Hasan, Iftekhar; Lee, Haekwon; Qiu, Buhui; Saunders, Anthony - 2023
firms' environmental performance. We find that client firms of TCFD-member lenders, relative to control firms, significantly … improve their environmental performance after the TCFD launch. The effects are stronger for polluting firms. Moreover, TCFD …-member lenders influence their borrowers' environmental performance via charging higher loan spread and reducing the number and …