Advantage Ethical Enterprise Ecological Footprint Europe

The study, prepared by Advantage with the collaboration of Stephen J. Brown, Professor Emeritus of Finance, Leonard N. Stern School of Business, New York University, identifies a methodology for assessing the company’s ecological footprint, explores the relationship between a set of measures relating to the environmental impact of European listed companies and their probability of insolvency.
The statistical approach used, and developed in subsequent studies together with other co-authors, successfully captures the impact of operational risk on the default risk of companies and funds.
For more information on the Ecological Footprint study, contact the Advantage team.