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Conference Agenda

Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).

Please note that all times are shown in the time zone of the conference. The current conference time is: 10th Sept 2026, 07:06:15pm CEST (Norway)

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Daily Overview

Session

Social norms and green preferences
Location: Auditorium K
Session Chair: Tobias Wekhof, ETH Zürich

Presentation 4

The Impact of Sustainable Finance Literacy on Investment Decisions

Massimo Filippini^1,2, Markus Leippold³, Tobias Wekhof¹

1: ETH Zürich, Switzerland; 2: Università della Svizzera Italiana; 3: University of Zurich

Discussant: Vladimir Otrachshenko (National Bank of Slovakia)

This paper examines the effects of an educational program on Sustainable Finance Literacy (SFL) and its influence on sustainable investment decisions. Through a randomized controlled trial and an incentivized choice experiment, we found that the SFL program significantly enhances literacy, with participants more likely to invest in highly sustainable funds by 6 percentage points and less likely to choose less sustainable options (by 2.5 to 3 percentage points). These treatment effects were stronger among investors with pre-existing green attitudes. Additionally, higher SFL correlated with more accurate sustainability perceptions and reduced tendencies to chase past high returns.