“Ratings agencies do not always agree, although that’s not necessarily a bad thing,” says Julian Kölbel, an economist at the University of Zurich and a co-author on the MIT paper, “Aggregate Confusion”. “These are value-driven preferences, and it’s normal that not everyone would agree on them.”

Read the full article on  Money (16.7.2020)

The growth of sustainable investing is welcome news to those who believe a more conscious allocation of capital can cure society’s pains. A few years ago, sustainable investments were niche products. Now, almost every retail investing outlet offers a wide range of financial products marketed as sustainable. The validity of sellers’ claims is less clear. 

Read the full article on  Milken Review 19.5.2020

Investoren können eine entscheidende Rolle bei der Lösung globaler Herausforderungen spielen. Die Auswirkungen nachhaltiger Anlagen auf reale Probleme scheinen jedoch bisher moderat zu sein. Um ihr Potenzial freizusetzen, muss sich dir Branche damit beschäftigen, wie sie Impact im Sinne eines Wandels in der Realwirtschaft erzeugen kann.

Read the full article on Finanz & Wirtschaft 28.3.2020 (PDF, 565 KB)

Geld regiert die Welt – das wissen auch Klimaschützer. Eine neue Generation von Investoren will Konzerne dazu zwingen, sich umweltfreundlich zu verhalten. Kann grünes Geld die Welt retten?

Watch the documentary on  ZDF 15.3.2020

"Die Forscher Florian Berg, Julian Köbel und Roberto Rigobon vom Massachussetts
Institute of Technology (MIT) haben versucht, diese Frage zu beantworten. Dazu haben sie die Unternehmensbewertungen von fünf bekannten Nachhaltigkeits-Ratingagenturen miteinander verglichen. Dabei fanden sie heraus, dass mehr als die Hälfte der voneinander abweichenden Ratings auf Messunterschiede zurückzuführen waren, und mehr als 40 Prozent durch die Auswahl unterschiedlicher ESG-Attribute."

Read the full article on Frankfurter Allgemeine 27.2.2020

"One would expect European policymakers to encourage investments in instruments and products that help to scale up sustainable economic activities. For example, a recent review of academic research on the topic concluded that investors’ use of shareholder rights to support environmental resolutions is a “relatively reliable mechanism” for achieving such an outcome."

Read the full article on  Eco-Business 3.2.2020

CNN Money asks the big question: Can sustainable investing change the world? CSP's Managing Director & Initiator Dr. Falko Paetzold shares research insights on the challenges and opportunities ahead.

Watch the full program on CNN Money 16.12.2019

Falko Paetzold fled Communist East Germany in the trunk of a Mercedes – today he teaches the super-rich how to invest sustainably. Finews.com met the University of Zurich expert.

Read the full article on Finews 15.1.2020

“Half of overall divergence derives from different weights, the other half from different evaluations within categories,” says Julian Koelbel, one of the co-authors of the MIT paper. “Judgment and opinions vary as a result of these differences.”

Full article on  Bloomberg 11.12.2019

CSP's Taeun Kwon gives an overview of sustainable investing, why it is here to stay, and why it is gaining traction especially with next gen investors on an interview on Sibos TV. 

Watch the interview here Sibos TV 24.9.2019