Nos derniers articles

The study finds that banks engaging in greenwashing practices contribute to increased systemic risk, especially larger and less efficient ones. The market values actual ESG performance more than disclosures, and strong environmental performance helps mitigate this risk.

This study analyzes the financial impact of Corporate Social Irresponsibility (CSI) events on European banks using a dataset of 11,832 reputational shocks from 2007-2023. Results show significant negative stock returns and increased volatility following CSI media coverage, with proactive ESG engagement mitigating these effects.

#auditors fail to detect material weaknesses in clients' #internalcontrols over #financialreporting (#icfr) when clients experience financially material negative #esg incidents, which eventually lead clients to restate their financial statements. The results suggest that auditors overweight their clients' attempts at improving their internal controls following the revelation of material ESG incidents.

The US-EU divide on #esg policies for businesses stems from differing economic factors, notably the US stock market's influence on retirement funds and the #us's oil production dominance versus the #eu's oil imports. To address this, a "Net Zero Transformation rating" should separate #climate concerns from other ESG aspects. Shifting corporate activism towards heavy users like utilities and key producers like car manufacturers, rather than focusing solely on fossil fuel producers, could accelerate a #netzerotransition.

A model is developed wherein firms offer #esg and #financialreports to investors, influencing stock prices and management incentives. Changes in investor preferences and ESG's cash flow impacts shape market responses, #misreporting, and outcomes.

#esg practices enhance #riskmanagement, performance, stakeholder interest, and capital access. Strong ESG ratings reduce credit spread, benefiting firms' financials. ESG disclosure aligns with principal-agent theory, lowering debt costs. Even modest ESG improvement cuts credit spread by 0.0035%, aiding companies' interest expenses. Transparent ESG commitment yields #european market rewards, aiding corporate bonds. Study aids policymakers, credit agencies, investors, and issuers in understanding ESG's bond impact.

"We analyze #esg scores of worldwide #propertyandcasualtyinsurance during 2012-2022, and show that more sustainable #insurers have high operating leverage, although their combined ratios and z-scores reveal that they are financially stable."

This research studies the impact of #socialmedia on shareholder response to #esg-related #reputationalrisk.

#esgratings ratings have informational content in #europe, but results are mixed in other regions. Information from multiple #esg rating providers should be cross-checked before being integrated into investment processes

This paper explores the evolving role of #compliance in #digitaltransformation (#dt), as corporations globally embrace technology to enhance competitiveness and address responsible, #ethical, and #sustainable practices. It analyzes the current and potential role of Compliance in DT, emphasizing the need to manage #governance, #risk, and compliance aspects and leverage #esg objectives. The authors conducted interviews with Compliance heads and facilitated a Salon attended by General Counsel and Compliance professionals. The purpose is to encourage international discussions on Compliance's role in digital transformation.