Event

2nd Conference in Sustainable Finance

  • Location

    Campus Kirchberg, JFK Building, room Nancy-Metz

    29, avenue John F. Kennedy

    1855, Luxembourg, LU

  • Topic(s)
    Finance
  • Type(s)
    Conferences, In-person event

The Department of Finance at the University of Luxembourg organizes the 2nd Conference in Sustainable Finance on 6 July, 2023, in Luxembourg (in-person). The academic conference is hosted by the Chair in Sustainable Finance, which is supported by the Ministry of Finance and the Ministry of Environment, Climate and Sustainable Development of Luxembourg.

The conference will offer an engaging social program starting with a welcome dinner on the evening of 5 July, 2023, and a conference reception on 6 July, 2023.

  • Welcome
    8.30 – 9.00

    Welcome (coffee)

    Welcome (8.45-9.00)
    by Professor Simone Niclou, Vice-Rector for Research at the University of Luxembourg

  • Session 1
    9.00 – 10.30

    Firm-Level Management of ESG
    Chair: Christos Koulovatianos

    Sustainable Organizations (9.00 – 9.30)
    Thomas Geelen – Jakub Hajda – Jan Starmans
    Discussant: Salvatore Miglietta (BI Oslo)

    Dynamic Carbon Emission Management (9.30 – 10.00)
    M. Cecilia Bustamante – Francesca Zucchi
    Discussant: Lin SHEN (INSEAD)

    Private Equity and Gas Emissions: Evidence from Electric Power Plants (10.00 – 10.30)
    Xuanyu Bai – Youchang Wu

    10.30–11.00 Coffee break

  • Session 2
    11.00 – 12.30

    ESG investing
    Chair: Diane Pierret

    Investments that Make our Homes Greener: The Role of Regulation (11.00 – 11.30)
    Nuno Clara – Joao F. Cocco – Lakshmi Naaraayanan – Varun Sharma
    Discussant: Kornelia Fabisik (University of Bern)

    Limits of Equilibrium ESG Investing (11.30 – 12.00)
    Andrei Kirilenko – Christoph Loch
    Discussant: Yrjo Koskinen (University of Calgary)

    Reducing Carbon using Regulatory and Financial Market Tools (12.00 – 12.30)
    Franklin Allen – Adelina Barbalau – Federica Zeni
    Discussant: Ulf von Lilienfeld-Toal (University of Luxembourg)

    12.30 – 14.00 Lunch Break

  • Session 3
    14.00 – 15.00

    The limits of divestment
    Chair: Roberto Steri

    Why Divest? The Political and Informational Roles of Institutions in Asset Stranding (14.00 – 14.30)
    Murray Carlson – Adlai Fisher – Ali Lazrak
    Discussant: Thomas Geelen (Copenhagen Business School)

    Socially Responsible Divestment (14.30 – 15.00)
    Alex Edmans – Doron Levit – Jan Schneemeier
    Discussant: Abraham Lioui (EDHEC)

    15.00 – 15.15 Coffee Break

  • Session 4
    15.15 – 16.15

    Mutual Funds and ESG Disclosure
    Chair: Luciano A. Somoza (ESSEC Business School)

    Catering through transparency: Voluntary ESG disclosure by asset managers and fund flows (15.15 – 15.45)
    Marco Ceccarelli – Simon Glossner – Mikael Homanen
    Discussant: Moqi Groen-Xu (Queen Mary University of London)

    The Market for ESG Ratings (15.45 – 16.15)
    Ehsan Azarmsa – Joel Shapiro
    Discussant: Raphael Levy (HEC Paris)

  • Keynote presentations
    17.15 – 19.00

    Designing Green Financial Markets of the Future
    at Banque de Luxembourg (14 boulevard Royal, 2449 Luxembourg)
    Chair: François Koulischer (University of Luxembourg)

    Welcome by Luc Rodesch (Banque de Luxembourg) (17.15-17.20)

    Green Bonds (17.20 – 17.50)
    Caroline Flammer (Columbia University), keynote presentation

    The Impact of Impact Investing (17.50 – 18.20)
    Jonathan Berk (Stanford University), keynote presentation

  • Panel discussion
    18.20 – 19.00

    Designing Green Financial Markets of the Future
    Moderator: Michael Halling (University of Luxembourg)

    Panelists:

    • Jonathan Berk (Stanford University)
    • Jean-Marc di Cato (CRO of the Clearstream Group Luxembourg)
    • Caroline Flammer (Columbia University)

    For any questions regarding the conference, contact François Koulischer or Michael Halling.

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