Navigation auf zora.uzh.ch

Search ZORA

ZORA (Zurich Open Repository and Archive)

Green versus sustainable loans: The impact on firms’ ESG performance

Dursun-de Neef, Özlem; Ongena, Steven; Tsonkova, Gergana (2022). Green versus sustainable loans: The impact on firms’ ESG performance. London: VoxEU, CEPR Policy Portal.

Abstract

Investor demand, political movements, and regulatory changes have increased the focus on sustainable finance in recent years. This has led to the development of a new green market offering sustainable debt instruments, which has marked a volume of more than $1 trillion in 2021. This column investigates the effectiveness of two green lending instruments, green and sustainable loans, in terms of their impact on firms’ environmental, social, and governance profiles. It finds that firms which issue green loans improve their environmental performance but neglect their social performance, whereas issuing sustainable loans increases a firm’s overall ESG performance.

Additional indexing

Item Type:Scientific Publication in Electronic Form
Communities & Collections:03 Faculty of Economics > Department of Finance
Dewey Decimal Classification:330 Economics
Scope:Discipline-based scholarship (basic research)
Language:English
Date:2022
Deposited On:09 Feb 2023 11:21
Last Modified:06 Mar 2024 14:38
Publisher:VoxEU, CEPR Policy Portal
OA Status:Closed
Free access at:Official URL. An embargo period may apply.
Official URL:https://cepr.org/voxeu/columns/green-versus-sustainable-loans-impact-firms-esg-performance
Other Identification Number:merlin-id:22953
Full text not available from this repository.

Metadata Export

Statistics

Authors, Affiliations, Collaborations

Similar Publications