Program 
We allocate 20 minutes for every presentation, followed by a 10 minutes discussion and 10 minutes Q&A. 

 
Thursday, July 24, 2025 
12:00-13:30 Lunch 

13:30-14:50 Session 1: Real Estate 

                   Financial Value of Nature: Coastal Housing Markets and Climate Resilience 
                   Presentation by Galina Hale (UC Santa Cruz) 
                   Discussion by Cristian Badarinza (Frankfurt School of Finance & Management) 

                   Nature’s Premium: Impact of Biodiversity Regulatory Uncertainty on House Prices 
                   Presentation by Maxwell Sacher (The University of Texas at Austin) 
                   Discussion by Francisco Amaral (University of Zurich UZH) 

14:50-15:30 Coffee 

15:30-16:50 Session 2: Supply Chains 

                   Rising Biodiversity Risk and Firm Exposure along the Supply Chain 
                   Presentation by Viet Dang (Alliance Manchester Business School) 
                   Discussion by Nora Pankratz (University of Toronto) 

                   The Spillover Effects of Environmental Transparency and Enforcement Regulation:                                                                          Evidence from Commodity Trading Firms 
                   Presentation by Sandra Schafhäutle (University of Pennsylvania) 
                   Discussion by Jörg-Markus Hitz (University of Tübingen) 

17:00-18:00 Keynote 1: Johannes Stroebel                                                                                                                                                                  David S. Loeb Professor of Finance at New York University, NBER, CEPR, CESifo 

18:00 Dinner at the Conference Venue (invitation only)

Friday, July 25, 2025 
8:30-9:00 Coffee 
 
9:00-10:00 Keynote 2: Klement Tockner 
                   Professor for Ecosystem Science at Goethe University and Director General of Senckenberg -                                                                 Leibniz Institution for Biodiversity and Earth System Research, Frankfurt am Main 

10:00-11:20 Session 3: Loans and Mutual Funds 
                    Financing Nature: Investment Funds and Biodiversity Risks 
                    Presentation by Daniel te Kaat (University of Groningen) 
                    Discussion by Marco Ceccarelli (VU University Amsterdam)  

                   Nature-Related Risks in Syndicated Lending 
                   Presentation by Jiri Tresl (University of Mannheim) 
                   Discussion by Oliver Rehbein (WU Vienna) 

11:20-11:50 Coffee 

11:50-13:10 Session 4: Corporates 
                   The Biodiversity Impact of Corporate Divestitures 
                   Presentation by Vlad-Andrei Porumb (Alliance Manchester Business School) 
                   Discussion by Tanja Keeve (Frankfurt School of Finance & Management)  

                   Silent Skies: The Impact of Meeting Earnings Benchmarks in Bird Populations 
                   Presentation by Jake Thomas (Yale School of Management) 
                   Discussion by Matthias Breuer (Columbia University and Goethe University)  

 13:10 Lunch and Close