This paper examines the effects of corporate green bond issuances on earnings forecasts of equity analysts. Analyzing a global sample of listed companies from 40 countries, we find that analyst earnings forecasts become more accurate after green bond issuances. Green bond issuances attract attention from analysts, media, and institutional investors. The improvement in analyst forecast accuracy is more pronounced for firms offering greater accessibility to green bond related information, such as post-issuance reports. The effect is also stronger in countries with less stringent prior disclosure requirements. Overall, our findings demonstrate that equity
analysts integrate unique information from green bond issuances into their earnings forecasts.
