The PRI Academic Network Conference was hosted as part of PRI in Person on 4-5 October 2023. The event showcases the latest high-quality, independent evidence and insights in responsible investment practices. Bridging the gap between investors and academics, it offers a unique opportunity to engage, learn, and network. 

The conference represents an integral part of the PRI’s longstanding support for fostering new research and a community of practice in RI, from which the latest ESG research can inform the investment practices, behaviours and systems. 

To find out more about the PRI’s Academic Research programme and access past event papers, visit our ‘All academic network conference articles’ page

Please find the recordings and papers for each day below.

Wednesday, 4 October 

Breakout 1C: Climate risks and investing  

Session ChairCaroline Flammer  (Columbia University, NBER, and ECGI) 

Paper 1: Counterproductive Sustainable Investing: The Impact Elasticity of Brown and Green Firms   


Academic discussantHao Liang  (Singapore Management University, and ECGI) 

Practitioner DiscussantAndy Howard  (Global Head of Sustainable Investment at Schroders) 

Paper 2: What Drives Beliefs about Climate Risks? Evidence from Financial Analysts   


Academic DiscussantDarwin Choi  (The Chinese University of Hong Kong) 

Practitioner DiscussantMartin Skancke (Chair of the PRI Board) 


Breakout 2C: Firms and Corporate Political Activities 

Session Chair: Pedro Matos (University of Virginia and ECGI) 

Paper 3: Investing in Influence: Investors, Portfolio Firms, and Political Giving  


Academic Discussant:  Dylan Minor (UCLA) 
Practitioner Discussant:  Lisa Hayles (Director, International Shareholder Advocacy at Trillium Asset Management) 

Paper 4: Do Socially Responsible Firms Pay Taxes? CSR and Effective Tax Rates 


Academic Discussant:  Xavier Giroud (Columbia University, NBER and CEPR) 
Practitioner Discussant:  Emma Pullman (Head of Capital Stewardship at BC General Employees’ Union) 


Breakout 3C: Diversity, equity, and inclusiveness 

Session Chair: Ayako Yasuda (UC Davis) 

Paper 5: Empowering Women by Index Membership: Evidence from a Unique Experiment from Japan 


Academic Discussant:  Shaun Davies (University of Colorado Boulder) 
Practitioner Discussant:  Kaoru Kobu (Head of ESG at Invesco Asset Management Japan) 

Paper 6: Diversity, Equity, and Inclusion  


Academic Discussant:  Kai Li (University of British Columbia, and ECGI) 
Practitioner Discussant:  Yumiko Murakami (General Partner at MPower Partners) 

 Thursday, 5 October

Breakout 4C: Governance and incentives 

Session Chair: Pedro Matos (University of Virginia and ECGI) 

Paper 7: Does Paying Passive Managers to Engage Improve ESG Performance?  


Academic Discussant: Jun Yang (Indiana University, and ECGI) 
Practitioner Discussant: Marie Briere (Head of Investor Intelligence and Academic Partnerships at AMUNDI Institute) 

Paper 8: Foreign Institutional Ownership and Corporate Carbon Emissions  


Academic Discussant: Miguel Ferreira (Nova School of Business and Economics, and ECGI) 
Practitioner Discussant: Lloyd Kurtz (Senior Portfolio Manager at Montecito Bank & Trust) 


Breakout 5C: Towards system-level investing

Session Chair: Caroline Flammer (Columbia University, NBER, and ECGI) 

Paper 9: Institutional Investor Industrial Policy 


Academic DiscussantBen Caldecott (GRASFI, The Alan Turing Institute, University of Oxford) 
Practitioner DiscussantLinda-Eling Lee (Founding Director and Head, MSCI Sustainability Institute) 

Paper 10: Collaborative Investor Engagement with Policymakers: Changing the Rules of the Game?


Academic Discussant:  Naoko Ishii (University of Tokyo) 

Practitioner DiscussantJason Mitchell (Head of Responsible Investment Research at Man Group) 

We would like to thank our Academic Prize Sponsor and our Bursary Sponsor.  

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