(Outlet: ABC News) As climate disasters grow more costly, insurers aren’t paying policies. “The insurer’s goal is to collect more in premiums than they pay out in claims,” said Ben Keys, University of Pennsylvania Wharton School of Business professor of real estate and finance. “We’re seeing higher costs of materials, higher costs of labor, and those are growing faster than inflation.”…Read More
(Outlet: ABC News) As climate change continues to cause disasters across the country, some people in the most high-risk areas that have already seen massive destruction say they are being left behind. Experts say the situation has been compounded for a number of reasons, including insurers arguing that the risk of doing business there is just too high due to the elevated risk of wildfires and California laws that restrict how the insurance companies can price out their policies.…Read More
(Outlet: The Conversation) Witold J. Henisz, Anne Jamison, and Brian Ganson discuss the findings of their comprehensive study of thousands of projects of the International Finance Corporation (IFC), the private sector arm of the World Bank Group. …Read More
(Outlet: PLANADVISER Online) When it comes to market investing, ESG stocks are difficult to define and benchmark, said Witold Henisz, the vice dean and faculty director of the ESG Initiative at the University of Pennsylvania’s Wharton School. But that is not necessarily uncommon in the world of equities.…Read More
(Outlet: Financial Times) Witold Henisz, Vice-Dean and Faculty Director of the ESG Initiative at the Wharton School, responds to Aswath Damodaran’s recent opinion piece “ESG is beyond redemption and deserves to RIP.” …Read More
(Outlet: IR Magazine) A record number of companies have achieved ‘trendsetter’ status for their transparency around political spending in the 2023 CPA-Zicklin Index of Corporate Political Disclosure and Accountability. …Read More
Things moved quickly at the 2023 Wharton Climate Prof, a fast-paced event that gave professors just five minutes to present years of their research at the intersection of business and climate change. But with research so provocative, five minutes was all they needed to engage the audience and leave them wanting more.…Read More
(Outlet: MarketWatch) Watchdog and Wharton center release their latest study that tracks companies’ disclosures of political spending. According to the latest study co-authored by that organization, the Center for Political Accountability in Washington, D.C., and the Zicklin Center for Business Ethics Research at the University of Pennsylvania’s Wharton School, a growing number of S&P 500 companies have made the effort to earn the highest scores from a watchdog organization that’s focused on transparency in corporate political spending.…Read More
(Outlet: NPR) Many in Florida are finding homeowners’ insurance unaffordable, and it’s only getting worse. Benjamin Keys, a professor of real estate at the University of Pennsylvania, says, “What we have is a real changing landscape in insurance markets, a recognition that risks have increased in recent years. Disasters are occurring with more frequency and severity than previously forecast.”…Read More
Deepen your knowledge, expand your toolkit, and power your impact this spring. Explore ten of the many ESG-related courses available to Penn and Wharton students in the upcoming semester. …Read More
