (Level 5)

Moderator: Elettra Agliardi (University of Bologna)

Papers Presented:

ESG Reporting Divergence

Is ESG a Sideshow? ESG Perceptions, Investment, and Firms’ Financing Decisions

Startups’ Strategies for Green Funding Adoption

08:45- 10:15

Research Presentations: Communication and Perception

Location: Seminar Room 4-2 (Level 4)

Moderator: Joris Dierckx, CEO Singapore & Regional Head of Southeast Asia (BNP Paribas)

Papers Presented:

How do individuals perceive the EU taxonomy?

One Hundred and Thirty Years of Corporate Responsibility

08:45- 10:15

Research Presentations: Corporate Real Action

Location: Seminar Room 4-1 (Level 4)

Moderator: Michael Wilkins, Executive Director – Centre For Climate Finance And Investment (Imperial College)

Papers Presented:

Opening the Brown Box: Production Responses to Environmental Regulation

Production Leakage: Evidence from Uncoordinated Environmental Policies

The CO2 Question: Technical Progress and the Climate Crisis

10:15-10:45

Coffee Break

Location: Mochtar Riady Auditorium Foyer (Level 5)

Papers Presented:

10:45- 12:15

Research Presentations: Funding Effect of ESG Ratings and Disclosures II

Location: Mochtar Riady Auditorium (Level 5)

Moderator: Elettra Agliardi (University of Bologna)

Papers Presented:

Climate Talk in Earnings Calls: Effects on Analyst Forecasts and Environmental Strategies

ESG Incidents and Fundraising in Private Equity

Involuntary Disclosures Through Climate Litigations: Impact on Investors and Corporate Policies

10:45- 12:15

Research Presentations: Executives and Climate Risk

Location: Seminar Room 4-1 (Level 4)

Moderator: Johan Sulaeman (National University of Singapore)

Papers Presented:

Does Higher Risk Require More Rewards? Firm-Level Climate Risk and Top Executives’ Compensations

Managerial Career Concerns and Corporate Environmental Policies

Social Networks and Corporate Environmental Policy

12:15- 13:45

Lunch

Location: Mochtar Riady Auditorium Foyer (Level 5)

Papers Presented:

14:00- 15:30

Closing Address and Awards

Location: Mochtar Riady Auditorium (Level 5)

Papers Presented:

16:00- 17:30

Annual General Meeting of GRASFI Member Universities

Location: Singapore Management University: Seminar Room 4-1 (Level 4)

Papers Presented:

16:00 and 17:00

Art Collection Tour

Papers Presented:

Annual Conference News

18 December 2024

2025 Annual Conference in Paris – save the date

4 September 2024

Research Prizes at 2024 Annual Conference in Singapore

13 August 2024

Best Paper Prize Winners at GRASFI’s 2023 Annual Conference