About the Conference

The SGFIN Research Conference 2026, held in conjunction with the SGFIN Sustainability Summit, explores the “Physical Risk and Natural Capital: Challenges and Opportunities for Sustainable Finance.” The Research Conference features academic paper presentations and discussions that examine key research questions on physical climate risk, natural capital and sustainable finance.

Why attend

Engage with frontier research
in sustainability & climate risk

Receive feedback from leading
international scholars

Build international research
collaborations

Explore publication and
special issue opportunities

Research Conference Themes

theme1
Understanding Physical Climate Risk

Advances in modelling measurement and implications for financial stability

theme2
Valuing Natural Capital

Integrating ecological assets and ecosystem services into financial and economic frameworks

theme3
Opportunities for Financial Innovation

Emerging tools, products, and frameworks that alignn finance with nature and resilience

theme4
Risk Transmission Channels

How physical risks and natural capital degradation affect firms, portfolios and the broader economy

theme5
Policy, Regulation and Global Coordination

The evolving role of regulators, standard setters and international initiatives in managing nature-related risks

Programme at a Glance

Academic paper presentation
with discussants

Interactive scholarly exchange
and moderated discussions

Thematic sessions aligned
with conference focus

Networking and collaborative
opportunities

08:30 AM Registration
08:50 AM Welcome Remarks
09:00 AM Morning Session 1: Climate Risk and Attention
10:20 AM Tea Break
10:40 AM Morning Session 2: Climate Governance and Contracts
12:00 PM Lunch
01:30 PM Afternoon Session 1: Sustainable Supply Chain
02:50 PM Tea Break
03:10 PM Afternoon Session 2: Biodiversity and Climate Risk
05:10 PM Event Wrap Up

Past Conference Highlights

Conference Papers

The conference papers will be released on the day of the event. You may return to this page later to view and download them.

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Attention and Green Delivery
Authors:
- Bao, Te (NTU);
- Chua, Yeow Hwee (NTU);
- Luo, Xuan (NTU);
- Zhang, Ruge (NTU);
- Zhang, Xu (HKUST);
Presenter: Ruge Zhang (NTU)
Discussant: Zhang Bohui (CUHK Shenzhen)
View Paper

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Do Firms Adapt to Seasonal Climate Forecasts?
Authors:
- Charoenwong, Ben (INSEAD);
- Tomar, Sorabh (Southern Methodist University);
Presenter: Ben Charoenwong (INSEAD)
Discussant: Yasmine van der Straten (Nova School of Business and Economics)
View Paper

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Binding Commitments and Credit Spreads in Sustainability-Linked Bonds
Authors:
- Long, Suwan (IESEG);
- Mohaddes, Kamair (Judge Business School and King’s College, University of Cambridge);
- Ul Haq, Imtiaz (International Finance Corporation, World Bank Group);
Presenter: Suwan Long (IESEG)
Discussant: Junxiong Gao (Shanghai Jiao Tong University)
View Paper

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Can Limited Partners Mitigate Negative Externalities in Private Equity?
Authors:
- Duevski, Teodor (HEC Paris);
- Rastogi, Chhavi ( International Finance Corporation, World Bank Group);
- Yao, Tianhao (SMU);
Presenter: Tianhao Yao (SMU)
Discussant: Alminas Zaldokas (NUS)
View Paper

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Monitoring the Green Line: Environmental Covenants in Supply Chain Contracts
Authors:
- Cen, Ling (CUHK);
- Dai, Ting (HKUST);
- Hertzel, Michael (Arizona State University);
- Liao, Scott (University of Toronto);
Presenter: Ling Cen (CUHK)
Discussant: Hannes Wagner (Bocconi University)
View Paper

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Deep and Shallow Decarbonization in the Supply Chain
Authors:
- Pedraza, Alvaro (World Bank Group);
- Beck, Anne (World Bank Group);
Presenter: Alvaro Pedraza (World Bank Group)
Discussant: Jing Wu (CUHK)
View Paper

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Corporate Biodiversity Exposure and the Market Response to Earnings Announcements 
Authors:
- Akbari, Amir (McMaster University);
- Ng, Lilian (York University);
- Wang, Tracy (The Australian National University);
- Zhu, Nathan (Zhejiang University);
Presenter: Lilian Ng (York University)
Discussant: Zuo Luo (NUS)
View Paper

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Burning out Profits: Wildfire Exposure and Corporate Performance
Authors:
- Duan, Xiaopeng (Xiamen University);
- Liu, Yuanyuan (Xiamen University);
- Meng, Lina (Xiamen University);
- Zhang, Naishan (Xiamen University);
Presenter: Meng, Lina (Xiamen University)
Discussant: Michael Shen (City University of Hong Kong)
View Paper

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Biodiversity Impacts of Renewable Energy
Authors:
- Gong, Haozhou (University of Hong Kong);
- Lin, Chen (University of Hong Kong);
- Sautner, Zacharias (University of Zurich and the Swiss Finance Institute);
- Schmid, Thomas (University of Hong Kong);
Presenter: Thomas Schmid (University of Hong Kong)
Discussant: Tan Soo Jie Sheng (NUS)
View Paper

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Conference Organisers

PROGRAM ORGANISERS

Johan Sulaeman, SGFIN
Alminas Zaldokas, SGFIN
Zhang Weina, SGFIN

 
ORGANISING COMMITTEE

Filip Biljecki, NUS (Architecture)
Roman Carrasco, NUS (Biology)
Emirhan Ilhan, NUS (Finance)
Gianmarco Mengaldo, NUS (Engineering)
Qin Yu, NUS (Real Estate)
Umakanth Varottil, NUS (Law)
Dariusz Wojcik, NUS (Geography)
Zhu Qifei, NUS (Finance)
Lin Yupeng, NUS (Accounting)
Pang Sze Dai, NUS (Engineering)
Simone Fatichi, NUS (Engineering)
He Xiaogang, NUS (Engineering)

SCIENTIFIC ADVISORY COMMITTEE

Darwin Choi, Hong Kong University of Science and Technology
Griffin Wenxi Jiang, Chinese University of Hong Kong
Hao Liang, Singapore Management University
Lilian Ng, York University
Christoph Schiller, Ohio State University
Paul Smeets, University of Amsterdam
Laura Starks, University of Texas at Austin
Dragon Tang, University of Hong Kong
Sheridan Titman, University of Texas at Austin
Guojun He, University of Hong Kong
Po-Hsuan Hsu, National Tsing Hua University
Zacharias Sautner, University of Zurich

CONFERENCE MANAGERS

Yannis Yuan, SGFIN
Chen Mengzhu, SGFIN
Chan Shermine, SGFIN

Venue

Innovation 4.0
Level 01-03 Seminar Room
3 Research Link
Singapore 117602

Registration is Now Open

Secure your place at SGFIN’s Annual Research Conference on Sustainability 2026 and be part of the global conversation shaping the future of sustainable finance.

Held in conjunction with the SGFIN Research Conference, we also invite you to explore key industry perspectives at SGFIN Summit 2026 — 12 March 2026. Learn More