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Contribution Details

Type Master's Thesis
Scope Discipline-based scholarship
Title Cheap talk in the MSCI World Index: Portfolio and constituents’ alignment with net-zero-emission goals using ClimateBERT
Organization Unit
Authors
  • Franciele Sampaio dos Santos Safra
Supervisors
  • Jordy Rillaerts
  • Markus Leippold
Language
  • English
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Number of Pages 94
Date 2023
Abstract Text This thesis examines the alignment of the MSCI World Index and its constituents with net-zero emissions using the Cheap Talk Index (CTI) and Sentiment Index (OppRisk), derived from ClimateBert, and net-zero-emission metrics. Findings reveal that companies with low CTI and negative OppRisk have emission reduction targets that are out of line with NZE goals, while those with high CTI struggle to achieve their targets. The proposed classification framework categorizes most companies analyzed as Unambitious or Greenwashing. The study emphasizes the importance of aligning targets with recognized net-zero pathways, such as those recommended by the IPCC or IEA.
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