With great power comes great responsibility. Although the world's leading financial institutions are unlikely to be mistaken for superheroes, they would do well to remember that maxim as they rush to cast themselves as champions of sustainable development. Leading lenders have been quick to...

This paper examines whether corporate social responsibility (CSR) engagement can mitigate the negative impact of climate policy uncertainty (CPU) on financial performance. Using a sample of firms in the Standards & Poor 1500 index over the 2002-2021 period, we show that a higher CSR-engagement...