Gustavo Bernal Torres
Global Award for Research in Sustainable Finance
The Moskowitz Prize is the premier global prize for research in sustainable finance and is awarded each year-
This year’s recipients of the prize are Lakshmi Naaraayanan (London Business School), Kunal Sachdeva (Rice University’s Jones Graduate School of Business) and Varun Sharma (London Business School) for their paper “The Real Effects of Environmental Activist Investing.”
The winners study the real effects of environmental activist investing and set out to provide evidence-based research on whether typical tools used by investors to engage with firms could be used successfully for environmental activism.
Results found that targeted firms reduce their toxic releases, greenhouse gas emissions, and cancer-causing pollution. Overall, the study suggests that engagements are an effective tool for long-term shareholders to address climate change risks.