Nofsinger, John R.; Varma, Abhishek - In: Journal of business ethics : JBE 187 (2023) 3, pp. 493-516
In response to Morningstar's release of carbon risk (CR) scores in May 2018, (environmentally) sustainable mutual funds in the U.S. showed a greater reduction in their portfolio CR relative to conventional funds. The observed causal impact of this third-party disclosure is consistent with the...