Effects of mandatory climate-related information disclosure on mutual funds

Jean-François Gajewski () and Linh Tran Dieu ()
Additional contact information
Jean-François Gajewski: LARJE - Laboratoire de Recherches Juridique et Economique - UNC - Université de la Nouvelle-Calédonie, MAGELLAN - Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon
Linh Tran Dieu: RITM - Réseaux Innovation Territoires et Mondialisation - Université Paris-Saclay

Post-Print from HAL

Abstract: Article 173-VI of France's Energy Transition for Green Growth Act requires large mutual funds to be transparent about the impacts of their investments on climate change. This article investigates whether this regulation helps discipline fund managers to reduce their carbon footprints. Using a difference-in-difference method, we show that French funds reduced their relative carbon footprints (i.e. measured by the weighted average of the emission intensities of holding firms) more after the introduction of the law. They rebalance their portfolios toward more climate-conscious firms. These results are robust for different control samples.

Keywords: Climate change; Mandatory disclosure; Mutual fund industry; Carbon footprint (search for similar items in EconPapers)
Date: 2025-12-12
References: Add references at CitEc
Citations:

Published in Les entretiens de la finance durable, EM Lyon, Dec 2025, Paris, France

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-05508326

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().