CFA Society Finland webinar
Carbon emissions data is critically important to investors’ increasingly important role in helping combat climate change. Vitali Kalesnik et al. from Research Affiliates have produced exciting new research on carbon data and how useful it can be for investors, Green Data or Greenwashing? Do Corporate Carbon Emissions Data Enable Investors to Mitigate Climate Change? Join our webinar to hear more from the authors!
Key Findings in the new research:
As investors strive to help mitigate climate change, they critically depend on carbon emissions data. Absent mandatory reporting, a substantial amount of emissions data are estimated by data providers. Research Affiliates evaluates three types of carbon emissions data from four popular data providers: 1) current reported, 2) current estimated, and 3) forward-looking.
- The authors find that the voluntarily reported data are the best in quality; the data on estimated emissions, while accurate, are at least 2.4 times less effective than reported data in identifying the worst emitters.
- Authors find that estimated data reflect almost entirely only size and industry information, which makes estimated data ineffective in identifying green companies in brown sectors. This further reduces the efficacy of investor actions.
- Further, the authors find no evidence that forward-looking carbon scores predict future changes in emissions
Additional information on the event on CFA Society Finland website, click here.
