2023-24 Topical Focus
The 2023-24 Berkeley Haas Sustainable Business Research Prize sought papers that spoke to the intersection of individual and market behavior and sustainability. Recognizing that the global market is acting insufficiently to address the pending crisis associated with climate change and resource sustainability, papers were submitted that that explored economic levers that motivate individuals, corporations and markets to act with urgency on climate and resource saving initiatives.
2023-24 Prize Winner and Finalists
From a strong field of submitted papers, Biodiversity Risk was selected as the winner of the 2023-24 Berkeley Haas Sustainable Research Prize. The paper has immediate potential application. Investors can use the findings to better understand how biodiversity risk affects current and future business performance and take better-informed positions on industries and specific equities. At the same time, researchers can use the new measures to delve more deeply into impacts in economics, business, and human welfare.
Winner: Biodiversity Risk Research paper / Research brief
Authors:
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- Stefano Giglio (Yale School of Management)
- Theresa Kuchler (NYU Stern School of Business)
- Johannes Stroebel (NYU Stern School of Business)
- Xuran Zeng (NYU Stern School of Business)
Finalist: Cost- Efficient Pathways to Decarbonizing Portland Cement Production Research paper/ Research brief
Authors:
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- Gunther Glenk (Harvard University and University of Mannheim)
- Anton Kelnhofer (Technical University of Munich)
- Rebecca Meier (University of Mannheim)
- Stefan Reichelstein (Stanford University and University of Mannheim)
Finalist: CRISK: Measuring the Climate Risk Exposure Research paper/ Research brief
Authors:
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- Hyeyoon Jung (Federal Reserve Bank of New York)
- Robert Engle (NYU Stern)
- Richard Berner (NYU Stern)
Finalist: Corporate decarbonization initiatives matter less than state climate policies Research paper/Research brief
Authors:
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- Benjamin Leffel (UNLV School of Public Policy and Leadership)
- Thomas Lyon (Ross School of Business, University of Michigan)
- Joshua Newell (School for Environment and Sustainability, University of Michigan)