A BREN SEMINAR
Environmental information disclosure has been called the "third wave" of pollution control, following command-and-control and market mechanisms. Disclosure programs have proliferated since the 1980s, and they have received substantial attention from researchers, who have generally concluded that these programs have significant impacts on corporate profits and lead to emissions reductions. Yet the mechanisms by which these programs act remain poorly understood. New evidence is emerging that suggests their effects are more heterogeneous than initially thought, and that environmentally friendly behavior is not universally rewarded by the market. In addition, strategic disclosure by firms can undermine the performance of disclosure programs. This talk takes stock of what is known about information disclosure and its effects, and suggests new paths forward for research and policy.
Thomas P. Lyon holds the Dow Chair of Sustainable Science, Technology and Commerce at the University of Michigan, with appointments in both the Ross School of Business and the School of Natural Resources and Environment. He has served as Director of the Erb Institute for Global Sustainable Enterprise and currently serves as Associate Director of the U.M. Energy Institute for Policy and Social Science. Professor Lyon is a leader in using economic analysis to understand corporate environmental strategy, especially in the energy industry, and how it is shaped by emerging government regulations, non-governmental organizations, and consumer demands. His book Corporate Environmentalism and Public Policy, published by Cambridge University Press, is the first rigorous economic analysis of this increasingly important topic. His current research focuses on corporate environmental information disclosure, greenwash, and eco-certification.
NOTE: Bren seminars are hosted by Bren faculty members and are generally high-level talks about research in a particular area of environmental science and management.
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