OLD Media News

Positive climate change coverage good for business: Deutsche Bank

It turns out that positive climate change news coverage is good for business despite long-held beliefs to the contrary.

In its first report for a new research product suite for corporate clients, Deutsche Bank scoured five million pages of news and found that positive climate-change coverage helped stocks beat the market.

The report found that companies that experience positive sustainability press saw share price outperformance of 1.4 per cent per year over the MSCI World Index, an outperformance of 26 per cent.

Programming their new artificial intelligence platform Alpha-Dig, developed by the bank’s Data Innovation Group (dbDIG), the bank analyzed stock impact and mapped company stock prices after filtering though a staggering five million pages of company announcements released by 1,600 MSCI World companies over the last 20 years, in addition to every Dow Jones news article written.

“As government regulation on the issue continues to increase, climate change mitigation will become a normal part of doing business,” said the report. “Customers have spoken, investors have spoken. Those companies that do not listen will certainly be left behind.”

Yvonne Zacharias

Recent Posts

CNBC taps Sullivan as “Power Lunch” co-anchor

CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…

20 hours ago

Business Insider hires Brooks as standards editor

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…

20 hours ago

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

1 day ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

3 days ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

4 days ago

FT hires Moens to cover competition and tech in Brussels

The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…

4 days ago