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'ESG Financial Regulation and Reporting – Finding a Clear Way Forward' (2015-2016 Paper Series) : Part One: ESG Financial Reporting — The Business Case for Alignment and Direction...

Lowson, Esq., Linda M. - 2015

This paper, Part One of a 2015-2016 Paper Series, examines the need for ESG data transparency, consistency, and reliability. It identifies (i) the three main drivers creating the rising global capital market systemic risk caused by unrecognized, under-reported, and under-valued ESG risks; (ii)...

Persistent link: https://www.econbiz.de/10013014255

Implications of Investor-Focused ESG Reporting … and Misreporting

Friedman, Henry L.; Heinle, Mirko Stanislav; Luneva, Irina - 2023

Firms and jurisdictions worldwide are adopting ESG reporting in various forms. To better understand potential … implications of ESG reporting, we develop a model in which a firm provides ESG and financial reports to investors. Investors price … the firm's stock, and stock prices provide both real and reporting incentives to management. We characterize how the …

Persistent link: https://www.econbiz.de/10014359352

ESG Assurance in the United States

Gipper, Brandon; Ross, Samantha; Shi, Shawn X. - 2022

show that firms’ decisions to obtain ESG assurance is primarily driven by their adoption of ESG reporting frameworks, such … assuror expertise in ESG reporting frameworks and measurement standards relates to assurance and supports the disclosure of …

Persistent link: https://www.econbiz.de/10014238361

Pathways to materiality : how sustainability issues become financially material to corporations and their investors

Rogers, Jean; Serafeim, George - 2019

Management and disclosure of environmental, social and governance (ESG) issues have received substantial interest over the last decade. In this paper, we outline a framework of how ESG issues become financially material, affecting corporate profitability and valuation. We argue that...

Persistent link: https://www.econbiz.de/10012174631

A Response to Calls for SEC-Mandated ESG Disclosure

Rose, Amanda M. - 2021

This Article responds to recent proposals calling for the SEC to adopt a mandatory ESG-disclosure framework. It illustrates how the breadth and vagueness of these proposals obscures the important—and controversial—policy questions that would need to be addressed before the SEC could move...

Persistent link: https://www.econbiz.de/10013228953

Are ESG Funds More Transparent?

Dantas, Manuela - 2021

I explore whether managers of Environmental, Social, and Governance (ESG) funds differ in their disclosure behavior vis-a-vis conventional fund managers. Consistent with ESG fund investors having longer investment horizons, I find that ESG portfolio managers engage in less opportunistic...

Persistent link: https://www.econbiz.de/10013242770

Does Voluntary ESG Reporting Resolve Disagreement Among ESG Rating Agencies?

Kimbrough, Michael D.; Wang, Xu (Frank); Wei, Sijing; … - 2022

, and when firms adhere to advanced levels of Global Reporting Initiative (GRI) reporting standards. Finally, ESG …

Persistent link: https://www.econbiz.de/10013405817

Crash risk and ESG disclosure

Silva, Paulo Pereira da - In: Borsa Istanbul Review 22 (2022) 4, pp. 794-811

This study examines whether ESG (environmental, social and governance) disclosure influences firm-specific crash risk. Our main research hypothesis postulates that further information disclosure about ESG activities and risks mitigates crash risk by virtue of lower opacity and information...

Persistent link: https://www.econbiz.de/10013334837

Environmental Disclosures and ESG Fund Ownership

Robinson, Scott; Rogers, Jonathan L.; Skinner, A. Nicole; … - 2023

ESG ratings. We create our measures of environmental disclosure using bigrams extracted from the Global Reporting … Initiative (GRI) standards trained against authoritative financial reporting texts. Using two salient disclosure channels, (1 …

Persistent link: https://www.econbiz.de/10014257834

Walk the Green Talk? a Textual Analysis of Pension Funds’ Disclosures of Sustainable Investing

Bauer, Rob; Broeders, Dirk; Ool, Annick van - 2023

In this paper, we analyze the disclosures of sustainable investing by Dutch pension funds in their annual reports from 2016 to 2021. We introduce a novel textual analysis approach using state-of-the-art natural language processing (NLP) techniques to measure the awareness and implementation of...

Persistent link: https://www.econbiz.de/10014351397