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Registration is now open!

Registration deadline: 24 August 2022

*Please ensure to read the cancellation policy before booking your ticket.

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Categories and Fees

Speakers – Full Ticket – £200/ Day only – £100/ Virtual participation – £50
Tickets are per person to attend three days. Full tickets include evening reception and dinner.

This category is for speakers presenting at the Conference. Tickets are per person to attend three days. Full tickets include evening receptions and dinner. Should speakers be unable to join the Conference in person for their presentation, virtual participation will be accommodated at a £50 fee.

 
PhD Students –  Full Ticket – £200 / Day Only – £100
This category is for PhD students enrolled at a University at the time of the Conference. Tickets are per person to attend three days. Full tickets include evening reception and dinner.
 
Academic Researcher – Full Ticket – £250 / Day Only – £150 

This category is for researchers with academic appointments at universities. Tickets are per person to attend three days. Full tickets include evening reception and dinner. 

 
Government, Regulator, and Civil Society – Full Ticket – £400/ Day Only – £ 275 

This category is for civil servants, regulators, and civil society practitioners working on sustainable finance-related topics. Tickets are per person to attend three days. Full tickets include evening reception and dinner and attendance. 

 
Practitioners – Full Ticket – £750
This category is for practitioners working on sustainable finance-related topics in financial institutions or other relevant sectors. Tickets are per person to attend three days.
Full tickets include evening reception and dinner.
 
 

Cancellation Policy

Refunds will be issued if notified on or before 24 August 2022 and will be subject to an 8% of the ticket value cancellation fee. No refund will be issued to registered participants who cancel after this date. 

Supporters

GRASFI 2022 has been generously supported by:

BNP PARIBAS Asset Management
Zürcher Kantonalbank
Logo swiss sustainable finance
Logo uzh foundation
Logo impact foundation
Logo imperial college finance investment

GRASFI

5th Annual Conference

5 - 7 September, Zurich, Switzerland

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Date and Time

Monday, 5 September 2022

14:45 – 16:15 CET

Session

Paper Session A1

ESG-Ratings & Data: How do we make sense of it?

Session Chairs:
Prof. Timo Busch, Hamburg University
Bérénice Lasfargues, BNP Paribas AM

PAPERS

 

Exploring ITR score: Framing robust company-specific benchmarks and future company-level GHG emissions ranges

Authors: Ruben Haalebos and Felix Fouret

ESG Rating Revisions and Stock Returns

Authors: Rients Galema and Dirk Gerritsen

Divestment, information asymmetries, and inflated ESG ratings

Authors: Bram van der Kroft and Dennis Bams.

Abstracts

Exploring ITR score: Framing robust company-specific benchmarks and future company-level GHG emissions ranges

As Investors are looking to align their portfolios with the goals of the Paris Agreement, portfolio metrics like Implied Temperature Rise (ITR) are becoming increasingly popular. We describe a Task Force on Climate-Related Financial Disclosures-aligned ITR methodology and benchmark the results.

ESG Rating Revisions and Stock Returns

We study the six-month impact of ESG rating revisions on U.S. stocks. Decreases are followed by annualized negative returns of 3%, which are not driven by ESG-specific news; partly driven by sustainable index changes; and in line with long-term investors decreasing holdings after a rating decrease.

Divestment, information asymmetries, and inflated ESG ratings

We causally show that ESG ratings are inversely related to sustainable performance because firms face cost of capital incentives to inflate ratings given socially responsible investing under information asymmetries. Consequently, their promises of future sustainable performance do not realize, even up to 15 years in the future.