Wall Street Tries To Live Up To ESG Promises, Cornell's Karolyi Discusses

The video discusses the need for more active engagement in climate action, highlighting research findings on corporate and asset manager involvement. It explores the impact of climate change on business profitability, particularly in industries like insurance. The challenges of divestment for major firms like BlackRock and Vanguard are examined, along with the need for improved measurement standards in climate-related disclosures. New research is emphasized as crucial for understanding and addressing these issues.

What are some of the actions that asset managers can take to engage corporates regarding carbon emissions?

How do companies perceive the impact of climate change on their bottom line?

What does the new research indicate about the pricing of climate change-related risks?

What challenges do firms face when attempting to divest from carbon-intensive investments?

In what ways can the metrics used by index managers be improved to better capture corporate disclosures on climate change?