This study provides new evidence on the impact of climate physical risk (as measured by the Global Climate Risk Index … clusters on the basis of their degree of market capitalisation. The results suggest a negative impact of climate physical risk …

We examine whether climate change news risk is priced in corporate bonds. We estimate bond covariance with climate … asset pricing implications of demand for bonds with high potential to hedge against climate risk. Moreover, when investors … are concerned about climate risk, they are willing to pay higher prices for bonds issued by firms with better …

significant negative relation. On average, the risk-adjusted annual future returns of stocks with low exposure to CPU are 6 ….5%–7.7% greater than the returns of stocks with high exposure. Low CPU-beta firms are value, green stocks with low crash risk, and … they are more closely aligned with Democrats. Conversely, high CPU-beta firms are growth, brown stocks with high crash risk …

The Security and Exchange Commission (SEC) has considered climate change as a risk issue since 2010. Several emission … financial performances, especially of listed companies. There are two ways these companies can disclose their transition risk … exposure and are not alternatives. One is the explicit declaration of exposure to transition risk in the legally binding …