Singapore Green Finance Centre

7th Annual GRASFI Conference 2024

7th Annual GRASFI Conference 2024

Sustainable Finance and Investment
2nd – 4th September | Singapore

The Global Research Alliance for Sustainable Finance and Investment (GRASFI) was founded in 2017 by a network of global research universities to promote rigorous and highly impactful academic research on sustainable finance and investment. The Alliance aims to have a Europe-North America-Asia cycle of annual conferences. GRASFI Conference 2024 is generously sponsored by BNP Paribas Asset Management and Ho Bee Land, hosted by the Singapore Management University, and supported by the Singapore Green Finance Centre.

Programme
Time Agenda Venue
PhD Workshop: Monday, 2nd September 2024
08:00 – 08:15 Registration for PhD workshop Mochtar Riady Auditorium Foyer (Lvl 5)
08:15 – 09:30 Address/Keynote Seminar Room 4-2 (Lvl 4)
09:30 – 10:00 Coffee Break Mochtar Riady Auditorium Foyer (Lvl 5)
10:00 – 12:30
    Research Presentations
    • The Monetary Channel of the Green Premium, Xinwei Li, INSEAD
    • Toxic Footprints Near Havens: Pricing Biodiversity Loss Using Firm Pollution, Atreya Dey, University of Edinburgh
    • Real Effects of Carbon Financialization, Zhimin Chen, Swiss Finance Institute
Seminar Room 4-2 (Lvl 4)
12:30 – 13:25 Light Lunch & Networking Mochtar Riady Auditorium Foyer (Lvl 5)
Day 1: Monday, 2nd September 2024
12:30 – 13:30 Registration Mochtar Riady Auditorium Foyer (Lvl 5)
13:30 - 13:45 Welcome Address
Professor Lily Kong, President of Singapore Management University
Mochtar Riady Auditorium (Lvl 5)
13:45 - 14:00 Keynote Speech
Mr Heng Swee Keat, Deputy Prime Minister
Mochtar Riady Auditorium (Lvl 5)
14:00 - 15:30
    Opening Plenary: Resilient Cities
    • Eric Nietsch, Head of ESG, Asia, Manulife Investment Management
Mochtar Riady Auditorium (Lvl 5)
15:30 - 16:00 Coffee Break MRA Foyer (Lvl 5)
16:00 - 17:30
    Research Presentations: Greenwashing
    • Corporate Greenwashing, Firm Performance, and CEO Incentives, Qiyang He, University of Sydney
    • Corporate Climate Lobbying, Tingyu Yu, University of Zurich and Swiss Finance Institute
    • Can Investors Curb Greenwashing?, Peter Tankov, ENSAE, Institut Polytechnique de Paris
Mochtar Riady Auditorium (Lvl 5)
16:00 - 17:30
    Research Presentations: Trade-offs in Sustainable Investment
    • Intermediary Capital and Financing Sustainable Investment, Jin Yu, Monash University
    • Optimality in Sustainability Trade-Offs: Biodiversity & Climate, World Bank
    • Weitzman Meets Taylor: EU Allowances Futures Price Drivers and Carbon Cap Rules, Luca Taschini, University of Edinburgh Business School
Seminar Room 4-1 (Lvl 4)
16:00 - 17:30
    Research Presentations: Impact of Regulation
    • The Value of Environmental Monitoring, Liu Ee Chia, The Pennsylvania State University
    • Housing Price Externalities of Photovoltaic Systems: The Relevance of View, Roland Füss, University of St.Gallen
    • Sustainable Finance Disclosure Regulation: Voluntary Signaling or Mandatory Disclosure?, Lara Spaans, Utrecht University
Seminar Room 4-2 (Lvl 4)
18:30 - 21:00   Gala Dinner Marina Bay Sands Expo & Convention Centre
Day 2: Tuesday, 3rd September 2024
08:00 - 08:45 Breakfast Mochtar Riady Auditorium Foyer (Lvl 5)
08:45 - 10:15 Plenary Session Mochtar Riady Auditorium (Lvl 5)
10:15 - 10:45 Coffee Break
10:45 - 12:15
    Research Presentations: Governance, and Activism
    • Corporate Social Responsibility Committee: International Evidence, Yuxia Zou, Nanyang Technological University
    • Institutional Investors’ Behind-The-Scene Monitoring and ESG Disclosure, Yue Zhang, Sun Yat-sen University
    • Financial Market Structure for ESG Integration, Keeyoung Rhee, Sungkyunkwan University
Seminar Room 4-1 (Lvl 4)
10:45 - 12:15
    Research Presentations: Debt Pricing of Climate Transition
    • Funding de Fittest? Pricing of Climate Transition Risk in the Corporate Bond Market, Yasmine Van der Straten, University of Amsterdam
    • Pricing the Priceless: The Financial Cost of Biodiversity Conservation, Haoyu Gao, Renmin University of China
    • Do ESG Investors Care About Carbon Emissions? Evidence From Securitized Auto Loans, Christian Kontz, Stanford University
Seminar Room 4-2 (Lvl 4)
10:45 - 12:15
    Research Presentations: Investor Preferences I
    • Decoding Sustainable Investment Strategies: Bridging Intentions and Actions, Ayako Yasuda, University of California, Davis
    • Renaming With Purpose: Investor Response and Fund Manager Behaviour After Fund ESG-Renaming, Kayshani Gibbon, Utrecht University
    • Rich and Responsible: Is ESG a Luxury Good?, Steffen Andersen, Copenhagen Business School
Mochtar Riady Auditorium (Lvl 5)
12:15 –13:45 Lunch Mochtar Riady Auditorium Foyer (Lvl 5)
14:00 - 15:30
    Plenary Session: Nature and Biodiversity
    • Valerie Lau, UBS Executive Director Strategic Clients; Board of SGFC; Co-chair of the new SSFA Nature Workstream
Mochtar Riady Auditorium (Lvl 5)
15:30 - 16:00 Coffee Break Mochtar Riady Auditorium Foyer (Lvl 5)
16:00 - 17:30
    Research Presentations: Credibility and Accountability
    • Corporate Carbon Offsets: Decarbonization or Transition-Washing?, Sehoon Kim, University of Florida
    • On the Importance of Assurance in Carbon Accounting, Florian Berg, Massachusetts Institute of Technology
    • Accountability of Corporate Emissions Reduction Targets, Shawn Kim, University of California, Berkeley
Seminar Room 4-1 (Lvl 4)
16:00 - 17:30
    Research Presentations: Climate Beta
    • Measuring the Climate Risk Exposure of Insurers, Hyeyoon Jung, New York University
    • Are Hedge Funds Exploiting Climate Concerns?, Yuxiang Jiang, Southwestern University of Finance and Economics
    • Stormy Investments: Navigating Preferences and Barriers in Weather Disasters, Flavio De Carolis, Maastricht University/De Nederlandsche Bank
Seminar Room 4-2 (Lvl 4)
16:00 - 17:30
    Research Presentations: Investor Preferences II
    • Do Financial Advisors Charge Sustainable Investors a Premium, Marten Laudi, University of Bremen
    • Do Sustainable Investors Get What They Ask For?, Julia Eckert, University of Kassel
    • A Breath of Change: Can Personal Exposures Drive Green Preferences?, Kasper Meisner Nielsen, Copenhagen Business School
Mochtar Riady Auditorium (Lvl 5)
17:30 - 18:30
SMU City Campus Tour
18:30 - 21:00 Dinner Empress @ Asian Civilisations Museum
Day 3: Wednesday, 4th September 2024
08:00 - 08:45 Breakfast Mochtar Riady Auditorium Foyer (Lvl 5)
08:45 - 10:15
    Research Presentations: Corporate Real Action
    • Production Leakage: Evidence from Uncoordinated Environmental Policies, Bing Lu, Beijing Normal University
    • The CO2 Question: Technical Progress and the Climate Crisis, Moritz Wiedemann, Imperial College London
    • Opening the Brown Box: Production Responses to Environmental Regulation,
Seminar Room 4-1 (Lvl 4)
08:45 - 10:15
    Research Presentations: Communication and Perception
    • Warning Words in a Warming World: Central Bank Communication and Climate Change, Emanuele Campiglio, University of Bologna
    • One Hundred and Thirty Years of Corporate Responsibility, Boyuan Li, University of Florida
    • How do Individuals Perceive the EU Taxonomy?, Daniel Engler, University of Kassel
Seminar Room 4-2 (Lvl 4)
08:45 - 10:15
    Research Presentations: Funding Effect of ESG Ratings and Disclosures I
    • Startups' Strategies for Green Funding Adoption, Ye Zhang, Stockholm School of Economics
    • ESG Ratings and Firms' Financing Decisions, Denitsa Stefanova, University of Luxembourg
    • ESG Reporting Divergence, Yun Lou, Singapore Management University
Mochtar Riady Auditorium (Lvl 5)
10:15 - 10:45 Coffee Break Mochtar Riady Auditorium Foyer (Lvl 5)
10:45 - 12:15
    Research Presentations: Executives and Climate Risk
    • Does Higher Risk Require More Rewards? Firm-Level Climate Risk and Top Executives’ Compensations, Hoa Phan, RMIT University
    • Managerial Career Concerns and Corporate Environmental Policies, Chang-Mo Kang, Hanyang University
    • Social Networks and Corporate Environmental Policy, Ziyao Ma, University of Glasgow
Seminar Room 4-1 (Lvl 4)
10:45 - 12:15
    Research Presentations: Funding Effect of ESG Ratings and Disclosures II
    • Climate Talk in Earnings Calls: Effects on Analyst Forecasts and Environmental Strategies, Fangyuan Kou, University of Exeter
    • ESG Incidents and Fundraising in Private Equity, Tianhao Yao, Singapore Management University
    • Involuntary Disclosures Through Climate Litigations: Impact on Investors and Corporate Policies, Alice Eliet-Doillet, Swiss Finance Institute/EPFL
Mochtar Riady Auditorium (Lvl 5)
12:15 - 13:45 Lunch Mochtar Riady Auditorium Foyer (Lvl 5)
14:00 - 15:30 Closing Plenary/Final Address and Awards Mochtar Riady Auditorium (Lvl 5)
16:00 - 17:30 GRASFI AGM
All affiliates of GRASFI member universities are encouraged to attend our annual meeting.
16:00 - 17:30 Art Collection Tour
(First come, first served. Limited slots available.)
In the heart of the arts and cultural precinct is a city campus that houses a diverse and lively collection of contemporary art from Singapore and Southeast Asia. Take a tour through the SMU Art Collection with docents detailing stories about the artists, the artworks, and the history of SMU against the backdrop of little-seen spaces within the bustling campus.
Registration Fees
Conference Venue

Singapore Management University, Administration Building
81 Victoria Street, Level 4, Singapore 188065
Mochtar Riady Auditorium (Level 5)

Nearest MRT Station:
Bras Basah (CC2) / Bencoolen (DT21) / Bugis (EW12/DT14) / City Hall (EW13/NS25)

If you are driving, visit carpark information for more details.

Fairmont Singapore
80 Bras Basah Rd S189560

Swissotel The Stamford
2 Stamford Rd S178882

Carlton Hotel Singapore
76 Bras Basah Road S189558

V Hotel Bencoolen
48 Bencoolen St S189627

30 Bencoolen Singapore
30 Bencoolen St S189621

See more hotels…

Call for Papers (Closed)

Deadline 1 March 2024

Promotional Video