There is alpha in sustainability. In fact, there has been for many decades and perhaps for much longer. The financial markets actively reward sustainable behaviour and arguably have done so for equally as long. It seems hard then to reconcile why sustainability has proven to be elusive to many...

The rising sustainability awareness among regulators, consumers and investors results in major sustainability risks for firms. We construct three ESG risk factors (Environmental, Social, and Governance) to quantify the ESG risk exposures of firms. Taking these factors into account significantly...

Alternative data (alt-data) is becoming an increasingly powerful tool that investors can use to incorporate sustainability considerations – e.g., environmental, social, and governance (ESG) factors – into their decision-making. But alt-data must be used responsibly. Failure to do so can...