About | Ishita Rai

Ishita Rai

RECENTLY PUBLISHED BY ISHITA RAI

NYU Stern Center for Sustainable Business

Finance / Corporate Focused NGOs & Think Tanks
NYU Stern’s Center for Sustainable Business (CSB) conducts applied research, education and engagement to embed environmental, social and governance (ESG) practices into core business strategy. It helps leaders quantify sustainability’s financial value, offers executive certificates, and develops tools to assess materiality and carbon impact.
Organisation

The economics of disclosure and financial reporting regulation: Evidence and suggestions for future research

European Corporate Governance Institute (ECGI)
This report summarises empirical evidence on the economic effects of disclosure and financial reporting regulation. It reviews challenges in identifying causal relationships, assessing costs and benefits, and evaluating market-wide outcomes. The authors highlight limited conclusive evidence and propose priorities for future research to better inform policy and regulatory design.
Research
3 March 2016

Policy portfolios: Empowering long-term thinking and tactical flexibility

Morgan Stanley Wealth Management
This report summarises how policy portfolios support long-term, multigenerational investment planning by balancing strategic discipline with tactical flexibility. It presents model portfolios for institutional and ultra-high-net-worth clients, emphasising client-specific customisation, risk management, and the integration of long-term capital market assumptions to guide portfolio construction and decision-making.
Research
27 March 2024

Morgan Stanley Wealth Management

Commercial Organisations
Morgan Stanley Wealth Management provides financial advice, investment strategies, and portfolio management for individuals, families, and institutions. Its services include retirement planning, sustainable investing, and access to global market insights. Morgan Stanley combines advanced digital tools with expert guidance to help clients achieve long-term financial goals and preserve wealth across generations.
Organisation
1 research item

The impact of climate engagement: A field experiment

This report summarises a field experiment testing whether index provider engagement influences corporate climate policy. Among 1,227 firms, 300 received letters urging adoption of science-based targets to remain in climate indices. Treated firms were 33% more likely to commit, showing that credible engagement can shape corporate climate action.
Research
5 December 2024

Exit versus voice

This report summarises research comparing the effectiveness of “exit” strategies, such as divestment and boycotts, with “voice” strategies, such as shareholder engagement, in influencing corporate behaviour. It concludes that when most investors are even slightly socially responsible, engagement leads to socially optimal outcomes, whereas exit rarely does and can reduce welfare.
Research
28 October 2022

Evaluation project on the effects of engagement

Government Pension Investment Fund (GPIF)
The report by Japan’s Government Pension Investment Fund (GPIF) evaluates how engagement by external asset managers has affected investee companies from 2017–2022. Using causal inference analysis across over 26,000 engagements, it finds positive links between engagement and improvements in corporate value, governance, decarbonisation, and diversity.
Research
27 June 2024

Government Pension Investment Fund (GPIF)

Government Sponsored / Multilateral Organisations
Government Pension Investment Fund (GPIF) is an independent administrative institution in Japan. It manages and invests pension reserve funds under Japan’s Employees’ Pension Insurance and National Pension Acts. GPIF seeks long-term, diversified returns while emphasising ESG investment and stewardship in public pension finance.
Organisation
1 research item

Coordinated engagements

European Corporate Governance Institute (ECGI)
This report summarises analysis of 31 PRI-coordinated investor engagements on environmental and social issues between 2007 and 2015. It finds that leadership structures, particularly two-tier models with lead and supporting investors, enhance engagement success, improve target company performance, and are associated with higher subsequent fund flows for participating investors.
Research
16 March 2025

2025 World investment report: International investment in the digital economy

United Nations Conference on Trade and Development (UNCTAD)
This report summarises international investment trends in the digital economy, focusing on data, digital infrastructure, and technology services. It highlights uneven global distribution, the role of multinational enterprises, and policy implications for sustainable development, emphasising the need for balanced regulatory frameworks and equitable access to digital opportunities worldwide.
Research
22 July 2025

United Nations Conference on Trade and Development (UNCTAD)

Government Sponsored / Multilateral Organisations
UN Trade and Development (UNCTAD) is a UN intergovernmental body that supports developing countries in trade, investment, finance and technology. It delivers data-driven policy analysis, technical cooperation and global consensus building to help countries integrate into the world economy and advance sustainable development.
Organisation
1 research item

Global outlook on financing for sustainable development 2025: Towards a more resilient and inclusive architecture

Organisation for Economic Co-operation and Development (OECD)
This report summarises global financing trends for sustainable development, noting investment gaps in developing economies, heightened debt vulnerabilities, and the need for coordinated reforms. It highlights the importance of blended finance, resilience-building, and aligning the international financial architecture to better support inclusive and sustainable growth.
Research
7 February 2025

Integrating Nature into Finance: Laying the foundations to expand the Australian Sustainable Finance Taxonomy to drive positive environmental outcomes in the agriculture and land sectors

Australian Sustainable Finance Institute (ASFI)
This report summarises how Australia’s Sustainable Finance Taxonomy could be expanded to agriculture, forestry and land management, proposing draft criteria for biodiversity protection, sustainable water use, and pollution control. It aligns with global biodiversity goals to guide investment and lending that support nature-positive outcome.
Research
9 September 2025

Drawdown Explorer

Project Drawdown
Drawdown Explorer is an interactive platform that catalogues climate mitigation solutions, ranking them by their emissions impact, cost, and readiness.
Online tool/database

Tobacco Supply Chain Database

Tobacco Control Research Group (TCRG)
The Tobacco Supply Chain tool is a publicly accessible database mapping the global tobacco supply chain from agriculture to retail by identifying companies, processes and countries involved.
Online tool/database

Ethical investing disclosure guidance

Financial Markets Authority (FMA)
This report summarises draft guidance from New Zealand’s Financial Markets Authority on ethical investment disclosure. It sets expectations under the FMC Act, warns against greenwashing, and outlines principles of clarity, substantiation, consistency, and management of third-party involvement to improve transparency and accuracy for investors.
Research
19 September 2025
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