Environmental Impact of ESG Investments: Addressing the lack of cross-industry Calibration in current ESG-Ratings

Michael Hedegaard; Anna Maria Bracio; Dina Kusnezowa; Rodrigo Salvador

Environmental Impact of ESG Investments: Addressing the lack of cross-industry Calibration in current ESG-Ratings

Rambøll Denmark

Research output: Chapter in Book/Report/Conference proceeding › Conference abstract in proceedings › Research › peer-review

Original language	English
Title of host publication	Proceedings 13th International Conference On Sustainable Development ICSD 2025, Rome, Italy : Book of Abstracts
Editors	Pierangelo Magnini
Place of Publication	Rome, Italy
Publisher	European Center of Sustainable Development
Publication date	2025
Pages	72-73
Article number	38
ISBN (Electronic)	979-12-210-6925-9
Publication status	Published - 2025
Event	13th International Conference on Sustainable Development - Rome, Italy Duration: 10 Sept 2025 → 11 Sept 2025 https://ecsdev.org/conference/13th-icsd-2025

Conference

Conference	13th International Conference on Sustainable Development
Country/Territory	Italy
City	Rome
Period	10/09/2025 → 11/09/2025
Internet address	https://ecsdev.org/conference/13th-icsd-2025

Keywords

ESG
Absolute sustainability
Investment funds
Portfolio optimization
Sustainable investment
Environmental delta score
Portfolio theory

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Cite this

Hedegaard, M., Bracio, A. M., Kusnezowa, D., & Salvador, R. (2025). Environmental Impact of ESG Investments: Addressing the lack of cross-industry Calibration in current ESG-Ratings. In P. Magnini (Ed.), Proceedings 13th International Conference On Sustainable Development ICSD 2025, Rome, Italy: Book of Abstracts (pp. 72-73). Article 38 European Center of Sustainable Development.

Hedegaard, Michael ; Bracio, Anna Maria ; Kusnezowa, Dina et al. / Environmental Impact of ESG Investments: Addressing the lack of cross-industry Calibration in current ESG-Ratings. Proceedings 13th International Conference On Sustainable Development ICSD 2025, Rome, Italy: Book of Abstracts. editor / Pierangelo Magnini. Rome, Italy : European Center of Sustainable Development, 2025. pp. 72-73

@inbook{20c92977c5ce46f7b191351688f10335,

title = "Environmental Impact of ESG Investments: Addressing the lack of cross-industry Calibration in current ESG-Ratings",

keywords = "ESG, Absolute sustainability, Investment funds, Portfolio optimization, Sustainable investment, Environmental delta score, Portfolio theory",

author = "Michael Hedegaard and Bracio, \{Anna Maria\} and Dina Kusnezowa and Rodrigo Salvador",

year = "2025",

language = "English",

pages = "72--73",

editor = "Pierangelo Magnini",

booktitle = "Proceedings 13th International Conference On Sustainable Development ICSD 2025, Rome, Italy",

publisher = "European Center of Sustainable Development",

note = "13th International Conference on Sustainable Development, ICSD ; Conference date: 10-09-2025 Through 11-09-2025",

url = "https://ecsdev.org/conference/13th-icsd-2025",

}

Hedegaard, M , Bracio, AM, Kusnezowa, D & Salvador, R 2025, Environmental Impact of ESG Investments: Addressing the lack of cross-industry Calibration in current ESG-Ratings. in P Magnini (ed.), Proceedings 13th International Conference On Sustainable Development ICSD 2025, Rome, Italy: Book of Abstracts., 38, European Center of Sustainable Development, Rome, Italy, pp. 72-73, 13th International Conference on Sustainable Development, Rome, Italy, 10/09/2025.

Environmental Impact of ESG Investments: Addressing the lack of cross-industry Calibration in current ESG-Ratings. / Hedegaard, Michael ; Bracio, Anna Maria; Kusnezowa, Dina et al.
Proceedings 13th International Conference On Sustainable Development ICSD 2025, Rome, Italy: Book of Abstracts. ed. / Pierangelo Magnini. Rome, Italy: European Center of Sustainable Development, 2025. p. 72-73 38.

Research output: Chapter in Book/Report/Conference proceeding › Conference abstract in proceedings › Research › peer-review

TY - ABST

T1 - Environmental Impact of ESG Investments: Addressing the lack of cross-industry Calibration in current ESG-Ratings

AU - Hedegaard, Michael

AU - Bracio, Anna Maria

AU - Kusnezowa, Dina

AU - Salvador, Rodrigo

PY - 2025

Y1 - 2025

KW - ESG

KW - Absolute sustainability

KW - Investment funds

KW - Portfolio optimization

KW - Sustainable investment

KW - Environmental delta score

KW - Portfolio theory

M3 - Conference abstract in proceedings

SP - 72

EP - 73

BT - Proceedings 13th International Conference On Sustainable Development ICSD 2025, Rome, Italy

A2 - Magnini, Pierangelo

PB - European Center of Sustainable Development

CY - Rome, Italy

T2 - 13th International Conference on Sustainable Development

Y2 - 10 September 2025 through 11 September 2025

ER -

Hedegaard M , Bracio AM, Kusnezowa D, Salvador R. Environmental Impact of ESG Investments: Addressing the lack of cross-industry Calibration in current ESG-Ratings. In Magnini P, editor, Proceedings 13th International Conference On Sustainable Development ICSD 2025, Rome, Italy: Book of Abstracts. Rome, Italy: European Center of Sustainable Development. 2025. p. 72-73. 38