ESG voting: 14x new research on corporate ESG nudges, 3x WTP for climate, ESG strategies, green bonds, greenwashing, ESG ratings, climate stress tests, bad award effects, mental accounting and PE issues
Social and ecological research: ESG voting
Corporate ESG nudges: Not Only for the Money: Nudging SMEs to Promote Environmental Sustainability by Manuel Grieder, Deborah Kistler, Felix Schlüter, and Jan Schmitz as of Feb. 9th, 2023 (#36): “This paper reports the results of a field experiment in Switzerland investigating behavioral economic interventions for promoting an environmental consulting program to SMEs. … The results indicate that loss frames are not more effective than gain frames. Unlike suggested by previous approaches, appealing to the environmental benefits of sustainability measures is just as effective as underlining the financial benefits for the SMEs. Evidence from two surveys with SME decision makers corroborates this latter result: SMEs indicate that personal motivations of owners or managers and long-term environmental impact—rather than potential financial benefits—are the most important factors determining whether they are willing to implement additional environmental sustainability measures” (abstract).
Some WTP: Willingness to Pay for Clean Air: Evidence from the UK Prepared by Giorgio Maarraoui, Walid Marrouch, Faten Saliba and Ada Wossink as of Feb. 23rd, 2023 (#10): “Our results show that 1 percent higher levels of NO2, PM10 and PM2.5 significantly decrease the odds of the log of happiness by 9, 9.5 and 10.7 percent respectively … Evaluated at the mean income level, households are willing to pay £62.5, £60 and £103 per month to abate 1 mikrogram/cubic meter of these pollutants respectively and remain equally happy, with urban dwellers paying less than this amount and highly educated individuals paying more than that (except for PM2.5)” … Our results show that 1 percent higher levels of NO2, PM10 and PM2.5 significantly decrease the odds of the log of happiness by 9, 9.5 and 10.7 percent respectively” (p. 24/25).
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