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 reportingI submitted a commentary on "The

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.

This study found that incorporating environmental risk factors related to financial materiality into investment decisions can help predict excess returns and properly evaluate environmental measures.

Please read on.

Report:[Paper presentation] The Relationship between Environmental Valuation and Stock Price Returns: Investors Consider Companies Not Engaged in Environmental Management to be a Significant Risk.