Political Science
Stock markets, corporate climate pledges, and the Science-Based Target Initiative
I. Ko and A. Prakash
This intriguing research conducted by Inhwan Ko and Aseem Prakash delves into whether stock markets favor companies that commit to the Science-Based Targets initiative (SBTi). Surprisingly, the findings reveal that SBTi verification has little impact on stock prices, urging policymakers and climate advocates to consider alternative incentives for fostering emission reduction investments.
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