The Importance of Climate Risks for Institutional Investors
Abstract According to our survey about climate risk perceptions, institutional investors believe climate risks have financial implications for their portfolio firms and that these risks, particularly regulatory risks, already have begun to materialize. Many of the investors,…
# The Importance of Climate Risks for Institutional Investors
> OpenAlex Metadata Hub · https://openalex.org/W2906323621
## Bibliographic
- **DOI:** 10.1093/rfs/hhz137
- **Year:** 2019
- **Citations:** 2755
- **Open Access:** Yes (bronze)
- **License:** —
- **Source:** https://academic.oup.com/rfs/article-pdf/33/3/1067/32449220/hhz137.pdf
## Authors
- Philipp Krueger
- Zacharias Sautner
- Laura T. Starks
## Abstract
Abstract According to our survey about climate risk perceptions, institutional investors believe climate risks have financial implications for their portfolio firms and that these risks, particularly regulatory risks, already have begun to materialize. Many of the investors, especially the long-term, larger, and ESG-oriented ones, consider risk management and engagement, rather than divestment, to be the better approach for addressing climate risks. Although surveyed investors believe that some equity valuations do not fully reflect climate risks, their perceived overvaluations are not large.
## Keywords
Divestment, Climate risk, Business, Equity (law), Institutional investor, Climate change, Portfolio, Risk management, Finance, Corporate governance
## Concepts
- Divestment
- Climate risk
- Business
- Equity (law)
- Institutional investor
- Climate change
- Portfolio
- Risk management
- Finance
- Corporate governance
- Biology
- Ecology
- Political science
- Law
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*Metadata only — full text not imported unless Open Access license permits.*
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Tóm lược học thuật (đã diễn giải): Abstract According to our survey about climate risk perceptions, institutional investors believe climate risks have financial implications for their portfolio firms and that these risks, particularly regulatory risks, already have begun to materialize. Many of the investors, especially the long-term, larger, and ESG-oriented ones, consider risk management and engagement, rather than divestment, to be the better approach for addressing climate risks. Although surveyed investors believe that some equity valuations do not fully reflect climate risks, their perceived overvaluations are not large.
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Metadata DOI/OA chỉ là rail tham chiếu; nội dung chính là summary, takeaways và ứng dụng thị trường do Content Factory sinh.
1. Abstract According to our survey about climate risk perceptions, institutional investors believe climate risks have financial implications for their portfolio firms and that these risks, particularly regulatory risks, already have begun to materialize.
2. Many of the investors, especially the long-term, larger, and ESG-oriented ones, consider risk management and engagement, rather than divestment, to be the better approach for addressing climate risks.
3. Although surveyed investors believe that some equity valuations do not fully reflect climate risks, their perceived overvaluations are not large.
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