ESG scores and scandal risk: How can investors make smarter choices?

A study conducted by researchers from The University of Hong Kong, University College London, Xiamen University, and The Hong Kong Polytechnic University, published in Financial Innovation, explores the nuanced interplay between environmental, social, and governance (ESG) scores and corporate scandal risks. The study analyzed over 13,000 corporate events across 86 countries to provide a data-driven understanding of this dynamic.