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Wall Street Investors React to Climate Change

An inspiring new research co-authored by GFRI’s Prof. Philipp Krüger shows that some of Wall Street’s biggest investors are starting to act on climate risk. The findings of this first-ever survey of institutional investors were published in this month’s edition of the Review of Financial Studies.

The paper, “The Importance of Climate Risks for Institutional Investors”, was co-authored with Laura T. Starks from the University of Texas at Austin and Zacharias Sautner from the Frankfurt School of Finance & Management, and can be found here: