Pastures Green: Corporate Investments in Green Skills and Toxic Plant Emissions

50 Pages Posted: 29 Nov 2023

See all articles by Jens Hagendorff

Jens Hagendorff

King’s College London - King's Business School

Duc Duy Nguyen

Durham University

Vathunyoo Sila

University of Edinburgh

Date Written: November 7, 2023

Abstract

Using job posting data between 2010 and 2020, we document steady increases in corporate demand for employees with green skills. Demand for green skills exhibits substantial firm-level variation and is especially pronounced among firms with higher climate change exposures. Moreover, we offer micro-level evidence that increased demand for green skills is associated with subsequent reductions in toxic chemical emissions, especially those that are harmful to humans. Further analyses show that reductions in toxic emissions are observed when firms direct investments in green skills towards the plant level rather than the headquarters level. Overall, our findings shed new light on corporate risk management processes that are difficult to observe.

Keywords: environmental risk; environmental risk management; green skills

JEL Classification: G32; J24; Q53; Q55

Suggested Citation

Hagendorff, Jens and Nguyen, Duc Duy and Sila, Vathunyoo, Pastures Green: Corporate Investments in Green Skills and Toxic Plant Emissions (November 7, 2023). Available at SSRN: https://ssrn.com/abstract=4625904 or http://dx.doi.org/10.2139/ssrn.4625904

Jens Hagendorff (Contact Author)

King’s College London - King's Business School

30 Aldwych
London, WC2B 4BG
United Kingdom

Duc Duy Nguyen

Durham University ( email )

Mill Hill Lane
Durham, Durham DH1 3HP
United Kingdom

HOME PAGE: http://sites.google.com/site/louisnguyen6589/home

Vathunyoo Sila

University of Edinburgh ( email )

29 Buccleuch Place
Edinburgh, Scotland EH8 9JS
United Kingdom
+447428747109 (Phone)

HOME PAGE: http://https://www.business-school.ed.ac.uk/staff/ben-sila

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