EDHEC-Risk Climate: the inaugural newsletter is out!

In October 2022, EDHEC-Risk Institute became EDHEC-Risk Climate Impact Institute (EDHEC-Risk Climate) reflecting the commitment of EDHEC Business School to advancing the integration of sustainability imperatives across economic activities.

Its inaugural newsletter has just been released, positioning the research orientations of the institute in the context of the climate emergency and presenting some of the first results of the research efforts incubated over the last 2 years.

Editorial: "Winter of Despair, Spring of Hope"

Frédéric Ducoulombier, Founding Director of EDHEC-Risk Climate opens the editorial for the inaugural newsletter of the Institute, with an article entitled "Winter of Despair, Spring of Hope", and introduces the team's high-relevance academic research on the modeling of climate risk and the role of finance for climate action.

Five front-breaking articles

This newsletter notably includes articles by EDHEC-Risk Climate researchers, at the forefront of the current analysis:

• Rolling the DICE at Thirty - Can Integrated Assessment Models be Made Fit for Investment Purposes?. This article by Riccardo Rebonato - Professor of Finance, EDHEC and Scientific Director, EDHEC-Risk Climate - is a discussion of breakthrough extensions of Integrated Assessment Models and their surprising results in terms of climate policy recommendations.

• The Impact of Climate Change News on Low-minus-High Carbon Intensity Portfolios. This new work, by Jean-Michel Maeso - Senior Quantitative Researcher, EDHEC-Risk Climate - and Dominic O’Kane - Professor of Finance, EDHEC and Research Director, EDHEC-Risk Climate -, applies language models to the measurement of asset price sensitivity to climate change news.

• Finance and Climate Action – Perspectives from the Sixth Assessment Report. In this article, Gianfranco Gianfrate - Professor of Finance, EDHEC and Research Director, EDHEC-Risk Climate - gives an insider’s look at the integration of the role of finance in the IPCC Sixth Assessment Report.

• Multilateral Financial Institutions (MFIs) Need a Theory of Change to Deliver Better Climate Finance. Irene Monasterolo - Professor of Climate Finance, EDHEC and Director of a Research Programme, EDHEC-Risk Climate - calls on multilateral financial institutions to integrate climate risks in project assessment.

• The Proposed Extension of the EU Ecolabel to Retail Funds Needs a Rethink. In this article, Frédéric Ducoulombier - Founding Director of EDHEC-Risk Climate - details his observations on the stalled extension of the EU Ecolabel to financial products.

Some additional contents on climate finance

This inaugural newsletter also features an interview "Research is Essential to Sustaining Innovation in Responsible Investment" with Timothée Jaulin - Head of ESG Development and Advocacy at Amundi - who discusses key issues facing the investment management industry and Amundi's support for leading research initiatives on climate change mitigation and adaptation.

Additionally, it provides information on EDHEC-Risk Climate’s latest research publications, events and news, and also includes a press review.

Photo de Mika Baumeister sur Unsplash