What is the price of the climate transition planning ?

Gregory Schneider-Maunoury and Ihassane Hamidi ()
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Gregory Schneider-Maunoury: UP13 - Université Paris 13, CEPN - Centre d'Economie de l'Université Paris Nord - Université Sorbonne Paris Nord
Ihassane Hamidi: Université Sorbonne Paris Nord

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Abstract: This research focuses on the relationship between climate transition plan quality and financial performance (measured as risk and return). The literature analysis recalls the contrasted results obtained on the relationship between past GHG emissions disclosure and return.The assessment of climate transition plans is proposed, three globally renowned frameworks (CA 100+, TPI, ACT Assessment) being presented. The approach followed is then presented: research questions and methods used to test them: PCA for coping with the multidimensionality of the methods, and different regression models to assess the relations between climate transition plans and risk and return of company's shares. The results are presented for each method. The main output found is that, on the tested 2023-2025 period, no climate transition plan assessments have relationships with the return. However, on risk, measured by volatility, some relationship is found with the ACT Assessment through volatility decrease.

Keywords: Climate transition plans; return; Volatility; Environment; Environnement; Transition (search for similar items in EconPapers)
Date: 2026-10-07
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