Measuring and Reporting Corporate Carbon Footprints and Climate Risk Exposure

Meredith Fowlie, Christian Leuz, and Laura Starks, Organizers

November 12, 2021

on Zoom

Conference Code of Conduct

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

A Theoretical Framework for Environmental and Social Impact Reporting
Sorabh Tomar, Southern Methodist University

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

Firm-Level Climate Change Exposure
Shirley S. Lu, Harvard University
Anya Nakhmurina, Yale University

Measuring Cities' Climate Risk Exposure and Preparedness
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
Joop Huij, Erasmus University Rotterdam
Dries Laurs, Vrije Universiteit Amsterdam
Philip Stork, Vrije Universiteit Amsterdam
Remco Zwinkels, Vrije Universiteit Amsterdam

Carbon Beta: A Market-Based Measure of Climate Risk
Lubos Pastor, University of Chicago and NBER
Robert F. Stambaugh, University of Pennsylvania and NBER
Lucian A. Taylor, University of Pennsylvania

Dissecting Green Returns
Georgij Alekseev, New York University
Stefano Giglio, Yale University and NBER
Quinn Maingi, New York University
Julia Selgrad, New York University
Johannes Stroebel, New York University and NBER

A Quantity-Based Approach to Constructing Climate Risk Hedge Portfolios
Discussant: Itay Goldstein, University of Pennsylvania and NBER
5:30 pm
Adjourn