Publications

This listing includes our most recent articles, reports and briefings.

Report front page "Understanding the impact of a low carbon transition on Colombia"

Report

Understanding the impact of a low carbon transition on Colombia (2023)

Jointly undertaken with WTW and the support of the AFD, this report quantified the potential climate change transition risk for Colombia and comprehensively assessed its impact on various sectors and the nation's public finances.

How exposed is Colombia to climate transition risk? Who will face this risk? What are the options for the country? are some of the questions answered by this study.

Report front page "Mejores negocios para un mundo mejor"

Report

Mejores negocios para un mundo mejor (2022)

The study, conducted by a team of experts in finance and environment, arises from the need to strengthen institutions through the involvement of the private sector (business sector and civil society) in the redirection of the economic model towards a more sustainable and inclusive one. It proposes various innovations in the financial sector, through scalable and profitable projects, which add value to the environmental and social sustainability of the country.

Research by associate professors


Article

The value effect of sustainability: Evidence from Latin American ESG bond market (2023)

This article examines the effect of 115 environmental, social, and governance (ESG) bond issuances on the stock price of Latin American listed firms over the period 2016 – 2022. One of its findings is an increase of almost 2% in the valuation of the issuing company's stocks.

    Authors:
  • Guillermo Arévalo, Doctoral Student - School of Management, Universidad de los Andes
  • Maximiliano González, Ph.D - School of Management, Universidad de los Andes - Regional Center for Sustainable Finance, Universidad de los Andes
  • Alexander Guzmán, Ph.D. - CESA Business School
  • María Andrea Trujillo, Ph.D - CESA Business School

Universidad de los Andes | Vigilada Mineducación Reconocimiento como Universidad: Decreto 1297 del 30 de mayo de 1964.  Reconocimiento personería jurídica: Resolución 28 del 23 de febrero de 1949 Minjusticia.

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