... are investigated by measuring their impact on performance. Third, the study sheds light on some detailed but relevant aspects of this phenomenon by analyzing the breakdown of the ESG profile of infrastructure funds into four sustainability sub-scores capturing their efforts to reduce CO2 emissions, the use...

..., and institutional ownership. Originality/value The current study assesses the long-term incidence of embedded CO₂ (in oil and gas proven reserves) on firms’ stock market value, while most studies are focusing on yearly CO₂ emissions. Denis Cormier can be contacted at: Cormier.denis...