Friday, November 12
11:00 am
Overview
11:15 am
Panel: Measurement of GHG Emissions and Corporate Carbon Footprints
Andrew Grant, Vice President, Climate Solutions, Moody’s
Michael Greenstone, University of Chicago and NBER
James Salo, Head of Environmental Research & ESG Modeling, S&P Global
12:15 pm
Break
12:45 pm
Session 1: Mandatory Carbon Disclosures in Theory and Practice

A Theoretical Framework for Environmental and Social Impact Reporting

Henry L. Friedman, University of California, Los Angeles
Mirko Heinle, University of Pennsylvania
Irina M. Luneva, New York University

Greenhouse Gas Disclosure and Emissions Benchmarking

Sorabh Tomar, Southern Methodist University

Discussant:
Ginger Zhe Jin, University of Maryland and NBER
2:00 pm
Break
2:30 pm
Session 2: Measuring Exposure to Climate Risk

Firm-Level Climate Change Exposure

Zacharias Sautner, Frankfurt School of Finance and Management
Laurence van Lent, Frankfurt School of Finance and Management
Grigory Vilkov, Frankfurt School of Finance and Management
Ruishen Zhang, Shanghai University of Finance and Economics

Measuring Cities' Climate Risk Exposure and Preparedness

Shirley S. Lu, Harvard University
Anya Nakhmurina, Yale University

Discussant:
Ane Tamayo, London School of Economics
3:45 pm
Break
4:00 pm
Session 3: Pricing of Climate Risk by Investors and in Markets

Carbon Beta: A Market-Based Measure of Climate Risk

Joop Huij, Erasmus University Rotterdam
Dries Laurs, Vrije Universiteit Amsterdam
Philip Stork, Vrije Universiteit Amsterdam
Remco Zwinkels, Vrije Universiteit Amsterdam

Dissecting Green Returns

Lubos Pastor, University of Chicago and NBER
Robert F. Stambaugh, University of Pennsylvania and NBER
Lucian A. Taylor, University of Pennsylvania

A Quantity-Based Approach to Constructing Climate Risk Hedge Portfolios

Georgij Alekseev, New York University
Stefano Giglio, Yale University and NBER
Quinn Maingi, University of Southern California
Julia Selgrad, University of Chicago
Johannes Stroebel, New York University and NBER

Discussant:
Itay Goldstein, University of Pennsylvania and NBER
5:30 pm
Adjourn