Videos & Podcasts

In Search of the True Greenium

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What is the true greenium, the return difference between green and brown securities? In this webinar, Professor Lasse Heje Pedersen presents a novel, forward-looking measure that reveals how the greenium evolves across markets and over time, offering fresh insights for ESG investors and regulators.
Session 2, Speaker & Moderator

On September 23, 2024, EDHEC Business School hosted Professor Lasse Heje Pedersen from Copenhagen Business School and Principal at AQR Capital Management, for a thought-provoking webinar exploring the dynamics of the greenium, the return gap between green and brown securities.

Professor Pedersen introduced a new, forward-looking measure that captures how the greenium evolves across markets and over time, providing fresh insights for ESG investors and regulators seeking to understand how environmental preferences are priced in financial markets.

Co-Moderators:

  • Riccardo Rebonato – Professor of Finance at EDHEC Business School and Scientific Director of EDHEC-Risk Climate Impact Institute

  • Emmanuel Jurczenko – Executive Director of Graduate Finance Programmes, EDHEC Business School

  • Théo Jesover – Student in the MSc in Climate Change and Sustainable Finance, EDHEC Business School

This session offered valuable perspectives on the intersection of sustainable finance, asset pricing, and policy, enriching the ongoing dialogue on how innovative financial tools can support the transition to a greener economy.