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Publicação
Sustainable investing in emerging markets - environmental risk in Africa
| Nome: | Descrição: | Tamanho: | Formato: | |
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| 3.7 MB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
Climate change is now regarded worldwide as a major risk and organizations are under pressure
to disclose their carbon footprint; African companies still lag behind their peers in developed
markets and only a few voluntarily disclose carbon information. Through a factor-based
approach designed to deal with the lack of ESG information, this paper examines the impact
of integrating the E factor on an African investment universe. The results show an
outperformance of brown portfolios over green portfolios, raising questions about whether
investors in emerging markets value sustainability as much as investors in advanced markets.
Descrição
Palavras-chave
Carbon Africa Climate change Disclosure Climate risk