Tom Gosling interviews Kim Fe Cramer, Assistant Professor of Finance on the compulsory CSR spending mandated for large Indian firms. They discuss how firms choose their CSR priorities and where they spend the money. CSR spending is focussed on a firm’s area of competitive advantage so is efficient, but is focussed in their home region, which often means that richer regions benefit from higher CSR spending, raising questions about equity.
Host: Tom Gosling
Contributor: Kim Fe Cramer
Read Kim Fe Cramer's paper, When private firms provide public goods: the allocation of CSR spending, co-authored with Lucie Gadenne and Noémie Pinardon-Touati.
To learn more about the Initiative in Sustainable Finance (ISF), visit ISF's website (https://www.fmg.ac.uk/isf).
Dr Xi Li discusses her research on coordinated shareholder engagement through the UN PRI. She explains why engagements with a clear leader are more likely to succeed, what makes effective leaders, and how collaboration pays off—both in impact and fund flows.
Host: Tom Gosling
Contributor: Dr Xi Li
Read Dr Xi Li's paper, Coordinated Engagements co-authored with Elroy Dimson and Oğuzhan Karakaş
To learn more about the Initiative in Sustainable Finance (ISF), visit ISF's website (https://www.fmg.ac.uk/isf).
Tom Gosling speaks with Professor Dirk Jenter about how what investors really believe about sustainability, how the constraints they face shape decisions, and why most aren’t willing to trade returns for impact. A candid look at the limits of sustainable investing today.
Read Professor Dirk Jenter's paper 'Sustainable Investing in Practice: Objectives, Constraints, and Limits to Impact', co-authored with Alex Edmans and Tom Gosling. (https://www.fmg.ac.uk/isf/publications/discussion-papers/sustainable-investing-practice-objectives-constraints-and-limits)
Host: Tom Gosling (https://www.fmg.ac.uk/people/tom-gosling)
Contributor: Professor Dirk Jenter (https://www.fmg.ac.uk/people/dirk-jenter)
To learn more about the Initiative in Sustainable Finance (ISF), visit ISF's website (https://www.fmg.ac.uk/isf) .
Host: Tom Gosling
Contributor: Martin Oehmke
Tom Gosling interviews Professor Martin Oehmke on how bank capital rules might integrate climate risks. They debate whether rules can be used to incentivize green lending—or whether this would backfire—and why capital requirements can't play the same role as a carbon tax.
Read Professor Martin Oehmke's paper Green Capital Requirements
To learn more about the Initiative in Sustainable Finance (ISF), visit ISF's website.
