.... Practical implications Our study’s insights regarding the credibility of climate pledges can aid investors when integrating Environmental, Social and Governance information into their decisions. Social implications In a time of political polarization, views of climate change are extreme and opposing...

... findings help us understand that firms do not issue green bonds for greenwashing. Marcellin Makpotche can be contacted at: makpotche.marcellin@uqam.ca Climate change Sustainable investing Sustainable finance Green bonds G14 G32 M14 Q56 We first examine the long-run stock...