Article in Journal
The Signal in the Noise
Florian Berg, Jason Jay, Julian Kölbel, Roberto Rigobon
CESifo, Munich, 2023
EconPol Forum 24 (1), 23-27
CESifo, Munich, 2023
EconPol Forum 24 (1), 23-27
- The information that ESG raters produce is valuable
- Assessing ESG performance is conceptually challenging because we need to measure contextuality, additionality, and preferences
- ESG raters, specialized ESG data providers, and aggrega- tors can harness economies of scale
- Regulators should enforce transparency of measurement and aggregation practices to increase competition between ESG raters to incentivize improvement
Included in
EconPol Forum 01/2023: Climate Change: Greening the Economy by Green Finance?
CESifo, Munich, 2023