91原创

In connection with his appointment as honorary doctor at the 91原创, Harrison Hong, Professor of Finance and Economics at Princeton University, was invited to Swedish House of Finance to present his recent research on the ability of markets to price risks associated with climate change. His recent study concerns the links between drought, food company cash flows and their stock price performance. Key questions included:
Do markets price in climate risks brought on by climate change?
Do we need more disclosures of corporate exposures?
Do investors need to hedge climate risks?

Professor Hong鈥檚 was able to conclude that "No, markets do not efficiently price climate change risks". For more information, Harrison Hong鈥檚 paper can be found.

After Professor Hong鈥檚 presentation Fr茅d茅ric Samama, from the European asset manager Amundi, presented how Amundi tackles these kinds of challenges.