Maretno Agus Harjoto, Clemens Kownatzki, Jillian Alderman, and Robert Lee Receive 2021 S&P Global Academic ESG Research Award

The Portfolio Management Research announced Maretno Agus Harjoto, Clemens Kownatzki, Jillian Alderman, and Robert Lee are winners of the 2021 S&P Global Academic ESG Research Award. Their winning article, Sustainable Consumption and Production, Climate Change, and Firm Performance, recognizes the urgency for corporations to meet the United Nations Sustainable Development Goals (UNSDG) on sustainable consumption and production. The study examines how well firms’ environmental, social, and corporate governance (ESG) performance are aligned with the firms’ ability to meet UNSDG’s sustainable consumption and production (goal #12) and climate action (goal #13), as well as the firms’ financial performance and stock returns.