Schedule – work in progress

08:15 – 09:00

Registration for morning workshop

School of Management Student Commons

09:00 – 12:00

Side Event: The Robustness and Integrity of Net Zero Commitments of Financial Sector Organisations

School of Management 4420

Moderator: Simon Dikau (LSE)

Data quality in the spotlight: a Hybrid-LCA approach to evaluating reported corporate carbon footprints

De-risking Net-Zero through Offset Insurance: A Proposal

Finance for Zero: Redefining Financial-Sector Action to Achieve Global Climate Goals

Prudential transition plans: the potential of a new regulatory instrument and a research agenda

The Distributional Costs of Net-Zero: A Heterogeneous Agent Perspective

09:00 – 12:00

PhD Workshop

For PhD students

School of Management 4430

Moderator: Todd Cort (Yale University)

Fireside chat with Ahyan Panjwani (Federal Reserve Board)

Did we open the floodgates? Flood Damage and Infrastructure Loan Defaults

Do Green Financial Policies Offset the Climate Transition Risk Penalty Imposed on Long-Term Sovereign Bond Yields?

ESG in Private Equity: ESG Portfolio Footprints, Operational Levers and Financial Returns

Fireside chat with Ahyan Panjwani (Federal Reserve Board)

Green Investors and Green Transition Efforts: Talk the Talk or Walk the Walk?

12:00 – 13:00

Lunch

New Haven Lawn Club

12:30 – 13:30

Registration

School of Management Student Commons

13:30 – 15:00

Welcome and Opening Plenary on Net Zero

School of Management Zhang Auditorium

15:00 – 16:30

Stream A: Climate policy and litigation

School of Management 2400

Moderator: Susanna Gibbons (University of Minnesota)

Climate policy does not discourage oil and gas investments and requires global coordination

Financial Market Response to Climate Litigation Against Corporations

15:00 – 16:30

Stream B: Portfolio Management

School of Management Forum

Moderator: Wei Huang (University of Hawaii at Manoa)

Does the market value impact investing and socially responsible investing?

ESG as a Protection Against Downside Risk

Material ESG Alpha: A Fundamentals-Based Perspective

17:00 – 18:30

Stream A: Transition Risks

School of Management 2400

Moderator: Eli Fenichel (Yale University)

Climate transition risks and financial stability

Institutional Investors and Transition Risks: Evidence from Global Portfolios

Universal Ownership and the Polycrisis: Social Norms, Feedback Loops, and the Double Hermeneutic

17:00 – 18:30

Stream B: ESG Ratings

School of Management Forum

Moderator: Kathy Hipple (Bard College)

The complex materiality of ESG ratings: Evidence from actively managed ESG funds

The Economic Impact of ESG Ratings

The Market for ESG Ratings

19:00 – 21:00

Gala Dinner

New Haven Lawn Club

08:00 – 08:45

Breakfast

School of Management Student Commons

08:45 – 10:15

Plenary: Is the Anti-ESG Movement a Threat for Sustainable Investing and Businesses?

School of Management Zhang Auditorium

10:45 – 12:15

Stream A: Impact Investment

School of Management 2400

Moderator: Bruce Usher (Columbia University)

Exit vs Voice Vs Denial of (Re)Entry: Assessing investor impact mechanisms on corporate climate transition across asset classes

Long-run Returns to Impact Investing in Emerging Market and Developing Economies

Pricing Investor Impact

10:45 – 12:15

Stream B: SRI and Negative screening

School of Management 4420

Moderator: Yumeng Gao (Yale University)

Measuring Business Social Irresponsibility: The Case of Sin Stocks

The Curse of Green Shareholder Oversight: Evidence from Emission Spillover of Divested Plants

The effect of Divestment from ESG Exchange Traded Funds

12:30 – 13:45

Lunch

New Haven Lawn Club

14:00 – 15:30

Stream A: Central Banking

School of Management 4420

Moderator: Ahyan Panjwani (Federal Reserve Board)

A Divine Coincidence? Do Renewables Shield Inflation from Fossil Fuel-price Fluctuations?

Don’t Lead Me This Way: Central Bank Guidance at the Age of Climate Change

Green Asset Pricing

14:00 – 15:30

Stream B: Noise and Investment Behaviours

School of Management 2400

Moderator: Edward Watts (Yale University)

Altruists going on an ego trip: Beliefs and ambiguity attitudes in socially responsible investment

ESG Confusion and Stock Returns: Tackling the Problem of Noise

Sustainability, Prices and Emotions

16:00 – 17:30

Stream A: Biodiversity Finance

School of Management 2410

Moderator: John Tobin de la Puente (Cornell University)

Biodiversity Management and Stock Price Crash Risk

Devising Nature-Aligned Finance

The Market Effect of Acute Biodiversity Risk: the Case of Corporate Bonds

16:00 – 17:30

Stream B: Technology and Data

School of Management 4420

Moderator: Todd Cort (Yale University)

Managerial forward-looking and firm environmental risk: Evidence from a machine learning approach

The thematic content of ESG reports: A topic modeling approach

Using Graph Deep Learning to Trace Indirect Sourcing in Agricultural Supply Chains

18:30 – 21:00

Informal Dinner

Bar New Haven

08:00 – 08:45

Breakfast

School of Management Student Commons

08:45 – 10:15

Plenary: What are investors’ key research needs?

Zhang Auditorium

10:45 – 12:15

Stream A: Fixed Income Instruments

School of Management 2400

Moderator: Anya Nakhmurina (Yale University)

Investors in Green Bonds

Notes on Risk-Neutral Pricing of SLBs and Step-down Structures

The EU Taxonomy and the Syndicated Loan Market

10:45 – 12:15

Stream B: Firm Performance

School of Management Zhang Auditorium

Moderator: Carlos Vargas (Tecnológico de Monterrey)

Decision rules for corporate investment

Drivers of Firm Investment in Low and High-Carbon Energy: Capital Markets and Climate Policy

Estimating the Impact of Physical Climate Risks on Firm Defaults: A Supply-Chain Perspective

12:30 – 13:45

Lunch

New Haven Lawn Club

14:00 – 15:30

Closing Plenary: Final Address and Awards

Closing address and awards ceremony

School of Management Zhang Auditorium

16:00 – 17:30

Yale University Campus and Art Tour

For those not attending the AGM

16:00 – 17:30

AGM: GRASFI members

GRASFI members only

Yale School of Management Room 2400

https://sustainablefinancealliance.org/