{"id":1451,"date":"2021-06-09T17:54:21","date_gmt":"2021-06-09T15:54:21","guid":{"rendered":"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/"},"modified":"2021-06-09T17:54:21","modified_gmt":"2021-06-09T15:54:21","slug":"firm-commitments","status":"publish","type":"events","link":"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/","title":{"rendered":"Firm Commitments"},"content":{"rendered":"<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\"><p>The Department of Finance of the University of Luxembourg is pleased to invite you to this seminar with\u00a0<a href=\"https:\/\/www.imperial.ac.uk\/people\/m.kacperczyk\" target=\"_blank\" title=\"\" rel=\"noopener\">Marcin Kacperczyk<\/a> from Imperial College London.\u00a0<\/p><strong>Abstract<\/strong><p>We provide a first empirical analysis of firm commitments to reduce their carbon emissions. A growing fraction of publicly traded companies around the world have already voluntarily made commitments to attain reductions in their emissions by a certain date or to reduce the emission intensity of their activities. What drives companies to make such commitments and what are their effects? We explore two major commitment movements, the carbon disclosure project (CDP), and the science-based target initiative (SBTi). Our main findings are, first that while the companies that make commitments subsequently further reduce their emissions, the effect of these commitment initiatives on overall emissions of publicly traded companies (including those that do not commit) has been small. Second, the companies that agree to commit, and those that make the most ambitious commitments, tend to be companies with lower carbon emissions. Third, firm commitments to reduce emissions are less prevalent in countries where governments have made national commitments. Overall, the movements to get companies to commit have been successful in drawing in the willing but have found greater resistance from the companies that need to reduce their emissions the most.<\/p><p>This event will be hosted online.\u00a0<strong>Please register <a href=\"https:\/\/www.eventbrite.co.uk\/e\/df-seminar-marcin-kacperczyk-imperial-college-london-registration-156670059365\" target=\"_blank\" title=\"\" rel=\"noopener\">via Eventbrite<\/a><\/strong><\/p><p>This event is supported by the Luxembourg National Research Fund (19\/14002698).<\/p><figure class=\"wp-block-dev4-reusable-blocks-image  object-fit--contain\">\n    \n<img decoding=\"async\" class=\"wp-block-image unilux-custom-image-block\"\n                alt=\"\"\n            src=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2024\/01\/quadri_gris_transparent_72ppi_1024x207-2.png\"\n                srcset=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2024\/01\/quadri_gris_transparent_72ppi_1024x207-2-300x61.png 300w, https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2024\/01\/quadri_gris_transparent_72ppi_1024x207-2-768x155.png 768w, https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2024\/01\/quadri_gris_transparent_72ppi_1024x207-2.png 1024w\"\n                style=\"object-position: 50.00% 50.00%; font-family: &quot;object-fit: contain; object-position: 50.00% 50.00%;&quot;; aspect-ratio: 16\/9; object-fit: contain; width: 100%;\"\n        loading=\"lazy\"\n\/>    <\/figure><\/div><\/section>","protected":false},"excerpt":{"rendered":"<p>The Department of Finance of the University of Luxembourg is pleased to invite you to this seminar with\u00a0Marcin Kacperczyk from Imperial College London.\u00a0<\/p>\n","protected":false},"author":0,"featured_media":1452,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"event_start_date":"2021-06-17 12:30:00","event_end_date":"2021-06-17 13:45:00","event_speaker_name":"Marcin Kacperczyk - Imperial College London ","event_speaker_link":"","event_is_online":false,"event_location":"Online Event (Webex)","event_street":"","event_location_link":"","event_zip_code":"","event_city":"","event_country":"LU"},"events-topic":[301],"events-type":[],"organisation":[115],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Firm Commitments - FDEF I Uni.lu<\/title>\n<meta name=\"description\" content=\"The Department of Finance of the University of Luxembourg is pleased to invite you to this seminar with\u00a0Marcin Kacperczyk from Imperial College London.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Firm Commitments\" \/>\n<meta property=\"og:description\" content=\"The Department of Finance of the University of Luxembourg is pleased to invite you to this seminar with\u00a0Marcin Kacperczyk from Imperial College London.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/\" \/>\n<meta property=\"og:site_name\" content=\"FDEF FR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uni.FDEF.lu\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2026\/03\/03111953\/FDEF_SM-Profile_1600x1600px-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/\",\"url\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/\",\"name\":\"Firm Commitments - FDEF I Uni.lu\",\"isPartOf\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2021\/06\/firm_commitments.jpg\",\"datePublished\":\"2021-06-09T15:54:21+00:00\",\"dateModified\":\"2021-06-09T15:54:21+00:00\",\"description\":\"The Department of Finance of the University of Luxembourg is pleased to invite you to this seminar with\u00a0Marcin Kacperczyk from Imperial College London.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/#primaryimage\",\"url\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2021\/06\/firm_commitments.jpg\",\"contentUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2021\/06\/firm_commitments.jpg\",\"width\":800,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.uni.lu\/fr\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Facult\u00e9 de Droit, d\u2019\u00c9conomie et de Finance\",\"item\":\"https:\/\/www.uni.lu\/fdef-fr\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Events\",\"item\":\"https:\/\/www.uni.lu\/fdef-fr\/events\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Firm Commitments\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/#website\",\"url\":\"https:\/\/www.uni.lu\/fdef-fr\/\",\"name\":\"FDEF\",\"description\":\"Facult\u00e9 de Droit, d\u2019\u00c9conomie et de Finance I Uni.lu\",\"publisher\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/#organization\"},\"alternateName\":\"Facult\u00e9 de Droit, d\u2019\u00c9conomie et de Finance I Universit\u00e9 du Luxembourg\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.uni.lu\/fdef-fr\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/#organization\",\"name\":\"FDEF - Universit\u00e9 du Luxembourg I Uni.lu\",\"alternateName\":\"Facult\u00e9 de Droit, d\u2019\u00c9conomie et de Finance\",\"url\":\"https:\/\/www.uni.lu\/fdef-fr\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2026\/03\/03111953\/FDEF_SM-Profile_1600x1600px-scaled.jpg\",\"contentUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2026\/03\/03111953\/FDEF_SM-Profile_1600x1600px-scaled.jpg\",\"width\":2560,\"height\":2560,\"caption\":\"FDEF - Universit\u00e9 du Luxembourg I Uni.lu\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-fr\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/uni.FDEF.lu\",\"https:\/\/www.linkedin.com\/showcase\/fdef-uni-lu\/\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Firm Commitments - FDEF I Uni.lu","description":"The Department of Finance of the University of Luxembourg is pleased to invite you to this seminar with\u00a0Marcin Kacperczyk from Imperial College London.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/","og_locale":"fr_FR","og_type":"article","og_title":"Firm Commitments","og_description":"The Department of Finance of the University of Luxembourg is pleased to invite you to this seminar with\u00a0Marcin Kacperczyk from Imperial College London.\u00a0","og_url":"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/","og_site_name":"FDEF FR","article_publisher":"https:\/\/www.facebook.com\/uni.FDEF.lu","og_image":[{"width":2560,"height":2560,"url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2026\/03\/03111953\/FDEF_SM-Profile_1600x1600px-scaled.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Dur\u00e9e de lecture estim\u00e9e":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/","url":"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/","name":"Firm Commitments - FDEF I Uni.lu","isPartOf":{"@id":"https:\/\/www.uni.lu\/fdef-fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/#primaryimage"},"image":{"@id":"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/#primaryimage"},"thumbnailUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2021\/06\/firm_commitments.jpg","datePublished":"2021-06-09T15:54:21+00:00","dateModified":"2021-06-09T15:54:21+00:00","description":"The Department of Finance of the University of Luxembourg is pleased to invite you to this seminar with\u00a0Marcin Kacperczyk from Imperial College London.\u00a0","breadcrumb":{"@id":"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/#primaryimage","url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2021\/06\/firm_commitments.jpg","contentUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2021\/06\/firm_commitments.jpg","width":800,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/www.uni.lu\/fdef-fr\/events\/firm-commitments\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.uni.lu\/fr"},{"@type":"ListItem","position":2,"name":"Facult\u00e9 de Droit, d\u2019\u00c9conomie et de Finance","item":"https:\/\/www.uni.lu\/fdef-fr\/"},{"@type":"ListItem","position":3,"name":"Events","item":"https:\/\/www.uni.lu\/fdef-fr\/events\/"},{"@type":"ListItem","position":4,"name":"Firm Commitments"}]},{"@type":"WebSite","@id":"https:\/\/www.uni.lu\/fdef-fr\/#website","url":"https:\/\/www.uni.lu\/fdef-fr\/","name":"FDEF","description":"Facult\u00e9 de Droit, d\u2019\u00c9conomie et de Finance I Uni.lu","publisher":{"@id":"https:\/\/www.uni.lu\/fdef-fr\/#organization"},"alternateName":"Facult\u00e9 de Droit, d\u2019\u00c9conomie et de Finance I Universit\u00e9 du Luxembourg","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.uni.lu\/fdef-fr\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/www.uni.lu\/fdef-fr\/#organization","name":"FDEF - Universit\u00e9 du Luxembourg I Uni.lu","alternateName":"Facult\u00e9 de Droit, d\u2019\u00c9conomie et de Finance","url":"https:\/\/www.uni.lu\/fdef-fr\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.uni.lu\/fdef-fr\/#\/schema\/logo\/image\/","url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2026\/03\/03111953\/FDEF_SM-Profile_1600x1600px-scaled.jpg","contentUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2026\/03\/03111953\/FDEF_SM-Profile_1600x1600px-scaled.jpg","width":2560,"height":2560,"caption":"FDEF - Universit\u00e9 du Luxembourg I Uni.lu"},"image":{"@id":"https:\/\/www.uni.lu\/fdef-fr\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/uni.FDEF.lu","https:\/\/www.linkedin.com\/showcase\/fdef-uni-lu\/"]}]}},"_links":{"self":[{"href":"https:\/\/www.uni.lu\/fdef-fr\/wp-json\/wp\/v2\/events\/1451"}],"collection":[{"href":"https:\/\/www.uni.lu\/fdef-fr\/wp-json\/wp\/v2\/events"}],"about":[{"href":"https:\/\/www.uni.lu\/fdef-fr\/wp-json\/wp\/v2\/types\/events"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-fr\/wp-json\/wp\/v2\/comments?post=1451"}],"version-history":[{"count":0,"href":"https:\/\/www.uni.lu\/fdef-fr\/wp-json\/wp\/v2\/events\/1451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-fr\/wp-json\/wp\/v2\/media\/1452"}],"wp:attachment":[{"href":"https:\/\/www.uni.lu\/fdef-fr\/wp-json\/wp\/v2\/media?parent=1451"}],"wp:term":[{"taxonomy":"events-topic","embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-fr\/wp-json\/wp\/v2\/events-topic?post=1451"},{"taxonomy":"events-type","embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-fr\/wp-json\/wp\/v2\/events-type?post=1451"},{"taxonomy":"organisation","embeddable":true,"href":"https:\/\/www.uni.lu\/fdef-fr\/wp-json\/wp\/v2\/organisation?post=1451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}