PRI Academic Network Week

The PRI Academic Network Week was hosted across five days between 13-17 September 2021.

The event brought together the latest high-quality evidence and insights in responsible investment practices in an accessible way and aimed to bridge the gap between academic researchers and investors.

The findings were presented by their authors and discussed by investment practitioners and academics to offer feedback, to understand the work in the context of the literature and in relation to real world practice.

The event offered a unique opportunity for academics and investors to engage with each other, learn and discuss the latest insights. To find out more about the PRI’s Academic Research programme and access past event papers, blogs and podcasts visit our website here.

Conference Committee:

If you have any questions regarding this event, visit the FAQs page here or contact the PRI events team at


Current time zone: PDT

ESG Ratings and Investing

13:00 - 13:20

Opening remarks & awards ceremony

Fiona Reynolds, CEO, PRI
Session chair: Caroline Flammer (Boston University and Columbia University)

Caroline FlammerFiona Reynolds
13:20 - 14:05

Paper 13: Stock price reactions to ESG news: the role of ESG ratings and disagreement

Authors: George Serafeim (Harvard University), Aaron Yoon (Northwestern University)

Academic Discussant: Philipp Krueger (University of Geneva) 
Practitioner Discussant: Jason Mitchell (Man Group)

Philipp KrügerJason MitchellAaron Yoon
14:05 - 14:50

Paper 14: Is ​History Repeating Itself? The (Un)Predictable Past of ESG Ratings

Authors: Florian Berg (Massachusetts Institute of Technology), Kornelia Fabisik (Frankfurt School of Finance & Management), Zacharias Sautner (Frankfurt School of Finance & Management)

Academic Discussant: Shivaram Rajgopal (Columbia University)
Practitioner Discussant: Lloyd Kurtz (Wells Fargo)

Kornelia FabisikLloyd KurtzShivaram Rajgopal
14:50 - 15:35

Paper 15: Environmental, social and governance (ESG) factors and municipal bond yields

Authors: Christopher C. Bruno (University of Pennsylvania), Witold J. Henisz (University of Pennsylvania)

Academic Discussant: Dragon Tang (University of Hong Kong)
Practitioner Discussant: Jasper Cox (PRI)

Christopher C. BrunoJasper CoxWitold J. HeniszDragon Tang
15:35 - 15:55


Moderator: Caroline Flammer (Boston University and Columbia University)

Caroline Flammer
15:55 - 16:00

Closing remarks

Session chair: Caroline Flammer (Boston University and Columbia University)

Caroline Flammer

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