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Shunsuke Managi, Representative Director, and Keely Alexander Ryuta, Director and Chief Researcher, co-authored the paper "Do investors incorporate financial materiality? Remapping the environmental information in corporate sustainability reportingCommentary posted on.
The research results were published in Corporate Social Responsibility and Environmental Management (2022 Impact Factor: 9.8), a top journal in the field of environmental economics and environmental management.
The study found that incorporating environmental risk factors related to financial materiality into investment decisions allows for the prediction of excess returns and the appropriate assessment of environmental measures.
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