August 17, 2022 | Documents

Perceived Organizational Purpose: Systematic Literature Review, Construct Definition, Measurement and Potential Employee Outcomes

Organizational purpose has recently gained great popularity in research and practice. However, the development of this nascent research field has struggled with definitional ambiguity, the lack of a measurement instrument and little empirical testing of potential outcomes. In our paper, we first introduce and define the multidimensional construct of perceived organizational purpose, which sheds light […]

April 27, 2022 | Documents

Active ownership: the keys of success

Exit vs. voice – this is the general choice that responsible shareholders face when invested in a company that behaves in a way that does not align with their values. The first option is to dissociate themselves and divest. The second is to engage in dialogue to initiate positive change. The latter strategy refers to […]

April 20, 2022 | Documents

Active ownership: for what impact?

Exit vs. voice – this is the general choice that responsible shareholders face when invested in a company that behaves in a way that does not align with their values. The first option is to dissociate themselves and divest. The second is to engage in dialogue to initiate positive change. The latter strategy refers to […]

April 13, 2022 | Documents

Active ownership: by whom and how?

Exit vs. voice – this is the general choice that responsible shareholders face when invested in a company that isn’t behaving in a way that aligns with their values. The first option is to dissociate themselves and divest. The second is to engage in dialogue to initiate positive change. The latter strategy refers to active […]

March 15, 2022 | Documents

Swiss Negative Emissions Fund – paying for Net Zero

In this paper, we propose setting up a fund to finance the removal of all Swiss territorial GHG (greenhouse gas) emissions from 2030. The fund will accelerate decarbonization and help reach annual net zero emissions around 2040, and then progressively remove all past emissions emitted from 2030. The fund will be entirely funded by emitters, […]

March 8, 2022 | Documents

Threats to Nitrogen Fertilizer, Opportunities to Cultivate Sustainable Practices?

A chain of reactions is threatening the world’s food supply. Today, the price of the most widely used fertilizer (nitrogen fertilizer) is surging, with potentially devastating effects on global crop yields.

December 21, 2021 | Documents

Building Benchmarks Portfolios with Decreasing Carbon Footprints

In this paper, the authors build portfolios with decreasing carbon footprint, which passive investors can use as new Paris-consistent (PC) benchmarks and have the same risk- adjusted returns as business as usual (BAU) benchmarks. As the distribution of firms’ carbon intensity is very skewed, excluding a small fraction of highly polluting firms can massively reduce […]

December 16, 2021 | Documents

Carbon removal, net zero, and implications for Switzerland

Carbon removal, including carbon capture, utilization and storage (CCUS) and negative emission technologies (NET), is an important but small part of climate action, unlikely to scale beyond 5-10% percent of current emissions, in the 2-3 critical decades we have to stabilize our climate and stop biodiversity loss. We propose a typology of climate action, and […]

November 29, 2021 | Documents

Divesting: for what impact?

Sustainable finance is experiencing a period of spectacular growth and the role of finance is being questioned in an unprecedented manner. Among the environmental, social and governance (ESG) strategies used by responsible investors, the simplest, and undoubtedly the most popular, is that of excluding bad ESG performers – also referred to as divesting or exclusion. […]

October 25, 2021 | Documents

Climate-Related Disasters and the Death Toll

With climate change accelerating, the frequency of climate disasters is expected to increase in the decades to come. There is ongoing debate as to how different climatic regions will be affected by such an acceleration. In this paper, we describe a model for predicting the frequency of climate disasters and the severity of the resulting […]

September 16, 2021 | Documents

The future of globalization: Building resilient and sustainable supply chains

New report by the Enterprise for Society Center analyzes the resilience and sustainability challenge of globalization.

August 17, 2021 | Documents

Greening the Swiss National Bank’s portfolio

The integration of environmental preferences and the practice of sustainable and responsible investing are widely discussed topics among investment professionals, academics, and policy makers. Survey results confirm that more and more institutional investors commit to the integration of principles of responsible investment in their investment process. Central banks worldwide actively take part in the policy […]

June 28, 2021 | Documents

Bending the Line: Moving Towards a Circular Economy

The world is today operating in a linear economy that extracts natural resources, produces energy or goods which are disposed in the form of pollution or waste. This “take, make, waste” system has generated prosperity and wealth in many parts of the world, but has also polluted the planet and the atmosphere. The consequences are […]

June 3, 2021 | Documents

Introducing an Air Ticket Tax in Switzerland: Estimated Effects on Demand

Air travel is now recognized as the most important driver of anthropogenic climate change of all Swiss economic sectors, ahead of ground transport. Furthermore, It is widely expected that Swiss air travel will return to pre-COVID levels and continue its rise thereafter. We estimate that the planned air ticket tax in the revised CO2 Act would reduce future Swiss air travel demand in the future, by incentivising substitution behaviour away from air travel.

March 16, 2021 | Documents

Automation Technologies and the Future of Work:
Policies for Inclusive Growth

There is a growing concern in public discussions that automation could soon make human labor obsolete. This report aims to delineate the state of knowledge on the impact of machines on the future of work and to offer guidance on how to prepare societies for the arrival of intelligent machines.

March 16, 2021 | Documents

Saving the world from your couch:
The heterogeneous medium-run benefits of COVID-19 lockdowns on air pollution

E4S researchers and co-authors estimate the medium-run impact of a battery of COVID- 19 related lockdown measures on air quality across 162 countries. They find that domestic and international lockdown measures overall led to a substantial persistent decline in air pollution.

March 11, 2021 | Documents

Seeing is Believing:
Toward Interpretable Data Visualization

When we see something we can easily detect patterns, we can spot anomalies, we can verify similarities. That’s why when dealing with data it is particularly important to reach the visualization part as early as possible. It can significantly speed up the identification of data problems but also help to better communicate and illustrate the research findings.

March 2, 2021 | Documents

Coronavirus crisis is exacerbating inequality in Switzerland

A recent study published by the KOF (Swiss Economic Institute), and co-financed by E4S and the Federal Office of Public Health shows that inequalities have increased with the Covid-19 health crisis. The economic impact of the COVID-​19 pandemic is being felt across all social strata. However, low-​income households are suffering particularly as a result of […]

January 28, 2021 | Documents

Distant learning increases student inequality

A study just published in the Journal of the European Economic Association analyses the impact of online live streaming of lectures in a public Swiss university before the COVID-19 pandemic hit. The results show that students prefer to be in the classroom when this is possible and that following lectures online help students that usually […]

December 21, 2020 | Documents

The elea Way – A learning journey towards sustainable impact

IMD’s Professor and E4S member Vanina Farber and Dr. Peter Wuffli, founder of the elea foundation, offer practical advice in their new book on how inclusive capitalism can address absolute poverty. Impact investing has become mainstream. The desire to link investments to social goals is no longer a buzzword for do-gooders, but a daily reality […]

December 12, 2020 | Documents

Green Domestic Product: Netting Greenhouse Gas Emissions from Gross Domestic Product

The Gross Domestic Product (GDP) is rightly criticized for not being an accurate measure of economic value added since it does not account for the environmental damages caused by the underlying economic activity.

December 9, 2020 | Documents

Find out more about consumption in Switzerland: Monitoring Consumption in Switzerland

In two short explanatory videos, Prof. Rafael Lalive presents the tool “Monitoring Consumption in Switzerland”

November 26, 2020 | Documents

Second wave: Swiss self-employed dealing with the Covid-19 confinement

How has the business situation and the financial and mental health of the self-employed changed since April? A survey conducted by the KOF Institute and the University of Lausanne among self-employed people and business owners in Switzerland analyses the effects of the 2nd wave of Covid-19. This report follows a first study conducted in spring […]

November 17, 2020 | Documents

We must shift from a broken economic system to a more inclusive and ecologically sustainable world, say E4S leaders

“The capital in capitalism must not be restricted to physical capital – it must include all that is valued in society”

October 26, 2020 | Documents

25 years of VAT! And tomorrow: A Green VAT? The use of VAT as a climate tool

This article examines the extent to which VAT could be used as a tax incentive in the context of the fight against global warming.

October 7, 2020 | Documents

The surprise silver lining

What we can learn from professional service teams that managed to perform well during the crisis.

September 16, 2020 | Documents

Can the free movement of persons hurt the economy?

Jennifer Hunt and Rafael Lalive reply to questions concerning the impact of immigration on the economy, in the framework of the Swiss vote on the free movement of persons on Sept 27th, 2020.

July 31, 2020 | Documents

Monitoring consumption in Switzerland

The project “Monitoring Consumption Switzerland” has used payment data to examine consumer behaviour after the reopening of the shops after the lockdown, and how this is impacted by the Covid-19 crisis.

July 21, 2020 | Documents

Will Covid-19 pave the way for more business responsibility?

Will Covid-19 change peoples’ opinions and demands concerning business responsibility? We analyse social perceptions about the Responsible Business Initiative (“multinationales responsables”) initiative before and during the lockdown.

June 24, 2020 | Documents

How To Make Digital Proximity Tracing Work: The View from Economics

Digital proximity tracing (DPT) holds great promise as a complement to traditional proximity tracing, mainly because it allows contacts in anonymous crowds to be alerted in addition to known contacts. However, even the best technological solution, when it depends on widespread adoption, needs to contend with the human factor.

June 9, 2020 | Documents

Fast and local: how did lockdown policies affect the spread and severity of Covid-19?

How have the responses of governments around the world to this Covid-19 crisis impacted the development of the global pandemic?

June 8, 2020 | Documents

How Reskilling Can Soften the Economic Blow of Covid-19

Not all industries suffered of the Covid-19 crisis: the healthcare sector, for instance, saw demand grow, as did schools, in some parts of the world, and online retail.

May 25, 2020 | Documents

How to financially support Swiss SMEs?

We propose an attractive way of supporting PME’s that does not rely on recourse to debt

May 19, 2020 | Documents

Job search during the COVID-19 lockdown

Job-seekers during the Corona crisis are making significantly less effort to find a new job. In addition to the lack of suitable job offers, fear of infection by jobseekers plays a decisive role, as does the increased need for childcare for mothers.

May 18, 2020 | Documents

How valuable is financial flexibility? Evidence from the COVID-19 crisis

The reported publication examines the value of financial flexibility for large, publicly listed companies in the US during the initial phase of the COVID-19 crisis.

May 5, 2020 | Documents

A “win-win” proposal to improve financial support for SME’s

The Covid crisis has created new liquidity needs for companies due to a partial slowdown or a total shutdown of their activities. The Confederation has provided a solution to this problem by granting bridging loans.

May 3, 2020 | Documents

Corona crisis and the self-employed

The Corona crisis also has financial and psychological consequences for the self-employed.

April 15, 2020 | Documents

Lockdown release

Lifting the lockdown, yes …. But how? Outline of a strategy combining health and economic factors

March 26, 2020 | Documents

Wage Compensation & Corona Loans

Generous wage compensation & corona loans: Why and how the Swiss state should bear most of the economic cost of the corona lockdown

March 12, 2020 | Documents

Policy brief: air ticket tax

Introducing an Airline Ticket Tax in Switzerland: Estimated Effects on Demand

December 17, 2019 | Documents

Press kit for the launch of E4S

UNIL, IMD and EPFL team up to train managers on sustainability in the digital age