id	sid	tid	token	lemma	pos
cblr-9106	1	1	mandatory	mandatory	ADJ
cblr-9106	1	2	corporate	corporate	ADJ
cblr-9106	1	3	climate	climate	NOUN
cblr-9106	1	4	disclosures	disclosure	NOUN
cblr-9106	1	5	:	:	PUNCT
cblr-9106	1	6	now	now	ADV
cblr-9106	1	7	,	,	PUNCT
cblr-9106	1	8	but	but	CCONJ
cblr-9106	1	9	how	how	SCONJ
cblr-9106	1	10	?	?	PUNCT
cblr-9106	2	1	john	john	PROPN
cblr-9106	2	2	armour	armour	PROPN
cblr-9106	2	3	luca	luca	PROPN
cblr-9106	2	4	enriques	enriques	PROPN
cblr-9106	2	5	thom	thom	PROPN
cblr-9106	2	6	wetzer	wetzer	PROPN
cblr-9106	2	7	mitigating	mitigate	VERB
cblr-9106	2	8	the	the	DET
cblr-9106	2	9	worst	bad	ADJ
cblr-9106	2	10	consequences	consequence	NOUN
cblr-9106	2	11	of	of	ADP
cblr-9106	2	12	climate	climate	NOUN
cblr-9106	2	13	change	change	NOUN
cblr-9106	2	14	by	by	ADP
cblr-9106	2	15	transitioning	transition	VERB
cblr-9106	2	16	to	to	ADP
cblr-9106	2	17	a	a	DET
cblr-9106	2	18	net	net	ADJ
cblr-9106	2	19	-	-	PUNCT
cblr-9106	2	20	zero	zero	NUM
cblr-9106	2	21	economy	economy	NOUN
cblr-9106	2	22	requires	require	VERB
cblr-9106	2	23	investment	investment	NOUN
cblr-9106	2	24	on	on	ADP
cblr-9106	2	25	a	a	DET
cblr-9106	2	26	large	large	ADJ
cblr-9106	2	27	scale	scale	NOUN
cblr-9106	2	28	.	.	PUNCT
cblr-9106	3	1	directly	directly	ADV
cblr-9106	3	2	pricing	price	VERB
cblr-9106	3	3	emissions	emission	NOUN
cblr-9106	3	4	,	,	PUNCT
cblr-9106	3	5	the	the	DET
cblr-9106	3	6	first	first	ADJ
cblr-9106	3	7	-	-	PUNCT
cblr-9106	3	8	best	good	ADJ
cblr-9106	3	9	solution	solution	NOUN
cblr-9106	3	10	to	to	PART
cblr-9106	3	11	drive	drive	VERB
cblr-9106	3	12	capital	capital	NOUN
cblr-9106	3	13	reallocation	reallocation	NOUN
cblr-9106	3	14	,	,	PUNCT
cblr-9106	3	15	is	be	AUX
cblr-9106	3	16	considered	consider	VERB
cblr-9106	3	17	politically	politically	ADV
cblr-9106	3	18	infeasible	infeasible	ADJ
cblr-9106	3	19	—	—	PUNCT
cblr-9106	3	20	so	so	SCONJ
cblr-9106	3	21	policymakers	policymaker	NOUN
cblr-9106	3	22	put	put	VERB
cblr-9106	3	23	their	their	PRON
cblr-9106	3	24	currency	currency	NOUN
cblr-9106	3	25	in	in	ADP
cblr-9106	3	26	facilitating	facilitate	VERB
cblr-9106	3	27	the	the	DET
cblr-9106	3	28	pricing	pricing	NOUN
cblr-9106	3	29	of	of	ADP
cblr-9106	3	30	climate	climate	NOUN
cblr-9106	3	31	risk	risk	NOUN
cblr-9106	3	32	by	by	ADP
cblr-9106	3	33	investors	investor	NOUN
cblr-9106	3	34	.	.	PUNCT
cblr-9106	4	1	yet	yet	CCONJ
cblr-9106	4	2	investors	investor	NOUN
cblr-9106	4	3	,	,	PUNCT
cblr-9106	4	4	faced	face	VERB
cblr-9106	4	5	with	with	ADP
cblr-9106	4	6	scientific	scientific	ADJ
cblr-9106	4	7	and	and	CCONJ
cblr-9106	4	8	policy	policy	NOUN
cblr-9106	4	9	uncertainty	uncertainty	NOUN
cblr-9106	4	10	around	around	ADP
cblr-9106	4	11	climate	climate	NOUN
cblr-9106	4	12	risks	risk	NOUN
cblr-9106	4	13	compounded	compound	VERB
cblr-9106	4	14	by	by	ADP
cblr-9106	4	15	a	a	DET
cblr-9106	4	16	lack	lack	NOUN
cblr-9106	4	17	of	of	ADP
cblr-9106	4	18	information	information	NOUN
cblr-9106	4	19	about	about	ADP
cblr-9106	4	20	companies	company	NOUN
cblr-9106	4	21	’	'	PUNCT
cblr-9106	4	22	exposures	exposure	NOUN
cblr-9106	4	23	,	,	PUNCT
cblr-9106	4	24	struggle	struggle	VERB
cblr-9106	4	25	to	to	PART
cblr-9106	4	26	do	do	VERB
cblr-9106	4	27	just	just	ADV
cblr-9106	4	28	that	that	PRON
cblr-9106	4	29	.	.	PUNCT
cblr-9106	5	1	this	this	DET
cblr-9106	5	2	article	article	NOUN
cblr-9106	5	3	shows	show	VERB
cblr-9106	5	4	that	that	SCONJ
cblr-9106	5	5	current	current	ADJ
cblr-9106	5	6	disclosure	disclosure	NOUN
cblr-9106	5	7	policies	policy	NOUN
cblr-9106	5	8	do	do	AUX
cblr-9106	5	9	not	not	PART
cblr-9106	5	10	require	require	VERB
cblr-9106	5	11	companies	company	NOUN
cblr-9106	5	12	to	to	PART
cblr-9106	5	13	disclose	disclose	VERB
cblr-9106	5	14	the	the	DET
cblr-9106	5	15	information	information	NOUN
cblr-9106	5	16	that	that	PRON
cblr-9106	5	17	investors	investor	NOUN
cblr-9106	5	18	need	need	VERB
cblr-9106	5	19	to	to	PART
cblr-9106	5	20	price	price	VERB
cblr-9106	5	21	climate	climate	NOUN
cblr-9106	5	22	risk	risk	NOUN
cblr-9106	5	23	,	,	PUNCT
cblr-9106	5	24	and	and	CCONJ
cblr-9106	5	25	voluntary	voluntary	ADJ
cblr-9106	5	26	frameworks	framework	NOUN
cblr-9106	5	27	like	like	ADP
cblr-9106	5	28	the	the	DET
cblr-9106	5	29	task	task	NOUN
cblr-9106	5	30	force	force	NOUN
cblr-9106	5	31	on	on	ADP
cblr-9106	5	32	climate	climate	NOUN
cblr-9106	5	33	-	-	PUNCT
cblr-9106	5	34	related	relate	VERB
cblr-9106	5	35	financial	financial	ADJ
cblr-9106	5	36	disclosures	disclosure	NOUN
cblr-9106	5	37	—	—	PUNCT
cblr-9106	5	38	important	important	ADJ
cblr-9106	5	39	as	as	SCONJ
cblr-9106	5	40	they	they	PRON
cblr-9106	5	41	are	be	AUX
cblr-9106	5	42	—	—	PUNCT
cblr-9106	5	43	have	have	AUX
cblr-9106	5	44	failed	fail	VERB
cblr-9106	5	45	to	to	PART
cblr-9106	5	46	turn	turn	VERB
cblr-9106	5	47	the	the	DET
cblr-9106	5	48	tide	tide	NOUN
cblr-9106	5	49	.	.	PUNCT
cblr-9106	6	1	the	the	DET
cblr-9106	6	2	result	result	NOUN
cblr-9106	6	3	is	be	AUX
cblr-9106	6	4	mispricing	misprice	VERB
cblr-9106	6	5	and	and	CCONJ
cblr-9106	6	6	a	a	DET
cblr-9106	6	7	misallocation	misallocation	NOUN
cblr-9106	6	8	of	of	ADP
cblr-9106	6	9	capital	capital	NOUN
cblr-9106	6	10	,	,	PUNCT
cblr-9106	6	11	which	which	PRON
cblr-9106	6	12	harms	harm	VERB
cblr-9106	6	13	investors	investor	NOUN
cblr-9106	6	14	and	and	CCONJ
cblr-9106	6	15	hampers	hamper	VERB
cblr-9106	6	16	the	the	DET
cblr-9106	6	17	net	net	ADJ
cblr-9106	6	18	-	-	PUNCT
cblr-9106	6	19	zero	zero	NUM
cblr-9106	6	20	transition	transition	NOUN
cblr-9106	6	21	.	.	PUNCT
cblr-9106	7	1	against	against	ADP
cblr-9106	7	2	that	that	DET
cblr-9106	7	3	context	context	NOUN
cblr-9106	7	4	,	,	PUNCT
cblr-9106	7	5	this	this	DET
cblr-9106	7	6	article	article	NOUN
cblr-9106	7	7	argues	argue	VERB
cblr-9106	7	8	that	that	SCONJ
cblr-9106	7	9	traditional	traditional	ADJ
cblr-9106	7	10	securities	security	NOUN
cblr-9106	7	11			PROPN
cblr-9106	7	12	university	university	PROPN
cblr-9106	7	13	of	of	ADP
cblr-9106	7	14	oxford	oxford	PROPN
cblr-9106	7	15	and	and	CCONJ
cblr-9106	7	16	european	european	ADJ
cblr-9106	7	17	corporate	corporate	ADJ
cblr-9106	7	18	governance	governance	NOUN
cblr-9106	7	19	institute	institute	NOUN
cblr-9106	7	20	.	.	PUNCT
cblr-9106	8	1			PROPN
cblr-9106	8	2	university	university	PROPN
cblr-9106	8	3	of	of	ADP
cblr-9106	8	4	oxford	oxford	PROPN
cblr-9106	8	5	,	,	PUNCT
cblr-9106	8	6	european	european	PROPN
cblr-9106	8	7	banking	banking	PROPN
cblr-9106	8	8	institute	institute	PROPN
cblr-9106	8	9	,	,	PUNCT
cblr-9106	8	10	and	and	CCONJ
cblr-9106	8	11	european	european	ADJ
cblr-9106	8	12	corporate	corporate	ADJ
cblr-9106	8	13	governance	governance	NOUN
cblr-9106	8	14	institute	institute	NOUN
cblr-9106	8	15	.	.	PUNCT
cblr-9106	9	1			NOUN
cblr-9106	9	2	university	university	PROPN
cblr-9106	9	3	of	of	ADP
cblr-9106	9	4	oxford	oxford	PROPN
cblr-9106	9	5	.	.	PUNCT
cblr-9106	10	1	we	we	PRON
cblr-9106	10	2	wish	wish	VERB
cblr-9106	10	3	to	to	PART
cblr-9106	10	4	thank	thank	VERB
cblr-9106	10	5	madison	madison	PROPN
cblr-9106	10	6	condon	condon	PROPN
cblr-9106	10	7	,	,	PUNCT
cblr-9106	10	8	arjuna	arjuna	PROPN
cblr-9106	10	9	dibley	dibley	PROPN
cblr-9106	10	10	,	,	PUNCT
cblr-9106	10	11	lucas	lucas	PROPN
cblr-9106	10	12	kruitwagen	kruitwagen	PROPN
cblr-9106	10	13	,	,	PUNCT
cblr-9106	10	14	christian	christian	PROPN
cblr-9106	10	15	leuz	leuz	PROPN
cblr-9106	10	16	,	,	PUNCT
cblr-9106	10	17	katrien	katrien	PROPN
cblr-9106	10	18	morbee	morbee	ADJ
cblr-9106	10	19	,	,	PUNCT
cblr-9106	10	20	ellie	ellie	PROPN
cblr-9106	10	21	mulholland	mulholland	PROPN
cblr-9106	10	22	,	,	PUNCT
cblr-9106	10	23	karthik	karthik	PROPN
cblr-9106	10	24	ramanna	ramanna	PROPN
cblr-9106	10	25	,	,	PUNCT
cblr-9106	10	26	alessandro	alessandro	PROPN
cblr-9106	10	27	romano	romano	NOUN
cblr-9106	10	28	,	,	PUNCT
cblr-9106	10	29	zacharias	zacharias	PROPN
cblr-9106	10	30	sautner	sautner	PROPN
cblr-9106	10	31	,	,	PUNCT
cblr-9106	10	32	rupert	rupert	PROPN
cblr-9106	10	33	stuart	stuart	PROPN
cblr-9106	10	34	-	-	PUNCT
cblr-9106	10	35	smith	smith	PROPN
cblr-9106	10	36	,	,	PUNCT
cblr-9106	10	37	diego	diego	PROPN
cblr-9106	10	38	valiante	valiante	PROPN
cblr-9106	10	39	,	,	PUNCT
cblr-9106	10	40	and	and	CCONJ
cblr-9106	10	41	participants	participant	NOUN
cblr-9106	10	42	to	to	ADP
cblr-9106	10	43	the	the	DET
cblr-9106	10	44	bocconioxford	bocconioxford	ADJ
cblr-9106	10	45	junior	junior	ADJ
cblr-9106	10	46	scholars	scholar	NOUN
cblr-9106	10	47	network	network	NOUN
cblr-9106	10	48	workshops	workshop	NOUN
cblr-9106	10	49	in	in	ADP
cblr-9106	10	50	corporate	corporate	ADJ
cblr-9106	10	51	law	law	NOUN
cblr-9106	10	52	,	,	PUNCT
cblr-9106	10	53	the	the	DET
cblr-9106	10	54	columbia	columbia	PROPN
cblr-9106	10	55	law	law	PROPN
cblr-9106	10	56	school	school	NOUN
cblr-9106	10	57	symposium	symposium	NOUN
cblr-9106	10	58	conference	conference	NOUN
cblr-9106	10	59	“	"	PUNCT
cblr-9106	10	60	the	the	DET
cblr-9106	10	61	future	future	NOUN
cblr-9106	10	62	of	of	ADP
cblr-9106	10	63	securities	security	NOUN
cblr-9106	10	64	regulation	regulation	NOUN
cblr-9106	10	65	,	,	PUNCT
cblr-9106	10	66	”	"	PUNCT
cblr-9106	10	67	the	the	DET
cblr-9106	10	68	labex	labex	NOUN
cblr-9106	10	69	-	-	PUNCT
cblr-9106	10	70	refi	refi	NOUN
cblr-9106	10	71	/	/	SYM
cblr-9106	10	72	nyu	nyu	NOUN
cblr-9106	10	73	/	/	SYM
cblr-9106	10	74	safe	safe	ADJ
cblr-9106	10	75	11th	11th	ADJ
cblr-9106	10	76	law	law	NOUN
cblr-9106	10	77	&	&	CCONJ
cblr-9106	10	78	banking	banking	NOUN
cblr-9106	10	79	/	/	SYM
cblr-9106	10	80	finance	finance	NOUN
cblr-9106	10	81	conference	conference	NOUN
cblr-9106	10	82	,	,	PUNCT
cblr-9106	10	83	and	and	CCONJ
cblr-9106	10	84	the	the	DET
cblr-9106	10	85	oxford	oxford	PROPN
cblr-9106	10	86	business	business	NOUN
cblr-9106	10	87	law	law	NOUN
cblr-9106	10	88	workshop	workshop	NOUN
cblr-9106	10	89	for	for	ADP
cblr-9106	10	90	helpful	helpful	ADJ
cblr-9106	10	91	comments	comment	NOUN
cblr-9106	10	92	and	and	CCONJ
cblr-9106	10	93	suggestions	suggestion	NOUN
cblr-9106	10	94	,	,	PUNCT
cblr-9106	10	95	yona	yona	PROPN
cblr-9106	10	96	kornsgold	kornsgold	PROPN
cblr-9106	10	97	,	,	PUNCT
cblr-9106	10	98	mary	mary	PROPN
cblr-9106	10	99	jean	jean	PROPN
cblr-9106	10	100	whitsell	whitsell	PROPN
cblr-9106	10	101	,	,	PUNCT
cblr-9106	10	102	mary	mary	PROPN
cblr-9106	10	103	zhu	zhu	PROPN
cblr-9106	10	104	,	,	PUNCT
cblr-9106	10	105	and	and	CCONJ
cblr-9106	10	106	the	the	DET
cblr-9106	10	107	columbia	columbia	PROPN
cblr-9106	10	108	business	business	PROPN
cblr-9106	10	109	law	law	PROPN
cblr-9106	10	110	review	review	NOUN
cblr-9106	10	111	team	team	NOUN
cblr-9106	10	112	for	for	ADP
cblr-9106	10	113	the	the	DET
cblr-9106	10	114	excellent	excellent	ADJ
cblr-9106	10	115	editing	editing	NOUN
cblr-9106	10	116	and	and	CCONJ
cblr-9106	10	117	comments	comment	NOUN
cblr-9106	10	118	,	,	PUNCT
cblr-9106	10	119	and	and	CCONJ
cblr-9106	10	120	stephanie	stephanie	PROPN
cblr-9106	10	121	derrington	derrington	PROPN
cblr-9106	10	122	,	,	PUNCT
cblr-9106	10	123	georgios	georgios	PROPN
cblr-9106	10	124	pantelias	pantelia	NOUN
cblr-9106	10	125	,	,	PUNCT
cblr-9106	10	126	and	and	CCONJ
cblr-9106	10	127	jason	jason	PROPN
cblr-9106	10	128	wang	wang	PROPN
cblr-9106	10	129	for	for	ADP
cblr-9106	10	130	their	their	PRON
cblr-9106	10	131	invaluable	invaluable	ADJ
cblr-9106	10	132	research	research	NOUN
cblr-9106	10	133	assistance	assistance	NOUN
cblr-9106	10	134	.	.	PUNCT
cblr-9106	11	1	the	the	DET
cblr-9106	11	2	usual	usual	ADJ
cblr-9106	11	3	disclaimers	disclaimer	NOUN
cblr-9106	11	4	apply	apply	VERB
cblr-9106	11	5	.	.	PUNCT
cblr-9106	12	1	1086	1086	NUM
cblr-9106	12	2	columbia	columbia	PROPN
cblr-9106	12	3	business	business	NOUN
cblr-9106	12	4	law	law	PROPN
cblr-9106	12	5	review	review	NOUN
cblr-9106	12	6	[	[	X
cblr-9106	12	7	vol	vol	NOUN
cblr-9106	12	8	.	.	NOUN
cblr-9106	12	9	2021	2021	NUM
cblr-9106	12	10	regulation	regulation	NOUN
cblr-9106	12	11	rationales	rationale	NOUN
cblr-9106	12	12	and	and	CCONJ
cblr-9106	12	13	net	net	ADJ
cblr-9106	12	14	-	-	PUNCT
cblr-9106	12	15	zero	zero	NUM
cblr-9106	12	16	imperatives	imperative	NOUN
cblr-9106	12	17	call	call	VERB
cblr-9106	12	18	for	for	ADP
cblr-9106	12	19	mandatory	mandatory	ADJ
cblr-9106	12	20	corporate	corporate	ADJ
cblr-9106	12	21	climate	climate	NOUN
cblr-9106	12	22	disclosures	disclosure	NOUN
cblr-9106	12	23	.	.	PUNCT
cblr-9106	13	1	to	to	PART
cblr-9106	13	2	create	create	VERB
cblr-9106	13	3	a	a	DET
cblr-9106	13	4	yardstick	yardstick	NOUN
cblr-9106	13	5	against	against	SCONJ
cblr-9106	13	6	which	which	DET
cblr-9106	13	7	governments	government	NOUN
cblr-9106	13	8	’	’	PART
cblr-9106	13	9	proposals	proposal	NOUN
cblr-9106	13	10	can	can	AUX
cblr-9106	13	11	be	be	AUX
cblr-9106	13	12	evaluated	evaluate	VERB
cblr-9106	13	13	,	,	PUNCT
cblr-9106	13	14	both	both	PRON
cblr-9106	13	15	to	to	PART
cblr-9106	13	16	support	support	VERB
cblr-9106	13	17	their	their	PRON
cblr-9106	13	18	efforts	effort	NOUN
cblr-9106	13	19	and	and	CCONJ
cblr-9106	13	20	to	to	PART
cblr-9106	13	21	call	call	VERB
cblr-9106	13	22	out	out	ADP
cblr-9106	13	23	policy	policy	NOUN
cblr-9106	13	24	greenwashing	greenwashing	NOUN
cblr-9106	13	25	,	,	PUNCT
cblr-9106	13	26	this	this	DET
cblr-9106	13	27	article	article	NOUN
cblr-9106	13	28	outlines	outline	VERB
cblr-9106	13	29	several	several	ADJ
cblr-9106	13	30	design	design	NOUN
cblr-9106	13	31	principles	principle	NOUN
cblr-9106	13	32	that	that	PRON
cblr-9106	13	33	go	go	VERB
cblr-9106	13	34	beyond	beyond	ADP
cblr-9106	13	35	the	the	DET
cblr-9106	13	36	emerging	emerge	VERB
cblr-9106	13	37	consensus	consensus	NOUN
cblr-9106	13	38	and	and	CCONJ
cblr-9106	13	39	cover	cover	VERB
cblr-9106	13	40	the	the	DET
cblr-9106	13	41	regulatory	regulatory	ADJ
cblr-9106	13	42	architecture	architecture	NOUN
cblr-9106	13	43	that	that	PRON
cblr-9106	13	44	supports	support	VERB
cblr-9106	13	45	such	such	DET
cblr-9106	13	46	a	a	DET
cblr-9106	13	47	disclosure	disclosure	NOUN
cblr-9106	13	48	regime	regime	NOUN
cblr-9106	13	49	.	.	PUNCT
cblr-9106	14	1	i.	i.	PROPN
cblr-9106	14	2	introduction	introduction	PROPN
cblr-9106	14	3	......................................................................	......................................................................	PUNCT
cblr-9106	14	4	1087	1087	NUM
cblr-9106	14	5	ii	ii	NOUN
cblr-9106	14	6	.	.	PUNCT
cblr-9106	15	1	climate	climate	NOUN
cblr-9106	15	2	risks	risk	NOUN
cblr-9106	15	3	and	and	CCONJ
cblr-9106	15	4	their	their	PRON
cblr-9106	15	5	relevance	relevance	NOUN
cblr-9106	15	6	for	for	ADP
cblr-9106	15	7	the	the	DET
cblr-9106	15	8	price	price	NOUN
cblr-9106	15	9	discovery	discovery	NOUN
cblr-9106	15	10	process	process	NOUN
cblr-9106	15	11	..........................................................	..........................................................	PUNCT
cblr-9106	15	12	1096	1096	NUM
cblr-9106	15	13	a.	a.	NOUN
cblr-9106	15	14	climate	climate	NOUN
cblr-9106	15	15	risks	risk	NOUN
cblr-9106	15	16	and	and	CCONJ
cblr-9106	15	17	what	what	PRON
cblr-9106	15	18	we	we	PRON
cblr-9106	15	19	(	(	PUNCT
cblr-9106	15	20	do	do	AUX
cblr-9106	15	21	not	not	PART
cblr-9106	15	22	)	)	PUNCT
cblr-9106	15	23	know	know	VERB
cblr-9106	15	24	about	about	ADP
cblr-9106	15	25	them	they	PRON
cblr-9106	15	26	.......................................................................	.......................................................................	PUNCT
cblr-9106	15	27	1096	1096	NUM
cblr-9106	15	28	b.	b.	PROPN
cblr-9106	15	29	do	do	AUX
cblr-9106	15	30	markets	market	NOUN
cblr-9106	15	31	price	price	NOUN
cblr-9106	15	32	climate	climate	NOUN
cblr-9106	15	33	risks	risk	NOUN
cblr-9106	15	34	?	?	PUNCT
cblr-9106	16	1	.........................	.........................	PUNCT
cblr-9106	16	2	1102	1102	NUM
cblr-9106	16	3	c.	c.	NOUN
cblr-9106	16	4	the	the	DET
cblr-9106	16	5	functions	function	NOUN
cblr-9106	16	6	of	of	ADP
cblr-9106	16	7	corporate	corporate	ADJ
cblr-9106	16	8	climate	climate	NOUN
cblr-9106	16	9	disclosures	disclosure	NOUN
cblr-9106	16	10	1104	1104	NUM
cblr-9106	16	11	iii	iii	NOUN
cblr-9106	16	12	.	.	PUNCT
cblr-9106	17	1	the	the	DET
cblr-9106	17	2	case	case	NOUN
cblr-9106	17	3	for	for	ADP
cblr-9106	17	4	mandatory	mandatory	ADJ
cblr-9106	17	5	corporate	corporate	ADJ
cblr-9106	17	6	climate	climate	NOUN
cblr-9106	17	7	disclosures	disclosure	NOUN
cblr-9106	17	8	.........................................................................................	.........................................................................................	PUNCT
cblr-9106	17	9	1107	1107	NUM
cblr-9106	17	10	a.	a.	NOUN
cblr-9106	17	11	corporate	corporate	ADJ
cblr-9106	17	12	climate	climate	NOUN
cblr-9106	17	13	disclosures	disclosure	NOUN
cblr-9106	17	14	:	:	PUNCT
cblr-9106	17	15	the	the	DET
cblr-9106	17	16	state	state	NOUN
cblr-9106	17	17	of	of	ADP
cblr-9106	17	18	the	the	DET
cblr-9106	17	19	art	art	NOUN
cblr-9106	17	20	.................................................................................	.................................................................................	PUNCT
cblr-9106	17	21	1108	1108	NUM
cblr-9106	17	22	b.	b.	PROPN
cblr-9106	17	23	traditional	traditional	ADJ
cblr-9106	17	24	securities	security	NOUN
cblr-9106	17	25	law	law	NOUN
cblr-9106	17	26	rationales	rationale	NOUN
cblr-9106	17	27	for	for	ADP
cblr-9106	17	28	climate	climate	NOUN
cblr-9106	17	29	disclosures	disclosure	NOUN
cblr-9106	17	30	mandates	mandate	NOUN
cblr-9106	17	31	............................................	............................................	PUNCT
cblr-9106	17	32	1117	1117	NUM
cblr-9106	17	33	c.	c.	NOUN
cblr-9106	17	34	the	the	DET
cblr-9106	17	35	specific	specific	ADJ
cblr-9106	17	36	positive	positive	ADJ
cblr-9106	17	37	externalities	externality	NOUN
cblr-9106	17	38	of	of	ADP
cblr-9106	17	39	climate	climate	NOUN
cblr-9106	17	40	disclosures	disclosure	NOUN
cblr-9106	17	41	..............................................................	..............................................................	PUNCT
cblr-9106	17	42	1122	1122	NUM
cblr-9106	17	43	iv	iv	NOUN
cblr-9106	17	44	.	.	PUNCT
cblr-9106	18	1	designing	design	VERB
cblr-9106	18	2	climate	climate	NOUN
cblr-9106	18	3	-	-	PUNCT
cblr-9106	18	4	related	relate	VERB
cblr-9106	18	5	disclosure	disclosure	NOUN
cblr-9106	18	6	mandates	mandate	NOUN
cblr-9106	18	7	......	......	PUNCT
cblr-9106	19	1	1124	1124	NUM
cblr-9106	19	2	a.	a.	NOUN
cblr-9106	19	3	the	the	DET
cblr-9106	19	4	challenge	challenge	NOUN
cblr-9106	19	5	of	of	ADP
cblr-9106	19	6	cost	cost	NOUN
cblr-9106	19	7	-	-	PUNCT
cblr-9106	19	8	benefit	benefit	NOUN
cblr-9106	19	9	analysis	analysis	NOUN
cblr-9106	19	10	..............	..............	PUNCT
cblr-9106	19	11	1128	1128	NUM
cblr-9106	19	12	b.	b.	PROPN
cblr-9106	19	13	subjective	subjective	ADJ
cblr-9106	19	14	and	and	CCONJ
cblr-9106	19	15	territorial	territorial	ADJ
cblr-9106	19	16	reach	reach	NOUN
cblr-9106	19	17	..........................	..........................	PUNCT
cblr-9106	20	1	1131	1131	NUM
cblr-9106	20	2	c.	c.	NOUN
cblr-9106	20	3	going	go	VERB
cblr-9106	20	4	beyond	beyond	ADP
cblr-9106	20	5	the	the	DET
cblr-9106	20	6	task	task	NOUN
cblr-9106	20	7	force	force	NOUN
cblr-9106	20	8	on	on	ADP
cblr-9106	20	9	climate	climate	NOUN
cblr-9106	20	10	-	-	PUNCT
cblr-9106	20	11	related	relate	VERB
cblr-9106	20	12	disclosure	disclosure	NOUN
cblr-9106	20	13	recommendations	recommendation	NOUN
cblr-9106	20	14	...............................	...............................	PUNCT
cblr-9106	21	1	1133	1133	NUM
cblr-9106	21	2	1	1	NUM
cblr-9106	21	3	.	.	PUNCT
cblr-9106	21	4	raw	raw	ADJ
cblr-9106	21	5	asset	asset	NOUN
cblr-9106	21	6	-	-	PUNCT
cblr-9106	21	7	level	level	NOUN
cblr-9106	21	8	data	datum	NOUN
cblr-9106	21	9	....................................	....................................	PUNCT
cblr-9106	21	10	1133	1133	NUM
cblr-9106	21	11	2	2	NUM
cblr-9106	21	12	.	.	PUNCT
cblr-9106	21	13	standardized	standardize	VERB
cblr-9106	21	14	scenarios	scenario	NOUN
cblr-9106	21	15	for	for	ADP
cblr-9106	21	16	climate	climate	NOUN
cblr-9106	21	17	stress	stress	NOUN
cblr-9106	21	18	tests	test	NOUN
cblr-9106	21	19	................................................................	................................................................	PUNCT
cblr-9106	21	20	1135	1135	NUM
cblr-9106	21	21	3	3	NUM
cblr-9106	21	22	.	.	PUNCT
cblr-9106	21	23	emissions	emission	NOUN
cblr-9106	21	24	.........................................................	.........................................................	PUNCT
cblr-9106	21	25	1138	1138	NUM
cblr-9106	21	26	4	4	NUM
cblr-9106	21	27	.	.	PUNCT
cblr-9106	21	28	net	net	ADJ
cblr-9106	21	29	-	-	PUNCT
cblr-9106	21	30	zero	zero	NUM
cblr-9106	21	31	pledges	pledge	NOUN
cblr-9106	21	32	.............................................	.............................................	PUNCT
cblr-9106	21	33	1139	1139	NUM
cblr-9106	21	34	d.	d.	NOUN
cblr-9106	21	35	implications	implication	NOUN
cblr-9106	21	36	for	for	ADP
cblr-9106	21	37	the	the	DET
cblr-9106	21	38	regulatory	regulatory	ADJ
cblr-9106	21	39	architecture	architecture	NOUN
cblr-9106	21	40	.....	.....	PUNCT
cblr-9106	21	41	1142	1142	NUM
cblr-9106	21	42	v.	v.	ADP
cblr-9106	21	43	conclusion	conclusion	NOUN
cblr-9106	21	44	.......................................................................	.......................................................................	PUNCT
cblr-9106	21	45	1145	1145	NUM
cblr-9106	21	46	no	no	NOUN
cblr-9106	21	47	.	.	NOUN
cblr-9106	22	1	3:1085	3:1085	NUM
cblr-9106	22	2	]	]	X
cblr-9106	22	3	mandatory	mandatory	ADJ
cblr-9106	22	4	corporate	corporate	ADJ
cblr-9106	22	5	climate	climate	NOUN
cblr-9106	22	6	disclosures	disclosure	NOUN
cblr-9106	22	7	1087	1087	NUM
cblr-9106	22	8	i.	i.	NOUN
cblr-9106	22	9	introduction	introduction	NOUN
cblr-9106	22	10	there	there	PRON
cblr-9106	22	11	is	be	VERB
cblr-9106	22	12	overwhelming	overwhelming	ADJ
cblr-9106	22	13	evidence	evidence	NOUN
cblr-9106	22	14	that	that	SCONJ
cblr-9106	22	15	the	the	DET
cblr-9106	22	16	climate	climate	NOUN
cblr-9106	22	17	is	be	AUX
cblr-9106	22	18	changing,1	changing,1	NOUN
cblr-9106	22	19	that	that	SCONJ
cblr-9106	22	20	this	this	DET
cblr-9106	22	21	change	change	NOUN
cblr-9106	22	22	is	be	AUX
cblr-9106	22	23	largely	largely	ADV
cblr-9106	22	24	driven	drive	VERB
cblr-9106	22	25	by	by	ADP
cblr-9106	22	26	human	human	ADJ
cblr-9106	22	27	activity,2	activity,2	NOUN
cblr-9106	22	28	and	and	CCONJ
cblr-9106	22	29	that	that	SCONJ
cblr-9106	22	30	the	the	DET
cblr-9106	22	31	changing	change	VERB
cblr-9106	22	32	climate	climate	NOUN
cblr-9106	22	33	will	will	AUX
cblr-9106	22	34	have	have	VERB
cblr-9106	22	35	enormous	enormous	ADJ
cblr-9106	22	36	and	and	CCONJ
cblr-9106	22	37	potentially	potentially	ADV
cblr-9106	22	38	irreversible	irreversible	ADJ
cblr-9106	22	39	costs	cost	NOUN
cblr-9106	22	40	for	for	ADP
cblr-9106	22	41	people	people	NOUN
cblr-9106	22	42	and	and	CCONJ
cblr-9106	22	43	planet.3	planet.3	DET
cblr-9106	22	44	on	on	ADP
cblr-9106	22	45	1	1	NUM
cblr-9106	22	46	richard	richard	PROPN
cblr-9106	22	47	p.	p.	PROPN
cblr-9106	22	48	allan	allan	PROPN
cblr-9106	22	49	et	et	PROPN
cblr-9106	23	1	al	al	PROPN
cblr-9106	23	2	.	.	PROPN
cblr-9106	23	3	,	,	PUNCT
cblr-9106	23	4	intergovernmental	intergovernmental	ADJ
cblr-9106	23	5	panel	panel	NOUN
cblr-9106	23	6	on	on	ADP
cblr-9106	23	7	climate	climate	NOUN
cblr-9106	23	8	change	change	NOUN
cblr-9106	23	9	,	,	PUNCT
cblr-9106	23	10	summary	summary	NOUN
cblr-9106	23	11	for	for	ADP
cblr-9106	23	12	policymakers	policymaker	NOUN
cblr-9106	23	13	,	,	PUNCT
cblr-9106	23	14	in	in	ADP
cblr-9106	23	15	climate	climate	NOUN
cblr-9106	23	16	change	change	NOUN
cblr-9106	23	17	2021	2021	NUM
cblr-9106	23	18	:	:	PUNCT
cblr-9106	23	19	the	the	DET
cblr-9106	23	20	physical	physical	ADJ
cblr-9106	23	21	science	science	NOUN
cblr-9106	23	22	basis	basis	NOUN
cblr-9106	23	23	,	,	PUNCT
cblr-9106	23	24	contribution	contribution	NOUN
cblr-9106	23	25	of	of	ADP
cblr-9106	23	26	working	working	NOUN
cblr-9106	23	27	group	group	NOUN
cblr-9106	23	28	i	i	PRON
cblr-9106	23	29	to	to	ADP
cblr-9106	23	30	the	the	DET
cblr-9106	23	31	sixth	sixth	ADJ
cblr-9106	23	32	assessment	assessment	NOUN
cblr-9106	23	33	report	report	NOUN
cblr-9106	23	34	of	of	ADP
cblr-9106	23	35	the	the	DET
cblr-9106	23	36	intergovernmental	intergovernmental	ADJ
cblr-9106	23	37	panel	panel	NOUN
cblr-9106	23	38	on	on	ADP
cblr-9106	23	39	climate	climate	NOUN
cblr-9106	23	40	change	change	NOUN
cblr-9106	23	41	,	,	PUNCT
cblr-9106	23	42	at	at	ADP
cblr-9106	23	43	spm-1	spm-1	X
cblr-9106	23	44	,	,	PUNCT
cblr-9106	23	45	spm-5	spm-5	PUNCT
cblr-9106	23	46	(	(	PUNCT
cblr-9106	23	47	valérie	valérie	ADJ
cblr-9106	23	48	masson	masson	NOUN
cblr-9106	23	49	-	-	PUNCT
cblr-9106	23	50	delmotte	delmotte	NOUN
cblr-9106	24	1	et	et	PROPN
cblr-9106	24	2	al	al	PROPN
cblr-9106	24	3	.	.	PUNCT
cblr-9106	25	1	eds	eds	PROPN
cblr-9106	25	2	.	.	PROPN
cblr-9106	25	3	,	,	PUNCT
cblr-9106	25	4	2021	2021	NUM
cblr-9106	25	5	)	)	PUNCT
cblr-9106	25	6	,	,	PUNCT
cblr-9106	25	7	https://www.ipcc.ch/report/ar6/wg1/downloads/report/ipcc_ar6_wgi_ful	https://www.ipcc.ch/report/ar6/wg1/downloads/report/ipcc_ar6_wgi_ful	X
cblr-9106	25	8	l_report_smaller.pdf	l_report_smaller.pdf	NOUN
cblr-9106	25	9	[	[	X
cblr-9106	25	10	https://perma.cc/nqg3-4r97	https://perma.cc/nqg3-4r97	X
cblr-9106	25	11	]	]	X
cblr-9106	25	12	(	(	PUNCT
cblr-9106	25	13	“	"	PUNCT
cblr-9106	25	14	it	it	PRON
cblr-9106	25	15	is	be	AUX
cblr-9106	25	16	unequivocal	unequivocal	ADJ
cblr-9106	25	17	that	that	SCONJ
cblr-9106	25	18	human	human	ADJ
cblr-9106	25	19	influence	influence	NOUN
cblr-9106	25	20	has	have	AUX
cblr-9106	25	21	warmed	warm	VERB
cblr-9106	25	22	the	the	DET
cblr-9106	25	23	atmosphere	atmosphere	NOUN
cblr-9106	25	24	,	,	PUNCT
cblr-9106	25	25	ocean	ocean	NOUN
cblr-9106	25	26	and	and	CCONJ
cblr-9106	25	27	land	land	NOUN
cblr-9106	25	28	.	.	PUNCT
cblr-9106	26	1	widespread	widespread	ADJ
cblr-9106	26	2	and	and	CCONJ
cblr-9106	26	3	rapid	rapid	ADJ
cblr-9106	26	4	changes	change	NOUN
cblr-9106	26	5	in	in	ADP
cblr-9106	26	6	the	the	DET
cblr-9106	26	7	atmosphere	atmosphere	NOUN
cblr-9106	26	8	,	,	PUNCT
cblr-9106	26	9	ocean	ocean	NOUN
cblr-9106	26	10	,	,	PUNCT
cblr-9106	26	11	cryosphere	cryosphere	NOUN
cblr-9106	26	12	and	and	CCONJ
cblr-9106	26	13	biosphere	biosphere	NOUN
cblr-9106	26	14	have	have	AUX
cblr-9106	26	15	occurred	occur	VERB
cblr-9106	26	16	.	.	PUNCT
cblr-9106	26	17	”	"	PUNCT
cblr-9106	26	18	)	)	PUNCT
cblr-9106	26	19	.	.	PUNCT
cblr-9106	27	1	2	2	NUM
cblr-9106	27	2	i	i	PRON
cblr-9106	27	3	d.	d.	PROPN
cblr-9106	27	4	;	;	PUNCT
cblr-9106	27	5	see	see	VERB
cblr-9106	27	6	also	also	ADV
cblr-9106	27	7	,	,	PUNCT
cblr-9106	27	8	veronika	veronika	NOUN
cblr-9106	27	9	eyring	eyring	NOUN
cblr-9106	27	10	et	et	PROPN
cblr-9106	27	11	al	al	PROPN
cblr-9106	27	12	.	.	PROPN
cblr-9106	27	13	,	,	PUNCT
cblr-9106	27	14	intergovernmental	intergovernmental	ADJ
cblr-9106	27	15	panel	panel	NOUN
cblr-9106	27	16	on	on	ADP
cblr-9106	27	17	climate	climate	NOUN
cblr-9106	27	18	change	change	NOUN
cblr-9106	27	19	,	,	PUNCT
cblr-9106	27	20	human	human	ADJ
cblr-9106	27	21	influence	influence	NOUN
cblr-9106	27	22	on	on	ADP
cblr-9106	27	23	the	the	DET
cblr-9106	27	24	climate	climate	NOUN
cblr-9106	27	25	system	system	NOUN
cblr-9106	27	26	,	,	PUNCT
cblr-9106	27	27	in	in	ADP
cblr-9106	27	28	climate	climate	NOUN
cblr-9106	27	29	change	change	NOUN
cblr-9106	27	30	2021	2021	NUM
cblr-9106	27	31	:	:	PUNCT
cblr-9106	27	32	the	the	DET
cblr-9106	27	33	physical	physical	ADJ
cblr-9106	27	34	science	science	NOUN
cblr-9106	27	35	basis	basis	NOUN
cblr-9106	27	36	,	,	PUNCT
cblr-9106	27	37	contribution	contribution	NOUN
cblr-9106	27	38	of	of	ADP
cblr-9106	27	39	working	working	NOUN
cblr-9106	27	40	group	group	NOUN
cblr-9106	27	41	i	i	PRON
cblr-9106	27	42	to	to	ADP
cblr-9106	27	43	the	the	DET
cblr-9106	27	44	sixth	sixth	ADJ
cblr-9106	27	45	assessment	assessment	NOUN
cblr-9106	27	46	report	report	NOUN
cblr-9106	27	47	of	of	ADP
cblr-9106	27	48	the	the	DET
cblr-9106	27	49	intergovernmental	intergovernmental	ADJ
cblr-9106	27	50	panel	panel	NOUN
cblr-9106	27	51	on	on	ADP
cblr-9106	27	52	climate	climate	NOUN
cblr-9106	27	53	change	change	NOUN
cblr-9106	27	54	,	,	PUNCT
cblr-9106	27	55	supra	supra	PROPN
cblr-9106	27	56	note	note	NOUN
cblr-9106	27	57	1	1	NUM
cblr-9106	27	58	,	,	PUNCT
cblr-9106	27	59	at	at	ADP
cblr-9106	27	60	3–1	3–1	NUM
cblr-9106	27	61	to	to	ADP
cblr-9106	27	62	3–8	3–8	NUM
cblr-9106	27	63	;	;	PUNCT
cblr-9106	27	64	nathan	nathan	PROPN
cblr-9106	27	65	p.	p.	PROPN
cblr-9106	27	66	gillett	gillett	PROPN
cblr-9106	28	1	et	et	PROPN
cblr-9106	28	2	al	al	PROPN
cblr-9106	28	3	.	.	PROPN
cblr-9106	28	4	,	,	PUNCT
cblr-9106	28	5	constraining	constrain	VERB
cblr-9106	28	6	human	human	ADJ
cblr-9106	28	7	contributions	contribution	NOUN
cblr-9106	28	8	to	to	ADP
cblr-9106	28	9	observed	observed	ADJ
cblr-9106	28	10	warming	warming	NOUN
cblr-9106	28	11	since	since	SCONJ
cblr-9106	28	12	the	the	DET
cblr-9106	28	13	preindustrial	preindustrial	ADJ
cblr-9106	28	14	period	period	NOUN
cblr-9106	28	15	,	,	PUNCT
cblr-9106	28	16	11	11	NUM
cblr-9106	28	17	nature	nature	NOUN
cblr-9106	28	18	climate	climate	NOUN
cblr-9106	28	19	change	change	VERB
cblr-9106	28	20	207	207	NUM
cblr-9106	28	21	,	,	PUNCT
cblr-9106	28	22	207–11	207–11	NOUN
cblr-9106	28	23	(	(	PUNCT
cblr-9106	28	24	2021	2021	NUM
cblr-9106	28	25	)	)	PUNCT
cblr-9106	28	26	.	.	PUNCT
cblr-9106	29	1	3	3	NUM
cblr-9106	29	2	see	see	VERB
cblr-9106	29	3	,	,	PUNCT
cblr-9106	29	4	e.g.	e.g.	ADV
cblr-9106	29	5	,	,	PUNCT
cblr-9106	29	6	ove	ove	PROPN
cblr-9106	29	7	hoegh	hoegh	VERB
cblr-9106	29	8	-	-	PUNCT
cblr-9106	29	9	guldberg	guldberg	PROPN
cblr-9106	29	10	et	et	PROPN
cblr-9106	29	11	al	al	PROPN
cblr-9106	29	12	.	.	PROPN
cblr-9106	29	13	,	,	PUNCT
cblr-9106	29	14	intergovernmental	intergovernmental	ADJ
cblr-9106	29	15	panel	panel	NOUN
cblr-9106	29	16	on	on	ADP
cblr-9106	29	17	climate	climate	NOUN
cblr-9106	29	18	change	change	NOUN
cblr-9106	29	19	,	,	PUNCT
cblr-9106	29	20	impacts	impact	NOUN
cblr-9106	29	21	of	of	ADP
cblr-9106	29	22	1.5ºc	1.5ºc	NUM
cblr-9106	29	23	global	global	ADJ
cblr-9106	29	24	warming	warming	NOUN
cblr-9106	29	25	on	on	ADP
cblr-9106	29	26	natural	natural	ADJ
cblr-9106	29	27	and	and	CCONJ
cblr-9106	29	28	human	human	ADJ
cblr-9106	29	29	systems	system	NOUN
cblr-9106	29	30	,	,	PUNCT
cblr-9106	29	31	in	in	ADP
cblr-9106	29	32	global	global	ADJ
cblr-9106	29	33	warming	warming	NOUN
cblr-9106	29	34	of	of	ADP
cblr-9106	29	35	1.5	1.5	NUM
cblr-9106	29	36	°	°	NOUN
cblr-9106	29	37	c	c	NOUN
cblr-9106	29	38	,	,	PUNCT
cblr-9106	29	39	an	an	DET
cblr-9106	29	40	ipcc	ipcc	ADJ
cblr-9106	29	41	special	special	ADJ
cblr-9106	29	42	report	report	NOUN
cblr-9106	29	43	on	on	ADP
cblr-9106	29	44	the	the	DET
cblr-9106	29	45	impacts	impact	NOUN
cblr-9106	29	46	of	of	ADP
cblr-9106	29	47	global	global	ADJ
cblr-9106	29	48	warming	warming	NOUN
cblr-9106	29	49	of	of	ADP
cblr-9106	29	50	1.5	1.5	NUM
cblr-9106	29	51	°	°	NOUN
cblr-9106	29	52	c	c	NOUN
cblr-9106	29	53	above	above	ADP
cblr-9106	29	54	pre	pre	ADJ
cblr-9106	29	55	-	-	ADJ
cblr-9106	29	56	industrial	industrial	ADJ
cblr-9106	29	57	levels	level	NOUN
cblr-9106	29	58	and	and	CCONJ
cblr-9106	29	59	related	relate	VERB
cblr-9106	29	60	global	global	ADJ
cblr-9106	29	61	greenhouse	greenhouse	NOUN
cblr-9106	29	62	gas	gas	NOUN
cblr-9106	29	63	emission	emission	NOUN
cblr-9106	29	64	pathways	pathway	NOUN
cblr-9106	29	65	,	,	PUNCT
cblr-9106	29	66	in	in	ADP
cblr-9106	29	67	the	the	DET
cblr-9106	29	68	context	context	NOUN
cblr-9106	29	69	of	of	ADP
cblr-9106	29	70	strengthening	strengthen	VERB
cblr-9106	29	71	the	the	DET
cblr-9106	29	72	global	global	ADJ
cblr-9106	29	73	response	response	NOUN
cblr-9106	29	74	to	to	ADP
cblr-9106	29	75	the	the	DET
cblr-9106	29	76	threat	threat	NOUN
cblr-9106	29	77	of	of	ADP
cblr-9106	29	78	climate	climate	NOUN
cblr-9106	29	79	change	change	NOUN
cblr-9106	29	80	,	,	PUNCT
cblr-9106	29	81	sustainable	sustainable	ADJ
cblr-9106	29	82	development	development	NOUN
cblr-9106	29	83	,	,	PUNCT
cblr-9106	29	84	and	and	CCONJ
cblr-9106	29	85	efforts	effort	NOUN
cblr-9106	29	86	to	to	PART
cblr-9106	29	87	eradicate	eradicate	VERB
cblr-9106	29	88	poverty	poverty	NOUN
cblr-9106	29	89	175	175	NUM
cblr-9106	29	90	,	,	PUNCT
cblr-9106	29	91	177	177	NUM
cblr-9106	29	92	–	–	PUNCT
cblr-9106	29	93	181	181	NUM
cblr-9106	29	94	(	(	PUNCT
cblr-9106	29	95	valérie	valérie	ADJ
cblr-9106	29	96	masson	masson	NOUN
cblr-9106	29	97	-	-	PUNCT
cblr-9106	29	98	delmotte	delmotte	NOUN
cblr-9106	29	99	et	et	PROPN
cblr-9106	29	100	al	al	PROPN
cblr-9106	29	101	.	.	PUNCT
cblr-9106	30	1	eds	eds	PROPN
cblr-9106	30	2	.	.	PROPN
cblr-9106	30	3	,	,	PUNCT
cblr-9106	30	4	2018	2018	NUM
cblr-9106	30	5	)	)	PUNCT
cblr-9106	30	6	,	,	PUNCT
cblr-9106	30	7	https://www.ipcc.ch/site/assets/uploads/sites/2/2019/06/sr15_chapter3_lo	https://www.ipcc.ch/site/assets/uploads/sites/2/2019/06/sr15_chapter3_lo	PROPN
cblr-9106	30	8	w_res.pdf	w_res.pdf	PUNCT
cblr-9106	31	1	[	[	X
cblr-9106	31	2	https://perma.cc/vv57-xaev	https://perma.cc/vv57-xaev	X
cblr-9106	31	3	]	]	X
cblr-9106	31	4	;	;	PUNCT
cblr-9106	31	5	ana	ana	PROPN
cblr-9106	31	6	m.	m.	PROPN
cblr-9106	31	7	vicedo	vicedo	PROPN
cblr-9106	31	8	-	-	PUNCT
cblr-9106	31	9	cabrera	cabrera	NOUN
cblr-9106	31	10	et	et	PROPN
cblr-9106	31	11	al	al	PROPN
cblr-9106	31	12	.	.	PROPN
cblr-9106	31	13	,	,	PUNCT
cblr-9106	31	14	the	the	DET
cblr-9106	31	15	burden	burden	NOUN
cblr-9106	31	16	of	of	ADP
cblr-9106	31	17	heat	heat	NOUN
cblr-9106	31	18	-	-	PUNCT
cblr-9106	31	19	related	relate	VERB
cblr-9106	31	20	mortality	mortality	NOUN
cblr-9106	31	21	attributable	attributable	ADJ
cblr-9106	31	22	to	to	ADP
cblr-9106	31	23	recent	recent	ADJ
cblr-9106	31	24	humaninduced	humaninduce	VERB
cblr-9106	31	25	climate	climate	NOUN
cblr-9106	31	26	change	change	NOUN
cblr-9106	31	27	,	,	PUNCT
cblr-9106	31	28	11	11	NUM
cblr-9106	31	29	nature	nature	NOUN
cblr-9106	31	30	climate	climate	NOUN
cblr-9106	31	31	change	change	NOUN
cblr-9106	31	32	492	492	NUM
cblr-9106	31	33	,	,	PUNCT
cblr-9106	31	34	492–500	492–500	NUM
cblr-9106	31	35	(	(	PUNCT
cblr-9106	31	36	2021	2021	NUM
cblr-9106	31	37	)	)	PUNCT
cblr-9106	31	38	(	(	PUNCT
cblr-9106	31	39	finding	find	VERB
cblr-9106	31	40	that	that	SCONJ
cblr-9106	31	41	,	,	PUNCT
cblr-9106	31	42	on	on	ADP
cblr-9106	31	43	average	average	ADJ
cblr-9106	31	44	,	,	PUNCT
cblr-9106	31	45	thirty	thirty	NUM
cblr-9106	31	46	-	-	PUNCT
cblr-9106	31	47	seven	seven	NUM
cblr-9106	31	48	percent	percent	NOUN
cblr-9106	31	49	of	of	ADP
cblr-9106	31	50	warm	warm	ADJ
cblr-9106	31	51	-	-	PUNCT
cblr-9106	31	52	season	season	NOUN
cblr-9106	31	53	heat	heat	NOUN
cblr-9106	31	54	-	-	PUNCT
cblr-9106	31	55	related	relate	VERB
cblr-9106	31	56	deaths	death	NOUN
cblr-9106	31	57	are	be	AUX
cblr-9106	31	58	caused	cause	VERB
cblr-9106	31	59	by	by	ADP
cblr-9106	31	60	human	human	NOUN
cblr-9106	31	61	-	-	PUNCT
cblr-9106	31	62	induced	induce	VERB
cblr-9106	31	63	climate	climate	NOUN
cblr-9106	31	64	change	change	NOUN
cblr-9106	31	65	)	)	PUNCT
cblr-9106	31	66	;	;	PUNCT
cblr-9106	31	67	wim	wim	PROPN
cblr-9106	31	68	thiery	thiery	PROPN
cblr-9106	31	69	et	et	PROPN
cblr-9106	31	70	al	al	PROPN
cblr-9106	31	71	.	.	PROPN
cblr-9106	31	72	,	,	PUNCT
cblr-9106	31	73	intergenerational	intergenerational	ADJ
cblr-9106	31	74	inequities	inequity	NOUN
cblr-9106	31	75	in	in	ADP
cblr-9106	31	76	exposure	exposure	NOUN
cblr-9106	31	77	to	to	ADP
cblr-9106	31	78	climate	climate	NOUN
cblr-9106	31	79	extremes	extreme	NOUN
cblr-9106	31	80	,	,	PUNCT
cblr-9106	31	81	374	374	NUM
cblr-9106	31	82	sci	sci	PROPN
cblr-9106	31	83	.	.	PROPN
cblr-9106	31	84	158	158	NUM
cblr-9106	31	85	,	,	PUNCT
cblr-9106	31	86	158–59	158–59	PROPN
cblr-9106	31	87	(	(	PUNCT
cblr-9106	31	88	2021	2021	NUM
cblr-9106	31	89	)	)	PUNCT
cblr-9106	31	90	(	(	PUNCT
cblr-9106	31	91	predicting	predict	VERB
cblr-9106	31	92	that	that	SCONJ
cblr-9106	31	93	people	people	NOUN
cblr-9106	31	94	born	bear	VERB
cblr-9106	31	95	in	in	ADP
cblr-9106	31	96	2020	2020	NUM
cblr-9106	31	97	will	will	AUX
cblr-9106	31	98	experience	experience	VERB
cblr-9106	31	99	significantly	significantly	ADV
cblr-9106	31	100	more	more	ADV
cblr-9106	31	101	extreme	extreme	ADJ
cblr-9106	31	102	warming	warming	NOUN
cblr-9106	31	103	events	event	NOUN
cblr-9106	31	104	than	than	ADP
cblr-9106	31	105	those	those	PRON
cblr-9106	31	106	born	bear	VERB
cblr-9106	31	107	in	in	ADP
cblr-9106	31	108	1960	1960	NUM
cblr-9106	31	109	)	)	PUNCT
cblr-9106	31	110	;	;	PUNCT
cblr-9106	31	111	r.	r.	PROPN
cblr-9106	31	112	daniel	daniel	PROPN
cblr-9106	31	113	bressler	bressler	PROPN
cblr-9106	31	114	,	,	PUNCT
cblr-9106	31	115	the	the	DET
cblr-9106	31	116	mortality	mortality	NOUN
cblr-9106	31	117	cost	cost	NOUN
cblr-9106	31	118	of	of	ADP
cblr-9106	31	119	carbon	carbon	NOUN
cblr-9106	31	120	,	,	PUNCT
cblr-9106	31	121	nature	nature	NOUN
cblr-9106	31	122	commc’ns	commc’n	NOUN
cblr-9106	31	123	,	,	PUNCT
cblr-9106	31	124	july	july	PROPN
cblr-9106	31	125	29	29	NUM
cblr-9106	31	126	,	,	PUNCT
cblr-9106	31	127	2021	2021	NUM
cblr-9106	31	128	,	,	PUNCT
cblr-9106	31	129	at	at	ADP
cblr-9106	31	130	1	1	NUM
cblr-9106	31	131	,	,	PUNCT
cblr-9106	31	132	4	4	NUM
cblr-9106	31	133	(	(	PUNCT
cblr-9106	31	134	[	[	X
cblr-9106	31	135	“	"	PUNCT
cblr-9106	31	136	[	[	X
cblr-9106	31	137	a]dding	a]dde	VERB
cblr-9106	31	138	4,434	4,434	NUM
cblr-9106	31	139	metric	metric	ADJ
cblr-9106	31	140	tons	ton	NOUN
cblr-9106	31	141	of	of	ADP
cblr-9106	31	142	carbon	carbon	NOUN
cblr-9106	31	143	dioxide	dioxide	NOUN
cblr-9106	31	144	in	in	ADP
cblr-9106	31	145	2020	2020	NUM
cblr-9106	31	146	—	—	PUNCT
cblr-9106	31	147	equivalent	equivalent	ADJ
cblr-9106	31	148	to	to	ADP
cblr-9106	31	149	the	the	DET
cblr-9106	31	150	average	average	ADJ
cblr-9106	31	151	lifetime	lifetime	NOUN
cblr-9106	31	152	emissions	emission	NOUN
cblr-9106	31	153	of	of	ADP
cblr-9106	31	154	12.8	12.8	NUM
cblr-9106	31	155	average	average	ADJ
cblr-9106	31	156	world	world	NOUN
cblr-9106	31	157	people	people	NOUN
cblr-9106	31	158	or	or	CCONJ
cblr-9106	31	159	1088	1088	NUM
cblr-9106	31	160	columbia	columbia	PROPN
cblr-9106	31	161	business	business	NOUN
cblr-9106	31	162	law	law	PROPN
cblr-9106	31	163	review	review	NOUN
cblr-9106	31	164	[	[	X
cblr-9106	31	165	vol	vol	NOUN
cblr-9106	31	166	.	.	PUNCT
cblr-9106	31	167	2021	2021	NUM
cblr-9106	31	168	december	december	PROPN
cblr-9106	31	169	12	12	NUM
cblr-9106	31	170	,	,	PUNCT
cblr-9106	31	171	2015	2015	NUM
cblr-9106	31	172	,	,	PUNCT
cblr-9106	31	173	195	195	NUM
cblr-9106	31	174	governments	government	NOUN
cblr-9106	31	175	agreed	agree	VERB
cblr-9106	31	176	to	to	PART
cblr-9106	31	177	limit	limit	VERB
cblr-9106	31	178	temperature	temperature	NOUN
cblr-9106	31	179	increases	increase	NOUN
cblr-9106	31	180	to	to	PART
cblr-9106	31	181	well	well	ADV
cblr-9106	31	182	below	below	ADP
cblr-9106	31	183	2	2	NUM
cblr-9106	31	184	,	,	PUNCT
cblr-9106	31	185	preferably	preferably	ADV
cblr-9106	31	186	1.5	1.5	NUM
cblr-9106	31	187	,	,	PUNCT
cblr-9106	31	188	degrees	degree	NOUN
cblr-9106	31	189	centigrade	centigrade	ADJ
cblr-9106	31	190	relative	relative	ADJ
cblr-9106	31	191	to	to	ADP
cblr-9106	31	192	pre	pre	ADJ
cblr-9106	31	193	-	-	ADJ
cblr-9106	31	194	industrial	industrial	ADJ
cblr-9106	31	195	levels	level	NOUN
cblr-9106	31	196	in	in	ADP
cblr-9106	31	197	what	what	PRON
cblr-9106	31	198	is	be	AUX
cblr-9106	31	199	known	know	VERB
cblr-9106	31	200	as	as	ADP
cblr-9106	31	201	the	the	DET
cblr-9106	31	202	paris	paris	PROPN
cblr-9106	31	203	agreement.4	agreement.4	PROPN
cblr-9106	31	204	since	since	SCONJ
cblr-9106	31	205	the	the	DET
cblr-9106	31	206	magnitude	magnitude	NOUN
cblr-9106	31	207	of	of	ADP
cblr-9106	31	208	global	global	ADJ
cblr-9106	31	209	warming	warming	NOUN
cblr-9106	31	210	is	be	AUX
cblr-9106	31	211	roughly	roughly	ADV
cblr-9106	31	212	proportional	proportional	ADJ
cblr-9106	31	213	to	to	ADP
cblr-9106	31	214	the	the	DET
cblr-9106	31	215	amount	amount	NOUN
cblr-9106	31	216	of	of	ADP
cblr-9106	31	217	carbon	carbon	NOUN
cblr-9106	31	218	in	in	ADP
cblr-9106	31	219	the	the	DET
cblr-9106	31	220	atmosphere	atmosphere	NOUN
cblr-9106	31	221	,	,	PUNCT
cblr-9106	31	222	the	the	DET
cblr-9106	31	223	paris	paris	PROPN
cblr-9106	31	224	agreement	agreement	NOUN
cblr-9106	31	225	in	in	ADP
cblr-9106	31	226	effect	effect	NOUN
cblr-9106	31	227	created	create	VERB
cblr-9106	31	228	a	a	DET
cblr-9106	31	229	“	"	PUNCT
cblr-9106	31	230	carbon	carbon	NOUN
cblr-9106	31	231	budget	budget	NOUN
cblr-9106	31	232	”	"	PUNCT
cblr-9106	31	233	that	that	PRON
cblr-9106	31	234	specifies	specify	VERB
cblr-9106	31	235	how	how	SCONJ
cblr-9106	31	236	much	much	ADJ
cblr-9106	31	237	carbon	carbon	NOUN
cblr-9106	31	238	can	can	AUX
cblr-9106	31	239	still	still	ADV
cblr-9106	31	240	be	be	AUX
cblr-9106	31	241	emitted	emit	VERB
cblr-9106	31	242	without	without	ADP
cblr-9106	31	243	exceeding	exceed	VERB
cblr-9106	31	244	the	the	DET
cblr-9106	31	245	specified	specify	VERB
cblr-9106	31	246	temperature	temperature	NOUN
cblr-9106	32	1	limits.5	limits.5	AUX
cblr-9106	32	2	unfortunately	unfortunately	ADV
cblr-9106	32	3	,	,	PUNCT
cblr-9106	32	4	progress	progress	VERB
cblr-9106	32	5	on	on	ADP
cblr-9106	32	6	meeting	meet	VERB
cblr-9106	32	7	the	the	DET
cblr-9106	32	8	targets	target	NOUN
cblr-9106	32	9	of	of	ADP
cblr-9106	32	10	the	the	DET
cblr-9106	32	11	paris	paris	PROPN
cblr-9106	32	12	agreement	agreement	NOUN
cblr-9106	32	13	has	have	AUX
cblr-9106	32	14	been	be	AUX
cblr-9106	32	15	uneven	uneven	ADJ
cblr-9106	32	16	at	at	ADP
cblr-9106	32	17	best,6	best,6	ADJ
cblr-9106	32	18	which	which	PRON
cblr-9106	32	19	means	mean	VERB
cblr-9106	32	20	that	that	SCONJ
cblr-9106	32	21	the	the	DET
cblr-9106	32	22	window	window	NOUN
cblr-9106	32	23	to	to	PART
cblr-9106	32	24	mitigate	mitigate	VERB
cblr-9106	32	25	the	the	DET
cblr-9106	32	26	worst	bad	ADJ
cblr-9106	32	27	effects	effect	NOUN
cblr-9106	32	28	of	of	ADP
cblr-9106	32	29	climate	climate	NOUN
cblr-9106	32	30	change	change	NOUN
cblr-9106	32	31	is	be	AUX
cblr-9106	32	32	closing	close	VERB
cblr-9106	32	33	fast	fast	ADV
cblr-9106	32	34	.	.	PUNCT
cblr-9106	33	1	what	what	PRON
cblr-9106	33	2	is	be	AUX
cblr-9106	33	3	required	require	VERB
cblr-9106	33	4	now	now	ADV
cblr-9106	33	5	is	be	AUX
cblr-9106	33	6	an	an	DET
cblr-9106	33	7	annual	annual	ADJ
cblr-9106	33	8	reduction	reduction	NOUN
cblr-9106	33	9	in	in	ADP
cblr-9106	33	10	carbon	carbon	NOUN
cblr-9106	33	11	emissions7	emissions7	NOUN
cblr-9106	33	12	by	by	ADP
cblr-9106	33	13	about	about	ADV
cblr-9106	33	14	1	1	NUM
cblr-9106	33	15	-	-	SYM
cblr-9106	33	16	2	2	NUM
cblr-9106	33	17	gtco2	gtco2	NOUN
cblr-9106	33	18	every	every	DET
cblr-9106	33	19	year	year	NOUN
cblr-9106	33	20	over	over	ADP
cblr-9106	33	21	the	the	DET
cblr-9106	33	22	next	next	ADJ
cblr-9106	33	23	decades.8	decades.8	PROPN
cblr-9106	33	24	to	to	PART
cblr-9106	33	25	give	give	VERB
cblr-9106	33	26	a	a	DET
cblr-9106	33	27	sense	sense	NOUN
cblr-9106	33	28	of	of	ADP
cblr-9106	33	29	the	the	DET
cblr-9106	33	30	scale	scale	NOUN
cblr-9106	33	31	of	of	ADP
cblr-9106	33	32	this	this	DET
cblr-9106	33	33	challenge	challenge	NOUN
cblr-9106	33	34	,	,	PUNCT
cblr-9106	33	35	consider	consider	VERB
cblr-9106	33	36	that	that	SCONJ
cblr-9106	33	37	in	in	ADP
cblr-9106	33	38	2020	2020	NUM
cblr-9106	33	39	,	,	PUNCT
cblr-9106	33	40	with	with	ADP
cblr-9106	33	41	large	large	ADJ
cblr-9106	33	42	parts	part	NOUN
cblr-9106	33	43	of	of	ADP
cblr-9106	33	44	the	the	DET
cblr-9106	33	45	world	world	NOUN
cblr-9106	33	46	’s	’s	PART
cblr-9106	33	47	population	population	NOUN
cblr-9106	33	48	confined	confine	VERB
cblr-9106	33	49	to	to	ADP
cblr-9106	33	50	their	their	PRON
cblr-9106	33	51	homes	home	NOUN
cblr-9106	33	52	for	for	ADP
cblr-9106	33	53	much	much	ADJ
cblr-9106	33	54	of	of	ADP
cblr-9106	33	55	the	the	DET
cblr-9106	33	56	year	year	NOUN
cblr-9106	33	57	thanks	thank	NOUN
cblr-9106	33	58	to	to	ADP
cblr-9106	33	59	covid	covid	VERB
cblr-9106	33	60	-	-	PUNCT
cblr-9106	33	61	related	relate	VERB
cblr-9106	33	62	lockdowns	lockdown	NOUN
cblr-9106	33	63	,	,	PUNCT
cblr-9106	33	64	emissions	emission	NOUN
cblr-9106	33	65	were	be	AUX
cblr-9106	33	66	down	down	ADV
cblr-9106	33	67	by	by	ADP
cblr-9106	33	68	2.6	2.6	NUM
cblr-9106	33	69	gtco2.9	gtco2.9	NOUN
cblr-9106	33	70	a	a	DET
cblr-9106	33	71	change	change	NOUN
cblr-9106	33	72	in	in	ADP
cblr-9106	33	73	emissions	emission	NOUN
cblr-9106	33	74	equivalent	equivalent	ADJ
cblr-9106	33	75	to	to	ADP
cblr-9106	33	76	what	what	PRON
cblr-9106	33	77	was	be	AUX
cblr-9106	33	78	forced	force	VERB
cblr-9106	33	79	upon	upon	SCONJ
cblr-9106	33	80	us	we	PRON
cblr-9106	33	81	by	by	ADP
cblr-9106	33	82	the	the	DET
cblr-9106	33	83	worst	bad	ADJ
cblr-9106	33	84	pandemic	pandemic	ADJ
cblr-9106	33	85	in	in	ADP
cblr-9106	33	86	one	one	NUM
cblr-9106	33	87	hundred	hundred	NUM
cblr-9106	33	88	years	year	NOUN
cblr-9106	33	89	now	now	ADV
cblr-9106	33	90	needs	need	VERB
cblr-9106	33	91	to	to	PART
cblr-9106	33	92	occur	occur	VERB
cblr-9106	33	93	every	every	DET
cblr-9106	33	94	two	two	NUM
cblr-9106	33	95	years	year	NOUN
cblr-9106	33	96	throughout	throughout	ADP
cblr-9106	33	97	the	the	DET
cblr-9106	33	98	2020s	2020	NOUN
cblr-9106	33	99	and	and	CCONJ
cblr-9106	33	100	beyond	beyond	ADP
cblr-9106	33	101	.	.	PUNCT
cblr-9106	34	1	clearly	clearly	ADV
cblr-9106	34	2	,	,	PUNCT
cblr-9106	34	3	just	just	ADV
cblr-9106	34	4	“	"	PUNCT
cblr-9106	34	5	doing	do	VERB
cblr-9106	34	6	less	less	ADJ
cblr-9106	34	7	”	"	PUNCT
cblr-9106	34	8	is	be	AUX
cblr-9106	34	9	not	not	PART
cblr-9106	34	10	going	go	VERB
cblr-9106	34	11	to	to	PART
cblr-9106	34	12	cut	cut	VERB
cblr-9106	34	13	it	it	PRON
cblr-9106	34	14	.	.	PUNCT
cblr-9106	35	1	3.5	3.5	NUM
cblr-9106	35	2	americans	americans	PROPN
cblr-9106	35	3	—	—	PUNCT
cblr-9106	35	4	causes	cause	VERB
cblr-9106	35	5	one	one	NUM
cblr-9106	35	6	excess	excess	ADJ
cblr-9106	35	7	death	death	NOUN
cblr-9106	35	8	globally	globally	ADV
cblr-9106	35	9	in	in	ADP
cblr-9106	35	10	expectation	expectation	NOUN
cblr-9106	35	11	between	between	ADP
cblr-9106	35	12	2020	2020	NUM
cblr-9106	35	13	and	and	CCONJ
cblr-9106	35	14	2100	2100	NUM
cblr-9106	35	15	.	.	PUNCT
cblr-9106	35	16	”	"	PUNCT
cblr-9106	35	17	)	)	PUNCT
cblr-9106	35	18	.	.	PUNCT
cblr-9106	36	1	4	4	NUM
cblr-9106	36	2	united	united	PROPN
cblr-9106	36	3	nations	nations	PROPN
cblr-9106	36	4	framework	framework	PROPN
cblr-9106	36	5	convention	convention	NOUN
cblr-9106	36	6	on	on	ADP
cblr-9106	36	7	climate	climate	NOUN
cblr-9106	36	8	change	change	NOUN
cblr-9106	36	9	,	,	PUNCT
cblr-9106	36	10	adoption	adoption	NOUN
cblr-9106	36	11	of	of	ADP
cblr-9106	36	12	the	the	DET
cblr-9106	36	13	paris	paris	PROPN
cblr-9106	36	14	agreement	agreement	NOUN
cblr-9106	36	15	(	(	PUNCT
cblr-9106	36	16	2015	2015	NUM
cblr-9106	36	17	)	)	PUNCT
cblr-9106	36	18	.	.	PUNCT
cblr-9106	37	1	5	5	NUM
cblr-9106	37	2	see	see	VERB
cblr-9106	37	3	,	,	PUNCT
cblr-9106	37	4	e.g.	e.g.	ADV
cblr-9106	37	5	,	,	PUNCT
cblr-9106	37	6	joeri	joeri	PROPN
cblr-9106	37	7	rogelj	rogelj	PROPN
cblr-9106	37	8	et	et	PROPN
cblr-9106	37	9	al	al	PROPN
cblr-9106	37	10	.	.	PROPN
cblr-9106	37	11	,	,	PUNCT
cblr-9106	37	12	perspective	perspective	NOUN
cblr-9106	37	13	,	,	PUNCT
cblr-9106	37	14	estimating	estimate	VERB
cblr-9106	37	15	and	and	CCONJ
cblr-9106	37	16	tracking	track	VERB
cblr-9106	37	17	the	the	DET
cblr-9106	37	18	remaining	remain	VERB
cblr-9106	37	19	carbon	carbon	NOUN
cblr-9106	37	20	budget	budget	NOUN
cblr-9106	37	21	for	for	ADP
cblr-9106	37	22	stringent	stringent	ADJ
cblr-9106	37	23	climate	climate	NOUN
cblr-9106	37	24	targets	target	NOUN
cblr-9106	37	25	,	,	PUNCT
cblr-9106	37	26	571	571	NUM
cblr-9106	37	27	nature	nature	NOUN
cblr-9106	37	28	335	335	NUM
cblr-9106	37	29	,	,	PUNCT
cblr-9106	37	30	335–42	335–42	NUM
cblr-9106	37	31	(	(	PUNCT
cblr-9106	37	32	2019	2019	NUM
cblr-9106	37	33	)	)	PUNCT
cblr-9106	37	34	.	.	PUNCT
cblr-9106	38	1	6	6	NUM
cblr-9106	38	2	united	united	PROPN
cblr-9106	38	3	nations	nations	PROPN
cblr-9106	38	4	env’t	env’t	NUM
cblr-9106	38	5	programme	programme	NOUN
cblr-9106	38	6	,	,	PUNCT
cblr-9106	38	7	emissions	emission	NOUN
cblr-9106	38	8	gap	gap	NOUN
cblr-9106	38	9	report	report	NOUN
cblr-9106	38	10	2020	2020	NUM
cblr-9106	38	11	xiii	xiii	PROPN
cblr-9106	38	12	(	(	PUNCT
cblr-9106	38	13	2020	2020	NUM
cblr-9106	38	14	)	)	PUNCT
cblr-9106	38	15	,	,	PUNCT
cblr-9106	38	16	https://www.unep.org/emissions-gap-report-2020	https://www.unep.org/emissions-gap-report-2020	X
cblr-9106	38	17	(	(	PUNCT
cblr-9106	38	18	on	on	ADP
cblr-9106	38	19	file	file	NOUN
cblr-9106	38	20	with	with	ADP
cblr-9106	38	21	the	the	DET
cblr-9106	38	22	columbia	columbia	PROPN
cblr-9106	38	23	business	business	PROPN
cblr-9106	38	24	law	law	PROPN
cblr-9106	38	25	review	review	PROPN
cblr-9106	38	26	)	)	PUNCT
cblr-9106	38	27	.	.	PUNCT
cblr-9106	39	1	7	7	NUM
cblr-9106	39	2	to	to	PART
cblr-9106	39	3	be	be	AUX
cblr-9106	39	4	precise	precise	ADJ
cblr-9106	39	5	,	,	PUNCT
cblr-9106	39	6	we	we	PRON
cblr-9106	39	7	should	should	AUX
cblr-9106	39	8	refer	refer	VERB
cblr-9106	39	9	to	to	ADP
cblr-9106	39	10	greenhouse	greenhouse	NOUN
cblr-9106	39	11	gas	gas	NOUN
cblr-9106	39	12	emissions	emission	NOUN
cblr-9106	39	13	more	more	ADV
cblr-9106	39	14	broadly	broadly	ADV
cblr-9106	39	15	.	.	PUNCT
cblr-9106	40	1	see	see	VERB
cblr-9106	40	2	i	i	PRON
cblr-9106	40	3	d.	d.	PROPN
cblr-9106	40	4	(	(	PUNCT
cblr-9106	40	5	referring	refer	VERB
cblr-9106	40	6	to	to	ADP
cblr-9106	40	7	greenhouse	greenhouse	NOUN
cblr-9106	40	8	gas	gas	NOUN
cblr-9106	40	9	emissions	emission	NOUN
cblr-9106	40	10	)	)	PUNCT
cblr-9106	40	11	.	.	PUNCT
cblr-9106	41	1	however	however	ADV
cblr-9106	41	2	,	,	PUNCT
cblr-9106	41	3	it	it	PRON
cblr-9106	41	4	is	be	AUX
cblr-9106	41	5	common	common	ADJ
cblr-9106	41	6	to	to	PART
cblr-9106	41	7	refer	refer	VERB
cblr-9106	41	8	to	to	ADP
cblr-9106	41	9	carbon	carbon	NOUN
cblr-9106	41	10	emissions	emission	NOUN
cblr-9106	41	11	as	as	ADP
cblr-9106	41	12	a	a	DET
cblr-9106	41	13	synecdoche	synecdoche	NOUN
cblr-9106	41	14	.	.	PUNCT
cblr-9106	42	1	unless	unless	SCONJ
cblr-9106	42	2	wording	wording	NOUN
cblr-9106	42	3	or	or	CCONJ
cblr-9106	42	4	context	context	NOUN
cblr-9106	42	5	suggest	suggest	VERB
cblr-9106	42	6	otherwise	otherwise	ADV
cblr-9106	42	7	,	,	PUNCT
cblr-9106	42	8	references	reference	NOUN
cblr-9106	42	9	to	to	ADP
cblr-9106	42	10	carbon	carbon	NOUN
cblr-9106	42	11	emitters	emitter	NOUN
cblr-9106	42	12	/	/	SYM
cblr-9106	42	13	emissions	emission	NOUN
cblr-9106	42	14	and	and	CCONJ
cblr-9106	42	15	carbon	carbon	NOUN
cblr-9106	42	16	neutrality	neutrality	NOUN
cblr-9106	42	17	throughout	throughout	ADP
cblr-9106	42	18	the	the	DET
cblr-9106	42	19	paper	paper	NOUN
cblr-9106	42	20	should	should	AUX
cblr-9106	42	21	be	be	AUX
cblr-9106	42	22	read	read	VERB
cblr-9106	42	23	as	as	ADP
cblr-9106	42	24	comprising	comprise	VERB
cblr-9106	42	25	greenhouse	greenhouse	NOUN
cblr-9106	42	26	gas	gas	NOUN
cblr-9106	42	27	emitters	emitter	NOUN
cblr-9106	42	28	and	and	CCONJ
cblr-9106	42	29	emissions	emission	NOUN
cblr-9106	42	30	more	more	ADV
cblr-9106	42	31	generally	generally	ADV
cblr-9106	42	32	.	.	PUNCT
cblr-9106	43	1	8	8	NUM
cblr-9106	43	2	see	see	VERB
cblr-9106	43	3	,	,	PUNCT
cblr-9106	43	4	e.g.	e.g.	ADV
cblr-9106	43	5	,	,	PUNCT
cblr-9106	43	6	corinne	corinne	PROPN
cblr-9106	43	7	le	le	PROPN
cblr-9106	44	1	quéré	quéré	PROPN
cblr-9106	44	2	et	et	PROPN
cblr-9106	44	3	al	al	PROPN
cblr-9106	44	4	.	.	PROPN
cblr-9106	44	5	,	,	PUNCT
cblr-9106	44	6	brief	brief	ADJ
cblr-9106	44	7	communication	communication	NOUN
cblr-9106	44	8	,	,	PUNCT
cblr-9106	44	9	fossil	fossil	ADJ
cblr-9106	44	10	co2	co2	NOUN
cblr-9106	44	11	emissions	emission	NOUN
cblr-9106	44	12	in	in	ADP
cblr-9106	44	13	the	the	DET
cblr-9106	44	14	post	post	ADJ
cblr-9106	44	15	-	-	ADJ
cblr-9106	44	16	covid-19	covid-19	ADJ
cblr-9106	44	17	era	era	NOUN
cblr-9106	44	18	,	,	PUNCT
cblr-9106	44	19	11	11	NUM
cblr-9106	44	20	nature	nature	NOUN
cblr-9106	44	21	climate	climate	NOUN
cblr-9106	44	22	change	change	NOUN
cblr-9106	44	23	197	197	NUM
cblr-9106	44	24	,	,	PUNCT
cblr-9106	44	25	197	197	NUM
cblr-9106	44	26	(	(	PUNCT
cblr-9106	44	27	2021	2021	NUM
cblr-9106	44	28	)	)	PUNCT
cblr-9106	44	29	.	.	PUNCT
cblr-9106	45	1	9	9	NUM
cblr-9106	46	1	i	i	PRON
cblr-9106	46	2	d.	d.	PROPN
cblr-9106	46	3	no	no	INTJ
cblr-9106	46	4	.	.	PUNCT
cblr-9106	47	1	3:1085	3:1085	NUM
cblr-9106	47	2	]	]	X
cblr-9106	47	3	mandatory	mandatory	ADJ
cblr-9106	47	4	corporate	corporate	ADJ
cblr-9106	47	5	climate	climate	NOUN
cblr-9106	47	6	disclosures	disclosure	NOUN
cblr-9106	47	7	1089	1089	NUM
cblr-9106	47	8	instead	instead	ADV
cblr-9106	47	9	,	,	PUNCT
cblr-9106	47	10	meeting	meet	VERB
cblr-9106	47	11	that	that	DET
cblr-9106	47	12	target	target	NOUN
cblr-9106	47	13	will	will	AUX
cblr-9106	47	14	require	require	VERB
cblr-9106	47	15	a	a	DET
cblr-9106	47	16	fundamental	fundamental	ADJ
cblr-9106	47	17	rewiring	rewiring	NOUN
cblr-9106	47	18	of	of	ADP
cblr-9106	47	19	the	the	DET
cblr-9106	47	20	way	way	NOUN
cblr-9106	47	21	our	our	PRON
cblr-9106	47	22	economies	economy	NOUN
cblr-9106	47	23	and	and	CCONJ
cblr-9106	47	24	societies	society	NOUN
cblr-9106	47	25	work	work	VERB
cblr-9106	47	26	.	.	PUNCT
cblr-9106	48	1	to	to	PART
cblr-9106	48	2	make	make	VERB
cblr-9106	48	3	that	that	PRON
cblr-9106	48	4	possible	possible	ADJ
cblr-9106	48	5	,	,	PUNCT
cblr-9106	48	6	humankind	humankind	NOUN
cblr-9106	48	7	and	and	CCONJ
cblr-9106	48	8	its	its	PRON
cblr-9106	48	9	main	main	ADJ
cblr-9106	48	10	economic	economic	ADJ
cblr-9106	48	11	organizations	organization	NOUN
cblr-9106	48	12	,	,	PUNCT
cblr-9106	48	13	namely	namely	ADV
cblr-9106	48	14	companies	company	NOUN
cblr-9106	48	15	,	,	PUNCT
cblr-9106	48	16	must	must	AUX
cblr-9106	48	17	mitigate	mitigate	VERB
cblr-9106	48	18	the	the	DET
cblr-9106	48	19	degree	degree	NOUN
cblr-9106	48	20	of	of	ADP
cblr-9106	48	21	climate	climate	NOUN
cblr-9106	48	22	change	change	NOUN
cblr-9106	48	23	by	by	ADP
cblr-9106	48	24	aiming	aim	VERB
cblr-9106	48	25	for	for	ADP
cblr-9106	48	26	“	"	PUNCT
cblr-9106	48	27	net	net	ADJ
cblr-9106	48	28	-	-	PUNCT
cblr-9106	48	29	zero	zero	NUM
cblr-9106	48	30	”	"	PUNCT
cblr-9106	48	31	emissions	emission	NOUN
cblr-9106	48	32	,	,	PUNCT
cblr-9106	48	33	that	that	ADV
cblr-9106	48	34	is	is	ADV
cblr-9106	48	35	,	,	PUNCT
cblr-9106	48	36	to	to	ADP
cblr-9106	48	37	“	"	PUNCT
cblr-9106	48	38	achiev[e	achiev[e	PROPN
cblr-9106	48	39	]	]	PUNCT
cblr-9106	48	40	a	a	DET
cblr-9106	48	41	state	state	NOUN
cblr-9106	48	42	in	in	ADP
cblr-9106	48	43	which	which	PRON
cblr-9106	48	44	[	[	X
cblr-9106	48	45	their	their	PRON
cblr-9106	48	46	]	]	X
cblr-9106	48	47	value	value	NOUN
cblr-9106	48	48	chain	chain	NOUN
cblr-9106	48	49	results	result	NOUN
cblr-9106	48	50	in	in	ADP
cblr-9106	48	51	no	no	DET
cblr-9106	48	52	net	net	ADJ
cblr-9106	48	53	accumulation	accumulation	NOUN
cblr-9106	48	54	of	of	ADP
cblr-9106	48	55	carbon	carbon	NOUN
cblr-9106	48	56	dioxide	dioxide	NOUN
cblr-9106	48	57	in	in	ADP
cblr-9106	48	58	the	the	DET
cblr-9106	48	59	atmosphere	atmosphere	NOUN
cblr-9106	48	60	and	and	CCONJ
cblr-9106	48	61	in	in	ADP
cblr-9106	48	62	no	no	DET
cblr-9106	48	63	net	net	ADJ
cblr-9106	48	64	impact	impact	NOUN
cblr-9106	48	65	from	from	ADP
cblr-9106	48	66	other	other	ADJ
cblr-9106	48	67	greenhouse	greenhouse	NOUN
cblr-9106	48	68	gas	gas	NOUN
cblr-9106	48	69	emissions	emission	NOUN
cblr-9106	48	70	.	.	PUNCT
cblr-9106	49	1	”10	”10	NOUN
cblr-9106	49	2	reaching	reach	VERB
cblr-9106	49	3	net	net	ADJ
cblr-9106	49	4	-	-	PUNCT
cblr-9106	49	5	zero	zero	NUM
cblr-9106	49	6	targets	target	NOUN
cblr-9106	49	7	will	will	AUX
cblr-9106	49	8	,	,	PUNCT
cblr-9106	49	9	in	in	ADP
cblr-9106	49	10	turn	turn	NOUN
cblr-9106	49	11	,	,	PUNCT
cblr-9106	49	12	involve	involve	VERB
cblr-9106	49	13	a	a	DET
cblr-9106	49	14	reallocation	reallocation	NOUN
cblr-9106	49	15	of	of	ADP
cblr-9106	49	16	capital	capital	NOUN
cblr-9106	49	17	—	—	PUNCT
cblr-9106	49	18	e.g.	e.g.	ADV
cblr-9106	49	19	,	,	PUNCT
cblr-9106	49	20	from	from	ADP
cblr-9106	49	21	fossil	fossil	NOUN
cblr-9106	49	22	fuel	fuel	NOUN
cblr-9106	49	23	extraction	extraction	NOUN
cblr-9106	49	24	,	,	PUNCT
cblr-9106	49	25	transformation	transformation	NOUN
cblr-9106	49	26	,	,	PUNCT
cblr-9106	49	27	and	and	CCONJ
cblr-9106	49	28	distribution	distribution	NOUN
cblr-9106	49	29	to	to	PART
cblr-9106	49	30	alternative	alternative	ADJ
cblr-9106	49	31	energy	energy	NOUN
cblr-9106	49	32	sources	source	NOUN
cblr-9106	49	33	and	and	CCONJ
cblr-9106	49	34	electrification	electrification	NOUN
cblr-9106	49	35	of	of	ADP
cblr-9106	49	36	almost	almost	ADV
cblr-9106	49	37	all	all	PRON
cblr-9106	49	38	areas	area	NOUN
cblr-9106	49	39	of	of	ADP
cblr-9106	49	40	the	the	DET
cblr-9106	49	41	economy	economy	NOUN
cblr-9106	49	42	—	—	PUNCT
cblr-9106	49	43	on	on	ADP
cblr-9106	49	44	a	a	DET
cblr-9106	49	45	scale	scale	NOUN
cblr-9106	49	46	that	that	PRON
cblr-9106	49	47	is	be	AUX
cblr-9106	49	48	unparalleled	unparalleled	ADJ
cblr-9106	49	49	in	in	ADP
cblr-9106	49	50	modern	modern	ADJ
cblr-9106	49	51	history.11	history.11	NOUN
cblr-9106	49	52	in	in	ADP
cblr-9106	49	53	market	market	NOUN
cblr-9106	49	54	economies	economy	NOUN
cblr-9106	49	55	,	,	PUNCT
cblr-9106	49	56	capital	capital	NOUN
cblr-9106	49	57	allocation	allocation	NOUN
cblr-9106	49	58	is	be	AUX
cblr-9106	49	59	driven	drive	VERB
cblr-9106	49	60	by	by	ADP
cblr-9106	49	61	pricing	price	VERB
cblr-9106	49	62	mechanisms	mechanism	NOUN
cblr-9106	49	63	,	,	PUNCT
cblr-9106	49	64	which	which	PRON
cblr-9106	49	65	activate	activate	VERB
cblr-9106	49	66	market	market	NOUN
cblr-9106	49	67	forces	force	NOUN
cblr-9106	49	68	that	that	PRON
cblr-9106	49	69	stimulate	stimulate	VERB
cblr-9106	49	70	innovation	innovation	NOUN
cblr-9106	49	71	.	.	PUNCT
cblr-9106	50	1	pricing	pricing	NOUN
cblr-9106	50	2	mechanisms	mechanism	NOUN
cblr-9106	50	3	,	,	PUNCT
cblr-9106	50	4	however	however	ADV
cblr-9106	50	5	,	,	PUNCT
cblr-9106	50	6	can	can	AUX
cblr-9106	50	7	not	not	PART
cblr-9106	50	8	work	work	VERB
cblr-9106	50	9	when	when	SCONJ
cblr-9106	50	10	market	market	NOUN
cblr-9106	50	11	players	player	NOUN
cblr-9106	50	12	are	be	AUX
cblr-9106	50	13	not	not	PART
cblr-9106	50	14	required	require	VERB
cblr-9106	50	15	to	to	PART
cblr-9106	50	16	pay	pay	VERB
cblr-9106	50	17	for	for	ADP
cblr-9106	50	18	the	the	DET
cblr-9106	50	19	consequences	consequence	NOUN
cblr-9106	50	20	of	of	ADP
cblr-9106	50	21	their	their	PRON
cblr-9106	50	22	actions	action	NOUN
cblr-9106	50	23	.	.	PUNCT
cblr-9106	51	1	in	in	ADP
cblr-9106	51	2	economic	economic	ADJ
cblr-9106	51	3	terms	term	NOUN
cblr-9106	51	4	,	,	PUNCT
cblr-9106	51	5	that	that	ADV
cblr-9106	51	6	is	is	ADV
cblr-9106	51	7	,	,	PUNCT
cblr-9106	51	8	their	their	PRON
cblr-9106	51	9	actions	action	NOUN
cblr-9106	51	10	engender	engender	VERB
cblr-9106	51	11	negative	negative	ADJ
cblr-9106	51	12	externalities.12	externalities.12	PROPN
cblr-9106	51	13	because	because	SCONJ
cblr-9106	51	14	prices	price	NOUN
cblr-9106	51	15	ignore	ignore	VERB
cblr-9106	51	16	such	such	ADJ
cblr-9106	51	17	third	third	ADJ
cblr-9106	51	18	-	-	PUNCT
cblr-9106	51	19	party	party	NOUN
cblr-9106	51	20	effects	effect	NOUN
cblr-9106	51	21	(	(	PUNCT
cblr-9106	51	22	they	they	PRON
cblr-9106	51	23	are	be	AUX
cblr-9106	51	24	,	,	PUNCT
cblr-9106	51	25	by	by	ADP
cblr-9106	51	26	definition	definition	NOUN
cblr-9106	51	27	,	,	PUNCT
cblr-9106	51	28	external	external	ADJ
cblr-9106	51	29	to	to	ADP
cblr-9106	51	30	the	the	DET
cblr-9106	51	31	price	price	NOUN
cblr-9106	51	32	-	-	PUNCT
cblr-9106	51	33	setting	set	VERB
cblr-9106	51	34	process	process	NOUN
cblr-9106	51	35	)	)	PUNCT
cblr-9106	51	36	,	,	PUNCT
cblr-9106	51	37	too	too	ADV
cblr-9106	51	38	much	much	ADJ
cblr-9106	51	39	capital	capital	NOUN
cblr-9106	51	40	will	will	AUX
cblr-9106	51	41	flow	flow	VERB
cblr-9106	51	42	into	into	ADP
cblr-9106	51	43	the	the	DET
cblr-9106	51	44	activities	activity	NOUN
cblr-9106	51	45	that	that	PRON
cblr-9106	51	46	cause	cause	VERB
cblr-9106	51	47	them.13	them.13	PROPN
cblr-9106	51	48	10	10	NUM
cblr-9106	51	49	alberto	alberto	PROPN
cblr-9106	51	50	carrillo	carrillo	PROPN
cblr-9106	51	51	pineda	pineda	PROPN
cblr-9106	51	52	,	,	PUNCT
cblr-9106	51	53	andres	andres	PROPN
cblr-9106	51	54	chang	chang	PROPN
cblr-9106	51	55	&	&	CCONJ
cblr-9106	51	56	pedro	pedro	PROPN
cblr-9106	51	57	faria	faria	PROPN
cblr-9106	51	58	,	,	PUNCT
cblr-9106	51	59	cdp	cdp	X
cblr-9106	51	60	,	,	PUNCT
cblr-9106	51	61	foundations	foundation	NOUN
cblr-9106	51	62	for	for	ADP
cblr-9106	51	63	science	science	NOUN
cblr-9106	51	64	-	-	PUNCT
cblr-9106	51	65	based	base	VERB
cblr-9106	51	66	net	net	ADJ
cblr-9106	51	67	-	-	PUNCT
cblr-9106	51	68	zero	zero	NUM
cblr-9106	51	69	target	target	NOUN
cblr-9106	51	70	setting	set	VERB
cblr-9106	51	71	in	in	ADP
cblr-9106	51	72	the	the	DET
cblr-9106	51	73	corporate	corporate	ADJ
cblr-9106	51	74	sector	sector	NOUN
cblr-9106	51	75	18	18	NUM
cblr-9106	51	76	(	(	PUNCT
cblr-9106	51	77	2020	2020	NUM
cblr-9106	51	78	)	)	PUNCT
cblr-9106	51	79	,	,	PUNCT
cblr-9106	51	80	https://sciencebasedtargets.org/resources/files/foundations-for-net-zerofull-paper.pdf	https://sciencebasedtargets.org/resources/files/foundations-for-net-zerofull-paper.pdf	X
cblr-9106	52	1	[	[	X
cblr-9106	52	2	https://perma.cc/plg4-bh4	https://perma.cc/plg4-bh4	NOUN
cblr-9106	52	3	g	g	NOUN
cblr-9106	52	4	]	]	PUNCT
cblr-9106	52	5	.	.	PUNCT
cblr-9106	53	1	see	see	VERB
cblr-9106	53	2	generally	generally	ADV
cblr-9106	53	3	,	,	PUNCT
cblr-9106	53	4	sam	sam	PROPN
cblr-9106	53	5	fankhauser	fankhauser	PROPN
cblr-9106	53	6	et	et	PROPN
cblr-9106	53	7	al	al	PROPN
cblr-9106	53	8	.	.	PROPN
cblr-9106	53	9	,	,	PUNCT
cblr-9106	53	10	the	the	DET
cblr-9106	53	11	meaning	meaning	NOUN
cblr-9106	53	12	of	of	ADP
cblr-9106	53	13	net	net	ADJ
cblr-9106	53	14	zero	zero	NUM
cblr-9106	53	15	and	and	CCONJ
cblr-9106	53	16	how	how	SCONJ
cblr-9106	53	17	to	to	PART
cblr-9106	53	18	get	get	VERB
cblr-9106	53	19	it	it	PRON
cblr-9106	53	20	right	right	ADJ
cblr-9106	53	21	,	,	PUNCT
cblr-9106	53	22	nature	nature	NOUN
cblr-9106	53	23	climate	climate	NOUN
cblr-9106	53	24	change	change	NOUN
cblr-9106	53	25	(	(	PUNCT
cblr-9106	53	26	2021	2021	NUM
cblr-9106	53	27	)	)	PUNCT
cblr-9106	53	28	.	.	PUNCT
cblr-9106	54	1	11	11	NUM
cblr-9106	54	2	for	for	ADP
cblr-9106	54	3	example	example	NOUN
cblr-9106	54	4	,	,	PUNCT
cblr-9106	54	5	transitioning	transition	VERB
cblr-9106	54	6	the	the	DET
cblr-9106	54	7	energy	energy	NOUN
cblr-9106	54	8	system	system	NOUN
cblr-9106	54	9	would	would	AUX
cblr-9106	54	10	require	require	VERB
cblr-9106	54	11	investments	investment	NOUN
cblr-9106	54	12	of	of	ADP
cblr-9106	54	13	$	$	SYM
cblr-9106	54	14	3.5	3.5	NUM
cblr-9106	54	15	trillion	trillion	NUM
cblr-9106	54	16	a	a	DET
cblr-9106	54	17	year	year	NOUN
cblr-9106	54	18	on	on	ADP
cblr-9106	54	19	average	average	NOUN
cblr-9106	54	20	until	until	ADP
cblr-9106	54	21	2050	2050	NUM
cblr-9106	54	22	,	,	PUNCT
cblr-9106	54	23	which	which	PRON
cblr-9106	54	24	is	be	AUX
cblr-9106	54	25	around	around	ADP
cblr-9106	54	26	twice	twice	ADJ
cblr-9106	54	27	current	current	ADJ
cblr-9106	54	28	levels	level	NOUN
cblr-9106	54	29	of	of	ADP
cblr-9106	54	30	investments	investment	NOUN
cblr-9106	54	31	.	.	PUNCT
cblr-9106	55	1	see	see	VERB
cblr-9106	55	2	int’l	int’l	NUM
cblr-9106	55	3	energy	energy	NOUN
cblr-9106	55	4	agency	agency	NOUN
cblr-9106	55	5	&	&	CCONJ
cblr-9106	55	6	int’l	int’l	NOUN
cblr-9106	55	7	renewable	renewable	ADJ
cblr-9106	55	8	energy	energy	NOUN
cblr-9106	55	9	agency	agency	NOUN
cblr-9106	55	10	,	,	PUNCT
cblr-9106	55	11	perspectives	perspective	NOUN
cblr-9106	55	12	for	for	ADP
cblr-9106	55	13	the	the	DET
cblr-9106	55	14	energy	energy	NOUN
cblr-9106	55	15	transition	transition	NOUN
cblr-9106	55	16	:	:	PUNCT
cblr-9106	55	17	investment	investment	NOUN
cblr-9106	55	18	needs	need	VERB
cblr-9106	55	19	for	for	ADP
cblr-9106	55	20	a	a	DET
cblr-9106	55	21	low	low	ADJ
cblr-9106	55	22	-	-	PUNCT
cblr-9106	55	23	carbon	carbon	NOUN
cblr-9106	55	24	energy	energy	NOUN
cblr-9106	55	25	system	system	NOUN
cblr-9106	55	26	51	51	NUM
cblr-9106	55	27	(	(	PUNCT
cblr-9106	55	28	2017	2017	NUM
cblr-9106	55	29	)	)	PUNCT
cblr-9106	55	30	,	,	PUNCT
cblr-9106	56	1	https://www.irena.org//media/files/irena/agency/publication/2017/mar/perspectives_for_the_e	https://www.irena.org//media/files/irena/agency/publication/2017/mar/perspectives_for_the_e	ADV
cblr-9106	56	2	nergy_transition_2017.pdf	nergy_transition_2017.pdf	X
cblr-9106	56	3	[	[	X
cblr-9106	56	4	https://perma.cc/nz9b-jmbp	https://perma.cc/nz9b-jmbp	X
cblr-9106	56	5	]	]	X
cblr-9106	56	6	.	.	PUNCT
cblr-9106	57	1	12	12	NUM
cblr-9106	57	2	thomas	thomas	PROPN
cblr-9106	57	3	helblling	helblling	NOUN
cblr-9106	57	4	,	,	PUNCT
cblr-9106	57	5	externalities	externality	NOUN
cblr-9106	57	6	:	:	PUNCT
cblr-9106	57	7	prices	price	NOUN
cblr-9106	57	8	do	do	AUX
cblr-9106	57	9	not	not	PART
cblr-9106	57	10	capture	capture	VERB
cblr-9106	57	11	all	all	DET
cblr-9106	57	12	costs	cost	NOUN
cblr-9106	57	13	,	,	PUNCT
cblr-9106	57	14	int’l	int’l	NUM
cblr-9106	57	15	monetary	monetary	ADJ
cblr-9106	57	16	fund	fund	NOUN
cblr-9106	57	17	(	(	PUNCT
cblr-9106	57	18	last	last	ADJ
cblr-9106	57	19	updated	update	VERB
cblr-9106	57	20	feb	feb	PROPN
cblr-9106	57	21	.	.	PROPN
cblr-9106	57	22	24	24	NUM
cblr-9106	57	23	,	,	PUNCT
cblr-9106	57	24	2020	2020	NUM
cblr-9106	57	25	)	)	PUNCT
cblr-9106	57	26	,	,	PUNCT
cblr-9106	57	27	https://www.imf.org/external/pubs/ft/fandd/basics/external.htm	https://www.imf.org/external/pubs/ft/fandd/basics/external.htm	PROPN
cblr-9106	57	28	(	(	PUNCT
cblr-9106	57	29	on	on	ADP
cblr-9106	57	30	file	file	NOUN
cblr-9106	57	31	with	with	ADP
cblr-9106	57	32	the	the	DET
cblr-9106	57	33	columbia	columbia	PROPN
cblr-9106	57	34	business	business	PROPN
cblr-9106	57	35	law	law	PROPN
cblr-9106	57	36	review	review	PROPN
cblr-9106	57	37	)	)	PUNCT
cblr-9106	57	38	.	.	PUNCT
cblr-9106	58	1	13	13	NUM
cblr-9106	58	2	see	see	VERB
cblr-9106	58	3	i	i	PROPN
cblr-9106	58	4	d.	d.	PROPN
cblr-9106	58	5	1090	1090	NUM
cblr-9106	58	6	columbia	columbia	PROPN
cblr-9106	58	7	business	business	PROPN
cblr-9106	58	8	law	law	PROPN
cblr-9106	58	9	review	review	NOUN
cblr-9106	58	10	[	[	X
cblr-9106	58	11	vol	vol	NOUN
cblr-9106	58	12	.	.	PUNCT
cblr-9106	58	13	2021	2021	NUM
cblr-9106	58	14	that	that	PRON
cblr-9106	58	15	is	be	AUX
cblr-9106	58	16	,	,	PUNCT
cblr-9106	58	17	high	high	ADJ
cblr-9106	58	18	-	-	PUNCT
cblr-9106	58	19	emission	emission	NOUN
cblr-9106	58	20	projects	project	NOUN
cblr-9106	58	21	will	will	AUX
cblr-9106	58	22	attract	attract	VERB
cblr-9106	58	23	more	more	ADJ
cblr-9106	58	24	capital	capital	NOUN
cblr-9106	58	25	than	than	SCONJ
cblr-9106	58	26	is	be	AUX
cblr-9106	58	27	socially	socially	ADV
cblr-9106	58	28	optimal.14	optimal.14	ADP
cblr-9106	58	29	a	a	DET
cblr-9106	58	30	foundational	foundational	ADJ
cblr-9106	58	31	question	question	NOUN
cblr-9106	58	32	is	be	AUX
cblr-9106	58	33	therefore	therefore	ADV
cblr-9106	58	34	how	how	SCONJ
cblr-9106	58	35	the	the	DET
cblr-9106	58	36	pricing	pricing	NOUN
cblr-9106	58	37	mechanism	mechanism	NOUN
cblr-9106	58	38	can	can	AUX
cblr-9106	58	39	be	be	AUX
cblr-9106	58	40	made	make	VERB
cblr-9106	58	41	to	to	PART
cblr-9106	58	42	work	work	VERB
cblr-9106	58	43	so	so	SCONJ
cblr-9106	58	44	that	that	SCONJ
cblr-9106	58	45	the	the	DET
cblr-9106	58	46	social	social	ADJ
cblr-9106	58	47	costs	cost	NOUN
cblr-9106	58	48	of	of	ADP
cblr-9106	58	49	carbon	carbon	NOUN
cblr-9106	58	50	emissions	emission	NOUN
cblr-9106	58	51	are	be	AUX
cblr-9106	58	52	actually	actually	ADV
cblr-9106	58	53	reflected	reflect	VERB
cblr-9106	58	54	in	in	ADP
cblr-9106	58	55	prices	price	NOUN
cblr-9106	58	56	.	.	PUNCT
cblr-9106	59	1	economists	economist	NOUN
cblr-9106	59	2	widely	widely	ADV
cblr-9106	59	3	agree	agree	VERB
cblr-9106	59	4	that	that	SCONJ
cblr-9106	59	5	taxes	taxis	NOUN
cblr-9106	59	6	on	on	ADP
cblr-9106	59	7	carbon	carbon	NOUN
cblr-9106	59	8	emissions	emission	NOUN
cblr-9106	59	9	matched	match	VERB
cblr-9106	59	10	to	to	ADP
cblr-9106	59	11	their	their	PRON
cblr-9106	59	12	costs	cost	NOUN
cblr-9106	59	13	to	to	ADP
cblr-9106	59	14	society	society	NOUN
cblr-9106	59	15	or	or	CCONJ
cblr-9106	59	16	carbon	carbon	NOUN
cblr-9106	59	17	emissions	emission	NOUN
cblr-9106	59	18	trading	trading	NOUN
cblr-9106	59	19	schemes	scheme	NOUN
cblr-9106	59	20	would	would	AUX
cblr-9106	59	21	be	be	AUX
cblr-9106	59	22	an	an	DET
cblr-9106	59	23	effective	effective	ADJ
cblr-9106	59	24	way	way	NOUN
cblr-9106	59	25	to	to	PART
cblr-9106	59	26	enlist	enlist	VERB
cblr-9106	59	27	market	market	NOUN
cblr-9106	59	28	forces	force	NOUN
cblr-9106	59	29	in	in	ADP
cblr-9106	59	30	this	this	DET
cblr-9106	59	31	capital	capital	NOUN
cblr-9106	59	32	reallocation.15	reallocation.15	NOUN
cblr-9106	59	33	with	with	ADP
cblr-9106	59	34	such	such	ADJ
cblr-9106	59	35	policy	policy	NOUN
cblr-9106	59	36	tools	tool	NOUN
cblr-9106	59	37	in	in	ADP
cblr-9106	59	38	place	place	NOUN
cblr-9106	59	39	,	,	PUNCT
cblr-9106	59	40	the	the	DET
cblr-9106	59	41	costs	cost	NOUN
cblr-9106	59	42	of	of	ADP
cblr-9106	59	43	carbon	carbon	NOUN
cblr-9106	59	44	emissions	emission	NOUN
cblr-9106	59	45	would	would	AUX
cblr-9106	59	46	be	be	AUX
cblr-9106	59	47	priced	price	VERB
cblr-9106	59	48	into	into	ADP
cblr-9106	59	49	firms	firm	NOUN
cblr-9106	59	50	’	'	PUNCT
cblr-9106	59	51	activities	activity	NOUN
cblr-9106	59	52	and	and	CCONJ
cblr-9106	59	53	investment	investment	NOUN
cblr-9106	59	54	decisions.16	decisions.16	VERB
cblr-9106	59	55	a	a	DET
cblr-9106	59	56	fundamental	fundamental	ADJ
cblr-9106	59	57	problem	problem	NOUN
cblr-9106	59	58	for	for	ADP
cblr-9106	59	59	society	society	NOUN
cblr-9106	59	60	is	be	AUX
cblr-9106	59	61	that	that	SCONJ
cblr-9106	59	62	the	the	DET
cblr-9106	59	63	costs	cost	NOUN
cblr-9106	59	64	of	of	ADP
cblr-9106	59	65	climate	climate	NOUN
cblr-9106	59	66	change	change	NOUN
cblr-9106	59	67	have	have	VERB
cblr-9106	59	68	different	different	ADJ
cblr-9106	59	69	footprints	footprint	NOUN
cblr-9106	59	70	—	—	PUNCT
cblr-9106	59	71	across	across	ADP
cblr-9106	59	72	individuals	individual	NOUN
cblr-9106	59	73	,	,	PUNCT
cblr-9106	59	74	across	across	ADP
cblr-9106	59	75	generations	generation	NOUN
cblr-9106	59	76	,	,	PUNCT
cblr-9106	59	77	across	across	ADP
cblr-9106	59	78	firms	firm	NOUN
cblr-9106	59	79	,	,	PUNCT
cblr-9106	59	80	and	and	CCONJ
cblr-9106	59	81	across	across	ADP
cblr-9106	59	82	nations	nation	NOUN
cblr-9106	59	83	.	.	PUNCT
cblr-9106	60	1	environmental	environmental	ADJ
cblr-9106	60	2	economists	economist	NOUN
cblr-9106	60	3	have	have	AUX
cblr-9106	60	4	long	long	ADV
cblr-9106	60	5	argued	argue	VERB
cblr-9106	60	6	that	that	SCONJ
cblr-9106	60	7	these	these	DET
cblr-9106	60	8	doom	doom	PROPN
cblr-9106	60	9	international	international	ADJ
cblr-9106	60	10	action	action	NOUN
cblr-9106	60	11	on	on	ADP
cblr-9106	60	12	climate	climate	NOUN
cblr-9106	60	13	change	change	NOUN
cblr-9106	60	14	mitigation	mitigation	NOUN
cblr-9106	60	15	to	to	ADP
cblr-9106	60	16	failure	failure	NOUN
cblr-9106	60	17	because	because	SCONJ
cblr-9106	60	18	of	of	ADP
cblr-9106	60	19	free	free	ADJ
cblr-9106	60	20	-	-	PUNCT
cblr-9106	60	21	rider	rider	NOUN
cblr-9106	60	22	problems.17	problems.17	NOUN
cblr-9106	60	23	this	this	DET
cblr-9106	60	24	dismal	dismal	ADJ
cblr-9106	60	25	result	result	NOUN
cblr-9106	60	26	is	be	AUX
cblr-9106	60	27	borne	bear	VERB
cblr-9106	60	28	out	out	ADP
cblr-9106	60	29	in	in	ADP
cblr-9106	60	30	political	political	ADJ
cblr-9106	60	31	inaction	inaction	NOUN
cblr-9106	60	32	:	:	PUNCT
cblr-9106	60	33	carbon	carbon	NOUN
cblr-9106	60	34	pricing	pricing	NOUN
cblr-9106	60	35	,	,	PUNCT
cblr-9106	60	36	for	for	ADP
cblr-9106	60	37	instance	instance	NOUN
cblr-9106	60	38	,	,	PUNCT
cblr-9106	60	39	has	have	VERB
cblr-9106	60	40	to	to	ADP
cblr-9106	60	41	date	date	NOUN
cblr-9106	60	42	only	only	ADV
cblr-9106	60	43	been	be	AUX
cblr-9106	60	44	applied	apply	VERB
cblr-9106	60	45	sporadically	sporadically	ADV
cblr-9106	60	46	and	and	CCONJ
cblr-9106	60	47	with	with	SCONJ
cblr-9106	60	48	a	a	DET
cblr-9106	60	49	“	"	PUNCT
cblr-9106	60	50	price	price	NOUN
cblr-9106	60	51	”	"	PUNCT
cblr-9106	60	52	often	often	ADV
cblr-9106	60	53	set	set	VERB
cblr-9106	60	54	far	far	ADV
cblr-9106	60	55	too	too	ADV
cblr-9106	60	56	low	low	ADJ
cblr-9106	60	57	compared	compare	VERB
cblr-9106	60	58	14	14	NUM
cblr-9106	60	59	see	see	VERB
cblr-9106	60	60	i	i	PROPN
cblr-9106	60	61	d	d	PROPN
cblr-9106	60	62	;	;	PUNCT
cblr-9106	60	63	see	see	VERB
cblr-9106	60	64	also	also	ADV
cblr-9106	60	65	zohar	zohar	PROPN
cblr-9106	60	66	goshen	goshen	PROPN
cblr-9106	60	67	&	&	CCONJ
cblr-9106	60	68	gideon	gideon	PROPN
cblr-9106	60	69	parchomovsky	parchomovsky	PROPN
cblr-9106	60	70	,	,	PUNCT
cblr-9106	60	71	the	the	DET
cblr-9106	60	72	essential	essential	ADJ
cblr-9106	60	73	role	role	NOUN
cblr-9106	60	74	of	of	ADP
cblr-9106	60	75	securities	security	NOUN
cblr-9106	60	76	regulation	regulation	NOUN
cblr-9106	60	77	,	,	PUNCT
cblr-9106	60	78	55	55	NUM
cblr-9106	60	79	duke	duke	PROPN
cblr-9106	60	80	l.j	l.j	PROPN
cblr-9106	60	81	.	.	PROPN
cblr-9106	60	82	711	711	NUM
cblr-9106	60	83	,	,	PUNCT
cblr-9106	60	84	720	720	NUM
cblr-9106	60	85	(	(	PUNCT
cblr-9106	60	86	2006	2006	NUM
cblr-9106	60	87	)	)	PUNCT
cblr-9106	60	88	(	(	PUNCT
cblr-9106	60	89	“	"	PUNCT
cblr-9106	60	90	accurate	accurate	ADJ
cblr-9106	60	91	pricing	pricing	NOUN
cblr-9106	60	92	is	be	AUX
cblr-9106	60	93	essential	essential	ADJ
cblr-9106	60	94	for	for	ADP
cblr-9106	60	95	achieving	achieve	VERB
cblr-9106	60	96	efficient	efficient	ADJ
cblr-9106	60	97	allocation	allocation	NOUN
cblr-9106	60	98	of	of	ADP
cblr-9106	60	99	resources	resource	NOUN
cblr-9106	60	100	in	in	ADP
cblr-9106	60	101	the	the	DET
cblr-9106	60	102	economy	economy	NOUN
cblr-9106	60	103	.	.	PUNCT
cblr-9106	60	104	”	"	PUNCT
cblr-9106	61	1	(	(	PUNCT
cblr-9106	61	2	footnote	footnote	NOUN
cblr-9106	61	3	omitted	omit	VERB
cblr-9106	61	4	)	)	PUNCT
cblr-9106	61	5	)	)	PUNCT
cblr-9106	61	6	.	.	PUNCT
cblr-9106	62	1	15	15	NUM
cblr-9106	62	2	see	see	VERB
cblr-9106	62	3	,	,	PUNCT
cblr-9106	62	4	e.g.	e.g.	ADV
cblr-9106	62	5	,	,	PUNCT
cblr-9106	62	6	harrison	harrison	PROPN
cblr-9106	62	7	hong	hong	PROPN
cblr-9106	62	8	,	,	PUNCT
cblr-9106	62	9	frank	frank	PROPN
cblr-9106	62	10	weikai	weikai	PROPN
cblr-9106	62	11	li	li	PROPN
cblr-9106	62	12	&	&	CCONJ
cblr-9106	62	13	jiangmin	jiangmin	PROPN
cblr-9106	62	14	xu	xu	PROPN
cblr-9106	62	15	,	,	PUNCT
cblr-9106	62	16	climate	climate	NOUN
cblr-9106	62	17	risks	risk	NOUN
cblr-9106	62	18	and	and	CCONJ
cblr-9106	62	19	market	market	NOUN
cblr-9106	62	20	efficiency	efficiency	NOUN
cblr-9106	62	21	208	208	NUM
cblr-9106	62	22	j.	j.	PROPN
cblr-9106	62	23	econometrics	econometrics	PROPN
cblr-9106	62	24	265	265	NUM
cblr-9106	62	25	,	,	PUNCT
cblr-9106	62	26	265–81	265–81	PROPN
cblr-9106	62	27	(	(	PUNCT
cblr-9106	62	28	2019	2019	NUM
cblr-9106	62	29	)	)	PUNCT
cblr-9106	62	30	;	;	PUNCT
cblr-9106	62	31	see	see	VERB
cblr-9106	62	32	also	also	ADV
cblr-9106	62	33	heather	heather	PROPN
cblr-9106	62	34	long	long	ADV
cblr-9106	62	35	,	,	PUNCT
cblr-9106	62	36	‘	'	PUNCT
cblr-9106	62	37	this	this	PRON
cblr-9106	62	38	is	be	AUX
cblr-9106	62	39	not	not	PART
cblr-9106	62	40	controversial	controversial	ADJ
cblr-9106	62	41	’	'	PUNCT
cblr-9106	62	42	:	:	PUNCT
cblr-9106	62	43	bipartisan	bipartisan	ADJ
cblr-9106	62	44	group	group	NOUN
cblr-9106	62	45	of	of	ADP
cblr-9106	62	46	economists	economist	NOUN
cblr-9106	62	47	calls	call	VERB
cblr-9106	62	48	for	for	ADP
cblr-9106	62	49	carbon	carbon	NOUN
cblr-9106	62	50	tax	tax	NOUN
cblr-9106	62	51	,	,	PUNCT
cblr-9106	62	52	wash	wash	NOUN
cblr-9106	62	53	.	.	PUNCT
cblr-9106	63	1	post	post	NOUN
cblr-9106	63	2	(	(	PUNCT
cblr-9106	63	3	jan	jan	PROPN
cblr-9106	63	4	.	.	PROPN
cblr-9106	63	5	16	16	NUM
cblr-9106	63	6	,	,	PUNCT
cblr-9106	63	7	2019	2019	NUM
cblr-9106	63	8	)	)	PUNCT
cblr-9106	63	9	,	,	PUNCT
cblr-9106	63	10	https://www.washingtonpost.com/business/2019/01/17/this-is-notcontroversial-bipartisan-group-economists-calls-carbon-tax/	https://www.washingtonpost.com/business/2019/01/17/this-is-notcontroversial-bipartisan-group-economists-calls-carbon-tax/	X
cblr-9106	64	1	[	[	X
cblr-9106	64	2	https://perma.cc/h3xb-dnhu	https://perma.cc/h3xb-dnhu	X
cblr-9106	64	3	]	]	X
cblr-9106	64	4	.	.	PUNCT
cblr-9106	65	1	in	in	ADP
cblr-9106	65	2	other	other	ADJ
cblr-9106	65	3	words	word	NOUN
cblr-9106	65	4	,	,	PUNCT
cblr-9106	65	5	the	the	DET
cblr-9106	65	6	coase	coase	PROPN
cblr-9106	65	7	theorem	theorem	NOUN
cblr-9106	65	8	is	be	AUX
cblr-9106	65	9	not	not	PART
cblr-9106	65	10	applicable	applicable	ADJ
cblr-9106	65	11	to	to	ADP
cblr-9106	65	12	climate	climate	NOUN
cblr-9106	65	13	change	change	NOUN
cblr-9106	65	14	.	.	PUNCT
cblr-9106	66	1	see	see	VERB
cblr-9106	66	2	inho	inho	PROPN
cblr-9106	66	3	choi	choi	PROPN
cblr-9106	66	4	,	,	PUNCT
cblr-9106	66	5	global	global	ADJ
cblr-9106	66	6	climate	climate	NOUN
cblr-9106	66	7	change	change	NOUN
cblr-9106	66	8	and	and	CCONJ
cblr-9106	66	9	the	the	DET
cblr-9106	66	10	use	use	NOUN
cblr-9106	66	11	of	of	ADP
cblr-9106	66	12	economic	economic	ADJ
cblr-9106	66	13	approaches	approach	NOUN
cblr-9106	66	14	,	,	PUNCT
cblr-9106	66	15	45	45	NUM
cblr-9106	66	16	nat	nat	NOUN
cblr-9106	66	17	.	.	PUNCT
cblr-9106	67	1	res	res	PROPN
cblr-9106	67	2	.	.	PUNCT
cblr-9106	68	1	j.	j.	PROPN
cblr-9106	68	2	865	865	NUM
cblr-9106	68	3	,	,	PUNCT
cblr-9106	68	4	883	883	NUM
cblr-9106	68	5	(	(	PUNCT
cblr-9106	68	6	2005	2005	NUM
cblr-9106	68	7	)	)	PUNCT
cblr-9106	68	8	(	(	PUNCT
cblr-9106	68	9	“	"	PUNCT
cblr-9106	68	10	there	there	PRON
cblr-9106	68	11	is	be	VERB
cblr-9106	68	12	no	no	DET
cblr-9106	68	13	doubt	doubt	NOUN
cblr-9106	68	14	the	the	DET
cblr-9106	68	15	coase	coase	PROPN
cblr-9106	68	16	theorem	theorem	NOUN
cblr-9106	68	17	has	have	VERB
cblr-9106	68	18	limits	limit	NOUN
cblr-9106	68	19	when	when	SCONJ
cblr-9106	68	20	applied	apply	VERB
cblr-9106	68	21	to	to	ADP
cblr-9106	68	22	the	the	DET
cblr-9106	68	23	field	field	NOUN
cblr-9106	68	24	of	of	ADP
cblr-9106	68	25	environmental	environmental	ADJ
cblr-9106	68	26	law	law	NOUN
cblr-9106	68	27	.	.	PUNCT
cblr-9106	68	28	”	"	PUNCT
cblr-9106	68	29	)	)	PUNCT
cblr-9106	68	30	.	.	PUNCT
cblr-9106	69	1	16	16	NUM
cblr-9106	69	2	see	see	VERB
cblr-9106	69	3	what	what	PRON
cblr-9106	69	4	is	be	AUX
cblr-9106	69	5	carbon	carbon	NOUN
cblr-9106	69	6	pricing	pricing	NOUN
cblr-9106	69	7	?	?	PUNCT
cblr-9106	69	8	,	,	PUNCT
cblr-9106	69	9	world	world	PROPN
cblr-9106	69	10	bank	bank	PROPN
cblr-9106	69	11	,	,	PUNCT
cblr-9106	69	12	https://carbonpricingdashboard.worldbank.org/what-carbon-pricing	https://carbonpricingdashboard.worldbank.org/what-carbon-price	VERB
cblr-9106	69	13	[	[	X
cblr-9106	69	14	https://perma.cc/z8u7-x3ex	https://perma.cc/z8u7-x3ex	X
cblr-9106	69	15	]	]	X
cblr-9106	69	16	(	(	PUNCT
cblr-9106	69	17	last	last	ADV
cblr-9106	69	18	visited	visit	VERB
cblr-9106	69	19	dec	dec	PROPN
cblr-9106	69	20	.	.	PROPN
cblr-9106	69	21	18	18	NUM
cblr-9106	69	22	,	,	PUNCT
cblr-9106	69	23	2021	2021	NUM
cblr-9106	69	24	)	)	PUNCT
cblr-9106	69	25	.	.	PUNCT
cblr-9106	70	1	17	17	NUM
cblr-9106	70	2	see	see	VERB
cblr-9106	70	3	,	,	PUNCT
cblr-9106	70	4	e.g.	e.g.	ADV
cblr-9106	70	5	,	,	PUNCT
cblr-9106	70	6	carlo	carlo	PROPN
cblr-9106	70	7	carraro	carraro	PROPN
cblr-9106	70	8	&	&	CCONJ
cblr-9106	70	9	domenico	domenico	PROPN
cblr-9106	70	10	siniscalco	siniscalco	PROPN
cblr-9106	70	11	,	,	PUNCT
cblr-9106	70	12	the	the	DET
cblr-9106	70	13	international	international	ADJ
cblr-9106	70	14	dimension	dimension	NOUN
cblr-9106	70	15	of	of	ADP
cblr-9106	70	16	environmental	environmental	ADJ
cblr-9106	70	17	policy	policy	NOUN
cblr-9106	70	18	,	,	PUNCT
cblr-9106	70	19	36	36	NUM
cblr-9106	70	20	eur	eur	NOUN
cblr-9106	70	21	.	.	PUNCT
cblr-9106	71	1	econ	econ	PROPN
cblr-9106	71	2	.	.	PUNCT
cblr-9106	72	1	rev	rev	PROPN
cblr-9106	72	2	.	.	PROPN
cblr-9106	72	3	379	379	NUM
cblr-9106	72	4	,	,	PUNCT
cblr-9106	72	5	384–85	384–85	NUM
cblr-9106	72	6	(	(	PUNCT
cblr-9106	72	7	1992	1992	NUM
cblr-9106	72	8	)	)	PUNCT
cblr-9106	72	9	;	;	PUNCT
cblr-9106	72	10	scott	scott	PROPN
cblr-9106	72	11	barrett	barrett	PROPN
cblr-9106	72	12	,	,	PUNCT
cblr-9106	72	13	self	self	NOUN
cblr-9106	72	14	-	-	PUNCT
cblr-9106	72	15	enforcing	enforce	VERB
cblr-9106	72	16	international	international	ADJ
cblr-9106	72	17	environmental	environmental	ADJ
cblr-9106	72	18	agreements	agreement	NOUN
cblr-9106	72	19	,	,	PUNCT
cblr-9106	72	20	oxford	oxford	PROPN
cblr-9106	72	21	econ	econ	PROPN
cblr-9106	72	22	.	.	PUNCT
cblr-9106	73	1	papers	paper	NOUN
cblr-9106	73	2	878	878	NUM
cblr-9106	73	3	,	,	PUNCT
cblr-9106	73	4	886–88	886–88	NUM
cblr-9106	73	5	,	,	PUNCT
cblr-9106	73	6	887	887	NUM
cblr-9106	73	7	tbls	tbls	NOUN
cblr-9106	73	8	.	.	PUNCT
cblr-9106	74	1	5–6	5–6	NUM
cblr-9106	74	2	(	(	PUNCT
cblr-9106	74	3	1994	1994	NUM
cblr-9106	74	4	)	)	PUNCT
cblr-9106	74	5	;	;	PUNCT
cblr-9106	74	6	scott	scott	PROPN
cblr-9106	74	7	barrett	barrett	PROPN
cblr-9106	74	8	,	,	PUNCT
cblr-9106	74	9	climate	climate	NOUN
cblr-9106	74	10	treaties	treaty	NOUN
cblr-9106	74	11	and	and	CCONJ
cblr-9106	74	12	“	"	PUNCT
cblr-9106	74	13	breakthrough	breakthrough	ADJ
cblr-9106	74	14	”	"	PUNCT
cblr-9106	74	15	technologies	technology	NOUN
cblr-9106	74	16	,	,	PUNCT
cblr-9106	74	17	am	be	AUX
cblr-9106	74	18	.	.	PUNCT
cblr-9106	75	1	econ	econ	PROPN
cblr-9106	75	2	.	.	PUNCT
cblr-9106	76	1	rev	rev	PROPN
cblr-9106	76	2	.	.	PROPN
cblr-9106	76	3	,	,	PUNCT
cblr-9106	76	4	may	may	AUX
cblr-9106	76	5	2006	2006	NUM
cblr-9106	76	6	,	,	PUNCT
cblr-9106	76	7	at	at	ADP
cblr-9106	76	8	22	22	NUM
cblr-9106	76	9	,	,	PUNCT
cblr-9106	76	10	22–25	22–25	NUM
cblr-9106	76	11	.	.	PUNCT
cblr-9106	77	1	no	no	INTJ
cblr-9106	77	2	.	.	NOUN
cblr-9106	78	1	3:1085	3:1085	NUM
cblr-9106	78	2	]	]	X
cblr-9106	78	3	mandatory	mandatory	ADJ
cblr-9106	78	4	corporate	corporate	ADJ
cblr-9106	78	5	climate	climate	NOUN
cblr-9106	78	6	disclosures	disclosure	NOUN
cblr-9106	78	7	1091	1091	NUM
cblr-9106	78	8	to	to	ADP
cblr-9106	78	9	the	the	DET
cblr-9106	78	10	social	social	ADJ
cblr-9106	78	11	cost	cost	NOUN
cblr-9106	78	12	of	of	ADP
cblr-9106	78	13	emissions.18	emissions.18	NOUN
cblr-9106	78	14	the	the	DET
cblr-9106	78	15	average	average	ADJ
cblr-9106	78	16	carbon	carbon	NOUN
cblr-9106	78	17	price	price	NOUN
cblr-9106	78	18	is	be	AUX
cblr-9106	78	19	currently	currently	ADV
cblr-9106	78	20	$	$	SYM
cblr-9106	78	21	3	3	NUM
cblr-9106	78	22	per	per	ADP
cblr-9106	78	23	ton	ton	NOUN
cblr-9106	78	24	of	of	ADP
cblr-9106	78	25	co2	co2	NOUN
cblr-9106	78	26	,	,	PUNCT
cblr-9106	78	27	while	while	SCONJ
cblr-9106	78	28	studies	study	NOUN
cblr-9106	78	29	suggest	suggest	VERB
cblr-9106	78	30	a	a	DET
cblr-9106	78	31	price	price	NOUN
cblr-9106	78	32	of	of	ADP
cblr-9106	78	33	between	between	ADP
cblr-9106	78	34	at	at	ADV
cblr-9106	78	35	least	least	ADV
cblr-9106	78	36	$	$	SYM
cblr-9106	78	37	40	40	NUM
cblr-9106	78	38	-	-	SYM
cblr-9106	78	39	80	80	NUM
cblr-9106	78	40	per	per	ADP
cblr-9106	78	41	ton	ton	NOUN
cblr-9106	78	42	(	(	PUNCT
cblr-9106	78	43	when	when	SCONJ
cblr-9106	78	44	combined	combine	VERB
cblr-9106	78	45	appropriately	appropriately	ADV
cblr-9106	78	46	with	with	ADP
cblr-9106	78	47	other	other	ADJ
cblr-9106	78	48	policies	policy	NOUN
cblr-9106	78	49	)	)	PUNCT
cblr-9106	78	50	is	be	AUX
cblr-9106	78	51	required.19	required.19	PROPN
cblr-9106	78	52	indeed	indeed	ADV
cblr-9106	78	53	,	,	PUNCT
cblr-9106	78	54	the	the	DET
cblr-9106	78	55	political	political	ADJ
cblr-9106	78	56	economy	economy	NOUN
cblr-9106	78	57	of	of	ADP
cblr-9106	78	58	carbon	carbon	NOUN
cblr-9106	78	59	taxes	taxis	NOUN
cblr-9106	78	60	is	be	AUX
cblr-9106	78	61	now	now	ADV
cblr-9106	78	62	so	so	ADV
cblr-9106	78	63	deeply	deeply	ADV
cblr-9106	78	64	quagmired	quagmire	VERB
cblr-9106	78	65	that	that	SCONJ
cblr-9106	78	66	lobbyists	lobbyist	NOUN
cblr-9106	78	67	for	for	ADP
cblr-9106	78	68	u.s	u.s	PROPN
cblr-9106	78	69	.	.	PROPN
cblr-9106	78	70	oil	oil	NOUN
cblr-9106	78	71	giant	giant	NOUN
cblr-9106	78	72	exxonmobil	exxonmobil	PROPN
cblr-9106	78	73	,	,	PUNCT
cblr-9106	78	74	as	as	SCONJ
cblr-9106	78	75	they	they	PRON
cblr-9106	78	76	were	be	AUX
cblr-9106	78	77	themselves	themselves	PRON
cblr-9106	78	78	caught	catch	VERB
cblr-9106	78	79	boasting	boast	VERB
cblr-9106	78	80	,	,	PUNCT
cblr-9106	78	81	are	be	AUX
cblr-9106	78	82	backing	back	VERB
cblr-9106	78	83	the	the	DET
cblr-9106	78	84	idea	idea	NOUN
cblr-9106	78	85	as	as	ADP
cblr-9106	78	86	a	a	DET
cblr-9106	78	87	public	public	ADJ
cblr-9106	78	88	relations	relation	NOUN
cblr-9106	78	89	ploy	ploy	NOUN
cblr-9106	78	90	intended	intend	VERB
cblr-9106	78	91	to	to	PART
cblr-9106	78	92	stall	stall	VERB
cblr-9106	78	93	other	other	ADJ
cblr-9106	78	94	measures	measure	NOUN
cblr-9106	78	95	that	that	PRON
cblr-9106	78	96	have	have	VERB
cblr-9106	78	97	a	a	DET
cblr-9106	78	98	better	well	ADJ
cblr-9106	78	99	chance	chance	NOUN
cblr-9106	78	100	of	of	ADP
cblr-9106	78	101	being	be	AUX
cblr-9106	78	102	enacted.20	enacted.20	PROPN
cblr-9106	78	103	a	a	DET
cblr-9106	78	104	second	second	ADV
cblr-9106	78	105	-	-	PUNCT
cblr-9106	78	106	best	good	ADJ
cblr-9106	78	107	,	,	PUNCT
cblr-9106	78	108	but	but	CCONJ
cblr-9106	78	109	now	now	ADV
cblr-9106	78	110	widely	widely	ADV
cblr-9106	78	111	endorsed	endorse	VERB
cblr-9106	78	112	,	,	PUNCT
cblr-9106	78	113	strategy	strategy	NOUN
cblr-9106	78	114	is	be	AUX
cblr-9106	78	115	to	to	PART
cblr-9106	78	116	encourage	encourage	VERB
cblr-9106	78	117	bottom	bottom	ADJ
cblr-9106	78	118	-	-	PUNCT
cblr-9106	78	119	up	up	ADP
cblr-9106	78	120	engagement	engagement	NOUN
cblr-9106	78	121	by	by	ADP
cblr-9106	78	122	firms	firm	NOUN
cblr-9106	78	123	and	and	CCONJ
cblr-9106	78	124	investors.21	investors.21	VERB
cblr-9106	78	125	the	the	DET
cblr-9106	78	126	incentives	incentive	NOUN
cblr-9106	78	127	for	for	ADP
cblr-9106	78	128	such	such	ADJ
cblr-9106	78	129	engagement	engagement	NOUN
cblr-9106	78	130	vary	vary	NOUN
cblr-9106	78	131	,	,	PUNCT
cblr-9106	78	132	depending	depend	VERB
cblr-9106	78	133	on	on	ADP
cblr-9106	78	134	what	what	DET
cblr-9106	78	135	type	type	NOUN
cblr-9106	78	136	of	of	ADP
cblr-9106	78	137	action	action	NOUN
cblr-9106	78	138	might	might	AUX
cblr-9106	78	139	be	be	AUX
cblr-9106	78	140	involved	involve	VERB
cblr-9106	78	141	.	.	PUNCT
cblr-9106	79	1	most	most	ADV
cblr-9106	79	2	obviously	obviously	ADV
cblr-9106	79	3	,	,	PUNCT
cblr-9106	79	4	adaptation	adaptation	NOUN
cblr-9106	79	5	to	to	PART
cblr-9106	79	6	climate	climate	NOUN
cblr-9106	79	7	change	change	NOUN
cblr-9106	79	8	involves	involve	VERB
cblr-9106	79	9	adjusting	adjust	VERB
cblr-9106	79	10	activities	activity	NOUN
cblr-9106	79	11	so	so	SCONJ
cblr-9106	79	12	as	as	SCONJ
cblr-9106	79	13	to	to	PART
cblr-9106	79	14	minimize	minimize	VERB
cblr-9106	79	15	the	the	DET
cblr-9106	79	16	costs	cost	NOUN
cblr-9106	79	17	associated	associate	VERB
cblr-9106	79	18	with	with	ADP
cblr-9106	79	19	the	the	DET
cblr-9106	79	20	expected	expect	VERB
cblr-9106	79	21	level	level	NOUN
cblr-9106	79	22	of	of	ADP
cblr-9106	79	23	global	global	ADJ
cblr-9106	79	24	warming.22	warming.22	NOUN
cblr-9106	79	25	firms	firm	NOUN
cblr-9106	79	26	will	will	AUX
cblr-9106	79	27	internalize	internalize	VERB
cblr-9106	79	28	the	the	DET
cblr-9106	79	29	benefits	benefit	NOUN
cblr-9106	79	30	of	of	ADP
cblr-9106	79	31	investments	investment	NOUN
cblr-9106	79	32	they	they	PRON
cblr-9106	79	33	make	make	VERB
cblr-9106	79	34	in	in	ADP
cblr-9106	79	35	adaptation	adaptation	NOUN
cblr-9106	79	36	to	to	PART
cblr-9106	79	37	climate	climate	NOUN
cblr-9106	79	38	change	change	NOUN
cblr-9106	79	39	,	,	PUNCT
cblr-9106	79	40	because	because	SCONJ
cblr-9106	79	41	these	these	DET
cblr-9106	79	42	investments	investment	NOUN
cblr-9106	79	43	will	will	AUX
cblr-9106	79	44	reduce	reduce	VERB
cblr-9106	79	45	the	the	DET
cblr-9106	79	46	costs	cost	NOUN
cblr-9106	79	47	of	of	ADP
cblr-9106	79	48	climate	climate	NOUN
cblr-9106	79	49	change	change	NOUN
cblr-9106	79	50	at	at	ADP
cblr-9106	79	51	the	the	DET
cblr-9106	79	52	firm	firm	ADJ
cblr-9106	79	53	level.23	level.23	PROPN
cblr-9106	79	54	however	however	ADV
cblr-9106	79	55	,	,	PUNCT
cblr-9106	79	56	investment	investment	NOUN
cblr-9106	79	57	in	in	ADP
cblr-9106	79	58	adaptation	adaptation	NOUN
cblr-9106	79	59	will	will	AUX
cblr-9106	79	60	not	not	PART
cblr-9106	79	61	affect	affect	VERB
cblr-9106	79	62	firms	firm	NOUN
cblr-9106	79	63	’	’	PART
cblr-9106	79	64	stock	stock	NOUN
cblr-9106	79	65	prices	price	NOUN
cblr-9106	79	66	unless	unless	SCONJ
cblr-9106	79	67	investors	investor	NOUN
cblr-9106	79	68	appreciate	appreciate	VERB
cblr-9106	79	69	and	and	CCONJ
cblr-9106	79	70	price	price	VERB
cblr-9106	79	71	the	the	DET
cblr-9106	79	72	risks	risk	NOUN
cblr-9106	79	73	and	and	CCONJ
cblr-9106	79	74	opportunities	opportunity	NOUN
cblr-9106	79	75	associated	associate	VERB
cblr-9106	79	76	with	with	ADP
cblr-9106	79	77	climate	climate	NOUN
cblr-9106	79	78	change	change	NOUN
cblr-9106	79	79	for	for	ADP
cblr-9106	79	80	18	18	NUM
cblr-9106	79	81	see	see	NOUN
cblr-9106	79	82	,	,	PUNCT
cblr-9106	79	83	e.g.	e.g.	ADV
cblr-9106	79	84	,	,	PUNCT
cblr-9106	79	85	david	david	PROPN
cblr-9106	79	86	klenert	klenert	PROPN
cblr-9106	79	87	et	et	PROPN
cblr-9106	79	88	al	al	PROPN
cblr-9106	79	89	.	.	PROPN
cblr-9106	79	90	,	,	PUNCT
cblr-9106	79	91	perspective	perspective	NOUN
cblr-9106	79	92	,	,	PUNCT
cblr-9106	79	93	making	make	VERB
cblr-9106	79	94	carbon	carbon	NOUN
cblr-9106	79	95	pricing	pricing	NOUN
cblr-9106	79	96	work	work	NOUN
cblr-9106	79	97	for	for	ADP
cblr-9106	79	98	citizens	citizen	NOUN
cblr-9106	79	99	,	,	PUNCT
cblr-9106	79	100	8	8	NUM
cblr-9106	79	101	nature	nature	NOUN
cblr-9106	79	102	climate	climate	NOUN
cblr-9106	79	103	change	change	NOUN
cblr-9106	79	104	669	669	NUM
cblr-9106	79	105	,	,	PUNCT
cblr-9106	79	106	669	669	NUM
cblr-9106	79	107	,	,	PUNCT
cblr-9106	79	108	675	675	NUM
cblr-9106	79	109	(	(	PUNCT
cblr-9106	79	110	2018	2018	NUM
cblr-9106	79	111	)	)	PUNCT
cblr-9106	79	112	.	.	PUNCT
cblr-9106	80	1	19	19	NUM
cblr-9106	81	1	i	i	PRON
cblr-9106	81	2	d.	d.	PROPN
cblr-9106	81	3	at	at	ADP
cblr-9106	81	4	669	669	NUM
cblr-9106	81	5	;	;	PUNCT
cblr-9106	81	6	vitor	vitor	PROPN
cblr-9106	81	7	gaspar	gaspar	PROPN
cblr-9106	81	8	&	&	CCONJ
cblr-9106	81	9	ian	ian	PROPN
cblr-9106	81	10	parry	parry	PROPN
cblr-9106	81	11	,	,	PUNCT
cblr-9106	81	12	a	a	DET
cblr-9106	81	13	proposal	proposal	NOUN
cblr-9106	81	14	to	to	PART
cblr-9106	81	15	scale	scale	VERB
cblr-9106	81	16	up	up	ADP
cblr-9106	81	17	global	global	ADJ
cblr-9106	81	18	carbon	carbon	NOUN
cblr-9106	81	19	pricing	pricing	NOUN
cblr-9106	81	20	,	,	PUNCT
cblr-9106	81	21	imf	imf	PROPN
cblr-9106	81	22	blog	blog	PROPN
cblr-9106	81	23	(	(	PUNCT
cblr-9106	81	24	june	june	PROPN
cblr-9106	81	25	18	18	NUM
cblr-9106	81	26	,	,	PUNCT
cblr-9106	81	27	2021	2021	NUM
cblr-9106	81	28	)	)	PUNCT
cblr-9106	81	29	,	,	PUNCT
cblr-9106	81	30	https://blogs.imf.org/2021/06/18/a-proposal-to-scale-up-global-carbonpricing/	https://blogs.imf.org/2021/06/18/a-proposal-to-scale-up-global-carbonpricing/	VERB
cblr-9106	81	31	(	(	PUNCT
cblr-9106	81	32	on	on	ADP
cblr-9106	81	33	file	file	NOUN
cblr-9106	81	34	with	with	ADP
cblr-9106	81	35	the	the	DET
cblr-9106	81	36	columbia	columbia	PROPN
cblr-9106	81	37	business	business	PROPN
cblr-9106	81	38	law	law	PROPN
cblr-9106	81	39	review	review	PROPN
cblr-9106	81	40	)	)	PUNCT
cblr-9106	81	41	.	.	PUNCT
cblr-9106	82	1	20	20	NUM
cblr-9106	82	2	see	see	VERB
cblr-9106	82	3	chris	chris	PROPN
cblr-9106	82	4	mcgreal	mcgreal	PROPN
cblr-9106	82	5	,	,	PUNCT
cblr-9106	82	6	exxonmobil	exxonmobil	PROPN
cblr-9106	82	7	lobbyists	lobbyist	NOUN
cblr-9106	82	8	filmed	film	VERB
cblr-9106	82	9	saying	say	VERB
cblr-9106	82	10	oil	oil	NOUN
cblr-9106	82	11	giant	giant	NOUN
cblr-9106	82	12	’s	’s	PART
cblr-9106	82	13	support	support	NOUN
cblr-9106	82	14	for	for	ADP
cblr-9106	82	15	carbon	carbon	NOUN
cblr-9106	82	16	tax	tax	NOUN
cblr-9106	82	17	a	a	DET
cblr-9106	82	18	pr	pr	NOUN
cblr-9106	82	19	ploy	ploy	NOUN
cblr-9106	82	20	,	,	PUNCT
cblr-9106	82	21	guardian	guardian	NOUN
cblr-9106	82	22	(	(	PUNCT
cblr-9106	82	23	june	june	PROPN
cblr-9106	82	24	30	30	NUM
cblr-9106	82	25	,	,	PUNCT
cblr-9106	82	26	2021	2021	NUM
cblr-9106	82	27	,	,	PUNCT
cblr-9106	82	28	3:00	3:00	NUM
cblr-9106	82	29	pm	pm	NOUN
cblr-9106	82	30	)	)	PUNCT
cblr-9106	82	31	,	,	PUNCT
cblr-9106	82	32	https://www.theguardian.com/us-news/2021/jun/30/exxonmobil-lobbyistsoil-giant-carbon-tax-pr-ploy	https://www.theguardian.com/us-news/2021/jun/30/exxonmobil-lobbyistsoil-giant-carbon-tax-pr-ploy	VERB
cblr-9106	82	33	[	[	PUNCT
cblr-9106	82	34	https://perma.cc/qqf2-3zuk	https://perma.cc/qqf2-3zuk	PROPN
cblr-9106	82	35	]	]	PUNCT
cblr-9106	82	36	.	.	PUNCT
cblr-9106	83	1	21	21	NUM
cblr-9106	83	2	see	see	VERB
cblr-9106	83	3	maria	maria	PROPN
cblr-9106	83	4	l.	l.	PROPN
cblr-9106	83	5	banda	banda	PROPN
cblr-9106	83	6	,	,	PUNCT
cblr-9106	83	7	the	the	DET
cblr-9106	83	8	bottom	bottom	NOUN
cblr-9106	83	9	-	-	PUNCT
cblr-9106	83	10	up	up	ADP
cblr-9106	83	11	alternative	alternative	NOUN
cblr-9106	83	12	:	:	PUNCT
cblr-9106	83	13	the	the	DET
cblr-9106	83	14	mitigation	mitigation	NOUN
cblr-9106	83	15	potential	potential	NOUN
cblr-9106	83	16	of	of	ADP
cblr-9106	83	17	private	private	ADJ
cblr-9106	83	18	climate	climate	NOUN
cblr-9106	83	19	governance	governance	NOUN
cblr-9106	83	20	after	after	ADP
cblr-9106	83	21	the	the	DET
cblr-9106	83	22	paris	paris	PROPN
cblr-9106	83	23	agreement	agreement	NOUN
cblr-9106	83	24	,	,	PUNCT
cblr-9106	83	25	42	42	NUM
cblr-9106	83	26	harv	harv	NOUN
cblr-9106	83	27	.	.	PUNCT
cblr-9106	84	1	env’t	env’t	X
cblr-9106	84	2	l.	l.	PROPN
cblr-9106	84	3	rev	rev	PROPN
cblr-9106	84	4	.	.	PROPN
cblr-9106	84	5	325	325	NUM
cblr-9106	84	6	,	,	PUNCT
cblr-9106	84	7	340	340	NUM
cblr-9106	84	8	(	(	PUNCT
cblr-9106	84	9	2018	2018	NUM
cblr-9106	84	10	)	)	PUNCT
cblr-9106	84	11	(	(	PUNCT
cblr-9106	84	12	“	"	PUNCT
cblr-9106	84	13	where	where	SCONJ
cblr-9106	84	14	public	public	ADJ
cblr-9106	84	15	authorities	authority	NOUN
cblr-9106	84	16	have	have	AUX
cblr-9106	84	17	been	be	AUX
cblr-9106	84	18	unable	unable	ADJ
cblr-9106	84	19	,	,	PUNCT
cblr-9106	84	20	unwilling	unwilling	ADJ
cblr-9106	84	21	,	,	PUNCT
cblr-9106	84	22	or	or	CCONJ
cblr-9106	84	23	too	too	ADV
cblr-9106	84	24	slow	slow	ADJ
cblr-9106	84	25	to	to	PART
cblr-9106	84	26	act	act	VERB
cblr-9106	84	27	,	,	PUNCT
cblr-9106	84	28	private	private	ADJ
cblr-9106	84	29	actors	actor	NOUN
cblr-9106	84	30	have	have	AUX
cblr-9106	84	31	at	at	ADP
cblr-9106	84	32	times	time	NOUN
cblr-9106	84	33	filled	fill	VERB
cblr-9106	84	34	the	the	DET
cblr-9106	84	35	regulatory	regulatory	ADJ
cblr-9106	84	36	gap	gap	NOUN
cblr-9106	84	37	[	[	X
cblr-9106	84	38	.	.	X
cblr-9106	84	39	]	]	X
cblr-9106	84	40	”	"	PUNCT
cblr-9106	84	41	)	)	PUNCT
cblr-9106	84	42	.	.	PUNCT
cblr-9106	85	1	in	in	ADP
cblr-9106	85	2	fact	fact	NOUN
cblr-9106	85	3	,	,	PUNCT
cblr-9106	85	4	the	the	DET
cblr-9106	85	5	paris	paris	PROPN
cblr-9106	85	6	agreement	agreement	NOUN
cblr-9106	85	7	takes	take	VERB
cblr-9106	85	8	a	a	DET
cblr-9106	85	9	bottom	bottom	ADJ
cblr-9106	85	10	-	-	PUNCT
cblr-9106	85	11	up	up	ADP
cblr-9106	85	12	approach	approach	NOUN
cblr-9106	85	13	.	.	PUNCT
cblr-9106	86	1	i	i	PRON
cblr-9106	86	2	d.	d.	PROPN
cblr-9106	86	3	at	at	ADP
cblr-9106	86	4	327	327	NUM
cblr-9106	86	5	.	.	PUNCT
cblr-9106	87	1	22	22	NUM
cblr-9106	87	2	see	see	VERB
cblr-9106	87	3	frances	frances	PROPN
cblr-9106	87	4	g.	g.	PROPN
cblr-9106	87	5	sussman	sussman	PROPN
cblr-9106	87	6	&	&	CCONJ
cblr-9106	87	7	j.	j.	PROPN
cblr-9106	87	8	randall	randall	PROPN
cblr-9106	87	9	freed	free	VERB
cblr-9106	87	10	,	,	PUNCT
cblr-9106	87	11	adapting	adapt	VERB
cblr-9106	87	12	to	to	ADP
cblr-9106	87	13	climate	climate	NOUN
cblr-9106	87	14	change	change	NOUN
cblr-9106	87	15	:	:	PUNCT
cblr-9106	87	16	a	a	DET
cblr-9106	87	17	business	business	NOUN
cblr-9106	87	18	approach	approach	NOUN
cblr-9106	87	19	4	4	NUM
cblr-9106	87	20	(	(	PUNCT
cblr-9106	87	21	2008	2008	NUM
cblr-9106	87	22	)	)	PUNCT
cblr-9106	87	23	.	.	PUNCT
cblr-9106	88	1	23	23	NUM
cblr-9106	89	1	i	i	PRON
cblr-9106	89	2	d.	d.	VERB
cblr-9106	89	3	at	at	ADP
cblr-9106	89	4	7–10	7–10	PROPN
cblr-9106	89	5	.	.	PUNCT
cblr-9106	90	1	1092	1092	NUM
cblr-9106	90	2	columbia	columbia	PROPN
cblr-9106	90	3	business	business	PROPN
cblr-9106	90	4	law	law	PROPN
cblr-9106	90	5	review	review	NOUN
cblr-9106	90	6	[	[	X
cblr-9106	90	7	vol	vol	NOUN
cblr-9106	90	8	.	.	PUNCT
cblr-9106	90	9	2021	2021	NUM
cblr-9106	90	10	particular	particular	ADJ
cblr-9106	90	11	firms.24	firms.24	NOUN
cblr-9106	90	12	yet	yet	ADV
cblr-9106	90	13	,	,	PUNCT
cblr-9106	90	14	to	to	PART
cblr-9106	90	15	do	do	VERB
cblr-9106	90	16	so	so	ADV
cblr-9106	90	17	investors	investor	NOUN
cblr-9106	90	18	need	need	VERB
cblr-9106	90	19	information	information	NOUN
cblr-9106	90	20	about	about	ADP
cblr-9106	90	21	companies	company	NOUN
cblr-9106	90	22	’	’	PART
cblr-9106	90	23	climate	climate	NOUN
cblr-9106	90	24	risk	risk	NOUN
cblr-9106	90	25	exposures	exposure	VERB
cblr-9106	90	26	that	that	SCONJ
cblr-9106	90	27	they	they	PRON
cblr-9106	90	28	currently	currently	ADV
cblr-9106	90	29	lack.25	lack.25	VERB
cblr-9106	90	30	the	the	DET
cblr-9106	90	31	result	result	NOUN
cblr-9106	90	32	is	be	AUX
cblr-9106	90	33	mispricing26	mispricing26	ADJ
cblr-9106	90	34	and	and	CCONJ
cblr-9106	90	35	a	a	DET
cblr-9106	90	36	resulting	result	VERB
cblr-9106	90	37	misallocation	misallocation	NOUN
cblr-9106	90	38	of	of	ADP
cblr-9106	90	39	capital,27	capital,27	NOUN
cblr-9106	90	40	which	which	PRON
cblr-9106	90	41	harms	harm	VERB
cblr-9106	90	42	investors	investor	NOUN
cblr-9106	90	43	and	and	CCONJ
cblr-9106	90	44	hampers	hamper	VERB
cblr-9106	90	45	the	the	DET
cblr-9106	90	46	transition	transition	NOUN
cblr-9106	90	47	to	to	ADP
cblr-9106	90	48	a	a	DET
cblr-9106	90	49	net	net	ADJ
cblr-9106	90	50	-	-	PUNCT
cblr-9106	90	51	zero	zero	NUM
cblr-9106	90	52	economy	economy	NOUN
cblr-9106	90	53	.	.	PUNCT
cblr-9106	91	1	the	the	DET
cblr-9106	91	2	paris	paris	PROPN
cblr-9106	91	3	agreement	agreement	NOUN
cblr-9106	91	4	and	and	CCONJ
cblr-9106	91	5	net	net	ADJ
cblr-9106	91	6	-	-	PUNCT
cblr-9106	91	7	zero	zero	NUM
cblr-9106	91	8	targets	target	NOUN
cblr-9106	91	9	are	be	AUX
cblr-9106	91	10	primarily	primarily	ADV
cblr-9106	91	11	concerned	concerned	ADJ
cblr-9106	91	12	with	with	ADP
cblr-9106	91	13	mitigation	mitigation	NOUN
cblr-9106	91	14	of	of	ADP
cblr-9106	91	15	climate	climate	NOUN
cblr-9106	91	16	change	change	NOUN
cblr-9106	91	17	—	—	PUNCT
cblr-9106	91	18	that	that	ADV
cblr-9106	91	19	is	is	ADV
cblr-9106	91	20	,	,	PUNCT
cblr-9106	91	21	lowering	lower	VERB
cblr-9106	91	22	carbon	carbon	NOUN
cblr-9106	91	23	emissions	emission	NOUN
cblr-9106	91	24	to	to	PART
cblr-9106	91	25	reduce	reduce	VERB
cblr-9106	91	26	the	the	DET
cblr-9106	91	27	extent	extent	NOUN
cblr-9106	91	28	of	of	ADP
cblr-9106	91	29	global	global	ADJ
cblr-9106	91	30	warming	warming	NOUN
cblr-9106	91	31	.	.	PUNCT
cblr-9106	92	1	here	here	ADV
cblr-9106	92	2	,	,	PUNCT
cblr-9106	92	3	the	the	DET
cblr-9106	92	4	firm	firm	ADJ
cblr-9106	92	5	-	-	PUNCT
cblr-9106	92	6	level	level	NOUN
cblr-9106	92	7	incentives	incentive	NOUN
cblr-9106	92	8	are	be	AUX
cblr-9106	92	9	less	less	ADV
cblr-9106	92	10	obvious	obvious	ADJ
cblr-9106	92	11	.	.	PUNCT
cblr-9106	93	1	this	this	PRON
cblr-9106	93	2	is	be	AUX
cblr-9106	93	3	because	because	SCONJ
cblr-9106	93	4	the	the	DET
cblr-9106	93	5	distribution	distribution	NOUN
cblr-9106	93	6	of	of	ADP
cblr-9106	93	7	emissions	emission	NOUN
cblr-9106	93	8	at	at	ADP
cblr-9106	93	9	the	the	DET
cblr-9106	93	10	firm	firm	ADJ
cblr-9106	93	11	level	level	NOUN
cblr-9106	93	12	is	be	AUX
cblr-9106	93	13	highly	highly	ADV
cblr-9106	93	14	skewed	skewed	ADJ
cblr-9106	93	15	:	:	PUNCT
cblr-9106	93	16	a	a	DET
cblr-9106	93	17	small	small	ADJ
cblr-9106	93	18	number	number	NOUN
cblr-9106	93	19	of	of	ADP
cblr-9106	93	20	firms	firm	NOUN
cblr-9106	93	21	are	be	AUX
cblr-9106	93	22	disproportionately	disproportionately	ADV
cblr-9106	93	23	responsible	responsible	ADJ
cblr-9106	93	24	for	for	ADP
cblr-9106	93	25	a	a	DET
cblr-9106	93	26	large	large	ADJ
cblr-9106	93	27	share	share	NOUN
cblr-9106	93	28	of	of	ADP
cblr-9106	93	29	overall	overall	ADJ
cblr-9106	93	30	emissions.28	emissions.28	NOUN
cblr-9106	93	31	for	for	ADP
cblr-9106	93	32	these	these	DET
cblr-9106	93	33	firms	firm	NOUN
cblr-9106	93	34	,	,	PUNCT
cblr-9106	93	35	the	the	DET
cblr-9106	93	36	emissions	emission	NOUN
cblr-9106	93	37	are	be	AUX
cblr-9106	93	38	externalities	externality	NOUN
cblr-9106	93	39	that	that	PRON
cblr-9106	93	40	do	do	AUX
cblr-9106	93	41	not	not	PART
cblr-9106	93	42	affect	affect	VERB
cblr-9106	93	43	their	their	PRON
cblr-9106	93	44	profits	profit	NOUN
cblr-9106	93	45	unless	unless	SCONJ
cblr-9106	93	46	and	and	CCONJ
cblr-9106	93	47	until	until	SCONJ
cblr-9106	93	48	carbon	carbon	NOUN
cblr-9106	93	49	taxes	taxis	NOUN
cblr-9106	93	50	are	be	AUX
cblr-9106	93	51	introduced	introduce	VERB
cblr-9106	93	52	—	—	PUNCT
cblr-9106	93	53	which	which	PRON
cblr-9106	93	54	,	,	PUNCT
cblr-9106	93	55	as	as	SCONJ
cblr-9106	93	56	we	we	PRON
cblr-9106	93	57	have	have	AUX
cblr-9106	93	58	discussed	discuss	VERB
cblr-9106	93	59	,	,	PUNCT
cblr-9106	93	60	currently	currently	ADV
cblr-9106	93	61	seems	seem	VERB
cblr-9106	93	62	unlikely	unlikely	ADJ
cblr-9106	93	63	.	.	PUNCT
cblr-9106	94	1	more	more	ADJ
cblr-9106	94	2	disclosures	disclosure	NOUN
cblr-9106	94	3	may	may	AUX
cblr-9106	94	4	,	,	PUNCT
cblr-9106	94	5	however	however	ADV
cblr-9106	94	6	,	,	PUNCT
cblr-9106	94	7	channel	channel	NOUN
cblr-9106	94	8	engagement	engagement	NOUN
cblr-9106	94	9	from	from	ADP
cblr-9106	94	10	investors	investor	NOUN
cblr-9106	94	11	who	who	PRON
cblr-9106	94	12	have	have	VERB
cblr-9106	94	13	an	an	DET
cblr-9106	94	14	interest	interest	NOUN
cblr-9106	94	15	—	—	PUNCT
cblr-9106	94	16	financial	financial	ADJ
cblr-9106	94	17	or	or	CCONJ
cblr-9106	94	18	otherwise	otherwise	ADV
cblr-9106	94	19	—	—	PUNCT
cblr-9106	94	20	in	in	ADP
cblr-9106	94	21	controlling	control	VERB
cblr-9106	94	22	these	these	DET
cblr-9106	94	23	externalities	externality	NOUN
cblr-9106	94	24	.	.	PUNCT
cblr-9106	95	1	these	these	PRON
cblr-9106	95	2	could	could	AUX
cblr-9106	95	3	24	24	NUM
cblr-9106	95	4	see	see	VERB
cblr-9106	95	5	,	,	PUNCT
cblr-9106	95	6	e.g.	e.g.	ADV
cblr-9106	95	7	,	,	PUNCT
cblr-9106	95	8	mark	mark	PROPN
cblr-9106	95	9	carney	carney	PROPN
cblr-9106	95	10	,	,	PUNCT
cblr-9106	95	11	governor	governor	NOUN
cblr-9106	95	12	,	,	PUNCT
cblr-9106	95	13	bank	bank	PROPN
cblr-9106	95	14	of	of	ADP
cblr-9106	95	15	eng	eng	PROPN
cblr-9106	95	16	.	.	PROPN
cblr-9106	95	17	,	,	PUNCT
cblr-9106	95	18	chairman	chairman	NOUN
cblr-9106	95	19	,	,	PUNCT
cblr-9106	95	20	fin	fin	PROPN
cblr-9106	95	21	.	.	PUNCT
cblr-9106	96	1	stability	stability	PROPN
cblr-9106	96	2	bd	bd	PROPN
cblr-9106	96	3	.	.	PROPN
cblr-9106	96	4	,	,	PUNCT
cblr-9106	96	5	address	address	NOUN
cblr-9106	96	6	at	at	ADP
cblr-9106	96	7	lloyd	lloyd	PROPN
cblr-9106	96	8	’s	’s	PROPN
cblr-9106	96	9	of	of	ADP
cblr-9106	96	10	london	london	PROPN
cblr-9106	96	11	:	:	PUNCT
cblr-9106	96	12	breaking	break	VERB
cblr-9106	96	13	the	the	DET
cblr-9106	96	14	tragedy	tragedy	NOUN
cblr-9106	96	15	of	of	ADP
cblr-9106	96	16	the	the	DET
cblr-9106	96	17	horizon	horizon	NOUN
cblr-9106	96	18	–	–	PUNCT
cblr-9106	96	19	climate	climate	NOUN
cblr-9106	96	20	change	change	NOUN
cblr-9106	96	21	and	and	CCONJ
cblr-9106	96	22	financial	financial	ADJ
cblr-9106	96	23	stability	stability	NOUN
cblr-9106	96	24	12–13	12–13	NUM
cblr-9106	96	25	(	(	PUNCT
cblr-9106	96	26	sept	sept	PROPN
cblr-9106	96	27	.	.	PROPN
cblr-9106	96	28	29	29	NUM
cblr-9106	96	29	,	,	PUNCT
cblr-9106	96	30	2015	2015	NUM
cblr-9106	96	31	)	)	PUNCT
cblr-9106	96	32	,	,	PUNCT
cblr-9106	96	33	https://www.bankofengland.co.uk/-/media/boe/files/speech/2015/breakingthe-tragedy-of-the-horizon-climate-change-and-financial-stability.pdf	https://www.bankofengland.co.uk/-/media/boe/files/speech/2015/breakingthe-tragedy-of-the-horizon-climate-change-and-financial-stability.pdf	NOUN
cblr-9106	96	34	[	[	X
cblr-9106	96	35	https://perma.cc/7teq-lzax	https://perma.cc/7teq-lzax	X
cblr-9106	96	36	]	]	PUNCT
cblr-9106	96	37	.	.	PUNCT
cblr-9106	97	1	25	25	NUM
cblr-9106	97	2	see	see	VERB
cblr-9106	97	3	,	,	PUNCT
cblr-9106	97	4	e.g.	e.g.	ADV
cblr-9106	97	5	,	,	PUNCT
cblr-9106	97	6	madison	madison	PROPN
cblr-9106	97	7	condon	condon	PROPN
cblr-9106	97	8	,	,	PUNCT
cblr-9106	97	9	market	market	NOUN
cblr-9106	97	10	myopia	myopia	NOUN
cblr-9106	97	11	’s	’s	PART
cblr-9106	97	12	climate	climate	NOUN
cblr-9106	97	13	bubble	bubble	NOUN
cblr-9106	97	14	,	,	PUNCT
cblr-9106	97	15	utah	utah	PROPN
cblr-9106	97	16	l.	l.	PROPN
cblr-9106	97	17	rev	rev	PROPN
cblr-9106	97	18	.	.	PUNCT
cblr-9106	98	1	(	(	PUNCT
cblr-9106	98	2	forthcoming	forthcoming	ADJ
cblr-9106	98	3	2021	2021	NUM
cblr-9106	98	4	)	)	PUNCT
cblr-9106	98	5	(	(	PUNCT
cblr-9106	98	6	manuscript	manuscript	NOUN
cblr-9106	98	7	at	at	ADP
cblr-9106	98	8	1	1	NUM
cblr-9106	98	9	)	)	PUNCT
cblr-9106	98	10	,	,	PUNCT
cblr-9106	98	11	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3782675	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3782675	PROPN
cblr-9106	98	12	(	(	PUNCT
cblr-9106	98	13	on	on	ADP
cblr-9106	98	14	file	file	NOUN
cblr-9106	98	15	with	with	ADP
cblr-9106	98	16	the	the	DET
cblr-9106	98	17	columbia	columbia	PROPN
cblr-9106	98	18	business	business	PROPN
cblr-9106	98	19	law	law	PROPN
cblr-9106	98	20	review	review	PROPN
cblr-9106	98	21	)	)	PUNCT
cblr-9106	98	22	.	.	PUNCT
cblr-9106	99	1	26	26	NUM
cblr-9106	99	2	e.g.	e.g.	ADV
cblr-9106	99	3	,	,	PUNCT
cblr-9106	99	4	i	i	PROPN
cblr-9106	99	5	d.	d.	PROPN
cblr-9106	99	6	;	;	PUNCT
cblr-9106	99	7	zacharias	zacharias	PROPN
cblr-9106	99	8	sautner	sautner	PROPN
cblr-9106	99	9	et	et	PROPN
cblr-9106	99	10	al	al	PROPN
cblr-9106	99	11	.	.	PROPN
cblr-9106	99	12	,	,	PUNCT
cblr-9106	99	13	pricing	price	VERB
cblr-9106	99	14	climate	climate	NOUN
cblr-9106	99	15	change	change	NOUN
cblr-9106	99	16	exposure	exposure	NOUN
cblr-9106	99	17	31	31	NUM
cblr-9106	99	18	(	(	PUNCT
cblr-9106	99	19	trr	trr	NOUN
cblr-9106	99	20	266	266	NUM
cblr-9106	99	21	accounting	account	VERB
cblr-9106	99	22	for	for	ADP
cblr-9106	99	23	transparency	transparency	NOUN
cblr-9106	99	24	working	working	NOUN
cblr-9106	99	25	paper	paper	NOUN
cblr-9106	99	26	series	series	NOUN
cblr-9106	99	27	,	,	PUNCT
cblr-9106	99	28	working	work	VERB
cblr-9106	99	29	paper	paper	NOUN
cblr-9106	99	30	no	no	INTJ
cblr-9106	99	31	.	.	PROPN
cblr-9106	99	32	49	49	NUM
cblr-9106	99	33	,	,	PUNCT
cblr-9106	99	34	2021	2021	NUM
cblr-9106	99	35	)	)	PUNCT
cblr-9106	99	36	,	,	PUNCT
cblr-9106	99	37	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3792366	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3792366	PROPN
cblr-9106	99	38	(	(	PUNCT
cblr-9106	99	39	on	on	ADP
cblr-9106	99	40	file	file	NOUN
cblr-9106	99	41	with	with	ADP
cblr-9106	99	42	the	the	DET
cblr-9106	99	43	columbia	columbia	PROPN
cblr-9106	99	44	business	business	PROPN
cblr-9106	99	45	law	law	PROPN
cblr-9106	99	46	review	review	PROPN
cblr-9106	99	47	)	)	PUNCT
cblr-9106	99	48	;	;	PUNCT
cblr-9106	99	49	emirhan	emirhan	PROPN
cblr-9106	99	50	ilhan	ilhan	PROPN
cblr-9106	99	51	,	,	PUNCT
cblr-9106	99	52	zacharias	zacharias	PROPN
cblr-9106	99	53	sautner	sautner	PROPN
cblr-9106	99	54	&	&	CCONJ
cblr-9106	99	55	grigory	grigory	PROPN
cblr-9106	99	56	vilkov	vilkov	NOUN
cblr-9106	99	57	,	,	PUNCT
cblr-9106	99	58	carbon	carbon	NOUN
cblr-9106	99	59	tail	tail	NOUN
cblr-9106	99	60	risk	risk	NOUN
cblr-9106	99	61	,	,	PUNCT
cblr-9106	99	62	34	34	NUM
cblr-9106	99	63	rev	rev	X
cblr-9106	99	64	.	.	PROPN
cblr-9106	99	65	fin	fin	PROPN
cblr-9106	99	66	.	.	PUNCT
cblr-9106	99	67	stud	stud	PROPN
cblr-9106	99	68	.	.	PUNCT
cblr-9106	100	1	1540	1540	NUM
cblr-9106	100	2	,	,	PUNCT
cblr-9106	100	3	1541	1541	NUM
cblr-9106	100	4	(	(	PUNCT
cblr-9106	100	5	2021	2021	NUM
cblr-9106	100	6	)	)	PUNCT
cblr-9106	100	7	.	.	PUNCT
cblr-9106	101	1	27	27	NUM
cblr-9106	101	2	see	see	VERB
cblr-9106	101	3	,	,	PUNCT
cblr-9106	101	4	e.g.	e.g.	ADV
cblr-9106	101	5	,	,	PUNCT
cblr-9106	101	6	j.-f	j.-f	NOUN
cblr-9106	101	7	.	.	PUNCT
cblr-9106	102	1	mercure	mercure	NOUN
cblr-9106	102	2	et	et	PROPN
cblr-9106	102	3	al	al	PROPN
cblr-9106	102	4	.	.	PROPN
cblr-9106	102	5	,	,	PUNCT
cblr-9106	102	6	letters	letter	NOUN
cblr-9106	102	7	,	,	PUNCT
cblr-9106	102	8	macroeconomic	macroeconomic	ADJ
cblr-9106	102	9	impact	impact	NOUN
cblr-9106	102	10	of	of	ADP
cblr-9106	102	11	stranded	strand	VERB
cblr-9106	102	12	fossil	fossil	NOUN
cblr-9106	102	13	fuel	fuel	NOUN
cblr-9106	102	14	assets	asset	NOUN
cblr-9106	102	15	,	,	PUNCT
cblr-9106	102	16	8	8	NUM
cblr-9106	102	17	nature	nature	NOUN
cblr-9106	102	18	climate	climate	NOUN
cblr-9106	102	19	change	change	NOUN
cblr-9106	102	20	,	,	PUNCT
cblr-9106	102	21	588	588	NUM
cblr-9106	102	22	,	,	PUNCT
cblr-9106	102	23	588–93	588–93	NUM
cblr-9106	102	24	(	(	PUNCT
cblr-9106	102	25	2018	2018	NUM
cblr-9106	102	26	)	)	PUNCT
cblr-9106	102	27	.	.	PUNCT
cblr-9106	103	1	28	28	NUM
cblr-9106	103	2	see	see	VERB
cblr-9106	103	3	douglas	douglas	PROPN
cblr-9106	103	4	starr	starr	PROPN
cblr-9106	103	5	,	,	PUNCT
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cblr-9106	103	7	90	90	NUM
cblr-9106	103	8	companies	company	NOUN
cblr-9106	103	9	are	be	AUX
cblr-9106	103	10	to	to	PART
cblr-9106	103	11	blame	blame	VERB
cblr-9106	103	12	for	for	ADP
cblr-9106	103	13	most	most	ADJ
cblr-9106	103	14	climate	climate	NOUN
cblr-9106	103	15	change	change	NOUN
cblr-9106	103	16	,	,	PUNCT
cblr-9106	103	17	this	this	DET
cblr-9106	103	18	‘	'	PUNCT
cblr-9106	103	19	carbon	carbon	NOUN
cblr-9106	103	20	accountant	accountant	NOUN
cblr-9106	103	21	’	'	PUNCT
cblr-9106	103	22	says	say	VERB
cblr-9106	103	23	,	,	PUNCT
cblr-9106	103	24	sci	sci	PROPN
cblr-9106	103	25	.	.	PUNCT
cblr-9106	104	1	(	(	PUNCT
cblr-9106	104	2	aug	aug	PROPN
cblr-9106	104	3	.	.	PROPN
cblr-9106	104	4	25	25	NUM
cblr-9106	104	5	,	,	PUNCT
cblr-9106	104	6	2016	2016	NUM
cblr-9106	104	7	)	)	PUNCT
cblr-9106	104	8	,	,	PUNCT
cblr-9106	104	9	https://www.science.org/news/2016/08/just-90-companies-are-blame-mostclimate-change-carbon-accountant-says	https://www.science.org/news/2016/08/just-90-companies-are-blame-mostclimate-change-carbon-accountant-say	VERB
cblr-9106	105	1	[	[	X
cblr-9106	105	2	https://perma.cc/c3m5-dxww	https://perma.cc/c3m5-dxww	NOUN
cblr-9106	105	3	]	]	PUNCT
cblr-9106	105	4	.	.	PUNCT
cblr-9106	106	1	no	no	INTJ
cblr-9106	106	2	.	.	NOUN
cblr-9106	107	1	3:1085	3:1085	NUM
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cblr-9106	107	3	mandatory	mandatory	ADJ
cblr-9106	107	4	corporate	corporate	ADJ
cblr-9106	107	5	climate	climate	NOUN
cblr-9106	107	6	disclosures	disclosure	NOUN
cblr-9106	107	7	1093	1093	NUM
cblr-9106	107	8	include	include	VERB
cblr-9106	107	9	index	index	NOUN
cblr-9106	107	10	funds	fund	NOUN
cblr-9106	107	11	,	,	PUNCT
cblr-9106	107	12	which	which	PRON
cblr-9106	107	13	stand	stand	VERB
cblr-9106	107	14	to	to	PART
cblr-9106	107	15	suffer	suffer	VERB
cblr-9106	107	16	financially	financially	ADV
cblr-9106	107	17	from	from	ADP
cblr-9106	107	18	the	the	DET
cblr-9106	107	19	externalities,29	externalities,29	PROPN
cblr-9106	107	20	and	and	CCONJ
cblr-9106	107	21	environmental	environmental	ADJ
cblr-9106	107	22	,	,	PUNCT
cblr-9106	107	23	social	social	ADJ
cblr-9106	107	24	,	,	PUNCT
cblr-9106	107	25	and	and	CCONJ
cblr-9106	107	26	corporate	corporate	ADJ
cblr-9106	107	27	governance	governance	NOUN
cblr-9106	107	28	(	(	PUNCT
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cblr-9106	107	30	)	)	PUNCT
cblr-9106	107	31	funds	fund	NOUN
cblr-9106	107	32	,	,	PUNCT
cblr-9106	107	33	whose	whose	DET
cblr-9106	107	34	end	end	NOUN
cblr-9106	107	35	-	-	PUNCT
cblr-9106	107	36	investors	investor	NOUN
cblr-9106	107	37	may	may	AUX
cblr-9106	107	38	be	be	AUX
cblr-9106	107	39	willing	willing	ADJ
cblr-9106	107	40	to	to	PART
cblr-9106	107	41	trade	trade	VERB
cblr-9106	107	42	off	off	ADP
cblr-9106	107	43	some	some	DET
cblr-9106	107	44	level	level	NOUN
cblr-9106	107	45	of	of	ADP
cblr-9106	107	46	financial	financial	ADJ
cblr-9106	107	47	returns	return	NOUN
cblr-9106	107	48	against	against	ADP
cblr-9106	107	49	progress	progress	NOUN
cblr-9106	107	50	in	in	ADP
cblr-9106	107	51	emissions	emission	NOUN
cblr-9106	107	52	reduction.30	reduction.30	VERB
cblr-9106	107	53	climate	climate	NOUN
cblr-9106	107	54	risk	risk	NOUN
cblr-9106	107	55	pricing	pricing	NOUN
cblr-9106	107	56	is	be	AUX
cblr-9106	107	57	still	still	ADV
cblr-9106	107	58	in	in	ADP
cblr-9106	107	59	its	its	PRON
cblr-9106	107	60	infancy	infancy	NOUN
cblr-9106	107	61	and	and	CCONJ
cblr-9106	107	62	is	be	AUX
cblr-9106	107	63	rapidly	rapidly	ADV
cblr-9106	107	64	evolving	evolve	VERB
cblr-9106	107	65	.	.	PUNCT
cblr-9106	108	1	this	this	PRON
cblr-9106	108	2	makes	make	VERB
cblr-9106	108	3	it	it	PRON
cblr-9106	108	4	difficult	difficult	ADJ
cblr-9106	108	5	to	to	PART
cblr-9106	108	6	define	define	VERB
cblr-9106	108	7	what	what	PRON
cblr-9106	108	8	types	type	NOUN
cblr-9106	108	9	of	of	ADP
cblr-9106	108	10	information	information	NOUN
cblr-9106	108	11	would	would	AUX
cblr-9106	108	12	need	need	VERB
cblr-9106	108	13	to	to	PART
cblr-9106	108	14	be	be	AUX
cblr-9106	108	15	available	available	ADJ
cblr-9106	108	16	for	for	ADP
cblr-9106	108	17	effective	effective	ADJ
cblr-9106	108	18	pricing	pricing	NOUN
cblr-9106	108	19	by	by	ADP
cblr-9106	108	20	investors	investor	NOUN
cblr-9106	108	21	,	,	PUNCT
cblr-9106	108	22	and	and	CCONJ
cblr-9106	108	23	through	through	ADP
cblr-9106	108	24	what	what	DET
cblr-9106	108	25	channels	channel	NOUN
cblr-9106	108	26	.	.	PUNCT
cblr-9106	109	1	we	we	PRON
cblr-9106	109	2	do	do	AUX
cblr-9106	109	3	not	not	PART
cblr-9106	109	4	yet	yet	ADV
cblr-9106	109	5	fully	fully	ADV
cblr-9106	109	6	understand	understand	VERB
cblr-9106	109	7	the	the	DET
cblr-9106	109	8	nature	nature	NOUN
cblr-9106	109	9	of	of	ADP
cblr-9106	109	10	climate	climate	NOUN
cblr-9106	109	11	risks	risk	NOUN
cblr-9106	109	12	or	or	CCONJ
cblr-9106	109	13	how	how	SCONJ
cblr-9106	109	14	to	to	PART
cblr-9106	109	15	quantify	quantify	VERB
cblr-9106	109	16	them	they	PRON
cblr-9106	109	17	in	in	ADP
cblr-9106	109	18	financial	financial	ADJ
cblr-9106	109	19	terms	term	NOUN
cblr-9106	109	20	.	.	PUNCT
cblr-9106	110	1	this	this	PRON
cblr-9106	110	2	makes	make	VERB
cblr-9106	110	3	it	it	PRON
cblr-9106	110	4	hard	hard	ADJ
cblr-9106	110	5	to	to	PART
cblr-9106	110	6	specify	specify	VERB
cblr-9106	110	7	with	with	ADP
cblr-9106	110	8	any	any	DET
cblr-9106	110	9	certainty	certainty	NOUN
cblr-9106	110	10	the	the	DET
cblr-9106	110	11	scope	scope	NOUN
cblr-9106	110	12	of	of	ADP
cblr-9106	110	13	information	information	NOUN
cblr-9106	110	14	relevant	relevant	ADJ
cblr-9106	110	15	to	to	ADP
cblr-9106	110	16	assessing	assess	VERB
cblr-9106	110	17	these	these	DET
cblr-9106	110	18	risks	risk	NOUN
cblr-9106	110	19	.	.	PUNCT
cblr-9106	111	1	and	and	CCONJ
cblr-9106	111	2	for	for	ADP
cblr-9106	111	3	information	information	NOUN
cblr-9106	111	4	we	we	PRON
cblr-9106	111	5	can	can	AUX
cblr-9106	111	6	agree	agree	VERB
cblr-9106	111	7	to	to	PART
cblr-9106	111	8	be	be	AUX
cblr-9106	111	9	withinscope	withinscope	NOUN
cblr-9106	111	10	,	,	PUNCT
cblr-9106	111	11	there	there	PRON
cblr-9106	111	12	is	be	VERB
cblr-9106	111	13	a	a	DET
cblr-9106	111	14	further	further	ADJ
cblr-9106	111	15	question	question	NOUN
cblr-9106	111	16	:	:	PUNCT
cblr-9106	111	17	how	how	SCONJ
cblr-9106	111	18	best	good	ADJ
cblr-9106	111	19	to	to	PART
cblr-9106	111	20	produce	produce	VERB
cblr-9106	111	21	it	it	PRON
cblr-9106	111	22	.	.	PUNCT
cblr-9106	112	1	to	to	PART
cblr-9106	112	2	be	be	AUX
cblr-9106	112	3	sure	sure	ADJ
cblr-9106	112	4	,	,	PUNCT
cblr-9106	112	5	much	much	ADJ
cblr-9106	112	6	information	information	NOUN
cblr-9106	112	7	can	can	AUX
cblr-9106	112	8	be	be	AUX
cblr-9106	112	9	disseminated	disseminate	VERB
cblr-9106	112	10	without	without	ADP
cblr-9106	112	11	any	any	DET
cblr-9106	112	12	action	action	NOUN
cblr-9106	112	13	by	by	ADP
cblr-9106	112	14	companies.31	companies.31	NOUN
cblr-9106	112	15	but	but	CCONJ
cblr-9106	112	16	the	the	DET
cblr-9106	112	17	decision	decision	NOUN
cblr-9106	112	18	-	-	PUNCT
cblr-9106	112	19	relevant	relevant	ADJ
cblr-9106	112	20	information	information	NOUN
cblr-9106	112	21	set	set	NOUN
cblr-9106	112	22	would	would	AUX
cblr-9106	112	23	be	be	AUX
cblr-9106	112	24	highly	highly	ADV
cblr-9106	112	25	incomplete	incomplete	ADJ
cblr-9106	112	26	without	without	ADP
cblr-9106	112	27	private	private	ADJ
cblr-9106	112	28	corporate	corporate	ADJ
cblr-9106	112	29	information	information	NOUN
cblr-9106	112	30	,	,	PUNCT
cblr-9106	112	31	which	which	PRON
cblr-9106	112	32	few	few	ADJ
cblr-9106	112	33	firms	firm	NOUN
cblr-9106	112	34	share	share	VERB
cblr-9106	112	35	voluntarily	voluntarily	ADV
cblr-9106	112	36	.	.	PUNCT
cblr-9106	113	1	this	this	PRON
cblr-9106	113	2	calls	call	VERB
cblr-9106	113	3	attention	attention	NOUN
cblr-9106	113	4	to	to	ADP
cblr-9106	113	5	the	the	DET
cblr-9106	113	6	importance	importance	NOUN
cblr-9106	113	7	of	of	ADP
cblr-9106	113	8	mandatory	mandatory	ADJ
cblr-9106	113	9	corporate	corporate	ADJ
cblr-9106	113	10	climate	climate	NOUN
cblr-9106	113	11	disclosures	disclosure	NOUN
cblr-9106	113	12	.	.	PUNCT
cblr-9106	114	1	the	the	DET
cblr-9106	114	2	widely	widely	ADV
cblr-9106	114	3	accepted	accept	VERB
cblr-9106	114	4	rationales	rationale	NOUN
cblr-9106	114	5	for	for	ADP
cblr-9106	114	6	mandating	mandate	VERB
cblr-9106	114	7	corporate	corporate	ADJ
cblr-9106	114	8	disclosures	disclosure	NOUN
cblr-9106	114	9	in	in	ADP
cblr-9106	114	10	securities	security	NOUN
cblr-9106	114	11	markets	market	NOUN
cblr-9106	114	12	are	be	AUX
cblr-9106	114	13	two	two	NUM
cblr-9106	114	14	-	-	PUNCT
cblr-9106	114	15	fold	fold	ADJ
cblr-9106	114	16	.	.	PUNCT
cblr-9106	115	1	first	first	ADV
cblr-9106	115	2	,	,	PUNCT
cblr-9106	115	3	issuers	issuer	NOUN
cblr-9106	115	4	and	and	CCONJ
cblr-9106	115	5	their	their	PRON
cblr-9106	115	6	agents	agent	NOUN
cblr-9106	115	7	,	,	PUNCT
cblr-9106	115	8	left	leave	VERB
cblr-9106	115	9	to	to	ADP
cblr-9106	115	10	their	their	PRON
cblr-9106	115	11	own	own	ADJ
cblr-9106	115	12	devices	device	NOUN
cblr-9106	115	13	,	,	PUNCT
cblr-9106	115	14	lack	lack	VERB
cblr-9106	115	15	incentives	incentive	NOUN
cblr-9106	115	16	to	to	PART
cblr-9106	115	17	disclose	disclose	VERB
cblr-9106	115	18	enough	enough	ADJ
cblr-9106	115	19	information	information	NOUN
cblr-9106	115	20	:	:	PUNCT
cblr-9106	115	21	disclosure	disclosure	NOUN
cblr-9106	115	22	of	of	ADP
cblr-9106	115	23	more	more	ADJ
cblr-9106	115	24	firm	firm	ADJ
cblr-9106	115	25	-	-	PUNCT
cblr-9106	115	26	specific	specific	ADJ
cblr-9106	115	27	information	information	NOUN
cblr-9106	115	28	confers	confer	VERB
cblr-9106	115	29	positive	positive	ADJ
cblr-9106	115	30	externalities	externality	NOUN
cblr-9106	115	31	on	on	ADP
cblr-9106	115	32	market	market	NOUN
cblr-9106	115	33	participants	participant	NOUN
cblr-9106	115	34	,	,	PUNCT
cblr-9106	115	35	who	who	PRON
cblr-9106	115	36	are	be	AUX
cblr-9106	115	37	thus	thus	ADV
cblr-9106	115	38	able	able	ADJ
cblr-9106	115	39	to	to	PART
cblr-9106	115	40	price	price	VERB
cblr-9106	115	41	all	all	DET
cblr-9106	115	42	firms	firm	NOUN
cblr-9106	115	43	’	'	PUNCT
cblr-9106	115	44	idiosyncratic	idiosyncratic	ADJ
cblr-9106	115	45	29	29	NUM
cblr-9106	115	46	madison	madison	PROPN
cblr-9106	115	47	condon	condon	PROPN
cblr-9106	115	48	,	,	PUNCT
cblr-9106	115	49	externalities	externality	NOUN
cblr-9106	115	50	and	and	CCONJ
cblr-9106	115	51	the	the	DET
cblr-9106	115	52	common	common	ADJ
cblr-9106	115	53	owner	owner	NOUN
cblr-9106	115	54	,	,	PUNCT
cblr-9106	115	55	95	95	NUM
cblr-9106	115	56	wash	wash	NOUN
cblr-9106	115	57	.	.	PUNCT
cblr-9106	116	1	l.	l.	PROPN
cblr-9106	116	2	rev	rev	PROPN
cblr-9106	116	3	.	.	PROPN
cblr-9106	116	4	1	1	NUM
cblr-9106	116	5	,	,	PUNCT
cblr-9106	116	6	10–18	10–18	NUM
cblr-9106	116	7	(	(	PUNCT
cblr-9106	116	8	2020	2020	NUM
cblr-9106	116	9	)	)	PUNCT
cblr-9106	116	10	;	;	PUNCT
cblr-9106	117	1	jeffrey	jeffrey	PROPN
cblr-9106	117	2	n.	n.	PROPN
cblr-9106	117	3	gordon	gordon	PROPN
cblr-9106	117	4	,	,	PUNCT
cblr-9106	117	5	systemic	systemic	ADJ
cblr-9106	117	6	stewardship	stewardship	NOUN
cblr-9106	117	7	2–3	2–3	NUM
cblr-9106	117	8	(	(	PUNCT
cblr-9106	117	9	eur	eur	PROPN
cblr-9106	117	10	.	.	PROPN
cblr-9106	117	11	corp	corp	PROPN
cblr-9106	117	12	.	.	PROPN
cblr-9106	117	13	governance	governance	PROPN
cblr-9106	117	14	inst	inst	PROPN
cblr-9106	117	15	.	.	PROPN
cblr-9106	117	16	,	,	PUNCT
cblr-9106	117	17	law	law	NOUN
cblr-9106	117	18	working	working	NOUN
cblr-9106	117	19	paper	paper	NOUN
cblr-9106	117	20	no	no	INTJ
cblr-9106	117	21	.	.	PROPN
cblr-9106	117	22	566	566	NUM
cblr-9106	117	23	,	,	PUNCT
cblr-9106	117	24	2021	2021	NUM
cblr-9106	117	25	)	)	PUNCT
cblr-9106	117	26	,	,	PUNCT
cblr-9106	117	27	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3782814	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3782814	PROPN
cblr-9106	117	28	(	(	PUNCT
cblr-9106	117	29	on	on	ADP
cblr-9106	117	30	file	file	NOUN
cblr-9106	117	31	with	with	ADP
cblr-9106	117	32	the	the	DET
cblr-9106	117	33	columbia	columbia	PROPN
cblr-9106	117	34	business	business	PROPN
cblr-9106	117	35	law	law	PROPN
cblr-9106	117	36	review	review	PROPN
cblr-9106	117	37	)	)	PUNCT
cblr-9106	117	38	.	.	PUNCT
cblr-9106	118	1	30	30	NUM
cblr-9106	118	2	michal	michal	PROPN
cblr-9106	118	3	barzuza	barzuza	PROPN
cblr-9106	118	4	,	,	PUNCT
cblr-9106	118	5	quinn	quinn	PROPN
cblr-9106	118	6	curtis	curtis	PROPN
cblr-9106	118	7	&	&	CCONJ
cblr-9106	118	8	david	david	PROPN
cblr-9106	118	9	h.	h.	PROPN
cblr-9106	118	10	webber	webber	PROPN
cblr-9106	118	11	,	,	PUNCT
cblr-9106	118	12	shareholder	shareholder	NOUN
cblr-9106	118	13	value(s	value(s	NOUN
cblr-9106	118	14	):	):	PUNCT
cblr-9106	118	15	index	index	NOUN
cblr-9106	118	16	fund	fund	NOUN
cblr-9106	118	17	esg	esg	PROPN
cblr-9106	118	18	activism	activism	NOUN
cblr-9106	118	19	and	and	CCONJ
cblr-9106	118	20	the	the	DET
cblr-9106	118	21	new	new	ADJ
cblr-9106	118	22	millennial	millennial	ADJ
cblr-9106	118	23	corporate	corporate	ADJ
cblr-9106	118	24	governance	governance	NOUN
cblr-9106	118	25	,	,	PUNCT
cblr-9106	118	26	93	93	NUM
cblr-9106	118	27	s.	s.	PROPN
cblr-9106	118	28	calif	calif	PROPN
cblr-9106	118	29	.	.	PUNCT
cblr-9106	119	1	l.	l.	PROPN
cblr-9106	119	2	rev	rev	PROPN
cblr-9106	119	3	.	.	PROPN
cblr-9106	119	4	1243	1243	NUM
cblr-9106	119	5	,	,	PUNCT
cblr-9106	119	6	1291–92	1291–92	NOUN
cblr-9106	119	7	,	,	PUNCT
cblr-9106	119	8	1294–95	1294–95	NUM
cblr-9106	119	9	(	(	PUNCT
cblr-9106	119	10	2020	2020	NUM
cblr-9106	119	11	)	)	PUNCT
cblr-9106	119	12	.	.	PUNCT
cblr-9106	120	1	31	31	NUM
cblr-9106	120	2	climate	climate	NOUN
cblr-9106	120	3	-	-	PUNCT
cblr-9106	120	4	relevant	relevant	ADJ
cblr-9106	120	5	data	datum	NOUN
cblr-9106	120	6	gathered	gather	VERB
cblr-9106	120	7	by	by	ADP
cblr-9106	120	8	satellites	satellite	NOUN
cblr-9106	120	9	,	,	PUNCT
cblr-9106	120	10	for	for	ADP
cblr-9106	120	11	example	example	NOUN
cblr-9106	120	12	,	,	PUNCT
cblr-9106	120	13	could	could	AUX
cblr-9106	120	14	be	be	AUX
cblr-9106	120	15	used	use	VERB
cblr-9106	120	16	to	to	PART
cblr-9106	120	17	estimate	estimate	VERB
cblr-9106	120	18	changes	change	NOUN
cblr-9106	120	19	to	to	ADP
cblr-9106	120	20	flood	flood	NOUN
cblr-9106	120	21	risk	risk	NOUN
cblr-9106	120	22	as	as	ADP
cblr-9106	120	23	a	a	DET
cblr-9106	120	24	result	result	NOUN
cblr-9106	120	25	of	of	ADP
cblr-9106	120	26	climate	climate	NOUN
cblr-9106	120	27	change	change	NOUN
cblr-9106	120	28	in	in	ADP
cblr-9106	120	29	specific	specific	ADJ
cblr-9106	120	30	regions	region	NOUN
cblr-9106	120	31	.	.	PUNCT
cblr-9106	121	1	see	see	VERB
cblr-9106	121	2	lara	lara	PROPN
cblr-9106	121	3	hawchar	hawchar	PROPN
cblr-9106	121	4	et	et	PROPN
cblr-9106	121	5	al	al	PROPN
cblr-9106	121	6	.	.	PROPN
cblr-9106	121	7	,	,	PUNCT
cblr-9106	121	8	a	a	DET
cblr-9106	121	9	gis	gis	NOUN
cblr-9106	121	10	-	-	PUNCT
cblr-9106	121	11	based	base	VERB
cblr-9106	121	12	framework	framework	NOUN
cblr-9106	121	13	for	for	ADP
cblr-9106	121	14	highlevel	highlevel	ADJ
cblr-9106	121	15	climate	climate	NOUN
cblr-9106	121	16	change	change	NOUN
cblr-9106	121	17	risk	risk	NOUN
cblr-9106	121	18	assessment	assessment	NOUN
cblr-9106	121	19	of	of	ADP
cblr-9106	121	20	critical	critical	ADJ
cblr-9106	121	21	infrastructure	infrastructure	NOUN
cblr-9106	121	22	,	,	PUNCT
cblr-9106	121	23	climate	climate	NOUN
cblr-9106	121	24	risk	risk	NOUN
cblr-9106	121	25	mgmt	mgmt	PROPN
cblr-9106	121	26	.	.	PROPN
cblr-9106	121	27	,	,	PUNCT
cblr-9106	121	28	may	may	AUX
cblr-9106	121	29	2020	2020	NUM
cblr-9106	121	30	,	,	PUNCT
cblr-9106	121	31	at	at	ADP
cblr-9106	121	32	1–2	1–2	NUM
cblr-9106	121	33	.	.	PUNCT
cblr-9106	121	34	1094	1094	NUM
cblr-9106	121	35	columbia	columbia	PROPN
cblr-9106	121	36	business	business	PROPN
cblr-9106	121	37	law	law	PROPN
cblr-9106	121	38	review	review	NOUN
cblr-9106	122	1	[	[	X
cblr-9106	122	2	vol	vol	NOUN
cblr-9106	122	3	.	.	PUNCT
cblr-9106	122	4	2021	2021	NUM
cblr-9106	122	5	risk	risk	NOUN
cblr-9106	122	6	more	more	ADV
cblr-9106	122	7	accurately.32	accurately.32	ADJ
cblr-9106	122	8	in	in	ADP
cblr-9106	122	9	addition	addition	NOUN
cblr-9106	122	10	,	,	PUNCT
cblr-9106	122	11	issuers	issuer	NOUN
cblr-9106	122	12	fear	fear	VERB
cblr-9106	122	13	that	that	SCONJ
cblr-9106	122	14	competitors	competitor	NOUN
cblr-9106	122	15	will	will	AUX
cblr-9106	122	16	use	use	VERB
cblr-9106	122	17	their	their	PRON
cblr-9106	122	18	disclosures	disclosure	NOUN
cblr-9106	122	19	to	to	PART
cblr-9106	122	20	erode	erode	VERB
cblr-9106	122	21	their	their	PRON
cblr-9106	122	22	competitive	competitive	ADJ
cblr-9106	122	23	advantage.33	advantage.33	NOUN
cblr-9106	122	24	second	second	NOUN
cblr-9106	122	25	,	,	PUNCT
cblr-9106	122	26	managers	manager	NOUN
cblr-9106	122	27	fear	fear	VERB
cblr-9106	122	28	losing	lose	VERB
cblr-9106	122	29	the	the	DET
cblr-9106	122	30	rents	rent	NOUN
cblr-9106	122	31	made	make	VERB
cblr-9106	122	32	possible	possible	ADJ
cblr-9106	122	33	by	by	ADP
cblr-9106	122	34	information	information	NOUN
cblr-9106	122	35	asymmetries.34	asymmetries.34	NOUN
cblr-9106	122	36	hence	hence	ADV
cblr-9106	122	37	disclosure	disclosure	NOUN
cblr-9106	122	38	mandates	mandate	NOUN
cblr-9106	122	39	compel	compel	VERB
cblr-9106	122	40	issuers	issuer	NOUN
cblr-9106	122	41	to	to	PART
cblr-9106	122	42	disclose	disclose	VERB
cblr-9106	122	43	extensive	extensive	ADJ
cblr-9106	122	44	information	information	NOUN
cblr-9106	122	45	.	.	PUNCT
cblr-9106	123	1	these	these	DET
cblr-9106	123	2	rationales	rationale	NOUN
cblr-9106	123	3	apply	apply	VERB
cblr-9106	123	4	to	to	ADP
cblr-9106	123	5	corporate	corporate	ADJ
cblr-9106	123	6	climate	climate	NOUN
cblr-9106	123	7	disclosures	disclosure	NOUN
cblr-9106	123	8	as	as	ADV
cblr-9106	123	9	well	well	ADV
cblr-9106	123	10	:	:	PUNCT
cblr-9106	123	11	individual	individual	ADJ
cblr-9106	123	12	issuers	issuer	NOUN
cblr-9106	123	13	’	'	PUNCT
cblr-9106	123	14	disclosures	disclosure	NOUN
cblr-9106	123	15	on	on	ADP
cblr-9106	123	16	their	their	PRON
cblr-9106	123	17	climate	climate	NOUN
cblr-9106	123	18	risks	risk	NOUN
cblr-9106	123	19	help	help	VERB
cblr-9106	123	20	investors	investor	NOUN
cblr-9106	123	21	understand	understand	VERB
cblr-9106	123	22	climate	climate	NOUN
cblr-9106	123	23	risks	risk	NOUN
cblr-9106	123	24	at	at	ADP
cblr-9106	123	25	other	other	ADJ
cblr-9106	123	26	issuers	issuer	NOUN
cblr-9106	123	27	,	,	PUNCT
cblr-9106	123	28	while	while	SCONJ
cblr-9106	123	29	managers	manager	NOUN
cblr-9106	123	30	may	may	AUX
cblr-9106	123	31	prefer	prefer	VERB
cblr-9106	123	32	not	not	PART
cblr-9106	123	33	to	to	PART
cblr-9106	123	34	disclose	disclose	VERB
cblr-9106	123	35	if	if	SCONJ
cblr-9106	123	36	markets	market	NOUN
cblr-9106	123	37	are	be	AUX
cblr-9106	123	38	underpricing	underprice	VERB
cblr-9106	123	39	climate	climate	NOUN
cblr-9106	123	40	risks	risk	NOUN
cblr-9106	123	41	.	.	PUNCT
cblr-9106	124	1	the	the	DET
cblr-9106	124	2	positive	positive	ADJ
cblr-9106	124	3	externalities	externality	NOUN
cblr-9106	124	4	stemming	stem	VERB
cblr-9106	124	5	from	from	ADP
cblr-9106	124	6	climate	climate	NOUN
cblr-9106	124	7	-	-	PUNCT
cblr-9106	124	8	related	relate	VERB
cblr-9106	124	9	disclosures	disclosure	NOUN
cblr-9106	124	10	are	be	AUX
cblr-9106	124	11	particularly	particularly	ADV
cblr-9106	124	12	relevant	relevant	ADJ
cblr-9106	124	13	when	when	SCONJ
cblr-9106	124	14	it	it	PRON
cblr-9106	124	15	comes	come	VERB
cblr-9106	124	16	to	to	ADP
cblr-9106	124	17	transition	transition	NOUN
cblr-9106	124	18	risk	risk	NOUN
cblr-9106	124	19	,	,	PUNCT
cblr-9106	124	20	or	or	CCONJ
cblr-9106	124	21	the	the	DET
cblr-9106	124	22	risk	risk	NOUN
cblr-9106	124	23	associated	associate	VERB
cblr-9106	124	24	with	with	ADP
cblr-9106	124	25	adapting	adapt	VERB
cblr-9106	124	26	,	,	PUNCT
cblr-9106	124	27	or	or	CCONJ
cblr-9106	124	28	failing	fail	VERB
cblr-9106	124	29	to	to	PART
cblr-9106	124	30	adapt	adapt	VERB
cblr-9106	124	31	,	,	PUNCT
cblr-9106	124	32	a	a	DET
cblr-9106	124	33	firm	firm	NOUN
cblr-9106	124	34	’s	’s	PART
cblr-9106	124	35	strategy	strategy	NOUN
cblr-9106	124	36	to	to	ADP
cblr-9106	124	37	government	government	NOUN
cblr-9106	124	38	policies	policy	NOUN
cblr-9106	124	39	,	,	PUNCT
cblr-9106	124	40	changes	change	NOUN
cblr-9106	124	41	in	in	ADP
cblr-9106	124	42	customer	customer	NOUN
cblr-9106	124	43	behavior	behavior	NOUN
cblr-9106	124	44	,	,	PUNCT
cblr-9106	124	45	and	and	CCONJ
cblr-9106	124	46	technological	technological	ADJ
cblr-9106	124	47	advances	advance	NOUN
cblr-9106	124	48	,	,	PUNCT
cblr-9106	124	49	that	that	PRON
cblr-9106	124	50	make	make	VERB
cblr-9106	124	51	up	up	ADP
cblr-9106	124	52	the	the	DET
cblr-9106	124	53	advancement	advancement	NOUN
cblr-9106	124	54	(	(	PUNCT
cblr-9106	124	55	or	or	CCONJ
cblr-9106	124	56	lack	lack	NOUN
cblr-9106	124	57	thereof	thereof	ADV
cblr-9106	124	58	)	)	PUNCT
cblr-9106	124	59	towards	towards	ADP
cblr-9106	124	60	a	a	DET
cblr-9106	124	61	net	net	ADJ
cblr-9106	124	62	-	-	PUNCT
cblr-9106	124	63	zero	zero	NUM
cblr-9106	124	64	economy.35	economy.35	NOUN
cblr-9106	124	65	impacts	impact	NOUN
cblr-9106	124	66	of	of	ADP
cblr-9106	124	67	the	the	DET
cblr-9106	124	68	net	net	ADJ
cblr-9106	124	69	-	-	PUNCT
cblr-9106	124	70	zero	zero	NUM
cblr-9106	124	71	transition	transition	NOUN
cblr-9106	124	72	on	on	ADP
cblr-9106	124	73	a	a	DET
cblr-9106	124	74	firm	firm	NOUN
cblr-9106	124	75	’s	’s	PART
cblr-9106	124	76	business	business	NOUN
cblr-9106	124	77	model	model	NOUN
cblr-9106	124	78	are	be	AUX
cblr-9106	124	79	a	a	DET
cblr-9106	124	80	function	function	NOUN
cblr-9106	124	81	not	not	PART
cblr-9106	124	82	just	just	ADV
cblr-9106	124	83	of	of	ADP
cblr-9106	124	84	idiosyncratic	idiosyncratic	ADJ
cblr-9106	124	85	(	(	PUNCT
cblr-9106	124	86	or	or	CCONJ
cblr-9106	124	87	firm	firm	ADJ
cblr-9106	124	88	-	-	PUNCT
cblr-9106	124	89	level	level	NOUN
cblr-9106	124	90	)	)	PUNCT
cblr-9106	124	91	factors	factor	NOUN
cblr-9106	124	92	,	,	PUNCT
cblr-9106	124	93	but	but	CCONJ
cblr-9106	124	94	also	also	ADV
cblr-9106	124	95	of	of	ADP
cblr-9106	124	96	the	the	DET
cblr-9106	124	97	aggregate	aggregate	ADJ
cblr-9106	124	98	behavior	behavior	NOUN
cblr-9106	124	99	of	of	ADP
cblr-9106	124	100	other	other	ADJ
cblr-9106	124	101	actors	actor	NOUN
cblr-9106	124	102	,	,	PUNCT
cblr-9106	124	103	including	include	VERB
cblr-9106	124	104	other	other	ADJ
cblr-9106	124	105	issuers.36	issuers.36	NOUN
cblr-9106	124	106	thus	thus	ADV
cblr-9106	124	107	,	,	PUNCT
cblr-9106	124	108	the	the	DET
cblr-9106	124	109	extent	extent	NOUN
cblr-9106	124	110	to	to	PART
cblr-9106	124	111	which	which	PRON
cblr-9106	124	112	a	a	DET
cblr-9106	124	113	firm	firm	NOUN
cblr-9106	124	114	needs	need	VERB
cblr-9106	124	115	to	to	PART
cblr-9106	124	116	adjust	adjust	VERB
cblr-9106	124	117	its	its	PRON
cblr-9106	124	118	business	business	NOUN
cblr-9106	124	119	model	model	NOUN
cblr-9106	124	120	to	to	PART
cblr-9106	124	121	accommodate	accommodate	VERB
cblr-9106	124	122	the	the	DET
cblr-9106	124	123	net	net	ADJ
cblr-9106	124	124	-	-	PUNCT
cblr-9106	124	125	zero	zero	NUM
cblr-9106	124	126	transition	transition	NOUN
cblr-9106	124	127	—	—	PUNCT
cblr-9106	124	128	and	and	CCONJ
cblr-9106	124	129	the	the	DET
cblr-9106	124	130	associated	associated	ADJ
cblr-9106	124	131	risk	risk	NOUN
cblr-9106	124	132	from	from	ADP
cblr-9106	124	133	failure	failure	NOUN
cblr-9106	124	134	to	to	PART
cblr-9106	124	135	do	do	AUX
cblr-9106	124	136	so	so	ADV
cblr-9106	124	137	—	—	PUNCT
cblr-9106	124	138	is	be	AUX
cblr-9106	124	139	a	a	DET
cblr-9106	124	140	function	function	NOUN
cblr-9106	124	141	of	of	ADP
cblr-9106	124	142	the	the	DET
cblr-9106	124	143	extent	extent	NOUN
cblr-9106	124	144	to	to	ADP
cblr-9106	124	145	which	which	PRON
cblr-9106	124	146	,	,	PUNCT
cblr-9106	124	147	and	and	CCONJ
cblr-9106	124	148	how	how	SCONJ
cblr-9106	124	149	,	,	PUNCT
cblr-9106	124	150	governments	government	NOUN
cblr-9106	124	151	,	,	PUNCT
cblr-9106	124	152	consumers	consumer	NOUN
cblr-9106	124	153	,	,	PUNCT
cblr-9106	124	154	and	and	CCONJ
cblr-9106	124	155	other	other	ADJ
cblr-9106	124	156	firms	firm	NOUN
cblr-9106	124	157	themselves	themselves	PRON
cblr-9106	124	158	transition	transition	NOUN
cblr-9106	124	159	.	.	PUNCT
cblr-9106	125	1	in	in	ADP
cblr-9106	125	2	sum	sum	NOUN
cblr-9106	125	3	,	,	PUNCT
cblr-9106	125	4	firm	firm	ADJ
cblr-9106	125	5	-	-	PUNCT
cblr-9106	125	6	specific	specific	ADJ
cblr-9106	125	7	transition	transition	NOUN
cblr-9106	125	8	risks	risk	NOUN
cblr-9106	125	9	depend	depend	VERB
cblr-9106	125	10	on	on	ADP
cblr-9106	125	11	each	each	DET
cblr-9106	125	12	firm	firm	NOUN
cblr-9106	125	13	’s	’s	PART
cblr-9106	125	14	interplay	interplay	NOUN
cblr-9106	125	15	with	with	ADP
cblr-9106	125	16	each	each	DET
cblr-9106	125	17	other	other	ADJ
cblr-9106	125	18	and	and	CCONJ
cblr-9106	125	19	with	with	ADP
cblr-9106	125	20	aggregate	aggregate	ADJ
cblr-9106	125	21	dynamics	dynamic	NOUN
cblr-9106	125	22	,	,	PUNCT
cblr-9106	125	23	which	which	PRON
cblr-9106	125	24	makes	make	VERB
cblr-9106	125	25	firm	firm	ADJ
cblr-9106	125	26	-	-	PUNCT
cblr-9106	125	27	level	level	NOUN
cblr-9106	125	28	disclosures	disclosure	NOUN
cblr-9106	125	29	on	on	ADP
cblr-9106	125	30	these	these	DET
cblr-9106	125	31	aspects	aspect	NOUN
cblr-9106	125	32	more	more	ADJ
cblr-9106	125	33	salient	salient	NOUN
cblr-9106	125	34	from	from	ADP
cblr-9106	125	35	a	a	DET
cblr-9106	125	36	macro	macro	ADJ
cblr-9106	125	37	perspective	perspective	NOUN
cblr-9106	125	38	.	.	PUNCT
cblr-9106	126	1	32	32	NUM
cblr-9106	126	2	see	see	VERB
cblr-9106	126	3	merritt	merritt	PROPN
cblr-9106	126	4	b.	b.	PROPN
cblr-9106	126	5	fox	fox	PROPN
cblr-9106	126	6	et	et	PROPN
cblr-9106	126	7	al	al	PROPN
cblr-9106	126	8	.	.	PROPN
cblr-9106	126	9	,	,	PUNCT
cblr-9106	126	10	law	law	NOUN
cblr-9106	126	11	,	,	PUNCT
cblr-9106	126	12	share	share	VERB
cblr-9106	126	13	price	price	NOUN
cblr-9106	126	14	accuracy	accuracy	NOUN
cblr-9106	126	15	,	,	PUNCT
cblr-9106	126	16	and	and	CCONJ
cblr-9106	126	17	economic	economic	ADJ
cblr-9106	126	18	performance	performance	NOUN
cblr-9106	126	19	:	:	PUNCT
cblr-9106	126	20	the	the	DET
cblr-9106	126	21	new	new	ADJ
cblr-9106	126	22	evidence	evidence	NOUN
cblr-9106	126	23	,	,	PUNCT
cblr-9106	126	24	102	102	NUM
cblr-9106	126	25	mich	mich	NOUN
cblr-9106	126	26	.	.	PUNCT
cblr-9106	127	1	l.	l.	PROPN
cblr-9106	127	2	rev	rev	PROPN
cblr-9106	127	3	.	.	PROPN
cblr-9106	127	4	331	331	NUM
cblr-9106	127	5	,	,	PUNCT
cblr-9106	127	6	381	381	NUM
cblr-9106	127	7	(	(	PUNCT
cblr-9106	127	8	2003	2003	NUM
cblr-9106	127	9	)	)	PUNCT
cblr-9106	127	10	.	.	PUNCT
cblr-9106	128	1	33	33	NUM
cblr-9106	128	2	see	see	VERB
cblr-9106	128	3	infra	infra	NOUN
cblr-9106	128	4	135–139	135–139	NUM
cblr-9106	128	5	and	and	CCONJ
cblr-9106	128	6	accompanying	accompany	VERB
cblr-9106	128	7	text	text	NOUN
cblr-9106	128	8	.	.	PUNCT
cblr-9106	129	1	34	34	NUM
cblr-9106	129	2	see	see	VERB
cblr-9106	129	3	madison	madison	PROPN
cblr-9106	129	4	condon	condon	PROPN
cblr-9106	129	5	et	et	PROPN
cblr-9106	129	6	al	al	PROPN
cblr-9106	129	7	.	.	PROPN
cblr-9106	129	8	,	,	PUNCT
cblr-9106	129	9	mandating	mandate	VERB
cblr-9106	129	10	disclosure	disclosure	NOUN
cblr-9106	129	11	of	of	ADP
cblr-9106	129	12	climaterelated	climaterelate	VERB
cblr-9106	129	13	financial	financial	ADJ
cblr-9106	129	14	risk	risk	NOUN
cblr-9106	129	15	24	24	NUM
cblr-9106	129	16	(	(	PUNCT
cblr-9106	129	17	2021	2021	NUM
cblr-9106	129	18	)	)	PUNCT
cblr-9106	129	19	,	,	PUNCT
cblr-9106	129	20	http://blogs.edf.org/climate411/files/2021/02/mandating_climate_risk_fin	http://blogs.edf.org/climate411/files/2021/02/mandating_climate_risk_fin	PROPN
cblr-9106	129	21	ancial_disclosures.pdf	ancial_disclosures.pdf	VERB
cblr-9106	129	22	[	[	X
cblr-9106	129	23	https://perma.cc/5qqx-3zza	https://perma.cc/5qqx-3zza	NOUN
cblr-9106	129	24	]	]	PUNCT
cblr-9106	129	25	.	.	PUNCT
cblr-9106	130	1	see	see	VERB
cblr-9106	130	2	generally	generally	ADV
cblr-9106	130	3	paul	paul	PROPN
cblr-9106	130	4	g.	g.	PROPN
cblr-9106	130	5	mahoney	mahoney	PROPN
cblr-9106	130	6	,	,	PUNCT
cblr-9106	130	7	mandatory	mandatory	ADJ
cblr-9106	130	8	disclosure	disclosure	NOUN
cblr-9106	130	9	as	as	ADP
cblr-9106	130	10	a	a	DET
cblr-9106	130	11	solution	solution	NOUN
cblr-9106	130	12	to	to	ADP
cblr-9106	130	13	agency	agency	NOUN
cblr-9106	130	14	problems	problem	NOUN
cblr-9106	130	15	,	,	PUNCT
cblr-9106	130	16	62	62	NUM
cblr-9106	130	17	u.	u.	NOUN
cblr-9106	130	18	chi	chi	PROPN
cblr-9106	130	19	.	.	PUNCT
cblr-9106	131	1	l.	l.	PROPN
cblr-9106	131	2	rev	rev	PROPN
cblr-9106	131	3	.	.	PROPN
cblr-9106	131	4	1047	1047	NUM
cblr-9106	131	5	(	(	PUNCT
cblr-9106	131	6	1995	1995	NUM
cblr-9106	131	7	)	)	PUNCT
cblr-9106	131	8	.	.	PUNCT
cblr-9106	132	1	35	35	NUM
cblr-9106	132	2	see	see	VERB
cblr-9106	132	3	infra	infra	NOUN
cblr-9106	132	4	notes	note	VERB
cblr-9106	132	5	49–57	49–57	NUM
cblr-9106	132	6	and	and	CCONJ
cblr-9106	132	7	accompanying	accompany	VERB
cblr-9106	132	8	text	text	NOUN
cblr-9106	132	9	.	.	PUNCT
cblr-9106	133	1	36	36	NUM
cblr-9106	133	2	see	see	VERB
cblr-9106	133	3	i	i	PRON
cblr-9106	133	4	d.	d.	PROPN
cblr-9106	133	5	no	no	INTJ
cblr-9106	133	6	.	.	PUNCT
cblr-9106	134	1	3:1085	3:1085	NUM
cblr-9106	134	2	]	]	X
cblr-9106	134	3	mandatory	mandatory	ADJ
cblr-9106	134	4	corporate	corporate	ADJ
cblr-9106	134	5	climate	climate	NOUN
cblr-9106	134	6	disclosures	disclosure	NOUN
cblr-9106	134	7	1095	1095	NUM
cblr-9106	134	8	this	this	DET
cblr-9106	134	9	article	article	NOUN
cblr-9106	134	10	refrains	refrain	VERB
cblr-9106	134	11	from	from	ADP
cblr-9106	134	12	sketching	sketch	VERB
cblr-9106	134	13	out	out	ADP
cblr-9106	134	14	the	the	DET
cblr-9106	134	15	contours	contours	NOUN
cblr-9106	134	16	of	of	ADP
cblr-9106	134	17	a	a	DET
cblr-9106	134	18	comprehensive	comprehensive	ADJ
cblr-9106	134	19	corporate	corporate	ADJ
cblr-9106	134	20	climate	climate	NOUN
cblr-9106	134	21	disclosure	disclosure	NOUN
cblr-9106	134	22	framework	framework	NOUN
cblr-9106	134	23	or	or	CCONJ
cblr-9106	134	24	from	from	ADP
cblr-9106	134	25	providing	provide	VERB
cblr-9106	134	26	recommendations	recommendation	NOUN
cblr-9106	134	27	for	for	ADP
cblr-9106	134	28	any	any	DET
cblr-9106	134	29	particular	particular	ADJ
cblr-9106	134	30	jurisdiction	jurisdiction	NOUN
cblr-9106	134	31	.	.	PUNCT
cblr-9106	135	1	instead	instead	ADV
cblr-9106	135	2	,	,	PUNCT
cblr-9106	135	3	it	it	PRON
cblr-9106	135	4	characterizes	characterize	VERB
cblr-9106	135	5	the	the	DET
cblr-9106	135	6	challenges	challenge	NOUN
cblr-9106	135	7	associated	associate	VERB
cblr-9106	135	8	with	with	ADP
cblr-9106	135	9	climate	climate	NOUN
cblr-9106	135	10	-	-	PUNCT
cblr-9106	135	11	related	relate	VERB
cblr-9106	135	12	disclosures	disclosure	NOUN
cblr-9106	135	13	as	as	ADP
cblr-9106	135	14	critically	critically	ADV
cblr-9106	135	15	informed	inform	VERB
cblr-9106	135	16	by	by	ADP
cblr-9106	135	17	ongoing	ongoing	ADJ
cblr-9106	135	18	learning	learning	NOUN
cblr-9106	135	19	dynamics	dynamic	NOUN
cblr-9106	135	20	,	,	PUNCT
cblr-9106	135	21	articulates	articulate	VERB
cblr-9106	135	22	the	the	DET
cblr-9106	135	23	rationales	rationale	NOUN
cblr-9106	135	24	for	for	ADP
cblr-9106	135	25	making	make	VERB
cblr-9106	135	26	climate	climate	NOUN
cblr-9106	135	27	disclosures	disclosure	NOUN
cblr-9106	135	28	mandatory	mandatory	ADJ
cblr-9106	135	29	,	,	PUNCT
cblr-9106	135	30	and	and	CCONJ
cblr-9106	135	31	provides	provide	VERB
cblr-9106	135	32	a	a	DET
cblr-9106	135	33	blueprint	blueprint	NOUN
cblr-9106	135	34	for	for	ADP
cblr-9106	135	35	the	the	DET
cblr-9106	135	36	design	design	NOUN
cblr-9106	135	37	of	of	ADP
cblr-9106	135	38	climate	climate	NOUN
cblr-9106	135	39	-	-	PUNCT
cblr-9106	135	40	related	relate	VERB
cblr-9106	135	41	disclosure	disclosure	NOUN
cblr-9106	135	42	regimes	regime	NOUN
cblr-9106	135	43	and	and	CCONJ
cblr-9106	135	44	the	the	DET
cblr-9106	135	45	regulatory	regulatory	ADJ
cblr-9106	135	46	architecture	architecture	NOUN
cblr-9106	135	47	that	that	PRON
cblr-9106	135	48	supports	support	VERB
cblr-9106	135	49	them	they	PRON
cblr-9106	135	50	.	.	PUNCT
cblr-9106	136	1	our	our	PRON
cblr-9106	136	2	focus	focus	NOUN
cblr-9106	136	3	is	be	AUX
cblr-9106	136	4	on	on	ADP
cblr-9106	136	5	corporate	corporate	ADJ
cblr-9106	136	6	climate	climate	NOUN
cblr-9106	136	7	disclosures	disclosure	NOUN
cblr-9106	136	8	,	,	PUNCT
cblr-9106	136	9	that	that	ADV
cblr-9106	136	10	is	is	ADV
cblr-9106	136	11	,	,	PUNCT
cblr-9106	136	12	climate	climate	NOUN
cblr-9106	136	13	-	-	PUNCT
cblr-9106	136	14	related	relate	VERB
cblr-9106	136	15	information	information	NOUN
cblr-9106	136	16	that	that	PRON
cblr-9106	136	17	is	be	AUX
cblr-9106	136	18	provided	provide	VERB
cblr-9106	136	19	directly	directly	ADV
cblr-9106	136	20	by	by	ADP
cblr-9106	136	21	companies	company	NOUN
cblr-9106	136	22	.	.	PUNCT
cblr-9106	137	1	such	such	ADJ
cblr-9106	137	2	information	information	NOUN
cblr-9106	137	3	is	be	AUX
cblr-9106	137	4	useful	useful	ADJ
cblr-9106	137	5	on	on	ADP
cblr-9106	137	6	the	the	DET
cblr-9106	137	7	theory	theory	NOUN
cblr-9106	137	8	that	that	SCONJ
cblr-9106	137	9	it	it	PRON
cblr-9106	137	10	is	be	AUX
cblr-9106	137	11	essential	essential	ADJ
cblr-9106	137	12	for	for	SCONJ
cblr-9106	137	13	markets	market	NOUN
cblr-9106	137	14	to	to	PART
cblr-9106	137	15	perform	perform	VERB
cblr-9106	137	16	their	their	PRON
cblr-9106	137	17	price	price	NOUN
cblr-9106	137	18	discovery	discovery	NOUN
cblr-9106	137	19	function.37	function.37	ADJ
cblr-9106	137	20	if	if	SCONJ
cblr-9106	137	21	climate	climate	NOUN
cblr-9106	137	22	-	-	PUNCT
cblr-9106	137	23	related	relate	VERB
cblr-9106	137	24	information	information	NOUN
cblr-9106	137	25	is	be	AUX
cblr-9106	137	26	reflected	reflect	VERB
cblr-9106	137	27	in	in	ADP
cblr-9106	137	28	share	share	NOUN
cblr-9106	137	29	prices	price	NOUN
cblr-9106	137	30	,	,	PUNCT
cblr-9106	137	31	markets	market	VERB
cblr-9106	137	32	themselves	themselves	PRON
cblr-9106	137	33	play	play	VERB
cblr-9106	137	34	a	a	DET
cblr-9106	137	35	role	role	NOUN
cblr-9106	137	36	in	in	ADP
cblr-9106	137	37	the	the	DET
cblr-9106	137	38	(	(	PUNCT
cblr-9106	137	39	re-)allocation	re-)allocation	NOUN
cblr-9106	137	40	of	of	ADP
cblr-9106	137	41	capital	capital	NOUN
cblr-9106	137	42	that	that	PRON
cblr-9106	137	43	is	be	AUX
cblr-9106	137	44	required	require	VERB
cblr-9106	137	45	to	to	PART
cblr-9106	137	46	finance	finance	VERB
cblr-9106	137	47	the	the	DET
cblr-9106	137	48	net	net	ADJ
cblr-9106	137	49	-	-	PUNCT
cblr-9106	137	50	zero	zero	NUM
cblr-9106	137	51	transition.38	transition.38	NOUN
cblr-9106	137	52	in	in	ADP
cblr-9106	137	53	addition	addition	NOUN
cblr-9106	137	54	to	to	ADP
cblr-9106	137	55	such	such	ADJ
cblr-9106	137	56	corporate	corporate	ADJ
cblr-9106	137	57	climate	climate	NOUN
cblr-9106	137	58	disclosures	disclosure	NOUN
cblr-9106	137	59	,	,	PUNCT
cblr-9106	137	60	regulators	regulator	NOUN
cblr-9106	137	61	around	around	ADP
cblr-9106	137	62	the	the	DET
cblr-9106	137	63	world	world	NOUN
cblr-9106	137	64	—	—	PUNCT
cblr-9106	137	65	with	with	ADP
cblr-9106	137	66	the	the	DET
cblr-9106	137	67	european	european	PROPN
cblr-9106	137	68	union	union	PROPN
cblr-9106	137	69	leading	lead	VERB
cblr-9106	137	70	the	the	DET
cblr-9106	137	71	charge39	charge39	NOUN
cblr-9106	137	72	—	—	PUNCT
cblr-9106	137	73	are	be	AUX
cblr-9106	137	74	championing	champion	VERB
cblr-9106	137	75	climate	climate	NOUN
cblr-9106	137	76	-	-	PUNCT
cblr-9106	137	77	related	relate	VERB
cblr-9106	137	78	disclosures	disclosure	NOUN
cblr-9106	137	79	by	by	ADP
cblr-9106	137	80	financial	financial	ADJ
cblr-9106	137	81	intermediaries	intermediary	NOUN
cblr-9106	137	82	and	and	CCONJ
cblr-9106	137	83	third	third	ADJ
cblr-9106	137	84	parties	party	NOUN
cblr-9106	137	85	designed	design	VERB
cblr-9106	137	86	to	to	PART
cblr-9106	137	87	mobilize	mobilize	VERB
cblr-9106	137	88	the	the	DET
cblr-9106	137	89	financing	financing	NOUN
cblr-9106	137	90	of	of	ADP
cblr-9106	137	91	sustainable	sustainable	ADJ
cblr-9106	137	92	investments	investment	NOUN
cblr-9106	137	93	as	as	ADP
cblr-9106	137	94	part	part	NOUN
cblr-9106	137	95	of	of	ADP
cblr-9106	137	96	a	a	DET
cblr-9106	137	97	broader	broad	ADJ
cblr-9106	137	98	sustainable	sustainable	ADJ
cblr-9106	137	99	finance	finance	NOUN
cblr-9106	137	100	agenda	agenda	NOUN
cblr-9106	137	101	.	.	PUNCT
cblr-9106	138	1	the	the	DET
cblr-9106	138	2	latter	latter	ADJ
cblr-9106	138	3	set	set	NOUN
cblr-9106	138	4	of	of	ADP
cblr-9106	138	5	policies	policy	NOUN
cblr-9106	138	6	is	be	AUX
cblr-9106	138	7	more	more	ADV
cblr-9106	138	8	diverse	diverse	ADJ
cblr-9106	138	9	in	in	ADP
cblr-9106	138	10	scope	scope	NOUN
cblr-9106	138	11	and	and	CCONJ
cblr-9106	138	12	can	can	AUX
cblr-9106	138	13	include	include	VERB
cblr-9106	138	14	environmental	environmental	ADJ
cblr-9106	138	15	impact	impact	NOUN
cblr-9106	138	16	disclosures	disclosure	NOUN
cblr-9106	138	17	and	and	CCONJ
cblr-9106	138	18	“	"	PUNCT
cblr-9106	138	19	green	green	ADJ
cblr-9106	138	20	label”40	label”40	PROPN
cblr-9106	138	21	classifications	classification	NOUN
cblr-9106	138	22	of	of	ADP
cblr-9106	138	23	sustainable	sustainable	ADJ
cblr-9106	138	24	investments	investment	NOUN
cblr-9106	138	25	.	.	PUNCT
cblr-9106	139	1	while	while	SCONJ
cblr-9106	139	2	there	there	PRON
cblr-9106	139	3	are	be	VERB
cblr-9106	139	4	clear	clear	ADJ
cblr-9106	139	5	interrelations	interrelation	NOUN
cblr-9106	139	6	37	37	NUM
cblr-9106	139	7	i	i	PRON
cblr-9106	139	8	d.	d.	PROPN
cblr-9106	139	9	at	at	ADP
cblr-9106	139	10	27	27	NUM
cblr-9106	139	11	.	.	PUNCT
cblr-9106	140	1	38	38	NUM
cblr-9106	140	2	see	see	VERB
cblr-9106	140	3	tobias	tobias	PROPN
cblr-9106	140	4	tröger	tröger	PROPN
cblr-9106	140	5	&	&	CCONJ
cblr-9106	140	6	sebastian	sebastian	PROPN
cblr-9106	140	7	steuer	steuer	PROPN
cblr-9106	140	8	,	,	PUNCT
cblr-9106	140	9	the	the	DET
cblr-9106	140	10	role	role	NOUN
cblr-9106	140	11	of	of	ADP
cblr-9106	140	12	disclosure	disclosure	NOUN
cblr-9106	140	13	in	in	ADP
cblr-9106	140	14	green	green	ADJ
cblr-9106	140	15	finance	finance	NOUN
cblr-9106	140	16	14	14	NUM
cblr-9106	140	17	(	(	PUNCT
cblr-9106	140	18	eur	eur	PROPN
cblr-9106	140	19	.	.	PROPN
cblr-9106	140	20	corp	corp	PROPN
cblr-9106	140	21	.	.	PROPN
cblr-9106	140	22	governance	governance	PROPN
cblr-9106	140	23	inst	inst	PROPN
cblr-9106	140	24	.	.	PROPN
cblr-9106	140	25	,	,	PUNCT
cblr-9106	140	26	law	law	NOUN
cblr-9106	140	27	working	working	NOUN
cblr-9106	140	28	paper	paper	NOUN
cblr-9106	140	29	no	no	INTJ
cblr-9106	140	30	.	.	PROPN
cblr-9106	140	31	604	604	NUM
cblr-9106	140	32	,	,	PUNCT
cblr-9106	140	33	2021	2021	NUM
cblr-9106	140	34	)	)	PUNCT
cblr-9106	140	35	,	,	PUNCT
cblr-9106	140	36	https://ecgi.global/sites/default/files/working_papers/documents/trogersteu	https://ecgi.global/sites/default/files/working_papers/documents/trogersteu	NOUN
cblr-9106	140	37	rfinal.pdf	rfinal.pdf	X
cblr-9106	140	38	[	[	X
cblr-9106	140	39	https://perma.cc/n39n-8ffm	https://perma.cc/n39n-8ffm	X
cblr-9106	140	40	]	]	X
cblr-9106	140	41	(	(	PUNCT
cblr-9106	140	42	“	"	PUNCT
cblr-9106	140	43	‘	'	PUNCT
cblr-9106	140	44	[	[	X
cblr-9106	140	45	g]reen	g]reen	NOUN
cblr-9106	140	46	’	'	PUNCT
cblr-9106	140	47	labels	label	NOUN
cblr-9106	140	48	that	that	PRON
cblr-9106	140	49	certify	certify	VERB
cblr-9106	140	50	favorable	favorable	ADJ
cblr-9106	140	51	climate	climate	NOUN
cblr-9106	140	52	impact	impact	NOUN
cblr-9106	140	53	properties	property	NOUN
cblr-9106	140	54	of	of	ADP
cblr-9106	140	55	investment	investment	NOUN
cblr-9106	140	56	opportunities	opportunity	NOUN
cblr-9106	140	57	may	may	AUX
cblr-9106	140	58	add	add	VERB
cblr-9106	140	59	value	value	NOUN
cblr-9106	140	60	in	in	ADP
cblr-9106	140	61	inducing	induce	VERB
cblr-9106	140	62	a	a	DET
cblr-9106	140	63	‘	'	PUNCT
cblr-9106	140	64	green	green	ADJ
cblr-9106	140	65	’	'	PUNCT
cblr-9106	140	66	(	(	PUNCT
cblr-9106	140	67	re-)allocation	re-)allocation	NOUN
cblr-9106	140	68	of	of	ADP
cblr-9106	140	69	capital	capital	NOUN
cblr-9106	140	70	.	.	PUNCT
cblr-9106	140	71	”	"	PUNCT
cblr-9106	140	72	)	)	PUNCT
cblr-9106	140	73	.	.	PUNCT
cblr-9106	141	1	39	39	NUM
cblr-9106	141	2	see	see	VERB
cblr-9106	141	3	council	council	NOUN
cblr-9106	141	4	regulation	regulation	NOUN
cblr-9106	141	5	2019/2088	2019/2088	NUM
cblr-9106	141	6	of	of	ADP
cblr-9106	141	7	nov	nov	PROPN
cblr-9106	141	8	.	.	PROPN
cblr-9106	141	9	17	17	NUM
cblr-9106	141	10	,	,	PUNCT
cblr-9106	141	11	2019	2019	NUM
cblr-9106	141	12	,	,	PUNCT
cblr-9106	141	13	sustainability‐	sustainability‐	NOUN
cblr-9106	141	14	related	relate	VERB
cblr-9106	141	15	disclosures	disclosure	NOUN
cblr-9106	141	16	in	in	ADP
cblr-9106	141	17	the	the	DET
cblr-9106	141	18	financial	financial	ADJ
cblr-9106	141	19	services	service	NOUN
cblr-9106	141	20	sector	sector	NOUN
cblr-9106	141	21	,	,	PUNCT
cblr-9106	141	22	2019	2019	NUM
cblr-9106	141	23	o.j	o.j	PROPN
cblr-9106	141	24	.	.	PUNCT
cblr-9106	142	1	(	(	PUNCT
cblr-9106	142	2	l	l	NOUN
cblr-9106	142	3	317	317	NUM
cblr-9106	142	4	)	)	PUNCT
cblr-9106	142	5	2	2	NUM
cblr-9106	142	6	;	;	PUNCT
cblr-9106	142	7	council	council	NOUN
cblr-9106	142	8	regulation	regulation	NOUN
cblr-9106	142	9	2020/852	2020/852	NUM
cblr-9106	142	10	of	of	ADP
cblr-9106	142	11	june	june	PROPN
cblr-9106	142	12	18	18	NUM
cblr-9106	142	13	,	,	PUNCT
cblr-9106	142	14	2020	2020	NUM
cblr-9106	142	15	,	,	PUNCT
cblr-9106	142	16	establishment	establishment	NOUN
cblr-9106	142	17	of	of	ADP
cblr-9106	142	18	a	a	DET
cblr-9106	142	19	framework	framework	NOUN
cblr-9106	142	20	to	to	PART
cblr-9106	142	21	facilitate	facilitate	VERB
cblr-9106	142	22	sustainable	sustainable	ADJ
cblr-9106	142	23	investment	investment	NOUN
cblr-9106	142	24	,	,	PUNCT
cblr-9106	142	25	and	and	CCONJ
cblr-9106	142	26	amending	amend	VERB
cblr-9106	142	27	regulation	regulation	NOUN
cblr-9106	142	28	(	(	PUNCT
cblr-9106	142	29	eu	eu	NOUN
cblr-9106	142	30	)	)	PUNCT
cblr-9106	142	31	2019/2088	2019/2088	NUM
cblr-9106	142	32	,	,	PUNCT
cblr-9106	142	33	2020	2020	NUM
cblr-9106	142	34	o.j	o.j	PROPN
cblr-9106	142	35	.	.	PUNCT
cblr-9106	143	1	(	(	PUNCT
cblr-9106	143	2	l	l	NOUN
cblr-9106	143	3	198	198	NUM
cblr-9106	143	4	)	)	PUNCT
cblr-9106	143	5	13	13	NUM
cblr-9106	143	6	,	,	PUNCT
cblr-9106	143	7	15	15	NUM
cblr-9106	143	8	.	.	NOUN
cblr-9106	143	9	40	40	NUM
cblr-9106	143	10	tröger	tröger	NOUN
cblr-9106	143	11	&	&	CCONJ
cblr-9106	143	12	steuer	steuer	PROPN
cblr-9106	143	13	,	,	PUNCT
cblr-9106	143	14	supra	supra	PROPN
cblr-9106	143	15	note	note	PROPN
cblr-9106	143	16	38	38	NUM
cblr-9106	143	17	.	.	PUNCT
cblr-9106	144	1	1096	1096	NUM
cblr-9106	144	2	columbia	columbia	PROPN
cblr-9106	144	3	business	business	NOUN
cblr-9106	144	4	law	law	PROPN
cblr-9106	144	5	review	review	NOUN
cblr-9106	144	6	[	[	X
cblr-9106	144	7	vol	vol	NOUN
cblr-9106	144	8	.	.	NOUN
cblr-9106	144	9	2021	2021	NUM
cblr-9106	144	10	between	between	ADP
cblr-9106	144	11	corporate	corporate	ADJ
cblr-9106	144	12	climate	climate	NOUN
cblr-9106	144	13	disclosures	disclosure	NOUN
cblr-9106	144	14	and	and	CCONJ
cblr-9106	144	15	other	other	ADJ
cblr-9106	144	16	climate	climate	NOUN
cblr-9106	144	17	disclosures	disclosure	NOUN
cblr-9106	144	18	—	—	PUNCT
cblr-9106	144	19	for	for	ADP
cblr-9106	144	20	example	example	NOUN
cblr-9106	144	21	,	,	PUNCT
cblr-9106	144	22	corporate	corporate	ADJ
cblr-9106	144	23	climate	climate	NOUN
cblr-9106	144	24	disclosures	disclosure	NOUN
cblr-9106	144	25	might	might	AUX
cblr-9106	144	26	help	help	VERB
cblr-9106	144	27	ground	ground	VERB
cblr-9106	144	28	sustainable	sustainable	ADJ
cblr-9106	144	29	finance	finance	NOUN
cblr-9106	144	30	in	in	ADP
cblr-9106	144	31	sound	sound	ADJ
cblr-9106	144	32	risk	risk	NOUN
cblr-9106	144	33	-	-	PUNCT
cblr-9106	144	34	management	management	NOUN
cblr-9106	144	35	practices	practice	NOUN
cblr-9106	144	36	—	—	PUNCT
cblr-9106	144	37	we	we	PRON
cblr-9106	144	38	leave	leave	VERB
cblr-9106	144	39	disclosure	disclosure	NOUN
cblr-9106	144	40	policies	policy	NOUN
cblr-9106	144	41	instrumental	instrumental	ADJ
cblr-9106	144	42	to	to	ADP
cblr-9106	144	43	the	the	DET
cblr-9106	144	44	promotion	promotion	NOUN
cblr-9106	144	45	of	of	ADP
cblr-9106	144	46	sustainable	sustainable	ADJ
cblr-9106	144	47	investment	investment	NOUN
cblr-9106	144	48	for	for	ADP
cblr-9106	144	49	discussion	discussion	NOUN
cblr-9106	144	50	elsewhere	elsewhere	ADV
cblr-9106	144	51	.	.	PUNCT
cblr-9106	145	1	this	this	DET
cblr-9106	145	2	article	article	NOUN
cblr-9106	145	3	proceeds	proceed	VERB
cblr-9106	145	4	as	as	SCONJ
cblr-9106	145	5	follows	follow	VERB
cblr-9106	145	6	.	.	PUNCT
cblr-9106	146	1	part	part	PROPN
cblr-9106	146	2	ii	ii	PROPN
cblr-9106	146	3	provides	provide	VERB
cblr-9106	146	4	a	a	DET
cblr-9106	146	5	primer	primer	NOUN
cblr-9106	146	6	on	on	ADP
cblr-9106	146	7	climate	climate	NOUN
cblr-9106	146	8	risks	risk	NOUN
cblr-9106	146	9	,	,	PUNCT
cblr-9106	146	10	outlining	outline	VERB
cblr-9106	146	11	how	how	SCONJ
cblr-9106	146	12	they	they	PRON
cblr-9106	146	13	impact	impact	VERB
cblr-9106	146	14	firms	firm	NOUN
cblr-9106	146	15	,	,	PUNCT
cblr-9106	146	16	investors	investor	NOUN
cblr-9106	146	17	,	,	PUNCT
cblr-9106	146	18	and	and	CCONJ
cblr-9106	146	19	other	other	ADJ
cblr-9106	146	20	stakeholders	stakeholder	NOUN
cblr-9106	146	21	.	.	PUNCT
cblr-9106	147	1	after	after	ADP
cblr-9106	147	2	surveying	survey	VERB
cblr-9106	147	3	policy	policy	NOUN
cblr-9106	147	4	measures	measure	NOUN
cblr-9106	147	5	in	in	ADP
cblr-9106	147	6	the	the	DET
cblr-9106	147	7	united	united	PROPN
cblr-9106	147	8	states	states	PROPN
cblr-9106	147	9	and	and	CCONJ
cblr-9106	147	10	europe	europe	PROPN
cblr-9106	147	11	and	and	CCONJ
cblr-9106	147	12	describing	describe	VERB
cblr-9106	147	13	some	some	PRON
cblr-9106	147	14	of	of	ADP
cblr-9106	147	15	the	the	DET
cblr-9106	147	16	voluntary	voluntary	ADJ
cblr-9106	147	17	initiatives	initiative	NOUN
cblr-9106	147	18	that	that	PRON
cblr-9106	147	19	have	have	AUX
cblr-9106	147	20	pushed	push	VERB
cblr-9106	147	21	the	the	DET
cblr-9106	147	22	frontier	frontier	NOUN
cblr-9106	147	23	of	of	ADP
cblr-9106	147	24	corporate	corporate	ADJ
cblr-9106	147	25	climate	climate	NOUN
cblr-9106	147	26	disclosure	disclosure	NOUN
cblr-9106	147	27	practices	practice	NOUN
cblr-9106	147	28	in	in	ADP
cblr-9106	147	29	recent	recent	ADJ
cblr-9106	147	30	years	year	NOUN
cblr-9106	147	31	,	,	PUNCT
cblr-9106	147	32	part	part	NOUN
cblr-9106	147	33	iii	iii	NOUN
cblr-9106	147	34	outlines	outline	VERB
cblr-9106	147	35	the	the	DET
cblr-9106	147	36	rationales	rationale	NOUN
cblr-9106	147	37	for	for	ADP
cblr-9106	147	38	making	make	VERB
cblr-9106	147	39	climate	climate	NOUN
cblr-9106	147	40	disclosures	disclosure	NOUN
cblr-9106	147	41	mandatory	mandatory	ADJ
cblr-9106	147	42	.	.	PUNCT
cblr-9106	148	1	part	part	NOUN
cblr-9106	148	2	iv	iv	NUM
cblr-9106	148	3	discusses	discuss	VERB
cblr-9106	148	4	the	the	DET
cblr-9106	148	5	core	core	NOUN
cblr-9106	148	6	challenges	challenge	NOUN
cblr-9106	148	7	policymakers	policymaker	NOUN
cblr-9106	148	8	face	face	VERB
cblr-9106	148	9	in	in	ADP
cblr-9106	148	10	designing	design	VERB
cblr-9106	148	11	a	a	DET
cblr-9106	148	12	mandatory	mandatory	ADJ
cblr-9106	148	13	climate	climate	NOUN
cblr-9106	148	14	disclosure	disclosure	NOUN
cblr-9106	148	15	framework	framework	NOUN
cblr-9106	148	16	.	.	PUNCT
cblr-9106	149	1	part	part	NOUN
cblr-9106	149	2	v	v	NOUN
cblr-9106	149	3	concludes	conclude	VERB
cblr-9106	149	4	.	.	PUNCT
cblr-9106	150	1	ii	ii	X
cblr-9106	150	2	.	.	PUNCT
cblr-9106	150	3	climate	climate	NOUN
cblr-9106	150	4	risks	risk	NOUN
cblr-9106	150	5	and	and	CCONJ
cblr-9106	150	6	their	their	PRON
cblr-9106	150	7	relevance	relevance	NOUN
cblr-9106	150	8	for	for	ADP
cblr-9106	150	9	the	the	DET
cblr-9106	150	10	price	price	NOUN
cblr-9106	150	11	discovery	discovery	NOUN
cblr-9106	150	12	process	process	NOUN
cblr-9106	150	13	this	this	DET
cblr-9106	150	14	part	part	NOUN
cblr-9106	150	15	provides	provide	VERB
cblr-9106	150	16	a	a	DET
cblr-9106	150	17	primer	primer	NOUN
cblr-9106	150	18	on	on	ADP
cblr-9106	150	19	climate	climate	NOUN
cblr-9106	150	20	risks	risk	NOUN
cblr-9106	150	21	,	,	PUNCT
cblr-9106	150	22	outlines	outline	VERB
cblr-9106	150	23	the	the	DET
cblr-9106	150	24	challenges	challenge	NOUN
cblr-9106	150	25	of	of	ADP
cblr-9106	150	26	identifying	identify	VERB
cblr-9106	150	27	and	and	CCONJ
cblr-9106	150	28	assessing	assess	VERB
cblr-9106	150	29	them	they	PRON
cblr-9106	150	30	,	,	PUNCT
cblr-9106	150	31	and	and	CCONJ
cblr-9106	150	32	emphasizes	emphasize	VERB
cblr-9106	150	33	how	how	SCONJ
cblr-9106	150	34	the	the	DET
cblr-9106	150	35	correct	correct	ADJ
cblr-9106	150	36	pricing	pricing	NOUN
cblr-9106	150	37	of	of	ADP
cblr-9106	150	38	climate	climate	NOUN
cblr-9106	150	39	risks	risk	NOUN
cblr-9106	150	40	is	be	AUX
cblr-9106	150	41	not	not	PART
cblr-9106	150	42	only	only	ADV
cblr-9106	150	43	essential	essential	ADJ
cblr-9106	150	44	to	to	ADP
cblr-9106	150	45	efficient	efficient	ADJ
cblr-9106	150	46	capital	capital	NOUN
cblr-9106	150	47	allocation	allocation	NOUN
cblr-9106	150	48	but	but	CCONJ
cblr-9106	150	49	also	also	ADV
cblr-9106	150	50	to	to	PART
cblr-9106	150	51	facilitate	facilitate	VERB
cblr-9106	150	52	the	the	DET
cblr-9106	150	53	transition	transition	NOUN
cblr-9106	150	54	to	to	ADP
cblr-9106	150	55	a	a	DET
cblr-9106	150	56	net	net	ADJ
cblr-9106	150	57	-	-	PUNCT
cblr-9106	150	58	zero	zero	NUM
cblr-9106	150	59	economy	economy	NOUN
cblr-9106	150	60	and	and	CCONJ
cblr-9106	150	61	to	to	PART
cblr-9106	150	62	lower	lower	VERB
cblr-9106	150	63	the	the	DET
cblr-9106	150	64	risks	risk	NOUN
cblr-9106	150	65	to	to	ADP
cblr-9106	150	66	financial	financial	ADJ
cblr-9106	150	67	stability	stability	NOUN
cblr-9106	150	68	.	.	PUNCT
cblr-9106	151	1	a.	a.	NOUN
cblr-9106	151	2	climate	climate	NOUN
cblr-9106	151	3	risks	risk	NOUN
cblr-9106	151	4	and	and	CCONJ
cblr-9106	151	5	what	what	PRON
cblr-9106	151	6	we	we	PRON
cblr-9106	151	7	(	(	PUNCT
cblr-9106	151	8	do	do	AUX
cblr-9106	151	9	not	not	PART
cblr-9106	151	10	)	)	PUNCT
cblr-9106	151	11	know	know	VERB
cblr-9106	151	12	about	about	ADP
cblr-9106	151	13	them	they	PRON
cblr-9106	151	14	emerging	emerge	VERB
cblr-9106	151	15	consensus	consensus	NOUN
cblr-9106	151	16	distinguishes	distinguish	VERB
cblr-9106	151	17	between	between	ADP
cblr-9106	151	18	two	two	NUM
cblr-9106	151	19	major	major	ADJ
cblr-9106	151	20	categories	category	NOUN
cblr-9106	151	21	of	of	ADP
cblr-9106	151	22	climate	climate	NOUN
cblr-9106	151	23	risks	risk	NOUN
cblr-9106	151	24	for	for	ADP
cblr-9106	151	25	firms	firm	NOUN
cblr-9106	151	26	:	:	PUNCT
cblr-9106	151	27	“	"	PUNCT
cblr-9106	151	28	physical	physical	ADJ
cblr-9106	151	29	risks	risk	NOUN
cblr-9106	151	30	”	"	PUNCT
cblr-9106	151	31	and	and	CCONJ
cblr-9106	151	32	“	"	PUNCT
cblr-9106	151	33	transition	transition	NOUN
cblr-9106	151	34	risks	risk	NOUN
cblr-9106	151	35	.	.	PUNCT
cblr-9106	152	1	”41	”41	VERB
cblr-9106	152	2	“	"	PUNCT
cblr-9106	152	3	physical	physical	ADJ
cblr-9106	152	4	risks	risk	NOUN
cblr-9106	152	5	”	"	PUNCT
cblr-9106	152	6	are	be	AUX
cblr-9106	152	7	the	the	DET
cblr-9106	152	8	risk	risk	NOUN
cblr-9106	152	9	of	of	ADP
cblr-9106	152	10	damage	damage	NOUN
cblr-9106	152	11	to	to	ADP
cblr-9106	152	12	assets	asset	NOUN
cblr-9106	152	13	or	or	CCONJ
cblr-9106	152	14	operations	operation	NOUN
cblr-9106	152	15	due	due	ADJ
cblr-9106	152	16	to	to	ADP
cblr-9106	152	17	extreme	extreme	ADJ
cblr-9106	152	18	and	and	CCONJ
cblr-9106	152	19	acute	acute	ADJ
cblr-9106	152	20	weather	weather	NOUN
cblr-9106	152	21	events	event	NOUN
cblr-9106	152	22	such	such	ADJ
cblr-9106	152	23	as	as	ADP
cblr-9106	152	24	droughts	drought	NOUN
cblr-9106	152	25	,	,	PUNCT
cblr-9106	152	26	bushfires	bushfire	NOUN
cblr-9106	152	27	,	,	PUNCT
cblr-9106	152	28	floods	flood	NOUN
cblr-9106	152	29	,	,	PUNCT
cblr-9106	152	30	and	and	CCONJ
cblr-9106	152	31	hurricanes	hurricane	NOUN
cblr-9106	152	32	,	,	PUNCT
cblr-9106	152	33	as	as	ADV
cblr-9106	152	34	well	well	ADV
cblr-9106	152	35	as	as	ADP
cblr-9106	152	36	longer	long	ADJ
cblr-9106	152	37	41	41	NUM
cblr-9106	152	38	see	see	VERB
cblr-9106	152	39	,	,	PUNCT
cblr-9106	152	40	e.g.	e.g.	ADV
cblr-9106	152	41	,	,	PUNCT
cblr-9106	152	42	task	task	NOUN
cblr-9106	152	43	force	force	NOUN
cblr-9106	152	44	on	on	ADP
cblr-9106	152	45	climate	climate	NOUN
cblr-9106	152	46	-	-	PUNCT
cblr-9106	152	47	related	relate	VERB
cblr-9106	152	48	fin	fin	NOUN
cblr-9106	152	49	.	.	PUNCT
cblr-9106	153	1	disclosures	disclosure	NOUN
cblr-9106	153	2	,	,	PUNCT
cblr-9106	153	3	recommendations	recommendation	NOUN
cblr-9106	153	4	of	of	ADP
cblr-9106	153	5	the	the	DET
cblr-9106	153	6	task	task	NOUN
cblr-9106	153	7	force	force	NOUN
cblr-9106	153	8	on	on	ADP
cblr-9106	153	9	climate	climate	NOUN
cblr-9106	153	10	-	-	PUNCT
cblr-9106	153	11	related	relate	VERB
cblr-9106	153	12	financial	financial	ADJ
cblr-9106	153	13	disclosures	disclosure	NOUN
cblr-9106	153	14	5–6	5–6	NUM
cblr-9106	153	15	(	(	PUNCT
cblr-9106	153	16	2017	2017	NUM
cblr-9106	153	17	)	)	PUNCT
cblr-9106	153	18	,	,	PUNCT
cblr-9106	153	19	https://assets.bbhub.io/company/sites/60/2020/10/final-2017-tcfdreport-11052018.pdf	https://assets.bbhub.io/company/sites/60/2020/10/final-2017-tcfdreport-11052018.pdf	PROPN
cblr-9106	154	1	[	[	X
cblr-9106	154	2	https://perma.cc/2w4n-j6dk	https://perma.cc/2w4n-j6dk	PROPN
cblr-9106	154	3	]	]	X
cblr-9106	154	4	.	.	PUNCT
cblr-9106	155	1	no	no	INTJ
cblr-9106	155	2	.	.	NOUN
cblr-9106	156	1	3:1085	3:1085	NUM
cblr-9106	156	2	]	]	X
cblr-9106	156	3	mandatory	mandatory	ADJ
cblr-9106	156	4	corporate	corporate	ADJ
cblr-9106	156	5	climate	climate	NOUN
cblr-9106	156	6	disclosures	disclosure	NOUN
cblr-9106	156	7	1097	1097	NUM
cblr-9106	156	8	term	term	NOUN
cblr-9106	156	9	climatic	climatic	ADJ
cblr-9106	156	10	changes	change	NOUN
cblr-9106	156	11	,	,	PUNCT
cblr-9106	156	12	such	such	ADJ
cblr-9106	156	13	as	as	ADP
cblr-9106	156	14	rising	rise	VERB
cblr-9106	156	15	sea	sea	NOUN
cblr-9106	156	16	levels.42	levels.42	NOUN
cblr-9106	156	17	in	in	ADP
cblr-9106	156	18	early	early	ADJ
cblr-9106	156	19	2021	2021	NUM
cblr-9106	156	20	alone	alone	ADV
cblr-9106	156	21	,	,	PUNCT
cblr-9106	156	22	examples	example	NOUN
cblr-9106	156	23	of	of	ADP
cblr-9106	156	24	such	such	ADJ
cblr-9106	156	25	extreme	extreme	ADJ
cblr-9106	156	26	weather	weather	NOUN
cblr-9106	156	27	events	event	NOUN
cblr-9106	156	28	that	that	PRON
cblr-9106	156	29	climate	climate	NOUN
cblr-9106	156	30	change	change	NOUN
cblr-9106	156	31	likely	likely	ADV
cblr-9106	156	32	affected	affect	VERB
cblr-9106	156	33	include	include	VERB
cblr-9106	156	34	deadly	deadly	ADJ
cblr-9106	156	35	flooding	flooding	NOUN
cblr-9106	156	36	along	along	ADP
cblr-9106	156	37	the	the	DET
cblr-9106	156	38	river	river	NOUN
cblr-9106	156	39	meuse	meuse	NOUN
cblr-9106	156	40	in	in	ADP
cblr-9106	156	41	western	western	ADJ
cblr-9106	156	42	europe43	europe43	NOUN
cblr-9106	156	43	and	and	CCONJ
cblr-9106	156	44	extreme	extreme	ADJ
cblr-9106	156	45	heat	heat	NOUN
cblr-9106	156	46	(	(	PUNCT
cblr-9106	156	47	with	with	ADP
cblr-9106	156	48	record	record	NOUN
cblr-9106	156	49	temperatures	temperature	NOUN
cblr-9106	156	50	)	)	PUNCT
cblr-9106	156	51	in	in	ADP
cblr-9106	156	52	western	western	ADJ
cblr-9106	156	53	north	north	NOUN
cblr-9106	156	54	america.44	america.44	NOUN
cblr-9106	156	55	similarly	similarly	ADV
cblr-9106	156	56	,	,	PUNCT
cblr-9106	156	57	increasingly	increasingly	ADV
cblr-9106	156	58	prolonged	prolong	VERB
cblr-9106	156	59	dry	dry	ADJ
cblr-9106	156	60	seasons	season	NOUN
cblr-9106	156	61	and	and	CCONJ
cblr-9106	156	62	more	more	ADV
cblr-9106	156	63	intense	intense	ADJ
cblr-9106	156	64	evaporation	evaporation	NOUN
cblr-9106	156	65	have	have	AUX
cblr-9106	156	66	been	be	AUX
cblr-9106	156	67	significantly	significantly	ADV
cblr-9106	156	68	lowering	lower	VERB
cblr-9106	156	69	water	water	NOUN
cblr-9106	156	70	levels	level	NOUN
cblr-9106	156	71	in	in	ADP
cblr-9106	156	72	panama	panama	PROPN
cblr-9106	156	73	’s	’s	PART
cblr-9106	156	74	lake	lake	PROPN
cblr-9106	156	75	gatun	gatun	PROPN
cblr-9106	156	76	,	,	PUNCT
cblr-9106	156	77	a	a	DET
cblr-9106	156	78	key	key	ADJ
cblr-9106	156	79	part	part	NOUN
cblr-9106	156	80	of	of	ADP
cblr-9106	156	81	the	the	DET
cblr-9106	156	82	panama	panama	PROPN
cblr-9106	156	83	canal	canal	NOUN
cblr-9106	156	84	,	,	PUNCT
cblr-9106	156	85	threatening	threaten	VERB
cblr-9106	156	86	its	its	PRON
cblr-9106	156	87	status	status	NOUN
cblr-9106	156	88	as	as	ADP
cblr-9106	156	89	a	a	DET
cblr-9106	156	90	reliable	reliable	ADJ
cblr-9106	156	91	corridor	corridor	NOUN
cblr-9106	156	92	in	in	ADP
cblr-9106	156	93	international	international	ADJ
cblr-9106	156	94	supply	supply	NOUN
cblr-9106	156	95	chains.45	chains.45	VERB
cblr-9106	156	96	more	more	ADV
cblr-9106	156	97	dramatic	dramatic	ADJ
cblr-9106	156	98	estimates	estimate	NOUN
cblr-9106	156	99	suggest	suggest	VERB
cblr-9106	156	100	that	that	SCONJ
cblr-9106	156	101	large	large	ADJ
cblr-9106	156	102	parts	part	NOUN
cblr-9106	156	103	of	of	ADP
cblr-9106	156	104	the	the	DET
cblr-9106	156	105	world	world	NOUN
cblr-9106	156	106	might	might	AUX
cblr-9106	156	107	,	,	PUNCT
cblr-9106	156	108	if	if	SCONJ
cblr-9106	156	109	climate	climate	NOUN
cblr-9106	156	110	change	change	NOUN
cblr-9106	156	111	persists	persist	VERB
cblr-9106	156	112	,	,	PUNCT
cblr-9106	156	113	become	become	VERB
cblr-9106	156	114	unsuitable	unsuitable	ADJ
cblr-9106	156	115	for	for	ADP
cblr-9106	156	116	human	human	ADJ
cblr-9106	156	117	habitation	habitation	NOUN
cblr-9106	156	118	,	,	PUNCT
cblr-9106	156	119	potentially	potentially	ADV
cblr-9106	156	120	inviting	invite	VERB
cblr-9106	156	121	largescale	largescale	NOUN
cblr-9106	156	122	migration.46	migration.46	NOUN
cblr-9106	156	123	already	already	ADV
cblr-9106	156	124	,	,	PUNCT
cblr-9106	156	125	the	the	DET
cblr-9106	156	126	scale	scale	NOUN
cblr-9106	156	127	of	of	ADP
cblr-9106	156	128	damage	damage	NOUN
cblr-9106	156	129	wrought	work	VERB
cblr-9106	156	130	by	by	ADP
cblr-9106	156	131	catastrophic	catastrophic	ADJ
cblr-9106	156	132	weather	weather	NOUN
cblr-9106	156	133	events	event	NOUN
cblr-9106	156	134	intensified	intensify	VERB
cblr-9106	156	135	by	by	ADP
cblr-9106	156	136	climate	climate	NOUN
cblr-9106	156	137	change	change	NOUN
cblr-9106	156	138	is	be	AUX
cblr-9106	156	139	exceeding	exceed	VERB
cblr-9106	156	140	projections	projection	NOUN
cblr-9106	156	141	of	of	ADP
cblr-9106	156	142	future	future	NOUN
cblr-9106	156	143	changes.47	changes.47	ADP
cblr-9106	156	144	the	the	DET
cblr-9106	156	145	effects	effect	NOUN
cblr-9106	156	146	of	of	ADP
cblr-9106	156	147	temperature	temperature	NOUN
cblr-9106	156	148	change	change	NOUN
cblr-9106	156	149	are	be	AUX
cblr-9106	156	150	already	already	ADV
cblr-9106	156	151	estimated	estimate	VERB
cblr-9106	156	152	to	to	PART
cblr-9106	156	153	be	be	AUX
cblr-9106	156	154	affecting	affect	VERB
cblr-9106	156	155	economic	economic	ADJ
cblr-9106	156	156	activity	activity	NOUN
cblr-9106	156	157	quite	quite	ADV
cblr-9106	156	158	profoundly	profoundly	ADV
cblr-9106	156	159	in	in	ADP
cblr-9106	156	160	many	many	ADJ
cblr-9106	156	161	parts	part	NOUN
cblr-9106	156	162	of	of	ADP
cblr-9106	156	163	the	the	DET
cblr-9106	156	164	world.48	world.48	ADJ
cblr-9106	156	165	indirect	indirect	ADJ
cblr-9106	156	166	costs	cost	NOUN
cblr-9106	156	167	that	that	PRON
cblr-9106	156	168	companies	company	NOUN
cblr-9106	156	169	incur	incur	VERB
cblr-9106	156	170	when	when	SCONJ
cblr-9106	156	171	adapting	adapt	VERB
cblr-9106	156	172	to	to	ADP
cblr-9106	156	173	42	42	NUM
cblr-9106	156	174	i	i	PROPN
cblr-9106	156	175	d.	d.	PROPN
cblr-9106	156	176	at	at	ADP
cblr-9106	156	177	6	6	NUM
cblr-9106	156	178	.	.	SYM
cblr-9106	156	179	43	43	NUM
cblr-9106	156	180	see	see	VERB
cblr-9106	156	181	heavy	heavy	ADJ
cblr-9106	156	182	rainfall	rainfall	NOUN
cblr-9106	156	183	which	which	PRON
cblr-9106	156	184	led	lead	VERB
cblr-9106	156	185	to	to	ADP
cblr-9106	156	186	severe	severe	ADJ
cblr-9106	156	187	flooding	flooding	NOUN
cblr-9106	156	188	in	in	ADP
cblr-9106	156	189	western	western	PROPN
cblr-9106	156	190	europe	europe	PROPN
cblr-9106	156	191	made	make	VERB
cblr-9106	156	192	more	more	ADV
cblr-9106	156	193	likely	likely	ADJ
cblr-9106	156	194	by	by	ADP
cblr-9106	156	195	climate	climate	NOUN
cblr-9106	156	196	change	change	NOUN
cblr-9106	156	197	,	,	PUNCT
cblr-9106	156	198	world	world	NOUN
cblr-9106	156	199	weather	weather	NOUN
cblr-9106	156	200	attribution	attribution	NOUN
cblr-9106	156	201	(	(	PUNCT
cblr-9106	156	202	aug	aug	PROPN
cblr-9106	156	203	.	.	PROPN
cblr-9106	156	204	23	23	NUM
cblr-9106	156	205	,	,	PUNCT
cblr-9106	156	206	2021	2021	NUM
cblr-9106	156	207	)	)	PUNCT
cblr-9106	156	208	,	,	PUNCT
cblr-9106	156	209	https://www.worldweatherattribution.org/heavy-rainfall-whichled-to-severe-flooding-in-western-europe-made-more-likely-by-climatechange/	https://www.worldweatherattribution.org/heavy-rainfall-whichled-to-severe-flooding-in-western-europe-made-more-likely-by-climatechange/	PROPN
cblr-9106	157	1	[	[	X
cblr-9106	157	2	https://perma.cc/4vwm-jd6p	https://perma.cc/4vwm-jd6p	X
cblr-9106	157	3	]	]	X
cblr-9106	157	4	.	.	PUNCT
cblr-9106	158	1	44	44	NUM
cblr-9106	158	2	western	western	ADJ
cblr-9106	158	3	north	north	ADJ
cblr-9106	158	4	american	american	ADJ
cblr-9106	158	5	extreme	extreme	ADJ
cblr-9106	158	6	heat	heat	NOUN
cblr-9106	158	7	virtually	virtually	ADV
cblr-9106	158	8	impossible	impossible	ADJ
cblr-9106	158	9	without	without	ADP
cblr-9106	158	10	human	human	NOUN
cblr-9106	158	11	-	-	PUNCT
cblr-9106	158	12	caused	cause	VERB
cblr-9106	158	13	climate	climate	NOUN
cblr-9106	158	14	change	change	NOUN
cblr-9106	158	15	,	,	PUNCT
cblr-9106	158	16	world	world	NOUN
cblr-9106	158	17	weather	weather	NOUN
cblr-9106	158	18	attribution	attribution	NOUN
cblr-9106	158	19	(	(	PUNCT
cblr-9106	158	20	july	july	PROPN
cblr-9106	158	21	7	7	NUM
cblr-9106	158	22	,	,	PUNCT
cblr-9106	158	23	2021	2021	NUM
cblr-9106	158	24	)	)	PUNCT
cblr-9106	158	25	,	,	PUNCT
cblr-9106	158	26	https://www.worldweatherattribution.org/western-north-americanextreme-heat-virtually-impossible-without-human-caused-climate-change/	https://www.worldweatherattribution.org/western-north-americanextreme-heat-virtually-impossible-without-human-caused-climate-change/	PROPN
cblr-9106	159	1	[	[	X
cblr-9106	159	2	https://perma.cc/rc2s-5b9w	https://perma.cc/rc2s-5b9w	X
cblr-9106	159	3	]	]	X
cblr-9106	159	4	.	.	PUNCT
cblr-9106	160	1	45	45	NUM
cblr-9106	160	2	beyond	beyond	ADP
cblr-9106	160	3	seasonable	seasonable	ADJ
cblr-9106	160	4	drought	drought	NOUN
cblr-9106	160	5	:	:	PUNCT
cblr-9106	160	6	climate	climate	NOUN
cblr-9106	160	7	change	change	NOUN
cblr-9106	160	8	threatens	threaten	VERB
cblr-9106	160	9	the	the	DET
cblr-9106	160	10	panama	panama	PROPN
cblr-9106	160	11	canal	canal	NOUN
cblr-9106	160	12	,	,	PUNCT
cblr-9106	160	13	economist	economist	NOUN
cblr-9106	160	14	,	,	PUNCT
cblr-9106	160	15	sept	sept	PROPN
cblr-9106	160	16	.	.	PROPN
cblr-9106	160	17	21	21	NUM
cblr-9106	160	18	,	,	PUNCT
cblr-9106	160	19	2019	2019	NUM
cblr-9106	160	20	,	,	PUNCT
cblr-9106	160	21	at	at	ADP
cblr-9106	160	22	53	53	NUM
cblr-9106	160	23	,	,	PUNCT
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cblr-9106	160	25	[	[	X
cblr-9106	160	26	https://perma.cc/ntj6-ypkg	https://perma.cc/ntj6-ypkg	NUM
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cblr-9106	160	28	.	.	PUNCT
cblr-9106	161	1	46	46	NUM
cblr-9106	161	2	e.g.	e.g.	ADV
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cblr-9106	161	4	chi	chi	PROPN
cblr-9106	161	5	xu	xu	PROPN
cblr-9106	161	6	et	et	PROPN
cblr-9106	161	7	al	al	PROPN
cblr-9106	161	8	.	.	PROPN
cblr-9106	161	9	,	,	PUNCT
cblr-9106	161	10	future	future	NOUN
cblr-9106	161	11	of	of	ADP
cblr-9106	161	12	the	the	DET
cblr-9106	161	13	human	human	ADJ
cblr-9106	161	14	climate	climate	NOUN
cblr-9106	161	15	niche	niche	NOUN
cblr-9106	161	16	,	,	PUNCT
cblr-9106	161	17	117	117	NUM
cblr-9106	161	18	proc	proc	NOUN
cblr-9106	161	19	.	.	PUNCT
cblr-9106	162	1	nat’l	nat’l	PROPN
cblr-9106	162	2	acad	acad	PROPN
cblr-9106	162	3	.	.	PUNCT
cblr-9106	163	1	sci	sci	PROPN
cblr-9106	163	2	.	.	PUNCT
cblr-9106	164	1	u.s	u.s	PROPN
cblr-9106	164	2	.	.	PROPN
cblr-9106	164	3	11,350	11,350	NUM
cblr-9106	164	4	,	,	PUNCT
cblr-9106	164	5	11,350	11,350	NUM
cblr-9106	164	6	(	(	PUNCT
cblr-9106	164	7	2020	2020	NUM
cblr-9106	164	8	)	)	PUNCT
cblr-9106	164	9	,	,	PUNCT
cblr-9106	164	10	https://www.pnas.org/content/117/21/11350	https://www.pnas.org/content/117/21/11350	PROPN
cblr-9106	165	1	[	[	X
cblr-9106	165	2	https://perma.cc/kce4-96ms	https://perma.cc/kce4-96ms	NOUN
cblr-9106	165	3	]	]	PUNCT
cblr-9106	165	4	.	.	PUNCT
cblr-9106	166	1	47	47	NUM
cblr-9106	166	2	see	see	VERB
cblr-9106	166	3	david	david	PROPN
cblr-9106	166	4	j.	j.	PROPN
cblr-9106	166	5	frame	frame	PROPN
cblr-9106	166	6	et	et	PROPN
cblr-9106	166	7	al	al	PROPN
cblr-9106	166	8	.	.	PROPN
cblr-9106	166	9	,	,	PUNCT
cblr-9106	166	10	the	the	DET
cblr-9106	166	11	economic	economic	ADJ
cblr-9106	166	12	costs	cost	NOUN
cblr-9106	166	13	of	of	ADP
cblr-9106	166	14	hurricane	hurricane	NOUN
cblr-9106	166	15	harvey	harvey	NOUN
cblr-9106	166	16	attributable	attributable	ADJ
cblr-9106	166	17	to	to	ADP
cblr-9106	166	18	climate	climate	NOUN
cblr-9106	166	19	change	change	NOUN
cblr-9106	166	20	,	,	PUNCT
cblr-9106	166	21	160	160	NUM
cblr-9106	166	22	climatic	climatic	ADJ
cblr-9106	166	23	change	change	NOUN
cblr-9106	166	24	271	271	NUM
cblr-9106	166	25	,	,	PUNCT
cblr-9106	166	26	278	278	NUM
cblr-9106	166	27	(	(	PUNCT
cblr-9106	166	28	2020	2020	NUM
cblr-9106	166	29	)	)	PUNCT
cblr-9106	166	30	.	.	PUNCT
cblr-9106	167	1	48	48	NUM
cblr-9106	167	2	see	see	VERB
cblr-9106	167	3	marshall	marshall	PROPN
cblr-9106	167	4	burke	burke	PROPN
cblr-9106	167	5	,	,	PUNCT
cblr-9106	167	6	solomon	solomon	PROPN
cblr-9106	167	7	m.	m.	PROPN
cblr-9106	167	8	hsiang	hsiang	PROPN
cblr-9106	167	9	&	&	CCONJ
cblr-9106	167	10	edward	edward	PROPN
cblr-9106	167	11	miguel	miguel	PROPN
cblr-9106	167	12	,	,	PUNCT
cblr-9106	167	13	letter	letter	NOUN
cblr-9106	167	14	,	,	PUNCT
cblr-9106	167	15	global	global	ADJ
cblr-9106	167	16	non	non	ADJ
cblr-9106	167	17	-	-	ADJ
cblr-9106	167	18	linear	linear	ADJ
cblr-9106	167	19	effect	effect	NOUN
cblr-9106	167	20	of	of	ADP
cblr-9106	167	21	temperature	temperature	NOUN
cblr-9106	167	22	on	on	ADP
cblr-9106	167	23	economic	economic	ADJ
cblr-9106	167	24	production	production	NOUN
cblr-9106	167	25	,	,	PUNCT
cblr-9106	167	26	527	527	NUM
cblr-9106	167	27	nature	nature	NOUN
cblr-9106	167	28	235	235	NUM
cblr-9106	167	29	,	,	PUNCT
cblr-9106	167	30	236–37	236–37	PROPN
cblr-9106	167	31	(	(	PUNCT
cblr-9106	167	32	2015	2015	NUM
cblr-9106	167	33	)	)	PUNCT
cblr-9106	167	34	.	.	PUNCT
cblr-9106	168	1	1098	1098	NUM
cblr-9106	168	2	columbia	columbia	PROPN
cblr-9106	168	3	business	business	PROPN
cblr-9106	168	4	law	law	PROPN
cblr-9106	168	5	review	review	NOUN
cblr-9106	168	6	[	[	X
cblr-9106	168	7	vol	vol	NOUN
cblr-9106	168	8	.	.	PUNCT
cblr-9106	168	9	2021	2021	NUM
cblr-9106	169	1	these	these	DET
cblr-9106	169	2	circumstances	circumstance	NOUN
cblr-9106	169	3	,	,	PUNCT
cblr-9106	169	4	like	like	ADP
cblr-9106	169	5	heightened	heighten	VERB
cblr-9106	169	6	insurance	insurance	NOUN
cblr-9106	169	7	premia	premia	NOUN
cblr-9106	169	8	or	or	CCONJ
cblr-9106	169	9	cost	cost	NOUN
cblr-9106	169	10	of	of	ADP
cblr-9106	169	11	capital	capital	NOUN
cblr-9106	169	12	,	,	PUNCT
cblr-9106	169	13	are	be	AUX
cblr-9106	169	14	similarly	similarly	ADV
cblr-9106	169	15	a	a	DET
cblr-9106	169	16	materialization	materialization	NOUN
cblr-9106	169	17	of	of	ADP
cblr-9106	169	18	physical	physical	ADJ
cblr-9106	169	19	risks.49	risks.49	PROPN
cblr-9106	169	20	“	"	PUNCT
cblr-9106	169	21	transition	transition	NOUN
cblr-9106	169	22	risks	risk	NOUN
cblr-9106	169	23	”	"	PUNCT
cblr-9106	169	24	arise	arise	NOUN
cblr-9106	169	25	from	from	ADP
cblr-9106	169	26	society	society	NOUN
cblr-9106	169	27	’s	’s	PART
cblr-9106	169	28	response	response	NOUN
cblr-9106	169	29	to	to	ADP
cblr-9106	169	30	climate	climate	NOUN
cblr-9106	169	31	change50	change50	NOUN
cblr-9106	169	32	and	and	CCONJ
cblr-9106	169	33	encompass	encompass	VERB
cblr-9106	169	34	several	several	ADJ
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cblr-9106	169	36	,	,	PUNCT
cblr-9106	169	37	including	include	VERB
cblr-9106	169	38	policy	policy	NOUN
cblr-9106	169	39	risks	risk	NOUN
cblr-9106	169	40	(	(	PUNCT
cblr-9106	169	41	e.g.	e.g.	ADV
cblr-9106	169	42	,	,	PUNCT
cblr-9106	169	43	those	those	PRON
cblr-9106	169	44	stemming	stem	VERB
cblr-9106	169	45	from	from	ADP
cblr-9106	169	46	the	the	DET
cblr-9106	169	47	“	"	PUNCT
cblr-9106	169	48	potential	potential	ADJ
cblr-9106	169	49	introduction	introduction	NOUN
cblr-9106	169	50	of	of	ADP
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cblr-9106	169	52	carbon	carbon	NOUN
cblr-9106	169	53	-	-	PUNCT
cblr-9106	169	54	pricing	pricing	NOUN
cblr-9106	169	55	policies	policy	NOUN
cblr-9106	169	56	that	that	PRON
cblr-9106	169	57	can	can	AUX
cblr-9106	169	58	affect	affect	VERB
cblr-9106	169	59	the	the	DET
cblr-9106	169	60	returns	return	NOUN
cblr-9106	169	61	of	of	ADP
cblr-9106	169	62	assets	asset	NOUN
cblr-9106	169	63	related	relate	VERB
cblr-9106	169	64	with	with	ADP
cblr-9106	169	65	carbon	carbon	NOUN
cblr-9106	169	66	-	-	PUNCT
cblr-9106	169	67	intensive	intensive	ADJ
cblr-9106	169	68	technologies	technology	NOUN
cblr-9106	169	69	or	or	CCONJ
cblr-9106	169	70	processes”51	processes”51	NOUN
cblr-9106	169	71	)	)	PUNCT
cblr-9106	169	72	,	,	PUNCT
cblr-9106	169	73	technological	technological	ADJ
cblr-9106	169	74	risks	risk	NOUN
cblr-9106	169	75	(	(	PUNCT
cblr-9106	169	76	e.g.	e.g.	ADV
cblr-9106	169	77	,	,	PUNCT
cblr-9106	169	78	those	those	PRON
cblr-9106	169	79	arising	arise	VERB
cblr-9106	169	80	from	from	ADP
cblr-9106	169	81	changes	change	NOUN
cblr-9106	169	82	in	in	ADP
cblr-9106	169	83	the	the	DET
cblr-9106	169	84	costs	cost	NOUN
cblr-9106	169	85	of	of	ADP
cblr-9106	169	86	clean	clean	ADJ
cblr-9106	169	87	energy	energy	NOUN
cblr-9106	169	88	technologies52	technologies52	NOUN
cblr-9106	169	89	)	)	PUNCT
cblr-9106	169	90	,	,	PUNCT
cblr-9106	169	91	market	market	NOUN
cblr-9106	169	92	risks	risk	NOUN
cblr-9106	169	93	(	(	PUNCT
cblr-9106	169	94	e.g.	e.g.	ADV
cblr-9106	169	95	,	,	PUNCT
cblr-9106	169	96	related	relate	VERB
cblr-9106	169	97	to	to	ADP
cblr-9106	169	98	increasing	increase	VERB
cblr-9106	169	99	demand	demand	NOUN
cblr-9106	169	100	for	for	ADP
cblr-9106	169	101	sustainable	sustainable	ADJ
cblr-9106	169	102	products	product	NOUN
cblr-9106	169	103	)	)	PUNCT
cblr-9106	169	104	,	,	PUNCT
cblr-9106	169	105	liability	liability	NOUN
cblr-9106	169	106	risks	risk	NOUN
cblr-9106	169	107	(	(	PUNCT
cblr-9106	169	108	such	such	ADJ
cblr-9106	169	109	as	as	ADP
cblr-9106	169	110	the	the	DET
cblr-9106	169	111	risk	risk	NOUN
cblr-9106	169	112	of	of	ADP
cblr-9106	169	113	damages	damage	NOUN
cblr-9106	169	114	awards	award	NOUN
cblr-9106	169	115	in	in	ADP
cblr-9106	169	116	connection	connection	NOUN
cblr-9106	169	117	with	with	ADP
cblr-9106	169	118	climate	climate	NOUN
cblr-9106	169	119	-	-	PUNCT
cblr-9106	169	120	related	relate	VERB
cblr-9106	169	121	litigation,53	litigation,53	NOUN
cblr-9106	169	122	or	or	CCONJ
cblr-9106	169	123	of	of	ADP
cblr-9106	169	124	having	have	VERB
cblr-9106	169	125	to	to	PART
cblr-9106	169	126	change	change	VERB
cblr-9106	169	127	business	business	NOUN
cblr-9106	169	128	model	model	NOUN
cblr-9106	169	129	in	in	ADP
cblr-9106	169	130	line	line	NOUN
cblr-9106	169	131	with	with	ADP
cblr-9106	169	132	a	a	DET
cblr-9106	169	133	court	court	NOUN
cblr-9106	169	134	ruling	ruling	NOUN
cblr-9106	169	135	mandating	mandate	VERB
cblr-9106	169	136	emission	emission	NOUN
cblr-9106	169	137	cuts54	cuts54	NOUN
cblr-9106	169	138	)	)	PUNCT
cblr-9106	169	139	,	,	PUNCT
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cblr-9106	169	142	risks55	risks55	NOUN
cblr-9106	169	143	(	(	PUNCT
cblr-9106	169	144	e.g.	e.g.	ADV
cblr-9106	169	145	,	,	PUNCT
cblr-9106	169	146	the	the	DET
cblr-9106	169	147	risk	risk	NOUN
cblr-9106	169	148	of	of	ADP
cblr-9106	169	149	being	be	AUX
cblr-9106	169	150	perceived	perceive	VERB
cblr-9106	169	151	by	by	ADP
cblr-9106	169	152	customers	customer	NOUN
cblr-9106	169	153	as	as	ADP
cblr-9106	169	154	doing	do	VERB
cblr-9106	169	155	less	less	ADJ
cblr-9106	169	156	than	than	SCONJ
cblr-9106	169	157	competitors	competitor	NOUN
cblr-9106	169	158	to	to	PART
cblr-9106	169	159	tackle	tackle	VERB
cblr-9106	169	160	climate	climate	NOUN
cblr-9106	169	161	change	change	NOUN
cblr-9106	169	162	)	)	PUNCT
cblr-9106	169	163	.	.	PUNCT
cblr-9106	170	1	in	in	ADP
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cblr-9106	170	3	,	,	PUNCT
cblr-9106	170	4	the	the	DET
cblr-9106	170	5	49	49	NUM
cblr-9106	170	6	condon	condon	PROPN
cblr-9106	170	7	et	et	PROPN
cblr-9106	170	8	al	al	PROPN
cblr-9106	170	9	.	.	PROPN
cblr-9106	170	10	,	,	PUNCT
cblr-9106	170	11	supra	supra	PROPN
cblr-9106	170	12	note	note	PROPN
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cblr-9106	170	14	,	,	PUNCT
cblr-9106	170	15	at	at	ADP
cblr-9106	170	16	3	3	NUM
cblr-9106	170	17	.	.	NOUN
cblr-9106	170	18	50	50	NUM
cblr-9106	170	19	task	task	NOUN
cblr-9106	170	20	force	force	NOUN
cblr-9106	170	21	on	on	ADP
cblr-9106	170	22	climate	climate	NOUN
cblr-9106	170	23	-	-	PUNCT
cblr-9106	170	24	related	relate	VERB
cblr-9106	170	25	fin	fin	NOUN
cblr-9106	170	26	.	.	PUNCT
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cblr-9106	171	2	,	,	PUNCT
cblr-9106	171	3	supra	supra	PROPN
cblr-9106	171	4	note	note	NOUN
cblr-9106	171	5	41	41	NUM
cblr-9106	171	6	,	,	PUNCT
cblr-9106	171	7	at	at	ADP
cblr-9106	171	8	5	5	NUM
cblr-9106	171	9	.	.	PUNCT
cblr-9106	171	10	51	51	NUM
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cblr-9106	171	16	,	,	PUNCT
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cblr-9106	171	19	change	change	NOUN
cblr-9106	171	20	risks	risk	NOUN
cblr-9106	171	21	:	:	PUNCT
cblr-9106	171	22	capm	capm	NOUN
cblr-9106	171	23	with	with	ADP
cblr-9106	171	24	rare	rare	ADJ
cblr-9106	171	25	disasters	disaster	NOUN
cblr-9106	171	26	and	and	CCONJ
cblr-9106	171	27	stochastic	stochastic	ADJ
cblr-9106	171	28	probabilities	probability	NOUN
cblr-9106	171	29	1	1	NUM
cblr-9106	171	30	(	(	PUNCT
cblr-9106	171	31	ctr	ctr	PROPN
cblr-9106	171	32	.	.	PROPN
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cblr-9106	171	35	.	.	PUNCT
cblr-9106	172	1	rsch	rsch	PROPN
cblr-9106	172	2	.	.	PUNCT
cblr-9106	173	1	at	at	ADP
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cblr-9106	173	6	paper	paper	NOUN
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cblr-9106	173	8	.	.	PUNCT
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cblr-9106	173	25	(	(	PUNCT
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cblr-9106	174	1	52	52	NUM
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cblr-9106	174	12	estimating	estimate	VERB
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cblr-9106	174	17	transition	transition	NOUN
cblr-9106	174	18	scenarios	scenario	NOUN
cblr-9106	174	19	using	use	VERB
cblr-9106	174	20	probabilistic	probabilistic	ADJ
cblr-9106	174	21	forecasting	forecasting	NOUN
cblr-9106	174	22	methods	method	NOUN
cblr-9106	174	23	10	10	NUM
cblr-9106	174	24	–	–	PUNCT
cblr-9106	174	25	12	12	NUM
cblr-9106	174	26	(	(	PUNCT
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cblr-9106	174	28	.	.	PROPN
cblr-9106	175	1	for	for	ADP
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cblr-9106	175	4	.	.	PUNCT
cblr-9106	176	1	thinking	think	VERB
cblr-9106	176	2	at	at	ADP
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cblr-9106	176	4	martin	martin	PROPN
cblr-9106	176	5	school	school	PROPN
cblr-9106	176	6	,	,	PUNCT
cblr-9106	176	7	working	working	NOUN
cblr-9106	176	8	paper	paper	NOUN
cblr-9106	176	9	no	no	NOUN
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cblr-9106	176	11	2021	2021	NUM
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cblr-9106	179	5	,	,	PUNCT
cblr-9106	179	6	joana	joana	PROPN
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cblr-9106	179	10	higham	higham	PROPN
cblr-9106	179	11	,	,	PUNCT
cblr-9106	179	12	global	global	ADJ
cblr-9106	179	13	trends	trend	NOUN
cblr-9106	179	14	in	in	ADP
cblr-9106	179	15	climate	climate	NOUN
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cblr-9106	179	18	:	:	PUNCT
cblr-9106	179	19	2021	2021	NUM
cblr-9106	179	20	snapshot	snapshot	NOUN
cblr-9106	179	21	5–7	5–7	NUM
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cblr-9106	179	25	,	,	PUNCT
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cblr-9106	179	27	[	[	X
cblr-9106	179	28	https://perma.cc/4cvx-fp3	https://perma.cc/4cvx-fp3	X
cblr-9106	179	29	m	m	X
cblr-9106	179	30	]	]	X
cblr-9106	179	31	(	(	PUNCT
cblr-9106	179	32	providing	provide	VERB
cblr-9106	179	33	an	an	DET
cblr-9106	179	34	overview	overview	NOUN
cblr-9106	179	35	of	of	ADP
cblr-9106	179	36	global	global	ADJ
cblr-9106	179	37	trends	trend	NOUN
cblr-9106	179	38	on	on	ADP
cblr-9106	179	39	climate	climate	NOUN
cblr-9106	179	40	litigation	litigation	NOUN
cblr-9106	179	41	)	)	PUNCT
cblr-9106	179	42	.	.	PUNCT
cblr-9106	180	1	54	54	NUM
cblr-9106	180	2	on	on	ADP
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cblr-9106	180	5	,	,	PUNCT
cblr-9106	180	6	2021	2021	NUM
cblr-9106	180	7	,	,	PUNCT
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cblr-9106	180	15	shell	shell	NOUN
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cblr-9106	180	17	cut	cut	VERB
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cblr-9106	180	19	greenhouse	greenhouse	NOUN
cblr-9106	180	20	gas	gas	NOUN
cblr-9106	180	21	emissions	emission	NOUN
cblr-9106	180	22	by	by	ADP
cblr-9106	180	23	forty	forty	NUM
cblr-9106	180	24	-	-	PUNCT
cblr-9106	180	25	five	five	NUM
cblr-9106	180	26	percent	percent	NOUN
cblr-9106	180	27	by	by	ADP
cblr-9106	180	28	2030	2030	NUM
cblr-9106	180	29	relative	relative	ADJ
cblr-9106	180	30	to	to	ADP
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cblr-9106	180	32	,	,	PUNCT
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cblr-9106	182	5	2021	2021	NUM
cblr-9106	182	6	,	,	PUNCT
cblr-9106	182	7	nj	nj	PROPN
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cblr-9106	182	9	,	,	PUNCT
cblr-9106	182	10	c/09/571932	c/09/571932	NOUN
cblr-9106	182	11	m.nt	m.nt	PROPN
cblr-9106	182	12	.	.	PUNCT
cblr-9106	183	1	(	(	PUNCT
cblr-9106	183	2	milieudefensie	milieudefensie	NOUN
cblr-9106	183	3	et	et	NOUN
cblr-9106	183	4	al./	al./	ADV
cblr-9106	183	5	royal	royal	PROPN
cblr-9106	183	6	dutch	dutch	PROPN
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cblr-9106	183	8	plc	plc	PROPN
cblr-9106	183	9	.	.	PUNCT
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cblr-9106	184	1	(	(	PUNCT
cblr-9106	184	2	neth	neth	NOUN
cblr-9106	184	3	.	.	PUNCT
cblr-9106	184	4	)	)	PUNCT
cblr-9106	184	5	.	.	PUNCT
cblr-9106	185	1	55	55	NUM
cblr-9106	185	2	condon	condon	PROPN
cblr-9106	185	3	et	et	PROPN
cblr-9106	185	4	al	al	PROPN
cblr-9106	185	5	,	,	PUNCT
cblr-9106	185	6	supra	supra	PROPN
cblr-9106	185	7	note	note	PROPN
cblr-9106	185	8	34	34	NUM
cblr-9106	185	9	,	,	PUNCT
cblr-9106	185	10	at	at	ADP
cblr-9106	185	11	6	6	NUM
cblr-9106	185	12	.	.	PUNCT
cblr-9106	186	1	no	no	INTJ
cblr-9106	186	2	.	.	NOUN
cblr-9106	187	1	3:1085	3:1085	NUM
cblr-9106	187	2	]	]	X
cblr-9106	187	3	mandatory	mandatory	ADJ
cblr-9106	187	4	corporate	corporate	ADJ
cblr-9106	187	5	climate	climate	NOUN
cblr-9106	187	6	disclosures	disclosure	NOUN
cblr-9106	187	7	1099	1099	NUM
cblr-9106	187	8	net	net	ADJ
cblr-9106	187	9	-	-	PUNCT
cblr-9106	187	10	zero	zero	NUM
cblr-9106	187	11	transition	transition	NOUN
cblr-9106	187	12	stipulated	stipulate	VERB
cblr-9106	187	13	by	by	ADP
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cblr-9106	187	15	paris	paris	PROPN
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cblr-9106	187	17	is	be	AUX
cblr-9106	187	18	bound	bind	VERB
cblr-9106	187	19	to	to	PART
cblr-9106	187	20	create	create	VERB
cblr-9106	187	21	winners	winner	NOUN
cblr-9106	187	22	and	and	CCONJ
cblr-9106	187	23	losers	loser	NOUN
cblr-9106	187	24	.	.	PUNCT
cblr-9106	188	1	companies	company	NOUN
cblr-9106	188	2	’	'	PUNCT
cblr-9106	188	3	actions	action	NOUN
cblr-9106	188	4	,	,	PUNCT
cblr-9106	188	5	and	and	CCONJ
cblr-9106	188	6	their	their	PRON
cblr-9106	188	7	relationship	relationship	NOUN
cblr-9106	188	8	to	to	ADP
cblr-9106	188	9	the	the	DET
cblr-9106	188	10	actions	action	NOUN
cblr-9106	188	11	taken	take	VERB
cblr-9106	188	12	by	by	ADP
cblr-9106	188	13	others	other	NOUN
cblr-9106	188	14	,	,	PUNCT
cblr-9106	188	15	will	will	AUX
cblr-9106	188	16	determine	determine	VERB
cblr-9106	188	17	how	how	SCONJ
cblr-9106	188	18	each	each	PRON
cblr-9106	188	19	of	of	ADP
cblr-9106	188	20	them	they	PRON
cblr-9106	188	21	will	will	AUX
cblr-9106	188	22	fare	fare	VERB
cblr-9106	188	23	.	.	PUNCT
cblr-9106	189	1	for	for	ADP
cblr-9106	189	2	instance	instance	NOUN
cblr-9106	189	3	,	,	PUNCT
cblr-9106	189	4	the	the	DET
cblr-9106	189	5	combustion	combustion	NOUN
cblr-9106	189	6	of	of	ADP
cblr-9106	189	7	fossil	fossil	NOUN
cblr-9106	189	8	fuel	fuel	NOUN
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cblr-9106	189	10	currently	currently	ADV
cblr-9106	189	11	on	on	ADP
cblr-9106	189	12	the	the	DET
cblr-9106	189	13	books	book	NOUN
cblr-9106	189	14	of	of	ADP
cblr-9106	189	15	companies	company	NOUN
cblr-9106	189	16	would	would	AUX
cblr-9106	189	17	emit	emit	VERB
cblr-9106	189	18	more	more	ADJ
cblr-9106	189	19	carbon	carbon	NOUN
cblr-9106	189	20	into	into	ADP
cblr-9106	189	21	the	the	DET
cblr-9106	189	22	atmosphere	atmosphere	NOUN
cblr-9106	189	23	than	than	ADP
cblr-9106	189	24	transition	transition	NOUN
cblr-9106	189	25	pathways	pathway	NOUN
cblr-9106	189	26	consistent	consistent	ADJ
cblr-9106	189	27	with	with	ADP
cblr-9106	189	28	the	the	DET
cblr-9106	189	29	paris	paris	PROPN
cblr-9106	189	30	agreement	agreement	PROPN
cblr-9106	189	31	envisage56	envisage56	PROPN
cblr-9106	190	1	and	and	CCONJ
cblr-9106	190	2	there	there	PRON
cblr-9106	190	3	is	be	VERB
cblr-9106	190	4	a	a	DET
cblr-9106	190	5	surplus	surplus	NOUN
cblr-9106	190	6	of	of	ADP
cblr-9106	190	7	assets	asset	NOUN
cblr-9106	190	8	(	(	PUNCT
cblr-9106	190	9	e.g.	e.g.	ADV
cblr-9106	190	10	,	,	PUNCT
cblr-9106	190	11	refineries	refinery	NOUN
cblr-9106	190	12	,	,	PUNCT
cblr-9106	190	13	power	power	NOUN
cblr-9106	190	14	plants	plant	NOUN
cblr-9106	190	15	)	)	PUNCT
cblr-9106	190	16	that	that	PRON
cblr-9106	190	17	use	use	VERB
cblr-9106	190	18	them.57	them.57	NOUN
cblr-9106	190	19	as	as	SCONJ
cblr-9106	190	20	progress	progress	NOUN
cblr-9106	190	21	is	be	AUX
cblr-9106	190	22	made	make	VERB
cblr-9106	190	23	in	in	ADP
cblr-9106	190	24	the	the	DET
cblr-9106	190	25	direction	direction	NOUN
cblr-9106	190	26	of	of	ADP
cblr-9106	190	27	a	a	DET
cblr-9106	190	28	net	net	ADJ
cblr-9106	190	29	-	-	PUNCT
cblr-9106	190	30	zero	zero	NUM
cblr-9106	190	31	economy	economy	NOUN
cblr-9106	190	32	,	,	PUNCT
cblr-9106	190	33	these	these	DET
cblr-9106	190	34	assets	asset	NOUN
cblr-9106	190	35	are	be	AUX
cblr-9106	190	36	likely	likely	ADJ
cblr-9106	190	37	to	to	PART
cblr-9106	190	38	become	become	VERB
cblr-9106	190	39	stranded.58	stranded.58	ADJ
cblr-9106	190	40	although	although	SCONJ
cblr-9106	190	41	investors	investor	NOUN
cblr-9106	190	42	and	and	CCONJ
cblr-9106	190	43	regulators	regulator	NOUN
cblr-9106	190	44	acknowledge	acknowledge	VERB
cblr-9106	190	45	the	the	DET
cblr-9106	190	46	salience	salience	NOUN
cblr-9106	190	47	of	of	ADP
cblr-9106	190	48	climate	climate	NOUN
cblr-9106	190	49	risks,59	risks,59	VERB
cblr-9106	190	50	quantifying	quantify	VERB
cblr-9106	190	51	their	their	PRON
cblr-9106	190	52	financial	financial	ADJ
cblr-9106	190	53	impacts	impact	NOUN
cblr-9106	190	54	is	be	AUX
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cblr-9106	190	56	.	.	PUNCT
cblr-9106	191	1	in	in	ADP
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cblr-9106	191	4	,	,	PUNCT
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cblr-9106	191	13	of	of	ADP
cblr-9106	191	14	climate	climate	NOUN
cblr-9106	191	15	risks	risk	NOUN
cblr-9106	191	16	,	,	PUNCT
cblr-9106	191	17	which	which	PRON
cblr-9106	191	18	also	also	ADV
cblr-9106	191	19	have	have	VERB
cblr-9106	191	20	a	a	DET
cblr-9106	191	21	bearing	bearing	NOUN
cblr-9106	191	22	56	56	NUM
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cblr-9106	191	24	,	,	PUNCT
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cblr-9106	191	26	,	,	PUNCT
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cblr-9106	191	32	,	,	PUNCT
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cblr-9106	191	34	fossil	fossil	NOUN
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cblr-9106	191	36	in	in	ADP
cblr-9106	191	37	a	a	DET
cblr-9106	191	38	1.5	1.5	NUM
cblr-9106	191	39	°	°	NOUN
cblr-9106	191	40	c	c	NOUN
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cblr-9106	191	42	,	,	PUNCT
cblr-9106	191	43	597	597	NUM
cblr-9106	191	44	nature	nature	NOUN
cblr-9106	191	45	230	230	NUM
cblr-9106	191	46	,	,	PUNCT
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cblr-9106	191	71	,	,	PUNCT
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cblr-9106	191	73	–	–	PUNCT
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cblr-9106	191	90	,	,	PUNCT
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cblr-9106	191	93	2	2	NUM
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cblr-9106	191	101	generation	generation	NOUN
cblr-9106	191	102	:	:	PUNCT
cblr-9106	191	103	committed	commit	VERB
cblr-9106	191	104	cumulative	cumulative	ADJ
cblr-9106	191	105	carbon	carbon	NOUN
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cblr-9106	191	110	generation	generation	NOUN
cblr-9106	191	111	sector	sector	NOUN
cblr-9106	191	112	and	and	CCONJ
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cblr-9106	191	115	to	to	ADP
cblr-9106	191	116	a	a	DET
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cblr-9106	191	119	,	,	PUNCT
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cblr-9106	191	126	(	(	PUNCT
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cblr-9106	191	129	.	.	PUNCT
cblr-9106	192	1	58	58	NUM
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cblr-9106	192	3	,	,	PUNCT
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cblr-9106	192	10	,	,	PUNCT
cblr-9106	192	11	introduction	introduction	NOUN
cblr-9106	192	12	to	to	ADP
cblr-9106	192	13	special	special	ADJ
cblr-9106	192	14	issue	issue	NOUN
cblr-9106	192	15	:	:	PUNCT
cblr-9106	192	16	stranded	strand	VERB
cblr-9106	192	17	assets	asset	NOUN
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cblr-9106	192	21	,	,	PUNCT
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cblr-9106	192	27	&	&	CCONJ
cblr-9106	192	28	inv	inv	PROPN
cblr-9106	192	29	.	.	PUNCT
cblr-9106	193	1	(	(	PUNCT
cblr-9106	193	2	special	special	ADJ
cblr-9106	193	3	issue	issue	NOUN
cblr-9106	193	4	)	)	PUNCT
cblr-9106	193	5	1	1	NUM
cblr-9106	193	6	,	,	PUNCT
cblr-9106	193	7	3	3	NUM
cblr-9106	193	8	(	(	PUNCT
cblr-9106	193	9	2017	2017	NUM
cblr-9106	193	10	)	)	PUNCT
cblr-9106	193	11	]	]	PUNCT
cblr-9106	193	12	;	;	PUNCT
cblr-9106	193	13	mercure	mercure	NOUN
cblr-9106	193	14	et	et	PROPN
cblr-9106	193	15	al	al	PROPN
cblr-9106	193	16	.	.	PROPN
cblr-9106	193	17	,	,	PUNCT
cblr-9106	193	18	supra	supra	PROPN
cblr-9106	193	19	note	note	PROPN
cblr-9106	193	20	27	27	NUM
cblr-9106	193	21	,	,	PUNCT
cblr-9106	193	22	at	at	ADP
cblr-9106	193	23	591–92	591–92	NUM
cblr-9106	193	24	;	;	PUNCT
cblr-9106	193	25	lucas	lucas	PROPN
cblr-9106	193	26	kruitwagen	kruitwagen	PROPN
cblr-9106	193	27	et	et	PROPN
cblr-9106	193	28	al	al	PROPN
cblr-9106	193	29	.	.	PROPN
cblr-9106	193	30	,	,	PUNCT
cblr-9106	193	31	asset	asset	NOUN
cblr-9106	193	32	-	-	PUNCT
cblr-9106	193	33	level	level	NOUN
cblr-9106	193	34	transition	transition	NOUN
cblr-9106	193	35	risk	risk	NOUN
cblr-9106	193	36	in	in	ADP
cblr-9106	193	37	the	the	DET
cblr-9106	193	38	global	global	ADJ
cblr-9106	193	39	coal	coal	NOUN
cblr-9106	193	40	,	,	PUNCT
cblr-9106	193	41	oil	oil	NOUN
cblr-9106	193	42	,	,	PUNCT
cblr-9106	193	43	and	and	CCONJ
cblr-9106	193	44	gas	gas	NOUN
cblr-9106	193	45	supply	supply	NOUN
cblr-9106	193	46	chains	chain	NOUN
cblr-9106	193	47	4	4	NUM
cblr-9106	193	48	(	(	PUNCT
cblr-9106	193	49	feb	feb	X
cblr-9106	193	50	.	.	PROPN
cblr-9106	193	51	10	10	NUM
cblr-9106	193	52	,	,	PUNCT
cblr-9106	193	53	2021	2021	NUM
cblr-9106	193	54	)	)	PUNCT
cblr-9106	193	55	(	(	PUNCT
cblr-9106	193	56	unpublished	unpublished	ADJ
cblr-9106	193	57	manuscript	manuscript	NOUN
cblr-9106	193	58	)	)	PUNCT
cblr-9106	193	59	,	,	PUNCT
cblr-9106	193	60	https://ssrn.com/abstract=3783412	https://ssrn.com/abstract=3783412	NOUN
cblr-9106	193	61	(	(	PUNCT
cblr-9106	193	62	on	on	ADP
cblr-9106	193	63	file	file	NOUN
cblr-9106	193	64	with	with	ADP
cblr-9106	193	65	the	the	DET
cblr-9106	193	66	columbia	columbia	PROPN
cblr-9106	193	67	business	business	PROPN
cblr-9106	193	68	law	law	PROPN
cblr-9106	193	69	review	review	PROPN
cblr-9106	193	70	)	)	PUNCT
cblr-9106	193	71	.	.	PUNCT
cblr-9106	194	1	59	59	NUM
cblr-9106	194	2	see	see	VERB
cblr-9106	194	3	,	,	PUNCT
cblr-9106	194	4	e.g.	e.g.	ADV
cblr-9106	194	5	,	,	PUNCT
cblr-9106	194	6	tchrs	tchrs	PROPN
cblr-9106	194	7	.	.	PUNCT
cblr-9106	195	1	ins	ins	PROPN
cblr-9106	195	2	.	.	PROPN
cblr-9106	195	3	&	&	CCONJ
cblr-9106	195	4	annuity	annuity	PROPN
cblr-9106	195	5	assoc	assoc	PROPN
cblr-9106	195	6	,	,	PUNCT
cblr-9106	195	7	of	of	ADP
cblr-9106	195	8	am	am	PROPN
cblr-9106	195	9	.	.	PUNCT
cblr-9106	195	10	,	,	PUNCT
cblr-9106	195	11	comment	comment	NOUN
cblr-9106	195	12	letter	letter	NOUN
cblr-9106	195	13	on	on	ADP
cblr-9106	195	14	public	public	ADJ
cblr-9106	195	15	input	input	NOUN
cblr-9106	195	16	welcomed	welcome	VERB
cblr-9106	195	17	on	on	ADP
cblr-9106	195	18	climate	climate	NOUN
cblr-9106	195	19	change	change	NOUN
cblr-9106	195	20	disclosures	disclosure	NOUN
cblr-9106	195	21	(	(	PUNCT
cblr-9106	195	22	june	june	PROPN
cblr-9106	195	23	11	11	NUM
cblr-9106	195	24	,	,	PUNCT
cblr-9106	195	25	2021	2021	NUM
cblr-9106	195	26	)	)	PUNCT
cblr-9106	195	27	,	,	PUNCT
cblr-9106	196	1	https://www.sec.gov/comments/climate-disclosure/cll12-8907502244231.pdf	https://www.sec.gov/comments/climate-disclosure/cll12-8907502244231.pdf	NOUN
cblr-9106	197	1	[	[	X
cblr-9106	197	2	https://perma.cc/mp5l-qukk	https://perma.cc/mp5l-qukk	X
cblr-9106	197	3	]	]	X
cblr-9106	197	4	(	(	PUNCT
cblr-9106	197	5	“	"	PUNCT
cblr-9106	197	6	[	[	X
cblr-9106	197	7	w]e	w]e	NOUN
cblr-9106	197	8	believe	believe	VERB
cblr-9106	197	9	that	that	SCONJ
cblr-9106	197	10	climate	climate	NOUN
cblr-9106	197	11	risk	risk	NOUN
cblr-9106	197	12	is	be	AUX
cblr-9106	197	13	inherently	inherently	ADV
cblr-9106	197	14	material	material	ADJ
cblr-9106	197	15	and	and	CCONJ
cblr-9106	197	16	related	relate	VERB
cblr-9106	197	17	to	to	ADP
cblr-9106	197	18	a	a	DET
cblr-9106	197	19	company	company	NOUN
cblr-9106	197	20	’s	’s	PART
cblr-9106	197	21	financial	financial	ADJ
cblr-9106	197	22	health	health	NOUN
cblr-9106	197	23	[	[	X
cblr-9106	197	24	.	.	X
cblr-9106	197	25	]	]	X
cblr-9106	197	26	”	"	PUNCT
cblr-9106	197	27	)	)	PUNCT
cblr-9106	197	28	;	;	PUNCT
cblr-9106	197	29	allison	allison	PROPN
cblr-9106	197	30	herren	herren	PROPN
cblr-9106	197	31	lee	lee	PROPN
cblr-9106	197	32	,	,	PUNCT
cblr-9106	197	33	statement	statement	NOUN
cblr-9106	197	34	:	:	PUNCT
cblr-9106	197	35	public	public	ADJ
cblr-9106	197	36	input	input	NOUN
cblr-9106	197	37	welcomed	welcome	VERB
cblr-9106	197	38	on	on	ADP
cblr-9106	197	39	climate	climate	NOUN
cblr-9106	197	40	change	change	NOUN
cblr-9106	197	41	disclosures	disclosure	NOUN
cblr-9106	197	42	,	,	PUNCT
cblr-9106	197	43	u.s	u.s	PROPN
cblr-9106	197	44	.	.	PROPN
cblr-9106	197	45	sec	sec	PROPN
cblr-9106	197	46	&	&	CCONJ
cblr-9106	197	47	exch	exch	PROPN
cblr-9106	197	48	.	.	PUNCT
cblr-9106	198	1	comm’n	comm’n	PROPN
cblr-9106	198	2	(	(	PUNCT
cblr-9106	198	3	mar	mar	PROPN
cblr-9106	198	4	.	.	PROPN
cblr-9106	198	5	15	15	NUM
cblr-9106	198	6	,	,	PUNCT
cblr-9106	198	7	2021	2021	NUM
cblr-9106	198	8	)	)	PUNCT
cblr-9106	198	9	https://www.sec.gov/news/public-statement/lee-climate-change-disclosures	https://www.sec.gov/news/public-statement/lee-climate-change-disclosure	VERB
cblr-9106	199	1	[	[	X
cblr-9106	199	2	https://perma.cc/es5v-bl97	https://perma.cc/es5v-bl97	X
cblr-9106	199	3	]	]	X
cblr-9106	199	4	.	.	PUNCT
cblr-9106	199	5	1100	1100	NUM
cblr-9106	199	6	columbia	columbia	PROPN
cblr-9106	199	7	business	business	PROPN
cblr-9106	199	8	law	law	PROPN
cblr-9106	199	9	review	review	NOUN
cblr-9106	199	10	[	[	X
cblr-9106	199	11	vol	vol	NOUN
cblr-9106	199	12	.	.	NOUN
cblr-9106	199	13	2021	2021	NUM
cblr-9106	199	14	on	on	ADP
cblr-9106	199	15	why	why	SCONJ
cblr-9106	199	16	and	and	CCONJ
cblr-9106	199	17	how	how	SCONJ
cblr-9106	199	18	firms	firm	NOUN
cblr-9106	199	19	’	'	PUNCT
cblr-9106	199	20	exposure	exposure	NOUN
cblr-9106	199	21	to	to	ADP
cblr-9106	199	22	them	they	PRON
cblr-9106	199	23	should	should	AUX
cblr-9106	199	24	be	be	AUX
cblr-9106	199	25	disclosed.60	disclosed.60	VERB
cblr-9106	199	26	four	four	NUM
cblr-9106	199	27	such	such	ADJ
cblr-9106	199	28	features	feature	NOUN
cblr-9106	199	29	stand	stand	VERB
cblr-9106	199	30	out	out	ADP
cblr-9106	199	31	.	.	PUNCT
cblr-9106	200	1	first	first	ADV
cblr-9106	200	2	,	,	PUNCT
cblr-9106	200	3	climate	climate	NOUN
cblr-9106	200	4	risks	risk	NOUN
cblr-9106	200	5	will	will	AUX
cblr-9106	200	6	play	play	VERB
cblr-9106	200	7	out	out	ADP
cblr-9106	200	8	over	over	ADP
cblr-9106	200	9	long	long	ADJ
cblr-9106	200	10	time	time	NOUN
cblr-9106	200	11	horizons	horizon	NOUN
cblr-9106	200	12	,	,	PUNCT
cblr-9106	200	13	exceeding	exceed	VERB
cblr-9106	200	14	those	those	PRON
cblr-9106	200	15	used	use	VERB
cblr-9106	200	16	in	in	ADP
cblr-9106	200	17	traditional	traditional	ADJ
cblr-9106	200	18	business	business	NOUN
cblr-9106	200	19	and	and	CCONJ
cblr-9106	200	20	investment	investment	NOUN
cblr-9106	200	21	planning.61	planning.61	NOUN
cblr-9106	200	22	while	while	SCONJ
cblr-9106	200	23	action	action	NOUN
cblr-9106	200	24	to	to	PART
cblr-9106	200	25	tackle	tackle	VERB
cblr-9106	200	26	climate	climate	NOUN
cblr-9106	200	27	change	change	NOUN
cblr-9106	200	28	is	be	AUX
cblr-9106	200	29	needed	need	VERB
cblr-9106	200	30	now	now	ADV
cblr-9106	200	31	,	,	PUNCT
cblr-9106	200	32	its	its	PRON
cblr-9106	200	33	’	'	PUNCT
cblr-9106	200	34	disastrous	disastrous	ADJ
cblr-9106	200	35	effects	effect	NOUN
cblr-9106	200	36	will	will	AUX
cblr-9106	200	37	materialize	materialize	VERB
cblr-9106	200	38	over	over	ADP
cblr-9106	200	39	decades	decade	NOUN
cblr-9106	200	40	and	and	CCONJ
cblr-9106	200	41	centuries	century	NOUN
cblr-9106	200	42	.	.	PUNCT
cblr-9106	201	1	combined	combine	VERB
cblr-9106	201	2	with	with	ADP
cblr-9106	201	3	the	the	DET
cblr-9106	201	4	uncertainty	uncertainty	NOUN
cblr-9106	201	5	of	of	ADP
cblr-9106	201	6	outcomes	outcome	NOUN
cblr-9106	201	7	,	,	PUNCT
cblr-9106	201	8	both	both	CCONJ
cblr-9106	201	9	in	in	ADP
cblr-9106	201	10	terms	term	NOUN
cblr-9106	201	11	of	of	ADP
cblr-9106	201	12	the	the	DET
cblr-9106	201	13	magnitude	magnitude	NOUN
cblr-9106	201	14	(	(	PUNCT
cblr-9106	201	15	which	which	PRON
cblr-9106	201	16	depends	depend	VERB
cblr-9106	201	17	on	on	ADP
cblr-9106	201	18	future	future	ADJ
cblr-9106	201	19	emissions	emission	NOUN
cblr-9106	201	20	)	)	PUNCT
cblr-9106	201	21	and	and	CCONJ
cblr-9106	201	22	the	the	DET
cblr-9106	201	23	location	location	NOUN
cblr-9106	201	24	of	of	ADP
cblr-9106	201	25	impacts,62	impacts,62	NOUN
cblr-9106	201	26	distance	distance	NOUN
cblr-9106	201	27	in	in	ADP
cblr-9106	201	28	time	time	NOUN
cblr-9106	201	29	makes	make	VERB
cblr-9106	201	30	any	any	DET
cblr-9106	201	31	attempt	attempt	NOUN
cblr-9106	201	32	to	to	PART
cblr-9106	201	33	incorporate	incorporate	VERB
cblr-9106	201	34	the	the	DET
cblr-9106	201	35	full	full	ADJ
cblr-9106	201	36	extent	extent	NOUN
cblr-9106	201	37	of	of	ADP
cblr-9106	201	38	climate	climate	NOUN
cblr-9106	201	39	risks	risk	NOUN
cblr-9106	201	40	into	into	ADP
cblr-9106	201	41	stock	stock	NOUN
cblr-9106	201	42	prices	price	NOUN
cblr-9106	201	43	extremely	extremely	ADV
cblr-9106	201	44	difficult	difficult	ADJ
cblr-9106	201	45	.	.	PUNCT
cblr-9106	202	1	second	second	ADJ
cblr-9106	202	2	,	,	PUNCT
cblr-9106	202	3	climate	climate	NOUN
cblr-9106	202	4	risks	risk	NOUN
cblr-9106	202	5	are	be	AUX
cblr-9106	202	6	exceedingly	exceedingly	ADV
cblr-9106	202	7	difficult	difficult	ADJ
cblr-9106	202	8	to	to	PART
cblr-9106	202	9	model	model	VERB
cblr-9106	202	10	.	.	PUNCT
cblr-9106	203	1	they	they	PRON
cblr-9106	203	2	are	be	AUX
cblr-9106	203	3	characterized	characterize	VERB
cblr-9106	203	4	by	by	ADP
cblr-9106	203	5	significant	significant	ADJ
cblr-9106	203	6	feedback	feedback	NOUN
cblr-9106	203	7	and	and	CCONJ
cblr-9106	203	8	threshold	threshold	NOUN
cblr-9106	203	9	effects	effect	NOUN
cblr-9106	203	10	,	,	PUNCT
cblr-9106	203	11	non	non	NOUN
cblr-9106	203	12	-	-	NOUN
cblr-9106	203	13	linearities	linearity	NOUN
cblr-9106	203	14	,	,	PUNCT
cblr-9106	203	15	fat	fat	ADJ
cblr-9106	203	16	-	-	PUNCT
cblr-9106	203	17	tailed	tail	VERB
cblr-9106	203	18	distributions	distribution	NOUN
cblr-9106	203	19	of	of	ADP
cblr-9106	203	20	outcomes	outcome	NOUN
cblr-9106	203	21	,	,	PUNCT
cblr-9106	203	22	and	and	CCONJ
cblr-9106	203	23	non	non	ADJ
cblr-9106	203	24	-	-	NOUN
cblr-9106	203	25	equilibrium	equilibrium	ADJ
cblr-9106	203	26	(	(	PUNCT
cblr-9106	203	27	often	often	ADV
cblr-9106	203	28	chaotic	chaotic	ADJ
cblr-9106	203	29	)	)	PUNCT
cblr-9106	203	30	dynamics.63	dynamics.63	NOUN
cblr-9106	203	31	particularly	particularly	ADV
cblr-9106	203	32	in	in	ADP
cblr-9106	203	33	a	a	DET
cblr-9106	203	34	context	context	NOUN
cblr-9106	203	35	of	of	ADP
cblr-9106	203	36	transition	transition	NOUN
cblr-9106	203	37	,	,	PUNCT
cblr-9106	203	38	both	both	CCONJ
cblr-9106	203	39	climate	climate	NOUN
cblr-9106	203	40	and	and	CCONJ
cblr-9106	203	41	social	social	ADJ
cblr-9106	203	42	systems	system	NOUN
cblr-9106	203	43	may	may	AUX
cblr-9106	203	44	exhibit	exhibit	VERB
cblr-9106	203	45	tipping	tipping	NOUN
cblr-9106	203	46	points	point	NOUN
cblr-9106	203	47	that	that	PRON
cblr-9106	203	48	can	can	AUX
cblr-9106	203	49	lead	lead	VERB
cblr-9106	203	50	to	to	ADP
cblr-9106	203	51	large	large	ADJ
cblr-9106	203	52	,	,	PUNCT
cblr-9106	203	53	long	long	ADJ
cblr-9106	203	54	-	-	PUNCT
cblr-9106	203	55	term	term	NOUN
cblr-9106	203	56	,	,	PUNCT
cblr-9106	203	57	abrupt	abrupt	ADJ
cblr-9106	203	58	and	and	CCONJ
cblr-9106	203	59	possibly	possibly	ADV
cblr-9106	203	60	irreversible	irreversible	ADJ
cblr-9106	203	61	changes.64	changes.64	PROPN
cblr-9106	203	62	the	the	DET
cblr-9106	203	63	transition	transition	NOUN
cblr-9106	203	64	pathway	pathway	NOUN
cblr-9106	203	65	,	,	PUNCT
cblr-9106	203	66	in	in	ADP
cblr-9106	203	67	particular	particular	ADJ
cblr-9106	203	68	,	,	PUNCT
cblr-9106	203	69	is	be	AUX
cblr-9106	203	70	a	a	DET
cblr-9106	203	71	function	function	NOUN
cblr-9106	203	72	of	of	ADP
cblr-9106	203	73	itself	itself	PRON
cblr-9106	203	74	—	—	PUNCT
cblr-9106	203	75	there	there	PRON
cblr-9106	203	76	are	be	VERB
cblr-9106	203	77	bound	bind	VERB
cblr-9106	203	78	to	to	PART
cblr-9106	203	79	be	be	AUX
cblr-9106	203	80	strong	strong	ADJ
cblr-9106	203	81	economic	economic	ADJ
cblr-9106	203	82	feedback	feedback	NOUN
cblr-9106	203	83	effects	effect	NOUN
cblr-9106	203	84	driven	drive	VERB
cblr-9106	203	85	,	,	PUNCT
cblr-9106	203	86	for	for	ADP
cblr-9106	203	87	example	example	NOUN
cblr-9106	203	88	,	,	PUNCT
cblr-9106	203	89	by	by	ADP
cblr-9106	203	90	economic	economic	ADJ
cblr-9106	203	91	complementarities	complementarity	NOUN
cblr-9106	203	92	or	or	CCONJ
cblr-9106	203	93	learning	learn	VERB
cblr-9106	203	94	effects	effect	NOUN
cblr-9106	203	95	.	.	PUNCT
cblr-9106	204	1	to	to	PART
cblr-9106	204	2	illustrate	illustrate	VERB
cblr-9106	204	3	,	,	PUNCT
cblr-9106	204	4	while	while	SCONJ
cblr-9106	204	5	fossil	fossil	NOUN
cblr-9106	204	6	fuel	fuel	NOUN
cblr-9106	204	7	prices	price	NOUN
cblr-9106	204	8	have	have	AUX
cblr-9106	204	9	remained	remain	VERB
cblr-9106	204	10	roughly	roughly	ADV
cblr-9106	204	11	constant	constant	ADJ
cblr-9106	204	12	in	in	ADP
cblr-9106	204	13	real	real	ADJ
cblr-9106	204	14	terms	term	NOUN
cblr-9106	204	15	for	for	ADP
cblr-9106	204	16	more	more	ADJ
cblr-9106	204	17	than	than	ADP
cblr-9106	204	18	a	a	DET
cblr-9106	204	19	century	century	NOUN
cblr-9106	204	20	,	,	PUNCT
cblr-9106	204	21	the	the	DET
cblr-9106	204	22	cost	cost	NOUN
cblr-9106	204	23	of	of	ADP
cblr-9106	204	24	renewable	renewable	ADJ
cblr-9106	204	25	energy	energy	NOUN
cblr-9106	204	26	has	have	AUX
cblr-9106	204	27	become	become	VERB
cblr-9106	204	28	substantially	substantially	ADV
cblr-9106	204	29	cheaper	cheap	ADJ
cblr-9106	204	30	as	as	ADP
cblr-9106	204	31	the	the	DET
cblr-9106	204	32	technology	technology	NOUN
cblr-9106	204	33	matures	mature	NOUN
cblr-9106	204	34	,	,	PUNCT
cblr-9106	204	35	with	with	ADP
cblr-9106	204	36	the	the	DET
cblr-9106	204	37	real	real	ADJ
cblr-9106	204	38	costs	cost	NOUN
cblr-9106	204	39	of	of	ADP
cblr-9106	204	40	photovoltaic	photovoltaic	NOUN
cblr-9106	204	41	energy	energy	NOUN
cblr-9106	204	42	declining	decline	VERB
cblr-9106	204	43	more	more	ADJ
cblr-9106	204	44	than	than	ADP
cblr-9106	204	45	a	a	DET
cblr-9106	204	46	thousand	thousand	NUM
cblr-9106	204	47	-	-	NOUN
cblr-9106	204	48	fold	fold	NOUN
cblr-9106	204	49	since	since	SCONJ
cblr-9106	204	50	its	its	PRON
cblr-9106	204	51	introduction	introduction	NOUN
cblr-9106	204	52	in	in	ADP
cblr-9106	204	53	1958.65	1958.65	NUM
cblr-9106	204	54	accurately	accurately	ADV
cblr-9106	204	55	60	60	NUM
cblr-9106	204	56	see	see	VERB
cblr-9106	204	57	task	task	NOUN
cblr-9106	204	58	force	force	NOUN
cblr-9106	204	59	on	on	ADP
cblr-9106	204	60	climate	climate	NOUN
cblr-9106	204	61	-	-	PUNCT
cblr-9106	204	62	related	relate	VERB
cblr-9106	204	63	fin	fin	NOUN
cblr-9106	204	64	.	.	PUNCT
cblr-9106	205	1	disclosures	disclosure	NOUN
cblr-9106	205	2	,	,	PUNCT
cblr-9106	205	3	guidance	guidance	NOUN
cblr-9106	205	4	on	on	ADP
cblr-9106	205	5	risk	risk	NOUN
cblr-9106	205	6	management	management	NOUN
cblr-9106	205	7	integration	integration	NOUN
cblr-9106	205	8	and	and	CCONJ
cblr-9106	205	9	disclosure	disclosure	NOUN
cblr-9106	205	10	5	5	NUM
cblr-9106	205	11	(	(	PUNCT
cblr-9106	205	12	2020	2020	NUM
cblr-9106	205	13	)	)	PUNCT
cblr-9106	205	14	,	,	PUNCT
cblr-9106	205	15	https://assets.bbhub.io/company/sites/60/2020/09/2020-tcfd_guidancerisk-management-integration-and-disclosure.pdf	https://assets.bbhub.io/company/sites/60/2020/09/2020-tcfd_guidancerisk-management-integration-and-disclosure.pdf	PROPN
cblr-9106	206	1	[	[	X
cblr-9106	206	2	https://perma.cc/5mzxbjr3	https://perma.cc/5mzxbjr3	X
cblr-9106	206	3	]	]	PUNCT
cblr-9106	206	4	.	.	PUNCT
cblr-9106	207	1	61	61	NUM
cblr-9106	207	2	see	see	VERB
cblr-9106	207	3	,	,	PUNCT
cblr-9106	207	4	e.g.	e.g.	ADV
cblr-9106	207	5	,	,	PUNCT
cblr-9106	207	6	carney	carney	NOUN
cblr-9106	207	7	,	,	PUNCT
cblr-9106	207	8	supra	supra	PROPN
cblr-9106	207	9	note	note	NOUN
cblr-9106	207	10	24	24	NUM
cblr-9106	207	11	,	,	PUNCT
cblr-9106	207	12	at	at	ADP
cblr-9106	207	13	4	4	NUM
cblr-9106	207	14	.	.	NOUN
cblr-9106	207	15	62	62	NUM
cblr-9106	207	16	see	see	VERB
cblr-9106	207	17	,	,	PUNCT
cblr-9106	207	18	e.g.	e.g.	ADV
cblr-9106	207	19	,	,	PUNCT
cblr-9106	207	20	tanya	tanya	PROPN
cblr-9106	207	21	fiedler	fiedler	PROPN
cblr-9106	207	22	et	et	PROPN
cblr-9106	207	23	al	al	PROPN
cblr-9106	207	24	.	.	PROPN
cblr-9106	207	25	,	,	PUNCT
cblr-9106	207	26	perspective	perspective	NOUN
cblr-9106	207	27	,	,	PUNCT
cblr-9106	207	28	business	business	NOUN
cblr-9106	207	29	risk	risk	NOUN
cblr-9106	207	30	and	and	CCONJ
cblr-9106	207	31	the	the	DET
cblr-9106	207	32	emergence	emergence	NOUN
cblr-9106	207	33	of	of	ADP
cblr-9106	207	34	climate	climate	NOUN
cblr-9106	207	35	analytics	analytic	NOUN
cblr-9106	207	36	,	,	PUNCT
cblr-9106	207	37	11	11	NUM
cblr-9106	207	38	nature	nature	NOUN
cblr-9106	207	39	climate	climate	NOUN
cblr-9106	207	40	change	change	VERB
cblr-9106	207	41	87	87	NUM
cblr-9106	207	42	,	,	PUNCT
cblr-9106	207	43	90	90	NUM
cblr-9106	207	44	(	(	PUNCT
cblr-9106	207	45	2021	2021	NUM
cblr-9106	207	46	)	)	PUNCT
cblr-9106	207	47	.	.	PUNCT
cblr-9106	208	1	63	63	NUM
cblr-9106	208	2	hepburn	hepburn	NOUN
cblr-9106	208	3	et	et	PROPN
cblr-9106	208	4	al	al	PROPN
cblr-9106	208	5	.	.	PROPN
cblr-9106	208	6	,	,	PUNCT
cblr-9106	208	7	supra	supra	PROPN
cblr-9106	208	8	note	note	PROPN
cblr-9106	208	9	56	56	NUM
cblr-9106	208	10	,	,	PUNCT
cblr-9106	208	11	at	at	ADP
cblr-9106	208	12	84–85	84–85	NUM
cblr-9106	208	13	.	.	PUNCT
cblr-9106	209	1	64	64	NUM
cblr-9106	209	2	see	see	VERB
cblr-9106	209	3	,	,	PUNCT
cblr-9106	209	4	e.g.	e.g.	ADV
cblr-9106	209	5	,	,	PUNCT
cblr-9106	209	6	timothy	timothy	PROPN
cblr-9106	209	7	m.	m.	PROPN
cblr-9106	209	8	lenton	lenton	PROPN
cblr-9106	209	9	et	et	PROPN
cblr-9106	209	10	al	al	PROPN
cblr-9106	209	11	.	.	PROPN
cblr-9106	209	12	,	,	PUNCT
cblr-9106	209	13	tipping	tip	VERB
cblr-9106	209	14	elements	element	NOUN
cblr-9106	209	15	in	in	ADP
cblr-9106	209	16	the	the	DET
cblr-9106	209	17	earth	earth	NOUN
cblr-9106	209	18	’s	’s	PART
cblr-9106	209	19	climate	climate	NOUN
cblr-9106	209	20	system	system	NOUN
cblr-9106	209	21	,	,	PUNCT
cblr-9106	209	22	105	105	NUM
cblr-9106	209	23	proc	proc	NOUN
cblr-9106	209	24	.	.	PUNCT
cblr-9106	210	1	nat’l	nat’l	PROPN
cblr-9106	210	2	acad	acad	PROPN
cblr-9106	210	3	.	.	PUNCT
cblr-9106	211	1	sci	sci	PROPN
cblr-9106	211	2	.	.	PROPN
cblr-9106	211	3	1786	1786	NUM
cblr-9106	211	4	,	,	PUNCT
cblr-9106	211	5	1786	1786	NUM
cblr-9106	211	6	(	(	PUNCT
cblr-9106	211	7	2008	2008	NUM
cblr-9106	211	8	)	)	PUNCT
cblr-9106	211	9	;	;	PUNCT
cblr-9106	211	10	j.	j.	PROPN
cblr-9106	211	11	doyne	doyne	PROPN
cblr-9106	211	12	farmer	farmer	PROPN
cblr-9106	211	13	et	et	PROPN
cblr-9106	211	14	al	al	PROPN
cblr-9106	211	15	.	.	PROPN
cblr-9106	211	16	,	,	PUNCT
cblr-9106	211	17	sensitive	sensitive	ADJ
cblr-9106	211	18	intervention	intervention	NOUN
cblr-9106	211	19	points	point	NOUN
cblr-9106	211	20	in	in	ADP
cblr-9106	211	21	the	the	DET
cblr-9106	211	22	post	post	ADJ
cblr-9106	211	23	-	-	ADJ
cblr-9106	211	24	carbon	carbon	NOUN
cblr-9106	211	25	transition	transition	NOUN
cblr-9106	211	26	,	,	PUNCT
cblr-9106	211	27	364	364	NUM
cblr-9106	211	28	sci	sci	PROPN
cblr-9106	211	29	.	.	PROPN
cblr-9106	212	1	132	132	NUM
cblr-9106	212	2	,	,	PUNCT
cblr-9106	212	3	132	132	NUM
cblr-9106	212	4	(	(	PUNCT
cblr-9106	212	5	2019	2019	NUM
cblr-9106	212	6	)	)	PUNCT
cblr-9106	212	7	.	.	PUNCT
cblr-9106	213	1	65	65	NUM
cblr-9106	213	2	see	see	VERB
cblr-9106	213	3	,	,	PUNCT
cblr-9106	213	4	e.g.	e.g.	ADV
cblr-9106	213	5	,	,	PUNCT
cblr-9106	213	6	way	way	NOUN
cblr-9106	213	7	et	et	PROPN
cblr-9106	213	8	al	al	PROPN
cblr-9106	213	9	.	.	PROPN
cblr-9106	213	10	,	,	PUNCT
cblr-9106	213	11	supra	supra	PROPN
cblr-9106	213	12	note	note	PROPN
cblr-9106	213	13	52	52	NUM
cblr-9106	213	14	,	,	PUNCT
cblr-9106	213	15	at	at	ADP
cblr-9106	213	16	3	3	NUM
cblr-9106	213	17	.	.	PUNCT
cblr-9106	214	1	no	no	INTJ
cblr-9106	214	2	.	.	NOUN
cblr-9106	215	1	3:1085	3:1085	NUM
cblr-9106	215	2	]	]	X
cblr-9106	215	3	mandatory	mandatory	ADJ
cblr-9106	215	4	corporate	corporate	ADJ
cblr-9106	215	5	climate	climate	NOUN
cblr-9106	215	6	disclosures	disclosure	NOUN
cblr-9106	215	7	1101	1101	NUM
cblr-9106	215	8	modeling	model	VERB
cblr-9106	215	9	these	these	DET
cblr-9106	215	10	dynamics	dynamic	NOUN
cblr-9106	215	11	is	be	AUX
cblr-9106	215	12	a	a	DET
cblr-9106	215	13	major	major	ADJ
cblr-9106	215	14	challenge	challenge	NOUN
cblr-9106	215	15	and	and	CCONJ
cblr-9106	215	16	not	not	PART
cblr-9106	215	17	one	one	NUM
cblr-9106	215	18	for	for	ADP
cblr-9106	215	19	which	which	PRON
cblr-9106	215	20	traditional	traditional	ADJ
cblr-9106	215	21	microand	microand	ADJ
cblr-9106	215	22	macroeconomic	macroeconomic	ADJ
cblr-9106	215	23	tools	tool	NOUN
cblr-9106	215	24	(	(	PUNCT
cblr-9106	215	25	rational	rational	ADJ
cblr-9106	215	26	expectations	expectation	NOUN
cblr-9106	215	27	,	,	PUNCT
cblr-9106	215	28	market	market	NOUN
cblr-9106	215	29	equilibrium	equilibrium	NOUN
cblr-9106	215	30	,	,	PUNCT
cblr-9106	215	31	and	and	CCONJ
cblr-9106	215	32	representative	representative	ADJ
cblr-9106	215	33	agents	agent	NOUN
cblr-9106	215	34	)	)	PUNCT
cblr-9106	215	35	are	be	AUX
cblr-9106	215	36	well	well	ADV
cblr-9106	215	37	-	-	PUNCT
cblr-9106	215	38	equipped.66	equipped.66	NOUN
cblr-9106	215	39	to	to	PART
cblr-9106	215	40	compound	compound	VERB
cblr-9106	215	41	matters	matter	NOUN
cblr-9106	215	42	,	,	PUNCT
cblr-9106	215	43	the	the	DET
cblr-9106	215	44	number	number	NOUN
cblr-9106	215	45	of	of	ADP
cblr-9106	215	46	known	know	VERB
cblr-9106	215	47	unknowns	unknown	NOUN
cblr-9106	215	48	characterizing	characterize	VERB
cblr-9106	215	49	the	the	DET
cblr-9106	215	50	transition	transition	NOUN
cblr-9106	215	51	is	be	AUX
cblr-9106	215	52	daunting	daunt	VERB
cblr-9106	215	53	:	:	PUNCT
cblr-9106	215	54	to	to	PART
cblr-9106	215	55	name	name	VERB
cblr-9106	215	56	but	but	CCONJ
cblr-9106	215	57	a	a	DET
cblr-9106	215	58	few	few	ADJ
cblr-9106	215	59	,	,	PUNCT
cblr-9106	215	60	transition	transition	NOUN
cblr-9106	215	61	policies	policy	NOUN
cblr-9106	215	62	,	,	PUNCT
cblr-9106	215	63	adaptation	adaptation	NOUN
cblr-9106	215	64	strategies	strategy	NOUN
cblr-9106	215	65	,	,	PUNCT
cblr-9106	215	66	development	development	NOUN
cblr-9106	215	67	of	of	ADP
cblr-9106	215	68	critical	critical	ADJ
cblr-9106	215	69	technologies	technology	NOUN
cblr-9106	215	70	,	,	PUNCT
cblr-9106	215	71	changing	change	VERB
cblr-9106	215	72	markets	market	NOUN
cblr-9106	215	73	,	,	PUNCT
cblr-9106	215	74	changing	change	VERB
cblr-9106	215	75	consumer	consumer	NOUN
cblr-9106	215	76	preferences	preference	NOUN
cblr-9106	215	77	make	make	VERB
cblr-9106	215	78	patterns	pattern	NOUN
cblr-9106	215	79	of	of	ADP
cblr-9106	215	80	transition	transition	NOUN
cblr-9106	215	81	extremely	extremely	ADV
cblr-9106	215	82	hard	hard	ADJ
cblr-9106	215	83	to	to	PART
cblr-9106	215	84	anticipate	anticipate	VERB
cblr-9106	215	85	.	.	PUNCT
cblr-9106	216	1	third	third	ADJ
cblr-9106	216	2	,	,	PUNCT
cblr-9106	216	3	climate	climate	NOUN
cblr-9106	216	4	risks	risk	NOUN
cblr-9106	216	5	are	be	AUX
cblr-9106	216	6	interconnected	interconnect	VERB
cblr-9106	216	7	across	across	ADP
cblr-9106	216	8	physical	physical	ADJ
cblr-9106	216	9	space	space	NOUN
cblr-9106	216	10	,	,	PUNCT
cblr-9106	216	11	socio	socio	NOUN
cblr-9106	216	12	-	-	PUNCT
cblr-9106	216	13	economic	economic	ADJ
cblr-9106	216	14	networks	network	NOUN
cblr-9106	216	15	and	and	CCONJ
cblr-9106	216	16	financial	financial	ADJ
cblr-9106	216	17	systems	system	NOUN
cblr-9106	216	18	,	,	PUNCT
cblr-9106	216	19	with	with	ADP
cblr-9106	216	20	complex	complex	ADJ
cblr-9106	216	21	relationships	relationship	NOUN
cblr-9106	216	22	between	between	ADP
cblr-9106	216	23	and	and	CCONJ
cblr-9106	216	24	within	within	ADP
cblr-9106	216	25	all	all	PRON
cblr-9106	216	26	of	of	ADP
cblr-9106	216	27	them.67	them.67	NOUN
cblr-9106	216	28	intuitively	intuitively	ADV
cblr-9106	216	29	,	,	PUNCT
cblr-9106	216	30	the	the	PRON
cblr-9106	216	31	more	more	ADV
cblr-9106	216	32	effectively	effectively	ADV
cblr-9106	216	33	we	we	PRON
cblr-9106	216	34	manage	manage	VERB
cblr-9106	216	35	the	the	DET
cblr-9106	216	36	transition	transition	NOUN
cblr-9106	216	37	to	to	ADP
cblr-9106	216	38	net	net	ADJ
cblr-9106	216	39	-	-	PUNCT
cblr-9106	216	40	zero	zero	NUM
cblr-9106	216	41	emissions	emission	NOUN
cblr-9106	216	42	,	,	PUNCT
cblr-9106	216	43	the	the	PRON
cblr-9106	216	44	less	less	ADV
cblr-9106	216	45	likely	likely	ADJ
cblr-9106	216	46	it	it	PRON
cblr-9106	216	47	is	be	AUX
cblr-9106	216	48	that	that	SCONJ
cblr-9106	216	49	the	the	DET
cblr-9106	216	50	climate	climate	NOUN
cblr-9106	216	51	will	will	AUX
cblr-9106	216	52	change	change	VERB
cblr-9106	216	53	further	far	ADV
cblr-9106	216	54	.	.	PUNCT
cblr-9106	217	1	while	while	SCONJ
cblr-9106	217	2	that	that	PRON
cblr-9106	217	3	would	would	AUX
cblr-9106	217	4	likely	likely	ADV
cblr-9106	217	5	imply	imply	VERB
cblr-9106	217	6	higher	high	ADJ
cblr-9106	217	7	transition	transition	NOUN
cblr-9106	217	8	risks	risk	NOUN
cblr-9106	217	9	and	and	CCONJ
cblr-9106	217	10	correspondingly	correspondingly	ADV
cblr-9106	217	11	lower	low	ADJ
cblr-9106	217	12	physical	physical	ADJ
cblr-9106	217	13	risks	risk	NOUN
cblr-9106	217	14	,	,	PUNCT
cblr-9106	217	15	any	any	DET
cblr-9106	217	16	intermediate	intermediate	ADJ
cblr-9106	217	17	outcome	outcome	NOUN
cblr-9106	217	18	during	during	ADP
cblr-9106	217	19	the	the	DET
cblr-9106	217	20	transition	transition	NOUN
cblr-9106	217	21	process	process	NOUN
cblr-9106	217	22	is	be	AUX
cblr-9106	217	23	likely	likely	ADJ
cblr-9106	217	24	to	to	PART
cblr-9106	217	25	imply	imply	VERB
cblr-9106	217	26	not	not	PART
cblr-9106	217	27	only	only	ADV
cblr-9106	217	28	the	the	DET
cblr-9106	217	29	materialization	materialization	NOUN
cblr-9106	217	30	of	of	ADP
cblr-9106	217	31	both	both	DET
cblr-9106	217	32	risks	risk	NOUN
cblr-9106	217	33	but	but	CCONJ
cblr-9106	217	34	also	also	ADV
cblr-9106	217	35	hard	hard	ADJ
cblr-9106	217	36	-	-	PUNCT
cblr-9106	217	37	to	to	PART
cblr-9106	217	38	-	-	PUNCT
cblr-9106	217	39	predict	predict	VERB
cblr-9106	217	40	ways	way	NOUN
cblr-9106	217	41	in	in	ADP
cblr-9106	217	42	which	which	PRON
cblr-9106	217	43	one	one	NUM
cblr-9106	217	44	type	type	NOUN
cblr-9106	217	45	of	of	ADP
cblr-9106	217	46	risk	risk	NOUN
cblr-9106	217	47	will	will	AUX
cblr-9106	217	48	affect	affect	VERB
cblr-9106	217	49	the	the	DET
cblr-9106	217	50	other	other	ADJ
cblr-9106	217	51	.	.	PUNCT
cblr-9106	218	1	making	make	VERB
cblr-9106	218	2	matters	matter	NOUN
cblr-9106	218	3	worse	bad	ADJ
cblr-9106	218	4	,	,	PUNCT
cblr-9106	218	5	the	the	DET
cblr-9106	218	6	climate	climate	NOUN
cblr-9106	218	7	risks	risk	NOUN
cblr-9106	218	8	facing	face	VERB
cblr-9106	218	9	different	different	ADJ
cblr-9106	218	10	economies	economy	NOUN
cblr-9106	218	11	,	,	PUNCT
cblr-9106	218	12	geographies	geography	NOUN
cblr-9106	218	13	,	,	PUNCT
cblr-9106	218	14	sectors	sector	NOUN
cblr-9106	218	15	,	,	PUNCT
cblr-9106	218	16	and	and	CCONJ
cblr-9106	218	17	firms	firm	NOUN
cblr-9106	218	18	vary	vary	VERB
cblr-9106	218	19	,	,	PUNCT
cblr-9106	218	20	meaning	mean	VERB
cblr-9106	218	21	that	that	SCONJ
cblr-9106	218	22	each	each	PRON
cblr-9106	218	23	of	of	ADP
cblr-9106	218	24	these	these	DET
cblr-9106	218	25	actors	actor	NOUN
cblr-9106	218	26	will	will	AUX
cblr-9106	218	27	likely	likely	ADV
cblr-9106	218	28	be	be	AUX
cblr-9106	218	29	affected	affect	VERB
cblr-9106	218	30	differently	differently	ADV
cblr-9106	218	31	.	.	PUNCT
cblr-9106	219	1	these	these	DET
cblr-9106	219	2	qualities	quality	NOUN
cblr-9106	219	3	aggravate	aggravate	VERB
cblr-9106	219	4	the	the	DET
cblr-9106	219	5	already	already	ADV
cblr-9106	219	6	daunting	daunt	VERB
cblr-9106	219	7	modeling	modeling	NOUN
cblr-9106	219	8	challenges	challenge	NOUN
cblr-9106	219	9	,	,	PUNCT
cblr-9106	219	10	because	because	SCONJ
cblr-9106	219	11	they	they	PRON
cblr-9106	219	12	can	can	AUX
cblr-9106	219	13	only	only	ADV
cblr-9106	219	14	be	be	AUX
cblr-9106	219	15	handled	handle	VERB
cblr-9106	219	16	with	with	ADP
cblr-9106	219	17	an	an	DET
cblr-9106	219	18	integrated	integrate	VERB
cblr-9106	219	19	modeling	modeling	NOUN
cblr-9106	219	20	approach	approach	NOUN
cblr-9106	219	21	across	across	ADP
cblr-9106	219	22	systems	system	NOUN
cblr-9106	219	23	and	and	CCONJ
cblr-9106	219	24	scales	scale	VERB
cblr-9106	219	25	that	that	PRON
cblr-9106	219	26	,	,	PUNCT
cblr-9106	219	27	so	so	ADV
cblr-9106	219	28	far	far	ADV
cblr-9106	219	29	,	,	PUNCT
cblr-9106	219	30	has	have	AUX
cblr-9106	219	31	not	not	PART
cblr-9106	219	32	been	be	AUX
cblr-9106	219	33	developed.68	developed.68	ADJ
cblr-9106	219	34	fourth	fourth	ADJ
cblr-9106	219	35	,	,	PUNCT
cblr-9106	219	36	the	the	DET
cblr-9106	219	37	phenomena	phenomena	NOUN
cblr-9106	219	38	underlying	underlie	VERB
cblr-9106	219	39	climate	climate	NOUN
cblr-9106	219	40	risks	risk	NOUN
cblr-9106	219	41	are	be	AUX
cblr-9106	219	42	novel	novel	ADJ
cblr-9106	219	43	.	.	PUNCT
cblr-9106	220	1	many	many	ADJ
cblr-9106	220	2	of	of	ADP
cblr-9106	220	3	their	their	PRON
cblr-9106	220	4	effects	effect	NOUN
cblr-9106	220	5	are	be	AUX
cblr-9106	220	6	without	without	ADP
cblr-9106	220	7	precedent	precedent	NOUN
cblr-9106	220	8	—	—	PUNCT
cblr-9106	220	9	historical	historical	ADJ
cblr-9106	220	10	data	datum	NOUN
cblr-9106	220	11	is	be	AUX
cblr-9106	220	12	not	not	PART
cblr-9106	220	13	necessarily	necessarily	ADV
cblr-9106	220	14	a	a	DET
cblr-9106	220	15	useful	useful	ADJ
cblr-9106	220	16	predictor	predictor	NOUN
cblr-9106	220	17	for	for	ADP
cblr-9106	220	18	future	future	ADJ
cblr-9106	220	19	probabilities.69	probabilities.69	PROPN
cblr-9106	220	20	66	66	NUM
cblr-9106	220	21	see	see	NOUN
cblr-9106	220	22	,	,	PUNCT
cblr-9106	220	23	e.g.	e.g.	ADV
cblr-9106	220	24	,	,	PUNCT
cblr-9106	220	25	j.	j.	PROPN
cblr-9106	220	26	doyne	doyne	PROPN
cblr-9106	220	27	farmer	farmer	PROPN
cblr-9106	220	28	et	et	PROPN
cblr-9106	220	29	al	al	PROPN
cblr-9106	220	30	.	.	PROPN
cblr-9106	220	31	,	,	PUNCT
cblr-9106	220	32	a	a	DET
cblr-9106	220	33	third	third	ADJ
cblr-9106	220	34	wave	wave	NOUN
cblr-9106	220	35	in	in	ADP
cblr-9106	220	36	the	the	DET
cblr-9106	220	37	economics	economic	NOUN
cblr-9106	220	38	of	of	ADP
cblr-9106	220	39	climate	climate	NOUN
cblr-9106	220	40	change	change	NOUN
cblr-9106	220	41	,	,	PUNCT
cblr-9106	220	42	62	62	NUM
cblr-9106	220	43	env’t	env’t	NUM
cblr-9106	220	44	res	re	NOUN
cblr-9106	220	45	.	.	PUNCT
cblr-9106	220	46	econ	econ	PROPN
cblr-9106	220	47	.	.	PUNCT
cblr-9106	220	48	329	329	NUM
cblr-9106	220	49	,	,	PUNCT
cblr-9106	220	50	334	334	NUM
cblr-9106	220	51	,	,	PUNCT
cblr-9106	220	52	336–37	336–37	PROPN
cblr-9106	220	53	(	(	PUNCT
cblr-9106	220	54	2015	2015	NUM
cblr-9106	220	55	)	)	PUNCT
cblr-9106	220	56	.	.	PUNCT
cblr-9106	221	1	67	67	NUM
cblr-9106	221	2	task	task	NOUN
cblr-9106	221	3	force	force	NOUN
cblr-9106	221	4	on	on	ADP
cblr-9106	221	5	climate	climate	NOUN
cblr-9106	221	6	-	-	PUNCT
cblr-9106	221	7	related	relate	VERB
cblr-9106	221	8	fin	fin	NOUN
cblr-9106	221	9	.	.	PUNCT
cblr-9106	222	1	disclosures	disclosure	NOUN
cblr-9106	222	2	,	,	PUNCT
cblr-9106	222	3	supra	supra	PROPN
cblr-9106	222	4	note	note	NOUN
cblr-9106	222	5	60	60	NUM
cblr-9106	222	6	,	,	PUNCT
cblr-9106	222	7	at	at	ADP
cblr-9106	222	8	5	5	NUM
cblr-9106	222	9	tbl.c1	tbl.c1	NOUN
cblr-9106	222	10	(	(	PUNCT
cblr-9106	222	11	“	"	PUNCT
cblr-9106	222	12	such	such	ADJ
cblr-9106	222	13	interconnected	interconnected	ADJ
cblr-9106	222	14	risks	risk	NOUN
cblr-9106	222	15	are	be	AUX
cblr-9106	222	16	often	often	ADV
cblr-9106	222	17	characterized	characterize	VERB
cblr-9106	222	18	by	by	ADP
cblr-9106	222	19	knock	knock	NOUN
cblr-9106	222	20	-	-	PUNCT
cblr-9106	222	21	on	on	ADP
cblr-9106	222	22	effects	effect	NOUN
cblr-9106	222	23	and	and	CCONJ
cblr-9106	222	24	systemic	systemic	ADJ
cblr-9106	222	25	effects	effect	NOUN
cblr-9106	222	26	,	,	PUNCT
cblr-9106	222	27	requiring	require	VERB
cblr-9106	222	28	a	a	DET
cblr-9106	222	29	multidimensional	multidimensional	ADJ
cblr-9106	222	30	perspective	perspective	NOUN
cblr-9106	222	31	to	to	PART
cblr-9106	222	32	assess	assess	VERB
cblr-9106	222	33	the	the	DET
cblr-9106	222	34	short-	short-	ADJ
cblr-9106	222	35	,	,	PUNCT
cblr-9106	222	36	medium-	medium-	ADJ
cblr-9106	222	37	,	,	PUNCT
cblr-9106	222	38	and	and	CCONJ
cblr-9106	222	39	long	long	ADJ
cblr-9106	222	40	-	-	PUNCT
cblr-9106	222	41	term	term	NOUN
cblr-9106	222	42	implications	implication	NOUN
cblr-9106	222	43	for	for	ADP
cblr-9106	222	44	a	a	DET
cblr-9106	222	45	company	company	NOUN
cblr-9106	222	46	.	.	PUNCT
cblr-9106	222	47	”	"	PUNCT
cblr-9106	222	48	)	)	PUNCT
cblr-9106	222	49	;	;	PUNCT
cblr-9106	222	50	see	see	VERB
cblr-9106	222	51	also	also	ADV
cblr-9106	222	52	kruitwagen	kruitwagen	PROPN
cblr-9106	222	53	et	et	PROPN
cblr-9106	222	54	al	al	PROPN
cblr-9106	222	55	.	.	PROPN
cblr-9106	222	56	,	,	PUNCT
cblr-9106	222	57	supra	supra	PROPN
cblr-9106	222	58	note	note	PROPN
cblr-9106	222	59	58	58	NUM
cblr-9106	222	60	,	,	PUNCT
cblr-9106	222	61	at	at	ADP
cblr-9106	222	62	2	2	NUM
cblr-9106	222	63	.	.	NUM
cblr-9106	222	64	68	68	NUM
cblr-9106	222	65	see	see	NOUN
cblr-9106	222	66	,	,	PUNCT
cblr-9106	222	67	e.g.	e.g.	ADV
cblr-9106	222	68	,	,	PUNCT
cblr-9106	222	69	farmer	farmer	NOUN
cblr-9106	222	70	et	et	PROPN
cblr-9106	222	71	al	al	PROPN
cblr-9106	222	72	.	.	PROPN
cblr-9106	222	73	,	,	PUNCT
cblr-9106	222	74	supra	supra	PROPN
cblr-9106	222	75	note	note	PROPN
cblr-9106	222	76	52	52	NUM
cblr-9106	222	77	,	,	PUNCT
cblr-9106	222	78	at	at	ADP
cblr-9106	222	79	334	334	NUM
cblr-9106	222	80	,	,	PUNCT
cblr-9106	222	81	336–37	336–37	NUM
cblr-9106	222	82	.	.	PROPN
cblr-9106	223	1	69	69	NUM
cblr-9106	223	2	see	see	NOUN
cblr-9106	223	3	,	,	PUNCT
cblr-9106	223	4	e.g.	e.g.	ADV
cblr-9106	223	5	,	,	PUNCT
cblr-9106	223	6	carney	carney	NOUN
cblr-9106	223	7	,	,	PUNCT
cblr-9106	223	8	supra	supra	PROPN
cblr-9106	223	9	note	note	NOUN
cblr-9106	223	10	24	24	NUM
cblr-9106	223	11	,	,	PUNCT
cblr-9106	223	12	at	at	ADP
cblr-9106	223	13	8	8	NUM
cblr-9106	223	14	(	(	PUNCT
cblr-9106	223	15	“	"	PUNCT
cblr-9106	223	16	[	[	X
cblr-9106	223	17	p]ast	p]ast	NOUN
cblr-9106	223	18	is	be	AUX
cblr-9106	223	19	not	not	PART
cblr-9106	223	20	prologue	prologue	NOUN
cblr-9106	223	21	and	and	CCONJ
cblr-9106	223	22	.	.	PUNCT
cblr-9106	223	23	.	.	PUNCT
cblr-9106	223	24	.	.	PUNCT
cblr-9106	224	1	the	the	DET
cblr-9106	224	2	catastrophic	catastrophic	ADJ
cblr-9106	224	3	norms	norm	NOUN
cblr-9106	224	4	of	of	ADP
cblr-9106	224	5	the	the	DET
cblr-9106	224	6	future	future	NOUN
cblr-9106	224	7	can	can	AUX
cblr-9106	224	8	be	be	AUX
cblr-9106	224	9	seen	see	VERB
cblr-9106	224	10	in	in	ADP
cblr-9106	224	11	the	the	DET
cblr-9106	224	12	tail	tail	NOUN
cblr-9106	224	13	risks	risk	NOUN
cblr-9106	224	14	of	of	ADP
cblr-9106	224	15	today	today	NOUN
cblr-9106	224	16	.	.	PUNCT
cblr-9106	224	17	”	"	PUNCT
cblr-9106	224	18	)	)	PUNCT
cblr-9106	224	19	.	.	PUNCT
cblr-9106	225	1	1102	1102	NUM
cblr-9106	225	2	columbia	columbia	PROPN
cblr-9106	225	3	business	business	NOUN
cblr-9106	225	4	law	law	PROPN
cblr-9106	225	5	review	review	NOUN
cblr-9106	225	6	[	[	X
cblr-9106	225	7	vol	vol	NOUN
cblr-9106	225	8	.	.	NOUN
cblr-9106	225	9	2021	2021	NUM
cblr-9106	225	10	in	in	ADP
cblr-9106	225	11	short	short	ADJ
cblr-9106	225	12	,	,	PUNCT
cblr-9106	225	13	uncertainty	uncertainty	NOUN
cblr-9106	225	14	in	in	ADP
cblr-9106	225	15	the	the	DET
cblr-9106	225	16	sense	sense	NOUN
cblr-9106	225	17	first	first	ADV
cblr-9106	225	18	described	describe	VERB
cblr-9106	225	19	by	by	ADP
cblr-9106	225	20	frank	frank	ADJ
cblr-9106	225	21	knight	knight	PROPN
cblr-9106	225	22	(	(	PUNCT
cblr-9106	225	23	whereby	whereby	SCONJ
cblr-9106	225	24	it	it	PRON
cblr-9106	225	25	is	be	AUX
cblr-9106	225	26	not	not	PART
cblr-9106	225	27	possible	possible	ADJ
cblr-9106	225	28	to	to	PART
cblr-9106	225	29	assign	assign	VERB
cblr-9106	225	30	a	a	DET
cblr-9106	225	31	probability	probability	NOUN
cblr-9106	225	32	to	to	ADP
cblr-9106	225	33	a	a	DET
cblr-9106	225	34	future	future	ADJ
cblr-9106	225	35	state)70	state)70	PROPN
cblr-9106	225	36	is	be	AUX
cblr-9106	225	37	a	a	DET
cblr-9106	225	38	core	core	ADJ
cblr-9106	225	39	characteristic	characteristic	NOUN
cblr-9106	225	40	of	of	ADP
cblr-9106	225	41	climate	climate	NOUN
cblr-9106	225	42	change	change	NOUN
cblr-9106	225	43	and	and	CCONJ
cblr-9106	225	44	the	the	DET
cblr-9106	225	45	net	net	ADJ
cblr-9106	225	46	-	-	PUNCT
cblr-9106	225	47	zero	zero	NUM
cblr-9106	225	48	transition	transition	NOUN
cblr-9106	225	49	.	.	PUNCT
cblr-9106	226	1	this	this	PRON
cblr-9106	226	2	makes	make	VERB
cblr-9106	226	3	reliance	reliance	NOUN
cblr-9106	226	4	on	on	ADP
cblr-9106	226	5	probabilistic	probabilistic	ADJ
cblr-9106	226	6	modeling	modeling	NOUN
cblr-9106	226	7	methods	method	NOUN
cblr-9106	226	8	problematic,71	problematic,71	ADJ
cblr-9106	226	9	complicating	complicate	VERB
cblr-9106	226	10	efforts	effort	NOUN
cblr-9106	226	11	to	to	PART
cblr-9106	226	12	put	put	VERB
cblr-9106	226	13	a	a	DET
cblr-9106	226	14	price	price	NOUN
cblr-9106	226	15	on	on	ADP
cblr-9106	226	16	climate	climate	NOUN
cblr-9106	226	17	risks.72	risks.72	NOUN
cblr-9106	226	18	ultimately	ultimately	ADV
cblr-9106	226	19	,	,	PUNCT
cblr-9106	226	20	although	although	SCONJ
cblr-9106	226	21	climate	climate	NOUN
cblr-9106	226	22	risks	risk	NOUN
cblr-9106	226	23	are	be	AUX
cblr-9106	226	24	economically	economically	ADV
cblr-9106	226	25	significant	significant	ADJ
cblr-9106	226	26	,	,	PUNCT
cblr-9106	226	27	there	there	PRON
cblr-9106	226	28	is	be	VERB
cblr-9106	226	29	scientific	scientific	ADJ
cblr-9106	226	30	uncertainty	uncertainty	NOUN
cblr-9106	226	31	compounded	compound	VERB
cblr-9106	226	32	by	by	ADP
cblr-9106	226	33	economic	economic	ADJ
cblr-9106	226	34	and	and	CCONJ
cblr-9106	226	35	policy	policy	NOUN
cblr-9106	226	36	uncertainty	uncertainty	NOUN
cblr-9106	226	37	about	about	ADP
cblr-9106	226	38	when	when	SCONJ
cblr-9106	226	39	,	,	PUNCT
cblr-9106	226	40	how	how	SCONJ
cblr-9106	226	41	,	,	PUNCT
cblr-9106	226	42	and	and	CCONJ
cblr-9106	226	43	to	to	ADP
cblr-9106	226	44	what	what	DET
cblr-9106	226	45	degree	degree	NOUN
cblr-9106	226	46	climate	climate	NOUN
cblr-9106	226	47	change	change	NOUN
cblr-9106	226	48	will	will	AUX
cblr-9106	226	49	affect	affect	VERB
cblr-9106	226	50	individual	individual	ADJ
cblr-9106	226	51	firms	firm	NOUN
cblr-9106	226	52	,	,	PUNCT
cblr-9106	226	53	not	not	PART
cblr-9106	226	54	to	to	PART
cblr-9106	226	55	mention	mention	VERB
cblr-9106	226	56	the	the	DET
cblr-9106	226	57	world	world	NOUN
cblr-9106	226	58	and	and	CCONJ
cblr-9106	226	59	our	our	PRON
cblr-9106	226	60	economies	economy	NOUN
cblr-9106	226	61	.	.	PUNCT
cblr-9106	227	1	and	and	CCONJ
cblr-9106	227	2	while	while	SCONJ
cblr-9106	227	3	our	our	PRON
cblr-9106	227	4	understanding	understanding	NOUN
cblr-9106	227	5	of	of	ADP
cblr-9106	227	6	these	these	DET
cblr-9106	227	7	issues	issue	NOUN
cblr-9106	227	8	is	be	AUX
cblr-9106	227	9	rapidly	rapidly	ADV
cblr-9106	227	10	advancing	advance	VERB
cblr-9106	227	11	,	,	PUNCT
cblr-9106	227	12	our	our	PRON
cblr-9106	227	13	sense	sense	NOUN
cblr-9106	227	14	of	of	ADP
cblr-9106	227	15	the	the	DET
cblr-9106	227	16	desired	desire	VERB
cblr-9106	227	17	information	information	NOUN
cblr-9106	227	18	set	set	VERB
cblr-9106	227	19	to	to	PART
cblr-9106	227	20	evaluate	evaluate	VERB
cblr-9106	227	21	corporate	corporate	ADJ
cblr-9106	227	22	climate	climate	NOUN
cblr-9106	227	23	risks	risk	NOUN
cblr-9106	227	24	will	will	AUX
cblr-9106	227	25	remain	remain	VERB
cblr-9106	227	26	as	as	ADV
cblr-9106	227	27	dynamic	dynamic	ADJ
cblr-9106	227	28	as	as	ADP
cblr-9106	227	29	the	the	DET
cblr-9106	227	30	risks	risk	NOUN
cblr-9106	227	31	themselves	themselves	PRON
cblr-9106	227	32	.	.	PUNCT
cblr-9106	228	1	that	that	PRON
cblr-9106	228	2	does	do	AUX
cblr-9106	228	3	not	not	PART
cblr-9106	228	4	mean	mean	VERB
cblr-9106	228	5	climate	climate	NOUN
cblr-9106	228	6	risks	risk	NOUN
cblr-9106	228	7	are	be	AUX
cblr-9106	228	8	currently	currently	ADV
cblr-9106	228	9	impossible	impossible	ADJ
cblr-9106	228	10	to	to	PART
cblr-9106	228	11	assess	assess	VERB
cblr-9106	228	12	and	and	CCONJ
cblr-9106	228	13	should	should	AUX
cblr-9106	228	14	be	be	AUX
cblr-9106	228	15	assumed	assume	VERB
cblr-9106	228	16	away	away	ADP
cblr-9106	228	17	when	when	SCONJ
cblr-9106	228	18	pricing	pricing	NOUN
cblr-9106	228	19	securities	security	NOUN
cblr-9106	228	20	.	.	PUNCT
cblr-9106	229	1	while	while	SCONJ
cblr-9106	229	2	markets	market	NOUN
cblr-9106	229	3	may	may	AUX
cblr-9106	229	4	fail	fail	VERB
cblr-9106	229	5	to	to	PART
cblr-9106	229	6	correctly	correctly	ADV
cblr-9106	229	7	price	price	VERB
cblr-9106	229	8	any	any	DET
cblr-9106	229	9	sufficiently	sufficiently	ADV
cblr-9106	229	10	new	new	ADJ
cblr-9106	229	11	and	and	CCONJ
cblr-9106	229	12	impactful	impactful	ADJ
cblr-9106	229	13	phenomenon	phenomenon	NOUN
cblr-9106	229	14	,	,	PUNCT
cblr-9106	229	15	(	(	PUNCT
cblr-9106	229	16	more	more	ADJ
cblr-9106	229	17	)	)	PUNCT
cblr-9106	229	18	information	information	NOUN
cblr-9106	229	19	about	about	ADP
cblr-9106	229	20	it	it	PRON
cblr-9106	229	21	is	be	AUX
cblr-9106	229	22	no	no	ADV
cblr-9106	229	23	less	less	ADV
cblr-9106	229	24	relevant	relevant	ADJ
cblr-9106	229	25	.	.	PUNCT
cblr-9106	230	1	on	on	ADP
cblr-9106	230	2	the	the	DET
cblr-9106	230	3	contrary	contrary	NOUN
cblr-9106	230	4	,	,	PUNCT
cblr-9106	230	5	greater	great	ADJ
cblr-9106	230	6	levels	level	NOUN
cblr-9106	230	7	of	of	ADP
cblr-9106	230	8	disclosure	disclosure	NOUN
cblr-9106	230	9	will	will	AUX
cblr-9106	230	10	both	both	PRON
cblr-9106	230	11	be	be	AUX
cblr-9106	230	12	valuable	valuable	ADJ
cblr-9106	230	13	in	in	ADP
cblr-9106	230	14	their	their	PRON
cblr-9106	230	15	own	own	ADJ
cblr-9106	230	16	right	right	NOUN
cblr-9106	230	17	and	and	CCONJ
cblr-9106	230	18	,	,	PUNCT
cblr-9106	230	19	perhaps	perhaps	ADV
cblr-9106	230	20	as	as	ADV
cblr-9106	230	21	importantly	importantly	ADV
cblr-9106	230	22	,	,	PUNCT
cblr-9106	230	23	increase	increase	VERB
cblr-9106	230	24	the	the	DET
cblr-9106	230	25	speed	speed	NOUN
cblr-9106	230	26	of	of	ADP
cblr-9106	230	27	the	the	DET
cblr-9106	230	28	learning	learning	NOUN
cblr-9106	230	29	process	process	NOUN
cblr-9106	230	30	.	.	PUNCT
cblr-9106	231	1	having	have	VERB
cblr-9106	231	2	richer	rich	ADJ
cblr-9106	231	3	and	and	CCONJ
cblr-9106	231	4	more	more	ADV
cblr-9106	231	5	comprehensive	comprehensive	ADJ
cblr-9106	231	6	information	information	NOUN
cblr-9106	231	7	on	on	ADP
cblr-9106	231	8	climate	climate	NOUN
cblr-9106	231	9	risks	risk	NOUN
cblr-9106	231	10	can	can	AUX
cblr-9106	231	11	only	only	ADV
cblr-9106	231	12	improve	improve	VERB
cblr-9106	231	13	our	our	PRON
cblr-9106	231	14	understanding	understanding	NOUN
cblr-9106	231	15	of	of	ADP
cblr-9106	231	16	such	such	ADJ
cblr-9106	231	17	risks	risk	NOUN
cblr-9106	231	18	’	'	PUNCT
cblr-9106	231	19	economic	economic	ADJ
cblr-9106	231	20	implications	implication	NOUN
cblr-9106	231	21	and	and	CCONJ
cblr-9106	231	22	narrow	narrow	ADJ
cblr-9106	231	23	uncertainties	uncertainty	NOUN
cblr-9106	231	24	about	about	ADP
cblr-9106	231	25	the	the	DET
cblr-9106	231	26	magnitude	magnitude	NOUN
cblr-9106	231	27	of	of	ADP
cblr-9106	231	28	these	these	DET
cblr-9106	231	29	risks	risk	NOUN
cblr-9106	231	30	.	.	PUNCT
cblr-9106	232	1	b.	b.	PROPN
cblr-9106	232	2	do	do	AUX
cblr-9106	232	3	markets	market	VERB
cblr-9106	232	4	price	price	NOUN
cblr-9106	232	5	climate	climate	NOUN
cblr-9106	232	6	risks	risk	NOUN
cblr-9106	232	7	?	?	PUNCT
cblr-9106	233	1	given	give	VERB
cblr-9106	233	2	these	these	DET
cblr-9106	233	3	characteristics	characteristic	NOUN
cblr-9106	233	4	of	of	ADP
cblr-9106	233	5	climate	climate	NOUN
cblr-9106	233	6	risks	risk	NOUN
cblr-9106	233	7	(	(	PUNCT
cblr-9106	233	8	long	long	ADJ
cblr-9106	233	9	time	time	NOUN
cblr-9106	233	10	horizon	horizon	NOUN
cblr-9106	233	11	,	,	PUNCT
cblr-9106	233	12	novelty	novelty	NOUN
cblr-9106	233	13	,	,	PUNCT
cblr-9106	233	14	complexity	complexity	NOUN
cblr-9106	233	15	,	,	PUNCT
cblr-9106	233	16	non	non	ADJ
cblr-9106	233	17	-	-	ADJ
cblr-9106	233	18	linearity	linearity	ADJ
cblr-9106	233	19	and	and	CCONJ
cblr-9106	233	20	dynamic	dynamic	ADJ
cblr-9106	233	21	nature	nature	NOUN
cblr-9106	233	22	)	)	PUNCT
cblr-9106	233	23	,	,	PUNCT
cblr-9106	233	24	it	it	PRON
cblr-9106	233	25	is	be	AUX
cblr-9106	233	26	unsurprising	unsurprising	ADJ
cblr-9106	233	27	that	that	SCONJ
cblr-9106	233	28	markets	market	NOUN
cblr-9106	233	29	struggle	struggle	VERB
cblr-9106	233	30	to	to	PART
cblr-9106	233	31	price	price	VERB
cblr-9106	233	32	them	they	PRON
cblr-9106	233	33	correctly	correctly	ADV
cblr-9106	233	34	.	.	PUNCT
cblr-9106	234	1	the	the	DET
cblr-9106	234	2	network	network	NOUN
cblr-9106	234	3	for	for	ADP
cblr-9106	234	4	greening	green	VERB
cblr-9106	234	5	the	the	DET
cblr-9106	234	6	financial	financial	ADJ
cblr-9106	234	7	system	system	NOUN
cblr-9106	234	8	,	,	PUNCT
cblr-9106	234	9	a	a	DET
cblr-9106	234	10	coalition	coalition	NOUN
cblr-9106	234	11	of	of	ADP
cblr-9106	234	12	central	central	ADJ
cblr-9106	234	13	banks	bank	NOUN
cblr-9106	234	14	and	and	CCONJ
cblr-9106	234	15	supervisors	supervisor	NOUN
cblr-9106	234	16	,	,	PUNCT
cblr-9106	234	17	published	publish	VERB
cblr-9106	234	18	a	a	DET
cblr-9106	234	19	report	report	NOUN
cblr-9106	234	20	70	70	NUM
cblr-9106	234	21	frank	frank	PROPN
cblr-9106	234	22	h.	h.	PROPN
cblr-9106	234	23	knight	knight	PROPN
cblr-9106	234	24	,	,	PUNCT
cblr-9106	234	25	risk	risk	NOUN
cblr-9106	234	26	,	,	PUNCT
cblr-9106	234	27	uncertainty	uncertainty	NOUN
cblr-9106	234	28	and	and	CCONJ
cblr-9106	234	29	profit	profit	NOUN
cblr-9106	234	30	225	225	NUM
cblr-9106	234	31	(	(	PUNCT
cblr-9106	234	32	1921	1921	NUM
cblr-9106	234	33	)	)	PUNCT
cblr-9106	234	34	.	.	PUNCT
cblr-9106	235	1	71	71	NUM
cblr-9106	235	2	see	see	NOUN
cblr-9106	235	3	,	,	PUNCT
cblr-9106	235	4	e.g.	e.g.	ADV
cblr-9106	235	5	,	,	PUNCT
cblr-9106	235	6	cameron	cameron	PROPN
cblr-9106	235	7	hepburn	hepburn	PROPN
cblr-9106	235	8	&	&	CCONJ
cblr-9106	235	9	j.	j.	PROPN
cblr-9106	235	10	doyne	doyne	PROPN
cblr-9106	235	11	farmer	farmer	NOUN
cblr-9106	235	12	,	,	PUNCT
cblr-9106	235	13	less	less	ADJ
cblr-9106	235	14	precision	precision	NOUN
cblr-9106	235	15	,	,	PUNCT
cblr-9106	235	16	more	more	ADJ
cblr-9106	235	17	truth	truth	NOUN
cblr-9106	235	18	:	:	PUNCT
cblr-9106	235	19	uncertainty	uncertainty	NOUN
cblr-9106	235	20	in	in	ADP
cblr-9106	235	21	climate	climate	NOUN
cblr-9106	235	22	economics	economic	NOUN
cblr-9106	235	23	and	and	CCONJ
cblr-9106	235	24	macroprudential	macroprudential	ADJ
cblr-9106	235	25	policy	policy	NOUN
cblr-9106	235	26	,	,	PUNCT
cblr-9106	235	27	in	in	ADP
cblr-9106	235	28	handbook	handbook	NOUN
cblr-9106	235	29	on	on	ADP
cblr-9106	235	30	the	the	DET
cblr-9106	235	31	economics	economic	NOUN
cblr-9106	235	32	of	of	ADP
cblr-9106	235	33	climate	climate	NOUN
cblr-9106	235	34	change	change	NOUN
cblr-9106	235	35	420	420	NUM
cblr-9106	235	36	,	,	PUNCT
cblr-9106	235	37	435	435	NUM
cblr-9106	235	38	(	(	PUNCT
cblr-9106	235	39	graciela	graciela	PROPN
cblr-9106	235	40	chichilnisky	chichilnisky	PROPN
cblr-9106	235	41	&	&	CCONJ
cblr-9106	235	42	armon	armon	PROPN
cblr-9106	235	43	rezai	rezai	PROPN
cblr-9106	235	44	eds	ed	NOUN
cblr-9106	235	45	.	.	PROPN
cblr-9106	235	46	,	,	PUNCT
cblr-9106	235	47	2020	2020	NUM
cblr-9106	235	48	)	)	PUNCT
cblr-9106	235	49	.	.	PUNCT
cblr-9106	236	1	72	72	NUM
cblr-9106	236	2	see	see	VERB
cblr-9106	236	3	,	,	PUNCT
cblr-9106	236	4	e.g.	e.g.	ADV
cblr-9106	236	5	,	,	PUNCT
cblr-9106	236	6	ilhan	ilhan	PROPN
cblr-9106	236	7	et	et	PROPN
cblr-9106	236	8	al	al	PROPN
cblr-9106	236	9	.	.	PROPN
cblr-9106	236	10	,	,	PUNCT
cblr-9106	236	11	supra	supra	PROPN
cblr-9106	236	12	note	note	PROPN
cblr-9106	236	13	26	26	NUM
cblr-9106	236	14	,	,	PUNCT
cblr-9106	236	15	at	at	ADP
cblr-9106	236	16	1540	1540	NUM
cblr-9106	236	17	(	(	PUNCT
cblr-9106	236	18	noting	note	VERB
cblr-9106	236	19	that	that	SCONJ
cblr-9106	236	20	the	the	DET
cblr-9106	236	21	financial	financial	ADJ
cblr-9106	236	22	impact	impact	NOUN
cblr-9106	236	23	of	of	ADP
cblr-9106	236	24	future	future	ADJ
cblr-9106	236	25	climate	climate	NOUN
cblr-9106	236	26	regulation	regulation	NOUN
cblr-9106	236	27	is	be	AUX
cblr-9106	236	28	difficult	difficult	ADJ
cblr-9106	236	29	to	to	PART
cblr-9106	236	30	quantify	quantify	VERB
cblr-9106	236	31	)	)	PUNCT
cblr-9106	236	32	.	.	PUNCT
cblr-9106	237	1	no	no	INTJ
cblr-9106	237	2	.	.	NOUN
cblr-9106	238	1	3:1085	3:1085	NUM
cblr-9106	238	2	]	]	X
cblr-9106	238	3	mandatory	mandatory	ADJ
cblr-9106	238	4	corporate	corporate	ADJ
cblr-9106	238	5	climate	climate	NOUN
cblr-9106	238	6	disclosures	disclosure	NOUN
cblr-9106	238	7	1103	1103	NUM
cblr-9106	238	8	in	in	ADP
cblr-9106	238	9	2019	2019	NUM
cblr-9106	238	10	noting	note	VERB
cblr-9106	238	11	that	that	SCONJ
cblr-9106	238	12	there	there	PRON
cblr-9106	238	13	is	be	VERB
cblr-9106	238	14	“	"	PUNCT
cblr-9106	238	15	a	a	DET
cblr-9106	238	16	strong	strong	ADJ
cblr-9106	238	17	risk	risk	NOUN
cblr-9106	238	18	that	that	SCONJ
cblr-9106	238	19	climate	climate	NOUN
cblr-9106	238	20	-	-	PUNCT
cblr-9106	238	21	related	relate	VERB
cblr-9106	238	22	financial	financial	ADJ
cblr-9106	238	23	risks	risk	NOUN
cblr-9106	238	24	are	be	AUX
cblr-9106	238	25	not	not	PART
cblr-9106	238	26	fully	fully	ADV
cblr-9106	238	27	reflected	reflect	VERB
cblr-9106	238	28	in	in	ADP
cblr-9106	238	29	asset	asset	NOUN
cblr-9106	238	30	valuations	valuation	NOUN
cblr-9106	238	31	.	.	PUNCT
cblr-9106	239	1	”73	”73	PROPN
cblr-9106	239	2	isabel	isabel	PROPN
cblr-9106	239	3	schnabel	schnabel	PROPN
cblr-9106	239	4	,	,	PUNCT
cblr-9106	239	5	an	an	DET
cblr-9106	239	6	executive	executive	ADJ
cblr-9106	239	7	board	board	NOUN
cblr-9106	239	8	member	member	NOUN
cblr-9106	239	9	of	of	ADP
cblr-9106	239	10	the	the	DET
cblr-9106	239	11	european	european	PROPN
cblr-9106	239	12	central	central	PROPN
cblr-9106	239	13	bank	bank	NOUN
cblr-9106	239	14	,	,	PUNCT
cblr-9106	239	15	similarly	similarly	ADV
cblr-9106	239	16	emphasized	emphasize	VERB
cblr-9106	239	17	that	that	SCONJ
cblr-9106	239	18	there	there	PRON
cblr-9106	239	19	is	be	VERB
cblr-9106	239	20	“	"	PUNCT
cblr-9106	239	21	broad	broad	ADJ
cblr-9106	239	22	agreement	agreement	NOUN
cblr-9106	239	23	that	that	PRON
cblr-9106	239	24	climate	climate	NOUN
cblr-9106	239	25	risks	risk	NOUN
cblr-9106	239	26	continue	continue	VERB
cblr-9106	239	27	to	to	PART
cblr-9106	239	28	be	be	AUX
cblr-9106	239	29	mispriced	misprice	VERB
cblr-9106	239	30	in	in	ADP
cblr-9106	239	31	financial	financial	ADJ
cblr-9106	239	32	markets	market	NOUN
cblr-9106	239	33	.	.	PUNCT
cblr-9106	240	1	”74	”74	PUNCT
cblr-9106	240	2	leaders	leader	NOUN
cblr-9106	240	3	of	of	ADP
cblr-9106	240	4	the	the	DET
cblr-9106	240	5	largest	large	ADJ
cblr-9106	240	6	financial	financial	ADJ
cblr-9106	240	7	institutions	institution	NOUN
cblr-9106	240	8	,	,	PUNCT
cblr-9106	240	9	like	like	ADP
cblr-9106	240	10	blackrock	blackrock	NOUN
cblr-9106	240	11	’s	’s	PART
cblr-9106	240	12	larry	larry	PROPN
cblr-9106	240	13	fink,75	fink,75	NOUN
cblr-9106	240	14	agree	agree	VERB
cblr-9106	240	15	.	.	PUNCT
cblr-9106	241	1	investors	investor	NOUN
cblr-9106	241	2	have	have	AUX
cblr-9106	241	3	voiced	voice	VERB
cblr-9106	241	4	concerns	concern	NOUN
cblr-9106	241	5	about	about	ADP
cblr-9106	241	6	the	the	DET
cblr-9106	241	7	lack	lack	NOUN
cblr-9106	241	8	of	of	ADP
cblr-9106	241	9	climate	climate	NOUN
cblr-9106	241	10	data	datum	NOUN
cblr-9106	241	11	they	they	PRON
cblr-9106	241	12	can	can	AUX
cblr-9106	241	13	access	access	VERB
cblr-9106	241	14	and	and	CCONJ
cblr-9106	241	15	financial	financial	ADJ
cblr-9106	241	16	intermediaries	intermediary	NOUN
cblr-9106	241	17	have	have	AUX
cblr-9106	241	18	started	start	VERB
cblr-9106	241	19	improving	improve	VERB
cblr-9106	241	20	their	their	PRON
cblr-9106	241	21	climate	climate	NOUN
cblr-9106	241	22	risk	risk	NOUN
cblr-9106	241	23	data	datum	NOUN
cblr-9106	241	24	and	and	CCONJ
cblr-9106	241	25	models.76	models.76	PROPN
cblr-9106	241	26	empirical	empirical	ADJ
cblr-9106	241	27	analyses	analysis	NOUN
cblr-9106	241	28	,	,	PUNCT
cblr-9106	241	29	too	too	ADV
cblr-9106	241	30	,	,	PUNCT
cblr-9106	241	31	have	have	AUX
cblr-9106	241	32	found	find	VERB
cblr-9106	241	33	repeatedly	repeatedly	ADV
cblr-9106	241	34	that	that	SCONJ
cblr-9106	241	35	financial	financial	ADJ
cblr-9106	241	36	markets	market	NOUN
cblr-9106	241	37	do	do	AUX
cblr-9106	241	38	not	not	PART
cblr-9106	241	39	accurately	accurately	ADV
cblr-9106	241	40	price	price	VERB
cblr-9106	241	41	climate	climate	NOUN
cblr-9106	241	42	risks.77	risks.77	NOUN
cblr-9106	241	43	it	it	PRON
cblr-9106	241	44	is	be	AUX
cblr-9106	241	45	worth	worth	ADJ
cblr-9106	241	46	pointing	point	VERB
cblr-9106	241	47	out	out	ADP
cblr-9106	241	48	that	that	SCONJ
cblr-9106	241	49	73	73	NUM
cblr-9106	241	50	cent	cent	NOUN
cblr-9106	241	51	.	.	PUNCT
cblr-9106	242	1	banks	bank	NOUN
cblr-9106	242	2	&	&	CCONJ
cblr-9106	242	3	supervisors	supervisors	PROPN
cblr-9106	242	4	network	network	VERB
cblr-9106	242	5	for	for	ADP
cblr-9106	242	6	greening	green	VERB
cblr-9106	242	7	the	the	DET
cblr-9106	242	8	fin	fin	NOUN
cblr-9106	242	9	.	.	PUNCT
cblr-9106	243	1	sys	sys	PROPN
cblr-9106	243	2	.	.	PROPN
cblr-9106	243	3	,	,	PUNCT
cblr-9106	243	4	a	a	DET
cblr-9106	243	5	call	call	NOUN
cblr-9106	243	6	for	for	ADP
cblr-9106	243	7	action	action	NOUN
cblr-9106	243	8	:	:	PUNCT
cblr-9106	243	9	climate	climate	NOUN
cblr-9106	243	10	change	change	NOUN
cblr-9106	243	11	as	as	ADP
cblr-9106	243	12	a	a	DET
cblr-9106	243	13	source	source	NOUN
cblr-9106	243	14	of	of	ADP
cblr-9106	243	15	financial	financial	ADJ
cblr-9106	243	16	risk	risk	NOUN
cblr-9106	243	17	2	2	NUM
cblr-9106	243	18	(	(	PUNCT
cblr-9106	243	19	2019	2019	NUM
cblr-9106	243	20	)	)	PUNCT
cblr-9106	243	21	,	,	PUNCT
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cblr-9106	245	1	[	[	X
cblr-9106	245	2	https://perma.cc/q5ch-phuz	https://perma.cc/q5ch-phuz	X
cblr-9106	245	3	]	]	PUNCT
cblr-9106	245	4	.	.	PUNCT
cblr-9106	246	1	74	74	NUM
cblr-9106	246	2	isabel	isabel	PROPN
cblr-9106	246	3	schnabel	schnabel	NOUN
cblr-9106	246	4	,	,	PUNCT
cblr-9106	246	5	member	member	NOUN
cblr-9106	246	6	of	of	ADP
cblr-9106	246	7	exec	exec	PROPN
cblr-9106	246	8	.	.	PUNCT
cblr-9106	247	1	bd	bd	PROPN
cblr-9106	247	2	.	.	PROPN
cblr-9106	247	3	,	,	PUNCT
cblr-9106	247	4	eur	eur	PROPN
cblr-9106	247	5	.	.	PUNCT
cblr-9106	247	6	cent	cent	NOUN
cblr-9106	247	7	.	.	PUNCT
cblr-9106	248	1	bank	bank	PROPN
cblr-9106	248	2	.	.	PUNCT
cblr-9106	248	3	,	,	PUNCT
cblr-9106	248	4	speech	speech	NOUN
cblr-9106	248	5	at	at	ADP
cblr-9106	248	6	the	the	DET
cblr-9106	248	7	european	european	ADJ
cblr-9106	248	8	sustainable	sustainable	ADJ
cblr-9106	248	9	finance	finance	NOUN
cblr-9106	248	10	summit	summit	NOUN
cblr-9106	248	11	:	:	PUNCT
cblr-9106	248	12	when	when	SCONJ
cblr-9106	248	13	markets	market	NOUN
cblr-9106	248	14	fail	fail	VERB
cblr-9106	248	15	—	—	PUNCT
cblr-9106	248	16	the	the	DET
cblr-9106	248	17	need	need	NOUN
cblr-9106	248	18	for	for	ADP
cblr-9106	248	19	collective	collective	ADJ
cblr-9106	248	20	action	action	NOUN
cblr-9106	248	21	in	in	ADP
cblr-9106	248	22	tackling	tackle	VERB
cblr-9106	248	23	climate	climate	NOUN
cblr-9106	248	24	change	change	NOUN
cblr-9106	248	25	(	(	PUNCT
cblr-9106	248	26	sept	sept	PROPN
cblr-9106	248	27	.	.	PROPN
cblr-9106	248	28	28	28	NUM
cblr-9106	248	29	,	,	PUNCT
cblr-9106	248	30	2020	2020	NUM
cblr-9106	248	31	)	)	PUNCT
cblr-9106	248	32	,	,	PUNCT
cblr-9106	248	33	https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp200928_1~268b	https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp200928_1~268b	NOUN
cblr-9106	248	34	0b672f.en.html	0b672f.en.html	NUM
cblr-9106	249	1	[	[	X
cblr-9106	249	2	https://perma.cc/epl4-rkh5	https://perma.cc/epl4-rkh5	NOUN
cblr-9106	249	3	]	]	PUNCT
cblr-9106	249	4	.	.	PUNCT
cblr-9106	250	1	75	75	NUM
cblr-9106	250	2	see	see	VERB
cblr-9106	250	3	,	,	PUNCT
cblr-9106	250	4	e.g.	e.g.	ADV
cblr-9106	250	5	,	,	PUNCT
cblr-9106	250	6	letter	letter	NOUN
cblr-9106	250	7	from	from	ADP
cblr-9106	250	8	larry	larry	PROPN
cblr-9106	250	9	fink	fink	PROPN
cblr-9106	250	10	,	,	PUNCT
cblr-9106	250	11	chairman	chairman	NOUN
cblr-9106	250	12	&	&	CCONJ
cblr-9106	250	13	chief	chief	ADJ
cblr-9106	250	14	exec	exec	NOUN
cblr-9106	250	15	.	.	PUNCT
cblr-9106	251	1	officer	officer	PROPN
cblr-9106	251	2	,	,	PUNCT
cblr-9106	251	3	blackrock	blackrock	PROPN
cblr-9106	251	4	,	,	PUNCT
cblr-9106	251	5	to	to	ADP
cblr-9106	251	6	ceos	ceos	PROPN
cblr-9106	251	7	(	(	PUNCT
cblr-9106	251	8	jan	jan	PROPN
cblr-9106	251	9	.	.	PROPN
cblr-9106	251	10	26	26	NUM
cblr-9106	251	11	,	,	PUNCT
cblr-9106	251	12	2021	2021	NUM
cblr-9106	251	13	)	)	PUNCT
cblr-9106	251	14	,	,	PUNCT
cblr-9106	251	15	https://www.blackrock.com/corporate/investor-relations/larry-fink-ceoletter	https://www.blackrock.com/corporate/investor-relations/larry-fink-ceoletter	X
cblr-9106	251	16	[	[	X
cblr-9106	251	17	https://perma.cc/un6e-lqpg	https://perma.cc/un6e-lqpg	X
cblr-9106	251	18	]	]	PUNCT
cblr-9106	251	19	.	.	PUNCT
cblr-9106	252	1	76	76	NUM
cblr-9106	252	2	see	see	VERB
cblr-9106	252	3	,	,	PUNCT
cblr-9106	252	4	e.g.	e.g.	ADV
cblr-9106	252	5	,	,	PUNCT
cblr-9106	252	6	billy	billy	PROPN
cblr-9106	252	7	nauman	nauman	PROPN
cblr-9106	252	8	&	&	CCONJ
cblr-9106	252	9	anna	anna	PROPN
cblr-9106	252	10	gross	gross	PROPN
cblr-9106	252	11	,	,	PUNCT
cblr-9106	252	12	credit	credit	NOUN
cblr-9106	252	13	rating	rating	NOUN
cblr-9106	252	14	agencies	agency	NOUN
cblr-9106	252	15	focus	focus	VERB
cblr-9106	252	16	on	on	ADP
cblr-9106	252	17	rising	rise	VERB
cblr-9106	252	18	green	green	ADJ
cblr-9106	252	19	risks	risk	NOUN
cblr-9106	252	20	,	,	PUNCT
cblr-9106	252	21	fin	fin	NOUN
cblr-9106	252	22	.	.	PUNCT
cblr-9106	253	1	times	times	PROPN
cblr-9106	253	2	(	(	PUNCT
cblr-9106	253	3	nov	nov	PROPN
cblr-9106	253	4	.	.	PROPN
cblr-9106	253	5	26	26	NUM
cblr-9106	253	6	,	,	PUNCT
cblr-9106	253	7	2019	2019	NUM
cblr-9106	253	8	)	)	PUNCT
cblr-9106	253	9	,	,	PUNCT
cblr-9106	253	10	https://www.ft.com/content/45d721ee-1036-11ea-a7e6-62bf4f9e548a	https://www.ft.com/content/45d721ee-1036-11ea-a7e6-62bf4f9e548a	ADJ
cblr-9106	253	11	(	(	PUNCT
cblr-9106	253	12	on	on	ADP
cblr-9106	253	13	file	file	NOUN
cblr-9106	253	14	with	with	ADP
cblr-9106	253	15	the	the	DET
cblr-9106	253	16	columbia	columbia	PROPN
cblr-9106	253	17	business	business	PROPN
cblr-9106	253	18	law	law	PROPN
cblr-9106	253	19	review	review	PROPN
cblr-9106	253	20	)	)	PUNCT
cblr-9106	253	21	.	.	PUNCT
cblr-9106	254	1	77	77	NUM
cblr-9106	254	2	see	see	VERB
cblr-9106	254	3	condon	condon	PROPN
cblr-9106	254	4	,	,	PUNCT
cblr-9106	254	5	supra	supra	PROPN
cblr-9106	254	6	note	note	PROPN
cblr-9106	254	7	25	25	NUM
cblr-9106	254	8	,	,	PUNCT
cblr-9106	254	9	at	at	ADP
cblr-9106	254	10	12–13	12–13	NUM
cblr-9106	254	11	(	(	PUNCT
cblr-9106	254	12	describing	describe	VERB
cblr-9106	254	13	various	various	ADJ
cblr-9106	254	14	empirical	empirical	ADJ
cblr-9106	254	15	analyses	analysis	NOUN
cblr-9106	254	16	)	)	PUNCT
cblr-9106	254	17	;	;	PUNCT
cblr-9106	254	18	see	see	VERB
cblr-9106	254	19	also	also	ADV
cblr-9106	254	20	sautner	sautner	ADV
cblr-9106	254	21	et	et	PROPN
cblr-9106	254	22	al	al	PROPN
cblr-9106	254	23	.	.	PROPN
cblr-9106	254	24	,	,	PUNCT
cblr-9106	254	25	supra	supra	PROPN
cblr-9106	254	26	note	note	PROPN
cblr-9106	254	27	26	26	NUM
cblr-9106	254	28	,	,	PUNCT
cblr-9106	254	29	at	at	ADP
cblr-9106	254	30	1	1	NUM
cblr-9106	254	31	(	(	PUNCT
cblr-9106	254	32	“	"	PUNCT
cblr-9106	254	33	[	[	X
cblr-9106	254	34	a]dditional	a]dditional	ADJ
cblr-9106	254	35	evidence	evidence	NOUN
cblr-9106	254	36	is	be	AUX
cblr-9106	254	37	needed	need	VERB
cblr-9106	254	38	to	to	PART
cblr-9106	254	39	more	more	ADV
cblr-9106	254	40	fully	fully	ADV
cblr-9106	254	41	understand	understand	VERB
cblr-9106	254	42	how	how	SCONJ
cblr-9106	254	43	climate	climate	NOUN
cblr-9106	254	44	-	-	PUNCT
cblr-9106	254	45	related	relate	VERB
cblr-9106	254	46	risks	risk	NOUN
cblr-9106	254	47	and	and	CCONJ
cblr-9106	254	48	opportunities	opportunity	NOUN
cblr-9106	254	49	affect	affect	VERB
cblr-9106	254	50	stock	stock	NOUN
cblr-9106	254	51	returns	return	NOUN
cblr-9106	254	52	and	and	CCONJ
cblr-9106	254	53	risks	risk	NOUN
cblr-9106	254	54	.	.	PUNCT
cblr-9106	254	55	”	"	PUNCT
cblr-9106	254	56	)	)	PUNCT
cblr-9106	254	57	;	;	PUNCT
cblr-9106	255	1	ilhan	ilhan	PROPN
cblr-9106	255	2	et	et	PROPN
cblr-9106	255	3	al	al	PROPN
cblr-9106	255	4	.	.	PROPN
cblr-9106	255	5	,	,	PUNCT
cblr-9106	255	6	supra	supra	PROPN
cblr-9106	255	7	note	note	VERB
cblr-9106	255	8	26	26	NUM
cblr-9106	255	9	(	(	PUNCT
cblr-9106	255	10	“	"	PUNCT
cblr-9106	255	11	[	[	X
cblr-9106	255	12	u]ncertainty	u]ncertainty	NOUN
cblr-9106	255	13	makes	make	VERB
cblr-9106	255	14	it	it	PRON
cblr-9106	255	15	difficult	difficult	ADJ
cblr-9106	255	16	for	for	SCONJ
cblr-9106	255	17	investors	investor	NOUN
cblr-9106	255	18	to	to	PART
cblr-9106	255	19	quantify	quantify	VERB
cblr-9106	255	20	the	the	DET
cblr-9106	255	21	impact	impact	NOUN
cblr-9106	255	22	that	that	SCONJ
cblr-9106	255	23	future	future	ADJ
cblr-9106	255	24	climate	climate	NOUN
cblr-9106	255	25	regulation	regulation	NOUN
cblr-9106	255	26	will	will	AUX
cblr-9106	255	27	have	have	VERB
cblr-9106	255	28	on	on	ADP
cblr-9106	255	29	firms	firm	NOUN
cblr-9106	255	30	in	in	ADP
cblr-9106	255	31	terms	term	NOUN
cblr-9106	255	32	of	of	ADP
cblr-9106	255	33	large	large	ADJ
cblr-9106	255	34	drops	drop	NOUN
cblr-9106	255	35	in	in	ADP
cblr-9106	255	36	stock	stock	NOUN
cblr-9106	255	37	prices	price	NOUN
cblr-9106	255	38	or	or	CCONJ
cblr-9106	255	39	general	general	ADJ
cblr-9106	255	40	increases	increase	NOUN
cblr-9106	255	41	in	in	ADP
cblr-9106	255	42	volatility	volatility	NOUN
cblr-9106	255	43	.	.	PUNCT
cblr-9106	255	44	”	"	PUNCT
cblr-9106	255	45	)	)	PUNCT
cblr-9106	255	46	.	.	PUNCT
cblr-9106	256	1	however	however	ADV
cblr-9106	256	2	,	,	PUNCT
cblr-9106	256	3	some	some	DET
cblr-9106	256	4	degree	degree	NOUN
cblr-9106	256	5	of	of	ADP
cblr-9106	256	6	pricing	pricing	NOUN
cblr-9106	256	7	of	of	ADP
cblr-9106	256	8	carbon	carbon	NOUN
cblr-9106	256	9	emissions	emission	NOUN
cblr-9106	256	10	does	do	AUX
cblr-9106	256	11	appear	appear	VERB
cblr-9106	256	12	already	already	ADV
cblr-9106	256	13	to	to	PART
cblr-9106	256	14	take	take	VERB
cblr-9106	256	15	place	place	NOUN
cblr-9106	256	16	.	.	PUNCT
cblr-9106	257	1	see	see	VERB
cblr-9106	257	2	patrick	patrick	PROPN
cblr-9106	257	3	bolton	bolton	PROPN
cblr-9106	257	4	&	&	CCONJ
cblr-9106	257	5	marcin	marcin	PROPN
cblr-9106	257	6	kacperczyk	kacperczyk	VERB
cblr-9106	257	7	,	,	PUNCT
cblr-9106	257	8	do	do	AUX
cblr-9106	257	9	investors	investor	NOUN
cblr-9106	257	10	care	care	VERB
cblr-9106	257	11	about	about	ADP
cblr-9106	257	12	carbon	carbon	NOUN
cblr-9106	257	13	risk	risk	NOUN
cblr-9106	257	14	?	?	PUNCT
cblr-9106	257	15	,	,	PUNCT
cblr-9106	257	16	142	142	NUM
cblr-9106	257	17	j.	j.	PROPN
cblr-9106	257	18	fin	fin	PROPN
cblr-9106	257	19	.	.	PUNCT
cblr-9106	257	20	econ	econ	PROPN
cblr-9106	257	21	.	.	PUNCT
cblr-9106	258	1	517	517	NUM
cblr-9106	258	2	,	,	PUNCT
cblr-9106	258	3	548	548	NUM
cblr-9106	258	4	(	(	PUNCT
cblr-9106	258	5	2021	2021	NUM
cblr-9106	258	6	)	)	PUNCT
cblr-9106	258	7	(	(	PUNCT
cblr-9106	258	8	reporting	report	VERB
cblr-9106	258	9	that	that	SCONJ
cblr-9106	258	10	stocks	stock	NOUN
cblr-9106	258	11	of	of	ADP
cblr-9106	258	12	firms	firm	NOUN
cblr-9106	258	13	with	with	ADP
cblr-9106	258	14	higher	high	ADJ
cblr-9106	258	15	carbon	carbon	NOUN
cblr-9106	258	16	emissions	emission	NOUN
cblr-9106	258	17	earn	earn	VERB
cblr-9106	258	18	higher	high	ADJ
cblr-9106	258	19	returns	return	NOUN
cblr-9106	258	20	,	,	PUNCT
cblr-9106	258	21	not	not	PART
cblr-9106	258	22	explicable	explicable	ADJ
cblr-9106	258	23	by	by	ADP
cblr-9106	258	24	other	other	ADJ
cblr-9106	258	25	known	know	VERB
cblr-9106	258	26	return	return	NOUN
cblr-9106	258	27	predictors	predictor	NOUN
cblr-9106	258	28	)	)	PUNCT
cblr-9106	258	29	.	.	PUNCT
cblr-9106	259	1	1104	1104	NUM
cblr-9106	259	2	columbia	columbia	PROPN
cblr-9106	259	3	business	business	NOUN
cblr-9106	259	4	law	law	PROPN
cblr-9106	259	5	review	review	NOUN
cblr-9106	259	6	[	[	X
cblr-9106	259	7	vol	vol	NOUN
cblr-9106	259	8	.	.	NOUN
cblr-9106	259	9	2021	2021	NUM
cblr-9106	259	10	evidence	evidence	NOUN
cblr-9106	259	11	of	of	ADP
cblr-9106	259	12	mispricing	mispricing	NOUN
cblr-9106	259	13	goes	go	VERB
cblr-9106	259	14	both	both	DET
cblr-9106	259	15	ways	way	NOUN
cblr-9106	259	16	,	,	PUNCT
cblr-9106	259	17	with	with	ADP
cblr-9106	259	18	some	some	DET
cblr-9106	259	19	pockets	pocket	NOUN
cblr-9106	259	20	of	of	ADP
cblr-9106	259	21	the	the	DET
cblr-9106	259	22	market	market	NOUN
cblr-9106	259	23	underestimating	underestimate	VERB
cblr-9106	259	24	climate	climate	NOUN
cblr-9106	259	25	risks78	risks78	NOUN
cblr-9106	259	26	and	and	CCONJ
cblr-9106	259	27	others	other	NOUN
cblr-9106	259	28	overestimating	overestimate	VERB
cblr-9106	259	29	it.79	it.79	NOUN
cblr-9106	259	30	this	this	PRON
cblr-9106	259	31	may	may	AUX
cblr-9106	259	32	be	be	AUX
cblr-9106	259	33	because	because	SCONJ
cblr-9106	259	34	of	of	ADP
cblr-9106	259	35	the	the	DET
cblr-9106	259	36	uncertainties	uncertainty	NOUN
cblr-9106	259	37	that	that	PRON
cblr-9106	259	38	impede	impede	VERB
cblr-9106	259	39	the	the	DET
cblr-9106	259	40	quantification	quantification	NOUN
cblr-9106	259	41	of	of	ADP
cblr-9106	259	42	climate	climate	NOUN
cblr-9106	259	43	risks.80	risks.80	NOUN
cblr-9106	259	44	but	but	CCONJ
cblr-9106	259	45	uncertainty	uncertainty	NOUN
cblr-9106	259	46	is	be	AUX
cblr-9106	259	47	not	not	PART
cblr-9106	259	48	the	the	DET
cblr-9106	259	49	whole	whole	ADJ
cblr-9106	259	50	story	story	NOUN
cblr-9106	259	51	;	;	PUNCT
cblr-9106	259	52	even	even	ADV
cblr-9106	259	53	climate	climate	NOUN
cblr-9106	259	54	risks	risk	NOUN
cblr-9106	259	55	that	that	PRON
cblr-9106	259	56	are	be	AUX
cblr-9106	259	57	known	know	VERB
cblr-9106	259	58	or	or	CCONJ
cblr-9106	259	59	could	could	AUX
cblr-9106	259	60	be	be	AUX
cblr-9106	259	61	known	know	VERB
cblr-9106	259	62	appear	appear	VERB
cblr-9106	259	63	not	not	PART
cblr-9106	259	64	fully	fully	ADV
cblr-9106	259	65	to	to	PART
cblr-9106	259	66	be	be	AUX
cblr-9106	259	67	priced	price	VERB
cblr-9106	259	68	.	.	PUNCT
cblr-9106	260	1	in	in	ADP
cblr-9106	260	2	a	a	DET
cblr-9106	260	3	recent	recent	ADJ
cblr-9106	260	4	article	article	NOUN
cblr-9106	260	5	,	,	PUNCT
cblr-9106	260	6	madison	madison	PROPN
cblr-9106	260	7	condon	condon	PROPN
cblr-9106	260	8	forcefully	forcefully	ADV
cblr-9106	260	9	argues	argue	VERB
cblr-9106	260	10	that	that	SCONJ
cblr-9106	260	11	a	a	DET
cblr-9106	260	12	lack	lack	NOUN
cblr-9106	260	13	of	of	ADP
cblr-9106	260	14	asset	asset	NOUN
cblr-9106	260	15	-	-	PUNCT
cblr-9106	260	16	level	level	NOUN
cblr-9106	260	17	data	datum	NOUN
cblr-9106	260	18	and	and	CCONJ
cblr-9106	260	19	appropriate	appropriate	ADJ
cblr-9106	260	20	modeling	modeling	NOUN
cblr-9106	260	21	techniques	technique	NOUN
cblr-9106	260	22	are	be	AUX
cblr-9106	260	23	part	part	NOUN
cblr-9106	260	24	of	of	ADP
cblr-9106	260	25	the	the	DET
cblr-9106	260	26	problem.81	problem.81	PROPN
cblr-9106	260	27	c.	c.	NOUN
cblr-9106	260	28	the	the	DET
cblr-9106	260	29	functions	function	NOUN
cblr-9106	260	30	of	of	ADP
cblr-9106	260	31	corporate	corporate	ADJ
cblr-9106	260	32	climate	climate	NOUN
cblr-9106	260	33	disclosures	disclosure	NOUN
cblr-9106	260	34	mispricing	misprice	VERB
cblr-9106	260	35	harms	harm	VERB
cblr-9106	260	36	investors	investor	NOUN
cblr-9106	260	37	and	and	CCONJ
cblr-9106	260	38	leads	lead	VERB
cblr-9106	260	39	to	to	ADP
cblr-9106	260	40	misallocation	misallocation	NOUN
cblr-9106	260	41	of	of	ADP
cblr-9106	260	42	capital.82	capital.82	NOUN
cblr-9106	260	43	that	that	PRON
cblr-9106	260	44	,	,	PUNCT
cblr-9106	260	45	in	in	ADP
cblr-9106	260	46	turn	turn	NOUN
cblr-9106	260	47	,	,	PUNCT
cblr-9106	260	48	affects	affect	VERB
cblr-9106	260	49	the	the	DET
cblr-9106	260	50	net	net	ADJ
cblr-9106	260	51	-	-	PUNCT
cblr-9106	260	52	zero	zero	NUM
cblr-9106	260	53	transition	transition	NOUN
cblr-9106	260	54	—	—	PUNCT
cblr-9106	260	55	the	the	DET
cblr-9106	260	56	full	full	ADJ
cblr-9106	260	57	pricing	pricing	NOUN
cblr-9106	260	58	of	of	ADP
cblr-9106	260	59	both	both	DET
cblr-9106	260	60	climate	climate	NOUN
cblr-9106	260	61	change	change	NOUN
cblr-9106	260	62	effects	effect	NOUN
cblr-9106	260	63	and	and	CCONJ
cblr-9106	260	64	the	the	DET
cblr-9106	260	65	timing	timing	NOUN
cblr-9106	260	66	and	and	CCONJ
cblr-9106	260	67	outcomes	outcome	NOUN
cblr-9106	260	68	of	of	ADP
cblr-9106	260	69	the	the	DET
cblr-9106	260	70	transition	transition	NOUN
cblr-9106	260	71	to	to	PART
cblr-9106	260	72	carbon	carbon	NOUN
cblr-9106	260	73	neutrality	neutrality	NOUN
cblr-9106	260	74	would	would	AUX
cblr-9106	260	75	avoid	avoid	VERB
cblr-9106	260	76	overinvestment	overinvestment	ADJ
cblr-9106	260	77	in	in	ADP
cblr-9106	260	78	projects	project	NOUN
cblr-9106	260	79	that	that	PRON
cblr-9106	260	80	are	be	AUX
cblr-9106	260	81	unprofitable	unprofitable	ADJ
cblr-9106	260	82	or	or	CCONJ
cblr-9106	260	83	unsustainable.83	unsustainable.83	ADJ
cblr-9106	260	84	further	far	ADV
cblr-9106	260	85	,	,	PUNCT
cblr-9106	260	86	better	well	ADJ
cblr-9106	260	87	pricing	pricing	NOUN
cblr-9106	260	88	and	and	CCONJ
cblr-9106	260	89	capital	capital	NOUN
cblr-9106	260	90	allocation	allocation	NOUN
cblr-9106	260	91	would	would	AUX
cblr-9106	260	92	support	support	VERB
cblr-9106	260	93	the	the	DET
cblr-9106	260	94	innovation	innovation	NOUN
cblr-9106	260	95	that	that	PRON
cblr-9106	260	96	is	be	AUX
cblr-9106	260	97	needed	need	VERB
cblr-9106	260	98	to	to	PART
cblr-9106	260	99	realize	realize	VERB
cblr-9106	260	100	a	a	DET
cblr-9106	260	101	netzero	netzero	PROPN
cblr-9106	260	102	transition	transition	NOUN
cblr-9106	260	103	.	.	PUNCT
cblr-9106	261	1	transition	transition	NOUN
cblr-9106	261	2	risk	risk	NOUN
cblr-9106	261	3	scenario	scenario	NOUN
cblr-9106	261	4	planning	planning	NOUN
cblr-9106	261	5	,	,	PUNCT
cblr-9106	261	6	for	for	ADP
cblr-9106	261	7	example	example	NOUN
cblr-9106	261	8	,	,	PUNCT
cblr-9106	261	9	would	would	AUX
cblr-9106	261	10	help	help	VERB
cblr-9106	261	11	market	market	NOUN
cblr-9106	261	12	participants	participant	NOUN
cblr-9106	261	13	identify	identify	VERB
cblr-9106	261	14	opportunities	opportunity	NOUN
cblr-9106	261	15	for	for	ADP
cblr-9106	261	16	investment	investment	NOUN
cblr-9106	261	17	in	in	ADP
cblr-9106	261	18	transition	transition	NOUN
cblr-9106	261	19	-	-	PUNCT
cblr-9106	261	20	related	relate	VERB
cblr-9106	261	21	services.84	services.84	NOUN
cblr-9106	261	22	78	78	NUM
cblr-9106	261	23	hong	hong	PROPN
cblr-9106	261	24	et	et	PROPN
cblr-9106	261	25	al	al	PROPN
cblr-9106	261	26	.	.	PROPN
cblr-9106	261	27	,	,	PUNCT
cblr-9106	261	28	supra	supra	PROPN
cblr-9106	261	29	note	note	PROPN
cblr-9106	261	30	15	15	NUM
cblr-9106	261	31	,	,	PUNCT
cblr-9106	261	32	at	at	ADP
cblr-9106	261	33	280	280	NUM
cblr-9106	261	34	(	(	PUNCT
cblr-9106	261	35	finding	find	VERB
cblr-9106	261	36	that	that	SCONJ
cblr-9106	261	37	food	food	NOUN
cblr-9106	261	38	stock	stock	NOUN
cblr-9106	261	39	prices	price	NOUN
cblr-9106	261	40	underreact	underreact	ADJ
cblr-9106	261	41	to	to	ADP
cblr-9106	261	42	climate	climate	NOUN
cblr-9106	261	43	change	change	NOUN
cblr-9106	261	44	risks	risk	NOUN
cblr-9106	261	45	)	)	PUNCT
cblr-9106	261	46	.	.	PUNCT
cblr-9106	262	1	79	79	NUM
cblr-9106	262	2	shashwat	shashwat	PROPN
cblr-9106	262	3	alok	alok	PROPN
cblr-9106	262	4	,	,	PUNCT
cblr-9106	262	5	nitin	nitin	PROPN
cblr-9106	262	6	kumar	kumar	PROPN
cblr-9106	262	7	&	&	CCONJ
cblr-9106	262	8	russ	russ	PROPN
cblr-9106	262	9	wermers	wermers	PROPN
cblr-9106	262	10	,	,	PUNCT
cblr-9106	262	11	do	do	VERB
cblr-9106	262	12	fund	fund	NOUN
cblr-9106	262	13	managers	manager	NOUN
cblr-9106	262	14	misestimate	misestimate	NOUN
cblr-9106	262	15	climate	climate	NOUN
cblr-9106	262	16	disaster	disaster	NOUN
cblr-9106	262	17	risk	risk	NOUN
cblr-9106	262	18	?	?	PUNCT
cblr-9106	262	19	,	,	PUNCT
cblr-9106	262	20	33	33	NUM
cblr-9106	262	21	rev	rev	VERB
cblr-9106	262	22	.	.	PROPN
cblr-9106	262	23	fin	fin	NOUN
cblr-9106	262	24	.	.	PUNCT
cblr-9106	262	25	stud	stud	PROPN
cblr-9106	262	26	.	.	PUNCT
cblr-9106	263	1	1146	1146	NUM
cblr-9106	263	2	,	,	PUNCT
cblr-9106	263	3	1146	1146	NUM
cblr-9106	263	4	(	(	PUNCT
cblr-9106	263	5	2020	2020	NUM
cblr-9106	263	6	)	)	PUNCT
cblr-9106	263	7	(	(	PUNCT
cblr-9106	263	8	finding	find	VERB
cblr-9106	263	9	that	that	SCONJ
cblr-9106	263	10	“	"	PUNCT
cblr-9106	263	11	managers	manager	NOUN
cblr-9106	263	12	within	within	ADP
cblr-9106	263	13	a	a	DET
cblr-9106	263	14	major	major	ADJ
cblr-9106	263	15	disaster	disaster	NOUN
cblr-9106	263	16	region	region	NOUN
cblr-9106	263	17	underweight	underweight	NOUN
cblr-9106	263	18	disaster	disaster	NOUN
cblr-9106	263	19	zone	zone	NOUN
cblr-9106	263	20	stocks	stock	NOUN
cblr-9106	263	21	to	to	ADP
cblr-9106	263	22	a	a	DET
cblr-9106	263	23	much	much	ADV
cblr-9106	263	24	greater	great	ADJ
cblr-9106	263	25	degree	degree	NOUN
cblr-9106	263	26	than	than	ADP
cblr-9106	263	27	distant	distant	ADJ
cblr-9106	263	28	managers	manager	NOUN
cblr-9106	263	29	and	and	CCONJ
cblr-9106	263	30	that	that	SCONJ
cblr-9106	263	31	this	this	DET
cblr-9106	263	32	aversion	aversion	NOUN
cblr-9106	263	33	to	to	ADP
cblr-9106	263	34	disaster	disaster	NOUN
cblr-9106	263	35	zone	zone	NOUN
cblr-9106	263	36	stocks	stock	NOUN
cblr-9106	263	37	is	be	AUX
cblr-9106	263	38	related	relate	VERB
cblr-9106	263	39	to	to	ADP
cblr-9106	263	40	a	a	DET
cblr-9106	263	41	salience	salience	NOUN
cblr-9106	263	42	bias	bias	NOUN
cblr-9106	263	43	that	that	PRON
cblr-9106	263	44	decreases	decrease	VERB
cblr-9106	263	45	over	over	ADP
cblr-9106	263	46	time	time	NOUN
cblr-9106	263	47	and	and	CCONJ
cblr-9106	263	48	distance	distance	NOUN
cblr-9106	263	49	from	from	ADP
cblr-9106	263	50	the	the	DET
cblr-9106	263	51	disaster	disaster	NOUN
cblr-9106	263	52	,	,	PUNCT
cblr-9106	263	53	rather	rather	ADV
cblr-9106	263	54	than	than	ADP
cblr-9106	263	55	to	to	ADP
cblr-9106	263	56	superior	superior	ADJ
cblr-9106	263	57	information	information	NOUN
cblr-9106	263	58	possessed	possess	VERB
cblr-9106	263	59	by	by	ADP
cblr-9106	263	60	close	close	ADJ
cblr-9106	263	61	managers	manager	NOUN
cblr-9106	263	62	”	"	PUNCT
cblr-9106	263	63	)	)	PUNCT
cblr-9106	263	64	.	.	PUNCT
cblr-9106	264	1	80	80	NUM
cblr-9106	264	2	see	see	VERB
cblr-9106	264	3	supra	supra	PROPN
cblr-9106	264	4	section	section	PROPN
cblr-9106	264	5	ii.a	ii.a	PROPN
cblr-9106	264	6	.	.	PUNCT
cblr-9106	265	1	81	81	NUM
cblr-9106	265	2	condon	condon	PROPN
cblr-9106	265	3	,	,	PUNCT
cblr-9106	265	4	supra	supra	PROPN
cblr-9106	265	5	note	note	PROPN
cblr-9106	265	6	25	25	NUM
cblr-9106	265	7	,	,	PUNCT
cblr-9106	265	8	at	at	ADP
cblr-9106	265	9	16–18	16–18	NUM
cblr-9106	265	10	.	.	PUNCT
cblr-9106	266	1	other	other	ADJ
cblr-9106	266	2	factors	factor	NOUN
cblr-9106	266	3	include	include	VERB
cblr-9106	266	4	model	model	NOUN
cblr-9106	266	5	risk	risk	NOUN
cblr-9106	266	6	and	and	CCONJ
cblr-9106	266	7	latent	latent	NOUN
cblr-9106	266	8	risk	risk	NOUN
cblr-9106	266	9	,	,	PUNCT
cblr-9106	266	10	misaligned	misaligned	ADJ
cblr-9106	266	11	incentives	incentive	NOUN
cblr-9106	266	12	of	of	ADP
cblr-9106	266	13	corporate	corporate	ADJ
cblr-9106	266	14	leadership	leadership	NOUN
cblr-9106	266	15	,	,	PUNCT
cblr-9106	266	16	myopic	myopic	ADJ
cblr-9106	266	17	shareholders	shareholder	NOUN
cblr-9106	266	18	and	and	CCONJ
cblr-9106	266	19	market	market	NOUN
cblr-9106	266	20	structure	structure	NOUN
cblr-9106	266	21	,	,	PUNCT
cblr-9106	266	22	misinformation	misinformation	NOUN
cblr-9106	266	23	and	and	CCONJ
cblr-9106	266	24	biases	bias	NOUN
cblr-9106	266	25	,	,	PUNCT
cblr-9106	266	26	and	and	CCONJ
cblr-9106	266	27	political	political	ADJ
cblr-9106	266	28	opposition	opposition	NOUN
cblr-9106	266	29	and	and	CCONJ
cblr-9106	266	30	regulatory	regulatory	ADJ
cblr-9106	266	31	capture	capture	NOUN
cblr-9106	266	32	.	.	PUNCT
cblr-9106	267	1	i	i	PRON
cblr-9106	267	2	d.	d.	PROPN
cblr-9106	267	3	at	at	ADP
cblr-9106	267	4	17–39	17–39	NUM
cblr-9106	267	5	.	.	PUNCT
cblr-9106	268	1	82	82	NUM
cblr-9106	268	2	see	see	NOUN
cblr-9106	268	3	,	,	PUNCT
cblr-9106	268	4	e.g.	e.g.	ADV
cblr-9106	268	5	,	,	PUNCT
cblr-9106	268	6	mercure	mercure	NOUN
cblr-9106	268	7	et	et	PROPN
cblr-9106	268	8	al	al	PROPN
cblr-9106	268	9	.	.	PROPN
cblr-9106	268	10	,	,	PUNCT
cblr-9106	268	11	supra	supra	PROPN
cblr-9106	268	12	note	note	PROPN
cblr-9106	268	13	27	27	NUM
cblr-9106	268	14	,	,	PUNCT
cblr-9106	268	15	at	at	ADP
cblr-9106	268	16	591	591	NUM
cblr-9106	268	17	.	.	PUNCT
cblr-9106	268	18	83	83	NUM
cblr-9106	268	19	condon	condon	PROPN
cblr-9106	268	20	,	,	PUNCT
cblr-9106	268	21	supra	supra	PROPN
cblr-9106	268	22	note	note	PROPN
cblr-9106	268	23	34	34	NUM
cblr-9106	268	24	,	,	PUNCT
cblr-9106	268	25	at	at	ADP
cblr-9106	268	26	40–42	40–42	PROPN
cblr-9106	268	27	(	(	PUNCT
cblr-9106	268	28	2020	2020	NUM
cblr-9106	268	29	)	)	PUNCT
cblr-9106	268	30	.	.	PUNCT
cblr-9106	269	1	84	84	NUM
cblr-9106	269	2	see	see	VERB
cblr-9106	269	3	task	task	NOUN
cblr-9106	269	4	force	force	NOUN
cblr-9106	269	5	on	on	ADP
cblr-9106	269	6	climate	climate	NOUN
cblr-9106	269	7	-	-	PUNCT
cblr-9106	269	8	related	relate	VERB
cblr-9106	269	9	fin	fin	NOUN
cblr-9106	269	10	.	.	PUNCT
cblr-9106	270	1	disclosures	disclosure	NOUN
cblr-9106	270	2	,	,	PUNCT
cblr-9106	270	3	the	the	DET
cblr-9106	270	4	use	use	NOUN
cblr-9106	270	5	of	of	ADP
cblr-9106	270	6	scenario	scenario	NOUN
cblr-9106	270	7	analysis	analysis	NOUN
cblr-9106	270	8	in	in	ADP
cblr-9106	270	9	disclosure	disclosure	NOUN
cblr-9106	270	10	of	of	ADP
cblr-9106	270	11	climate	climate	NOUN
cblr-9106	270	12	-	-	PUNCT
cblr-9106	270	13	related	relate	VERB
cblr-9106	270	14	risks	risk	NOUN
cblr-9106	270	15	and	and	CCONJ
cblr-9106	270	16	opportunities	opportunity	NOUN
cblr-9106	270	17	2–4	2–4	NUM
cblr-9106	270	18	(	(	PUNCT
cblr-9106	270	19	2017	2017	NUM
cblr-9106	270	20	)	)	PUNCT
cblr-9106	270	21	,	,	PUNCT
cblr-9106	270	22	no	no	INTJ
cblr-9106	270	23	.	.	NOUN
cblr-9106	271	1	3:1085	3:1085	NUM
cblr-9106	271	2	]	]	X
cblr-9106	271	3	mandatory	mandatory	ADJ
cblr-9106	271	4	corporate	corporate	ADJ
cblr-9106	271	5	climate	climate	NOUN
cblr-9106	271	6	disclosures	disclosure	NOUN
cblr-9106	271	7	1105	1105	NUM
cblr-9106	271	8	finally	finally	ADV
cblr-9106	271	9	,	,	PUNCT
cblr-9106	271	10	better	well	ADJ
cblr-9106	271	11	pricing	pricing	NOUN
cblr-9106	271	12	and	and	CCONJ
cblr-9106	271	13	capital	capital	NOUN
cblr-9106	271	14	allocation	allocation	NOUN
cblr-9106	271	15	mean	mean	VERB
cblr-9106	271	16	that	that	SCONJ
cblr-9106	271	17	financial	financial	ADJ
cblr-9106	271	18	markets	market	NOUN
cblr-9106	271	19	can	can	AUX
cblr-9106	271	20	amplify	amplify	VERB
cblr-9106	271	21	the	the	DET
cblr-9106	271	22	effectiveness	effectiveness	NOUN
cblr-9106	271	23	of	of	ADP
cblr-9106	271	24	climate	climate	NOUN
cblr-9106	271	25	policies	policy	NOUN
cblr-9106	271	26	and	and	CCONJ
cblr-9106	271	27	of	of	ADP
cblr-9106	271	28	firms	firm	NOUN
cblr-9106	271	29	’	'	PUNCT
cblr-9106	271	30	transition	transition	NOUN
cblr-9106	271	31	plans.85	plans.85	NOUN
cblr-9106	271	32	improved	improve	VERB
cblr-9106	271	33	insight	insight	NOUN
cblr-9106	271	34	into	into	ADP
cblr-9106	271	35	climate	climate	NOUN
cblr-9106	271	36	risks	risk	NOUN
cblr-9106	271	37	would	would	AUX
cblr-9106	271	38	also	also	ADV
cblr-9106	271	39	promote	promote	VERB
cblr-9106	271	40	financial	financial	ADJ
cblr-9106	271	41	stability.86	stability.86	NOUN
cblr-9106	271	42	climate	climate	NOUN
cblr-9106	271	43	risks	risk	NOUN
cblr-9106	271	44	may	may	AUX
cblr-9106	271	45	pose	pose	VERB
cblr-9106	271	46	direct	direct	ADJ
cblr-9106	271	47	risks	risk	NOUN
cblr-9106	271	48	to	to	ADP
cblr-9106	271	49	financial	financial	ADJ
cblr-9106	271	50	stability	stability	NOUN
cblr-9106	271	51	—	—	PUNCT
cblr-9106	271	52	for	for	ADP
cblr-9106	271	53	example	example	NOUN
cblr-9106	271	54	,	,	PUNCT
cblr-9106	271	55	if	if	SCONJ
cblr-9106	271	56	a	a	DET
cblr-9106	271	57	climate	climate	NOUN
cblr-9106	271	58	tipping	tipping	NOUN
cblr-9106	271	59	point	point	NOUN
cblr-9106	271	60	causes	cause	VERB
cblr-9106	271	61	a	a	DET
cblr-9106	271	62	sudden	sudden	ADJ
cblr-9106	271	63	change	change	NOUN
cblr-9106	271	64	in	in	ADP
cblr-9106	271	65	climate	climate	NOUN
cblr-9106	271	66	conditions	condition	NOUN
cblr-9106	271	67	which	which	PRON
cblr-9106	271	68	causes	cause	VERB
cblr-9106	271	69	extreme	extreme	ADJ
cblr-9106	271	70	weather	weather	NOUN
cblr-9106	271	71	,	,	PUNCT
cblr-9106	271	72	leading	lead	VERB
cblr-9106	271	73	to	to	ADP
cblr-9106	271	74	large	large	ADJ
cblr-9106	271	75	and	and	CCONJ
cblr-9106	271	76	correlated	correlate	VERB
cblr-9106	271	77	drops	drop	NOUN
cblr-9106	271	78	in	in	ADP
cblr-9106	271	79	economic	economic	ADJ
cblr-9106	271	80	output.87	output.87	NOUN
cblr-9106	271	81	however	however	ADV
cblr-9106	271	82	,	,	PUNCT
cblr-9106	271	83	as	as	SCONJ
cblr-9106	271	84	research	research	NOUN
cblr-9106	271	85	from	from	ADP
cblr-9106	271	86	the	the	DET
cblr-9106	271	87	u.s	u.s	PROPN
cblr-9106	271	88	.	.	PROPN
cblr-9106	271	89	federal	federal	PROPN
cblr-9106	271	90	reserve	reserve	PROPN
cblr-9106	271	91	has	have	AUX
cblr-9106	271	92	pointed	point	VERB
cblr-9106	271	93	out	out	ADP
cblr-9106	271	94	,	,	PUNCT
cblr-9106	271	95	climate	climate	NOUN
cblr-9106	271	96	risks	risk	NOUN
cblr-9106	271	97	may	may	AUX
cblr-9106	271	98	also	also	ADV
cblr-9106	271	99	pose	pose	VERB
cblr-9106	271	100	indirect	indirect	ADJ
cblr-9106	271	101	risks	risk	NOUN
cblr-9106	271	102	to	to	ADP
cblr-9106	271	103	financial	financial	ADJ
cblr-9106	271	104	stability	stability	NOUN
cblr-9106	271	105	by	by	ADP
cblr-9106	271	106	“	"	PUNCT
cblr-9106	271	107	increas[ing	increas[e	VERB
cblr-9106	271	108	]	]	PUNCT
cblr-9106	271	109	financialsystem	financialsystem	NOUN
cblr-9106	271	110	vulnerabilities	vulnerability	NOUN
cblr-9106	271	111	through	through	ADP
cblr-9106	271	112	losses	loss	NOUN
cblr-9106	271	113	to	to	AUX
cblr-9106	271	114	levered	lever	VERB
cblr-9106	271	115	financial	financial	ADJ
cblr-9106	271	116	intermediaries	intermediary	NOUN
cblr-9106	271	117	,	,	PUNCT
cblr-9106	271	118	disruption	disruption	NOUN
cblr-9106	271	119	in	in	ADP
cblr-9106	271	120	financial	financial	ADJ
cblr-9106	271	121	market	market	NOUN
cblr-9106	271	122	functioning	functioning	NOUN
cblr-9106	271	123	,	,	PUNCT
cblr-9106	271	124	or	or	CCONJ
cblr-9106	271	125	sudden	sudden	ADJ
cblr-9106	271	126	repricing	repricing	NOUN
cblr-9106	271	127	of	of	ADP
cblr-9106	271	128	large	large	ADJ
cblr-9106	271	129	classes	class	NOUN
cblr-9106	271	130	of	of	ADP
cblr-9106	271	131	assets	asset	NOUN
cblr-9106	271	132	.	.	PUNCT
cblr-9106	272	1	”88	”88	ADJ
cblr-9106	272	2	mark	mark	PROPN
cblr-9106	272	3	carney	carney	PROPN
cblr-9106	272	4	,	,	PUNCT
cblr-9106	272	5	former	former	ADJ
cblr-9106	272	6	governor	governor	NOUN
cblr-9106	272	7	of	of	ADP
cblr-9106	272	8	the	the	DET
cblr-9106	272	9	bank	bank	PROPN
cblr-9106	272	10	of	of	ADP
cblr-9106	272	11	england	england	PROPN
cblr-9106	272	12	and	and	CCONJ
cblr-9106	272	13	current	current	ADJ
cblr-9106	272	14	united	united	PROPN
cblr-9106	272	15	nations	nations	PROPN
cblr-9106	272	16	special	special	ADJ
cblr-9106	272	17	envoy	envoy	NOUN
cblr-9106	272	18	for	for	ADP
cblr-9106	272	19	climate	climate	NOUN
cblr-9106	272	20	action	action	NOUN
cblr-9106	272	21	and	and	CCONJ
cblr-9106	272	22	finance	finance	NOUN
cblr-9106	272	23	,	,	PUNCT
cblr-9106	272	24	has	have	AUX
cblr-9106	272	25	referred	refer	VERB
cblr-9106	272	26	to	to	ADP
cblr-9106	272	27	the	the	DET
cblr-9106	272	28	latter	latter	ADJ
cblr-9106	272	29	risk	risk	NOUN
cblr-9106	272	30	as	as	ADP
cblr-9106	272	31	a	a	DET
cblr-9106	272	32	climate	climate	NOUN
cblr-9106	272	33	-	-	PUNCT
cblr-9106	272	34	induced	induce	VERB
cblr-9106	272	35	“	"	PUNCT
cblr-9106	272	36	minsky	minsky	ADJ
cblr-9106	272	37	moment:”89	moment:”89	NOUN
cblr-9106	272	38	if	if	SCONJ
cblr-9106	272	39	climate	climate	NOUN
cblr-9106	272	40	risks	risk	NOUN
cblr-9106	272	41	were	be	AUX
cblr-9106	272	42	to	to	PART
cblr-9106	272	43	be	be	AUX
cblr-9106	272	44	suddenly	suddenly	ADV
cblr-9106	272	45	recognized	recognize	VERB
cblr-9106	272	46	,	,	PUNCT
cblr-9106	272	47	for	for	ADP
cblr-9106	272	48	example	example	NOUN
cblr-9106	272	49	,	,	PUNCT
cblr-9106	272	50	because	because	SCONJ
cblr-9106	272	51	of	of	ADP
cblr-9106	272	52	some	some	DET
cblr-9106	272	53	external	external	ADJ
cblr-9106	272	54	(	(	PUNCT
cblr-9106	272	55	climate	climate	NOUN
cblr-9106	272	56	change	change	NOUN
cblr-9106	272	57	or	or	CCONJ
cblr-9106	272	58	policy	policy	NOUN
cblr-9106	272	59	https://assets.bbhub.io/company/sites/60/2020/10/final-tcfd-technicalsupplement-062917.pdf	https://assets.bbhub.io/company/sites/60/2020/10/final-tcfd-technicalsupplement-062917.pdf	NOUN
cblr-9106	272	60	[	[	X
cblr-9106	272	61	https://perma.cc/9fke-lfur	https://perma.cc/9fke-lfur	X
cblr-9106	272	62	]	]	PUNCT
cblr-9106	272	63	.	.	PUNCT
cblr-9106	272	64	85	85	NUM
cblr-9106	272	65	incidentally	incidentally	ADV
cblr-9106	272	66	,	,	PUNCT
cblr-9106	272	67	disclosures	disclosure	NOUN
cblr-9106	272	68	can	can	AUX
cblr-9106	272	69	themselves	themselves	PRON
cblr-9106	272	70	contribute	contribute	VERB
cblr-9106	272	71	to	to	ADP
cblr-9106	272	72	the	the	DET
cblr-9106	272	73	feedback	feedback	NOUN
cblr-9106	272	74	effects	effect	NOUN
cblr-9106	272	75	that	that	PRON
cblr-9106	272	76	are	be	AUX
cblr-9106	272	77	needed	need	VERB
cblr-9106	272	78	to	to	PART
cblr-9106	272	79	push	push	VERB
cblr-9106	272	80	governments	government	NOUN
cblr-9106	272	81	and	and	CCONJ
cblr-9106	272	82	markets	market	NOUN
cblr-9106	272	83	in	in	ADP
cblr-9106	272	84	the	the	DET
cblr-9106	272	85	direction	direction	NOUN
cblr-9106	272	86	of	of	ADP
cblr-9106	272	87	carbon	carbon	NOUN
cblr-9106	272	88	neutrality	neutrality	NOUN
cblr-9106	272	89	by	by	ADP
cblr-9106	272	90	revealing	reveal	VERB
cblr-9106	272	91	information	information	NOUN
cblr-9106	272	92	to	to	ADP
cblr-9106	272	93	markets	market	NOUN
cblr-9106	272	94	about	about	ADP
cblr-9106	272	95	the	the	DET
cblr-9106	272	96	costs	cost	NOUN
cblr-9106	272	97	of	of	ADP
cblr-9106	272	98	inaction	inaction	NOUN
cblr-9106	272	99	.	.	PUNCT
cblr-9106	273	1	see	see	VERB
cblr-9106	273	2	farmer	farmer	PROPN
cblr-9106	273	3	et	et	PROPN
cblr-9106	273	4	al	al	PROPN
cblr-9106	273	5	.	.	PROPN
cblr-9106	273	6	,	,	PUNCT
cblr-9106	273	7	supra	supra	PROPN
cblr-9106	273	8	note	note	PROPN
cblr-9106	273	9	52	52	NUM
cblr-9106	273	10	,	,	PUNCT
cblr-9106	273	11	at	at	ADP
cblr-9106	273	12	132–33	132–33	NUM
cblr-9106	273	13	.	.	PUNCT
cblr-9106	274	1	86	86	NUM
cblr-9106	274	2	see	see	VERB
cblr-9106	274	3	fin	fin	NOUN
cblr-9106	274	4	.	.	PUNCT
cblr-9106	275	1	stability	stability	PROPN
cblr-9106	275	2	bd	bd	PROPN
cblr-9106	275	3	.	.	PROPN
cblr-9106	275	4	,	,	PUNCT
cblr-9106	275	5	the	the	DET
cblr-9106	275	6	availability	availability	NOUN
cblr-9106	275	7	of	of	ADP
cblr-9106	275	8	data	datum	NOUN
cblr-9106	275	9	with	with	ADP
cblr-9106	275	10	which	which	PRON
cblr-9106	275	11	to	to	PART
cblr-9106	275	12	monitor	monitor	VERB
cblr-9106	275	13	and	and	CCONJ
cblr-9106	275	14	assess	assess	VERB
cblr-9106	275	15	climate	climate	NOUN
cblr-9106	275	16	-	-	PUNCT
cblr-9106	275	17	related	relate	VERB
cblr-9106	275	18	risks	risk	NOUN
cblr-9106	275	19	to	to	ADP
cblr-9106	275	20	financial	financial	ADJ
cblr-9106	275	21	stability	stability	NOUN
cblr-9106	275	22	5	5	NUM
cblr-9106	275	23	(	(	PUNCT
cblr-9106	275	24	2021	2021	NUM
cblr-9106	275	25	)	)	PUNCT
cblr-9106	275	26	,	,	PUNCT
cblr-9106	275	27	https://www.fsb.org/wp-content/uploads/p070721-3.pdf	https://www.fsb.org/wp-content/uploads/p070721-3.pdf	PUNCT
cblr-9106	275	28	[	[	X
cblr-9106	275	29	https://perma.cc/69av-v9w8	https://perma.cc/69av-v9w8	NOUN
cblr-9106	275	30	]	]	X
cblr-9106	275	31	.	.	PUNCT
cblr-9106	276	1	87	87	NUM
cblr-9106	276	2	see	see	VERB
cblr-9106	276	3	,	,	PUNCT
cblr-9106	276	4	e.g.	e.g.	ADV
cblr-9106	276	5	,	,	PUNCT
cblr-9106	276	6	celso	celso	PROPN
cblr-9106	276	7	brunetti	brunetti	X
cblr-9106	276	8	et	et	PROPN
cblr-9106	276	9	al	al	PROPN
cblr-9106	276	10	.	.	PROPN
cblr-9106	276	11	,	,	PUNCT
cblr-9106	276	12	climate	climate	NOUN
cblr-9106	276	13	change	change	NOUN
cblr-9106	276	14	and	and	CCONJ
cblr-9106	276	15	financial	financial	ADJ
cblr-9106	276	16	stability	stability	NOUN
cblr-9106	276	17	,	,	PUNCT
cblr-9106	276	18	bd	bd	PROPN
cblr-9106	276	19	.	.	PROPN
cblr-9106	276	20	of	of	ADP
cblr-9106	276	21	governors	governor	NOUN
cblr-9106	276	22	of	of	ADP
cblr-9106	276	23	the	the	DET
cblr-9106	276	24	fed	fed	PROPN
cblr-9106	276	25	.	.	PUNCT
cblr-9106	277	1	rsrv	rsrv	PROPN
cblr-9106	277	2	.	.	PUNCT
cblr-9106	278	1	sys	sys	PROPN
cblr-9106	278	2	.	.	PUNCT
cblr-9106	279	1	(	(	PUNCT
cblr-9106	279	2	mar	mar	PROPN
cblr-9106	279	3	.	.	PROPN
cblr-9106	279	4	19	19	NUM
cblr-9106	279	5	,	,	PUNCT
cblr-9106	279	6	2021	2021	NUM
cblr-9106	279	7	)	)	PUNCT
cblr-9106	280	1	,	,	PUNCT
cblr-9106	280	2	https://www.federalreserve.gov/econres/notes/feds-notes/climate-changeand-financial-stability-20210319.htm	https://www.federalreserve.gov/econres/notes/feds-notes/climate-changeand-financial-stability-20210319.htm	X
cblr-9106	281	1	[	[	X
cblr-9106	281	2	https://perma.cc/6d7c-hmmh	https://perma.cc/6d7c-hmmh	ADP
cblr-9106	281	3	]	]	PUNCT
cblr-9106	281	4	.	.	PUNCT
cblr-9106	282	1	88	88	NUM
cblr-9106	283	1	i	i	PRON
cblr-9106	283	2	d.	d.	PROPN
cblr-9106	283	3	89	89	NUM
cblr-9106	283	4	see	see	VERB
cblr-9106	283	5	open	open	ADJ
cblr-9106	283	6	letter	letter	NOUN
cblr-9106	283	7	from	from	ADP
cblr-9106	283	8	mark	mark	PROPN
cblr-9106	283	9	carney	carney	PROPN
cblr-9106	283	10	,	,	PUNCT
cblr-9106	283	11	governor	governor	NOUN
cblr-9106	283	12	,	,	PUNCT
cblr-9106	283	13	bank	bank	PROPN
cblr-9106	283	14	of	of	ADP
cblr-9106	283	15	eng	eng	PROPN
cblr-9106	283	16	.	.	PROPN
cblr-9106	283	17	,	,	PUNCT
cblr-9106	283	18	françois	françois	PROPN
cblr-9106	283	19	villeroy	villeroy	PROPN
cblr-9106	283	20	de	de	PROPN
cblr-9106	283	21	galhau	galhau	PROPN
cblr-9106	283	22	,	,	PUNCT
cblr-9106	283	23	governor	governor	NOUN
cblr-9106	283	24	,	,	PUNCT
cblr-9106	283	25	banque	banque	PROPN
cblr-9106	283	26	de	de	PROPN
cblr-9106	283	27	france	france	PROPN
cblr-9106	283	28	&	&	CCONJ
cblr-9106	283	29	frank	frank	PROPN
cblr-9106	283	30	elderson	elderson	PROPN
cblr-9106	283	31	,	,	PUNCT
cblr-9106	283	32	chair	chair	NOUN
cblr-9106	283	33	,	,	PUNCT
cblr-9106	283	34	network	network	NOUN
cblr-9106	283	35	for	for	ADP
cblr-9106	283	36	greening	green	VERB
cblr-9106	283	37	the	the	DET
cblr-9106	283	38	fin.serv	fin.serv	NOUN
cblr-9106	283	39	.	.	PUNCT
cblr-9106	284	1	(	(	PUNCT
cblr-9106	284	2	apr	apr	PROPN
cblr-9106	284	3	.	.	PROPN
cblr-9106	284	4	17	17	NUM
cblr-9106	284	5	,	,	PUNCT
cblr-9106	284	6	2019	2019	NUM
cblr-9106	284	7	)	)	PUNCT
cblr-9106	284	8	,	,	PUNCT
cblr-9106	284	9	https://www.bankofengland.co.uk/news/2019/april/open-letter-on-climaterelated-financial-risks	https://www.bankofengland.co.uk/news/2019/april/open-letter-on-climaterelated-financial-risk	VERB
cblr-9106	284	10	[	[	X
cblr-9106	284	11	https://perma.cc/j4p9-zuuw	https://perma.cc/j4p9-zuuw	NOUN
cblr-9106	284	12	]	]	PUNCT
cblr-9106	284	13	.	.	PUNCT
cblr-9106	285	1	1106	1106	NUM
cblr-9106	285	2	columbia	columbia	PROPN
cblr-9106	285	3	business	business	PROPN
cblr-9106	285	4	law	law	PROPN
cblr-9106	285	5	review	review	NOUN
cblr-9106	285	6	[	[	X
cblr-9106	285	7	vol	vol	NOUN
cblr-9106	285	8	.	.	PUNCT
cblr-9106	285	9	2021	2021	NUM
cblr-9106	285	10	induced	induce	VERB
cblr-9106	285	11	)	)	PUNCT
cblr-9106	285	12	shock,90	shock,90	VERB
cblr-9106	285	13	a	a	DET
cblr-9106	285	14	large	large	ADJ
cblr-9106	285	15	-	-	PUNCT
cblr-9106	285	16	scale	scale	NOUN
cblr-9106	285	17	asset	asset	NOUN
cblr-9106	285	18	revaluation	revaluation	NOUN
cblr-9106	285	19	might	might	AUX
cblr-9106	285	20	ensue	ensue	VERB
cblr-9106	285	21	,	,	PUNCT
cblr-9106	285	22	which	which	PRON
cblr-9106	285	23	in	in	ADP
cblr-9106	285	24	turn	turn	NOUN
cblr-9106	285	25	might	might	AUX
cblr-9106	285	26	disrupt	disrupt	VERB
cblr-9106	285	27	the	the	DET
cblr-9106	285	28	valuation	valuation	NOUN
cblr-9106	285	29	and	and	CCONJ
cblr-9106	285	30	operations	operation	NOUN
cblr-9106	285	31	of	of	ADP
cblr-9106	285	32	key	key	ADJ
cblr-9106	285	33	financial	financial	ADJ
cblr-9106	285	34	institutions	institution	NOUN
cblr-9106	285	35	,	,	PUNCT
cblr-9106	285	36	threatening	threaten	VERB
cblr-9106	285	37	financial	financial	ADJ
cblr-9106	285	38	stability.91	stability.91	NOUN
cblr-9106	285	39	“	"	PUNCT
cblr-9106	285	40	a	a	DET
cblr-9106	285	41	lack	lack	NOUN
cblr-9106	285	42	of	of	ADP
cblr-9106	285	43	transparency	transparency	NOUN
cblr-9106	285	44	across	across	ADP
cblr-9106	285	45	[	[	X
cblr-9106	285	46	market	market	NOUN
cblr-9106	285	47	]	]	X
cblr-9106	285	48	participants	participant	NOUN
cblr-9106	285	49	.	.	PUNCT
cblr-9106	285	50	.	.	PUNCT
cblr-9106	286	1	.	.	PUNCT
cblr-9106	287	1	could	could	AUX
cblr-9106	287	2	cause	cause	VERB
cblr-9106	287	3	climate	climate	NOUN
cblr-9106	287	4	-	-	PUNCT
cblr-9106	287	5	related	relate	VERB
cblr-9106	287	6	risks	risk	NOUN
cblr-9106	287	7	to	to	PART
cblr-9106	287	8	build	build	VERB
cblr-9106	287	9	up	up	ADP
cblr-9106	287	10	in	in	ADP
cblr-9106	287	11	hidden	hidden	ADJ
cblr-9106	287	12	pockets	pocket	NOUN
cblr-9106	287	13	,	,	PUNCT
cblr-9106	287	14	embedding	embed	VERB
cblr-9106	287	15	vulnerabilities	vulnerability	NOUN
cblr-9106	287	16	that	that	PRON
cblr-9106	287	17	could	could	AUX
cblr-9106	287	18	result	result	VERB
cblr-9106	287	19	in	in	ADP
cblr-9106	287	20	cascading	cascade	VERB
cblr-9106	287	21	losses	loss	NOUN
cblr-9106	287	22	in	in	ADP
cblr-9106	287	23	the	the	DET
cblr-9106	287	24	event	event	NOUN
cblr-9106	287	25	of	of	ADP
cblr-9106	287	26	large	large	ADJ
cblr-9106	287	27	-	-	PUNCT
cblr-9106	287	28	scale	scale	NOUN
cblr-9106	287	29	adverse	adverse	ADJ
cblr-9106	287	30	weather	weather	NOUN
cblr-9106	287	31	outcomes	outcome	NOUN
cblr-9106	287	32	or	or	CCONJ
cblr-9106	287	33	other	other	ADJ
cblr-9106	287	34	shocks	shock	NOUN
cblr-9106	287	35	to	to	ADP
cblr-9106	287	36	asset	asset	NOUN
cblr-9106	287	37	valuations	valuation	NOUN
cblr-9106	287	38	.	.	PUNCT
cblr-9106	288	1	”92	”92	ADJ
cblr-9106	288	2	greater	great	ADJ
cblr-9106	288	3	disclosure	disclosure	NOUN
cblr-9106	288	4	on	on	ADP
cblr-9106	288	5	climate	climate	NOUN
cblr-9106	288	6	risk	risk	NOUN
cblr-9106	288	7	could	could	AUX
cblr-9106	288	8	help	help	VERB
cblr-9106	288	9	smoothen	smoothen	ADV
cblr-9106	288	10	the	the	DET
cblr-9106	288	11	adjustment	adjustment	NOUN
cblr-9106	288	12	pathway	pathway	NOUN
cblr-9106	288	13	and	and	CCONJ
cblr-9106	288	14	avoid	avoid	VERB
cblr-9106	288	15	such	such	ADJ
cblr-9106	288	16	valuation	valuation	NOUN
cblr-9106	288	17	cliff	cliff	NOUN
cblr-9106	288	18	edges	edge	NOUN
cblr-9106	288	19	—	—	PUNCT
cblr-9106	288	20	or	or	CCONJ
cblr-9106	288	21	at	at	ADP
cblr-9106	288	22	the	the	DET
cblr-9106	288	23	very	very	ADV
cblr-9106	288	24	least	least	ADJ
cblr-9106	288	25	help	help	VERB
cblr-9106	288	26	markets	market	NOUN
cblr-9106	288	27	and	and	CCONJ
cblr-9106	288	28	supervisors	supervisor	NOUN
cblr-9106	288	29	prepare	prepare	VERB
cblr-9106	288	30	for	for	ADP
cblr-9106	288	31	a	a	DET
cblr-9106	288	32	range	range	NOUN
cblr-9106	288	33	of	of	ADP
cblr-9106	288	34	potential	potential	ADJ
cblr-9106	288	35	contingencies	contingency	NOUN
cblr-9106	288	36	.	.	PUNCT
cblr-9106	289	1	finally	finally	ADV
cblr-9106	289	2	,	,	PUNCT
cblr-9106	289	3	climate	climate	NOUN
cblr-9106	289	4	-	-	PUNCT
cblr-9106	289	5	related	relate	VERB
cblr-9106	289	6	disclosures	disclosure	NOUN
cblr-9106	289	7	can	can	AUX
cblr-9106	289	8	be	be	AUX
cblr-9106	289	9	a	a	DET
cblr-9106	289	10	catalyst	catalyst	NOUN
cblr-9106	289	11	of	of	ADP
cblr-9106	289	12	(	(	PUNCT
cblr-9106	289	13	or	or	CCONJ
cblr-9106	289	14	even	even	ADV
cblr-9106	289	15	a	a	DET
cblr-9106	289	16	prerequisite	prerequisite	NOUN
cblr-9106	289	17	for	for	ADP
cblr-9106	289	18	)	)	PUNCT
cblr-9106	289	19	the	the	DET
cblr-9106	289	20	much	much	ADV
cblr-9106	289	21	-	-	PUNCT
cblr-9106	289	22	needed	need	VERB
cblr-9106	289	23	learning	learning	NOUN
cblr-9106	289	24	dynamics	dynamic	NOUN
cblr-9106	289	25	on	on	ADP
cblr-9106	289	26	climate	climate	NOUN
cblr-9106	289	27	risk	risk	NOUN
cblr-9106	289	28	.	.	PUNCT
cblr-9106	290	1	by	by	ADP
cblr-9106	290	2	inducing	induce	VERB
cblr-9106	290	3	companies	company	NOUN
cblr-9106	290	4	to	to	PART
cblr-9106	290	5	gather	gather	VERB
cblr-9106	290	6	and	and	CCONJ
cblr-9106	290	7	share	share	VERB
cblr-9106	290	8	climate	climate	NOUN
cblr-9106	290	9	information	information	NOUN
cblr-9106	290	10	to	to	ADP
cblr-9106	290	11	the	the	DET
cblr-9106	290	12	market	market	NOUN
cblr-9106	290	13	,	,	PUNCT
cblr-9106	290	14	disclosures	disclosure	NOUN
cblr-9106	290	15	will	will	AUX
cblr-9106	290	16	raise	raise	VERB
cblr-9106	290	17	further	further	ADJ
cblr-9106	290	18	questions	question	NOUN
cblr-9106	290	19	with	with	ADP
cblr-9106	290	20	market	market	NOUN
cblr-9106	290	21	participants	participant	NOUN
cblr-9106	290	22	and	and	CCONJ
cblr-9106	290	23	policymakers	policymaker	NOUN
cblr-9106	290	24	and	and	CCONJ
cblr-9106	290	25	further	far	ADV
cblr-9106	290	26	increase	increase	VERB
cblr-9106	290	27	the	the	DET
cblr-9106	290	28	demand	demand	NOUN
cblr-9106	290	29	for	for	ADP
cblr-9106	290	30	climate	climate	NOUN
cblr-9106	290	31	disclosures.93	disclosures.93	NOUN
cblr-9106	290	32	*	*	PUNCT
cblr-9106	291	1	*	*	PUNCT
cblr-9106	291	2	*	*	PUNCT
cblr-9106	291	3	*	*	PUNCT
cblr-9106	291	4	to	to	PART
cblr-9106	291	5	recap	recap	NOUN
cblr-9106	291	6	,	,	PUNCT
cblr-9106	291	7	climate	climate	NOUN
cblr-9106	291	8	risks	risk	NOUN
cblr-9106	291	9	are	be	AUX
cblr-9106	291	10	understood	understand	VERB
cblr-9106	291	11	to	to	PART
cblr-9106	291	12	be	be	AUX
cblr-9106	291	13	material	material	ADJ
cblr-9106	291	14	,	,	PUNCT
cblr-9106	291	15	even	even	ADV
cblr-9106	291	16	if	if	SCONJ
cblr-9106	291	17	scientific	scientific	ADJ
cblr-9106	291	18	and	and	CCONJ
cblr-9106	291	19	policy	policy	NOUN
cblr-9106	291	20	uncertainties	uncertainty	NOUN
cblr-9106	291	21	remain	remain	VERB
cblr-9106	291	22	around	around	ADP
cblr-9106	291	23	their	their	PRON
cblr-9106	291	24	exact	exact	ADJ
cblr-9106	291	25	manifestation	manifestation	NOUN
cblr-9106	291	26	.	.	PUNCT
cblr-9106	292	1	these	these	DET
cblr-9106	292	2	uncertainties	uncertainty	NOUN
cblr-9106	292	3	are	be	AUX
cblr-9106	292	4	themselves	themselves	PRON
cblr-9106	292	5	aggravated	aggravate	VERB
cblr-9106	292	6	by	by	ADP
cblr-9106	292	7	insufficient	insufficient	ADJ
cblr-9106	292	8	data	datum	NOUN
cblr-9106	292	9	availability	availability	NOUN
cblr-9106	292	10	.	.	PUNCT
cblr-9106	293	1	understanding	understand	VERB
cblr-9106	293	2	climate	climate	NOUN
cblr-9106	293	3	risks	risk	NOUN
cblr-9106	293	4	is	be	AUX
cblr-9106	293	5	important	important	ADJ
cblr-9106	293	6	for	for	ADP
cblr-9106	293	7	investors	investor	NOUN
cblr-9106	293	8	and	and	CCONJ
cblr-9106	293	9	other	other	ADJ
cblr-9106	293	10	corporate	corporate	ADJ
cblr-9106	293	11	stakeholders	stakeholder	NOUN
cblr-9106	293	12	.	.	PUNCT
cblr-9106	294	1	without	without	ADP
cblr-9106	294	2	appropriate	appropriate	ADJ
cblr-9106	294	3	levels	level	NOUN
cblr-9106	294	4	of	of	ADP
cblr-9106	294	5	corporate	corporate	ADJ
cblr-9106	294	6	climate	climate	NOUN
cblr-9106	294	7	risk	risk	NOUN
cblr-9106	294	8	information	information	NOUN
cblr-9106	294	9	,	,	PUNCT
cblr-9106	294	10	the	the	DET
cblr-9106	294	11	pricing	pricing	NOUN
cblr-9106	294	12	mechanism	mechanism	NOUN
cblr-9106	294	13	does	do	AUX
cblr-9106	294	14	not	not	PART
cblr-9106	294	15	function	function	VERB
cblr-9106	294	16	adequately	adequately	ADV
cblr-9106	294	17	and	and	CCONJ
cblr-9106	294	18	capital	capital	NOUN
cblr-9106	294	19	is	be	AUX
cblr-9106	294	20	misallocated	misallocate	VERB
cblr-9106	294	21	.	.	PUNCT
cblr-9106	295	1	the	the	DET
cblr-9106	295	2	salient	salient	NOUN
cblr-9106	295	3	question	question	NOUN
cblr-9106	295	4	thus	thus	ADV
cblr-9106	295	5	becomes	become	VERB
cblr-9106	295	6	:	:	PUNCT
cblr-9106	295	7	how	how	SCONJ
cblr-9106	295	8	can	can	AUX
cblr-9106	295	9	we	we	PRON
cblr-9106	295	10	make	make	VERB
cblr-9106	295	11	sure	sure	ADJ
cblr-9106	295	12	that	that	SCONJ
cblr-9106	295	13	sufficient	sufficient	ADJ
cblr-9106	295	14	90	90	NUM
cblr-9106	295	15	see	see	VERB
cblr-9106	295	16	lael	lael	PROPN
cblr-9106	295	17	brainard	brainard	PROPN
cblr-9106	295	18	,	,	PUNCT
cblr-9106	295	19	member	member	PROPN
cblr-9106	295	20	,	,	PUNCT
cblr-9106	295	21	bd	bd	PROPN
cblr-9106	295	22	.	.	PROPN
cblr-9106	295	23	of	of	ADP
cblr-9106	295	24	governors	governor	NOUN
cblr-9106	295	25	of	of	ADP
cblr-9106	295	26	the	the	DET
cblr-9106	295	27	fed	fed	PROPN
cblr-9106	295	28	.	.	PUNCT
cblr-9106	296	1	rsrv	rsrv	PROPN
cblr-9106	296	2	.	.	PUNCT
cblr-9106	297	1	sys	sys	PROPN
cblr-9106	297	2	.	.	PROPN
cblr-9106	297	3	,	,	PUNCT
cblr-9106	297	4	remarks	remark	VERB
cblr-9106	297	5	at	at	ADP
cblr-9106	297	6	transform	transform	NOUN
cblr-9106	297	7	tomorrow	tomorrow	NOUN
cblr-9106	297	8	today	today	NOUN
cblr-9106	297	9	conference	conference	NOUN
cblr-9106	297	10	:	:	PUNCT
cblr-9106	297	11	financial	financial	ADJ
cblr-9106	297	12	stability	stability	NOUN
cblr-9106	297	13	implications	implication	NOUN
cblr-9106	297	14	of	of	ADP
cblr-9106	297	15	climate	climate	NOUN
cblr-9106	297	16	change	change	NOUN
cblr-9106	297	17	1	1	NUM
cblr-9106	297	18	(	(	PUNCT
cblr-9106	297	19	mar	mar	PROPN
cblr-9106	297	20	.	.	PROPN
cblr-9106	297	21	23	23	NUM
cblr-9106	297	22	,	,	PUNCT
cblr-9106	297	23	2021	2021	NUM
cblr-9106	297	24	)	)	PUNCT
cblr-9106	297	25	,	,	PUNCT
cblr-9106	297	26	https://www.federalreserve.gov/newsevents/speech/files/brainard20210323	https://www.federalreserve.gov/newsevents/speech/files/brainard20210323	PROPN
cblr-9106	297	27	a.pdf	a.pdf	PROPN
cblr-9106	298	1	[	[	X
cblr-9106	298	2	https://perma.cc/j4p9-zuuw	https://perma.cc/j4p9-zuuw	NOUN
cblr-9106	298	3	]	]	PUNCT
cblr-9106	298	4	.	.	PUNCT
cblr-9106	299	1	91	91	NUM
cblr-9106	299	2	see	see	VERB
cblr-9106	299	3	,	,	PUNCT
cblr-9106	299	4	e.g.	e.g.	ADV
cblr-9106	299	5	,	,	PUNCT
cblr-9106	299	6	mark	mark	PROPN
cblr-9106	299	7	carney	carney	PROPN
cblr-9106	299	8	,	,	PUNCT
cblr-9106	299	9	fifty	fifty	NUM
cblr-9106	299	10	shades	shade	NOUN
cblr-9106	299	11	of	of	ADP
cblr-9106	299	12	green	green	ADJ
cblr-9106	299	13	,	,	PUNCT
cblr-9106	299	14	fin	fin	NOUN
cblr-9106	299	15	.	.	PROPN
cblr-9106	299	16	&	&	CCONJ
cblr-9106	299	17	dev	dev	PROPN
cblr-9106	299	18	.	.	PROPN
cblr-9106	299	19	,	,	PUNCT
cblr-9106	299	20	dec	dec	PROPN
cblr-9106	299	21	.	.	PROPN
cblr-9106	299	22	2019	2019	NUM
cblr-9106	299	23	,	,	PUNCT
cblr-9106	299	24	at	at	ADP
cblr-9106	299	25	13	13	NUM
cblr-9106	299	26	.	.	PUNCT
cblr-9106	300	1	for	for	ADP
cblr-9106	300	2	several	several	ADJ
cblr-9106	300	3	financial	financial	ADJ
cblr-9106	300	4	stability	stability	NOUN
cblr-9106	300	5	implications	implication	NOUN
cblr-9106	300	6	of	of	ADP
cblr-9106	300	7	climate	climate	NOUN
cblr-9106	300	8	change	change	NOUN
cblr-9106	300	9	,	,	PUNCT
cblr-9106	300	10	see	see	VERB
cblr-9106	300	11	brainard	brainard	PROPN
cblr-9106	300	12	,	,	PUNCT
cblr-9106	300	13	supra	supra	PROPN
cblr-9106	300	14	note	note	PROPN
cblr-9106	300	15	90	90	NUM
cblr-9106	300	16	,	,	PUNCT
cblr-9106	300	17	at	at	ADP
cblr-9106	300	18	1	1	NUM
cblr-9106	300	19	,	,	PUNCT
cblr-9106	300	20	5	5	NUM
cblr-9106	300	21	.	.	NOUN
cblr-9106	300	22	92	92	NUM
cblr-9106	300	23	brainard	brainard	PROPN
cblr-9106	300	24	,	,	PUNCT
cblr-9106	300	25	supra	supra	PROPN
cblr-9106	300	26	note	note	PROPN
cblr-9106	300	27	90	90	NUM
cblr-9106	300	28	,	,	PUNCT
cblr-9106	300	29	at	at	ADP
cblr-9106	300	30	6	6	NUM
cblr-9106	300	31	.	.	PUNCT
cblr-9106	300	32	93	93	NUM
cblr-9106	300	33	farmer	farmer	NOUN
cblr-9106	300	34	et	et	PROPN
cblr-9106	300	35	al	al	PROPN
cblr-9106	300	36	.	.	PROPN
cblr-9106	300	37	,	,	PUNCT
cblr-9106	300	38	supra	supra	PROPN
cblr-9106	300	39	note	note	PROPN
cblr-9106	300	40	52	52	NUM
cblr-9106	300	41	,	,	PUNCT
cblr-9106	300	42	at	at	ADP
cblr-9106	300	43	132	132	NUM
cblr-9106	300	44	-	-	SYM
cblr-9106	300	45	133	133	NUM
cblr-9106	300	46	(	(	PUNCT
cblr-9106	300	47	listing	list	VERB
cblr-9106	300	48	climate	climate	NOUN
cblr-9106	300	49	disclosures	disclosure	NOUN
cblr-9106	300	50	as	as	ADP
cblr-9106	300	51	a	a	DET
cblr-9106	300	52	potential	potential	ADJ
cblr-9106	300	53	“	"	PUNCT
cblr-9106	300	54	sensitive	sensitive	ADJ
cblr-9106	300	55	intervention	intervention	NOUN
cblr-9106	300	56	point	point	NOUN
cblr-9106	300	57	[	[	X
cblr-9106	300	58	]	]	X
cblr-9106	300	59	”	"	PUNCT
cblr-9106	300	60	)	)	PUNCT
cblr-9106	300	61	.	.	PUNCT
cblr-9106	301	1	no	no	INTJ
cblr-9106	301	2	.	.	NOUN
cblr-9106	302	1	3:1085	3:1085	NUM
cblr-9106	302	2	]	]	X
cblr-9106	302	3	mandatory	mandatory	ADJ
cblr-9106	302	4	corporate	corporate	ADJ
cblr-9106	302	5	climate	climate	NOUN
cblr-9106	302	6	disclosures	disclosure	NOUN
cblr-9106	302	7	1107	1107	NUM
cblr-9106	302	8	information	information	NOUN
cblr-9106	302	9	on	on	ADP
cblr-9106	302	10	corporate	corporate	ADJ
cblr-9106	302	11	climate	climate	NOUN
cblr-9106	302	12	risks	risk	NOUN
cblr-9106	302	13	is	be	AUX
cblr-9106	302	14	available	available	ADJ
cblr-9106	302	15	for	for	ADP
cblr-9106	302	16	these	these	DET
cblr-9106	302	17	goals	goal	NOUN
cblr-9106	302	18	?	?	PUNCT
cblr-9106	303	1	iii	iii	X
cblr-9106	303	2	.	.	PUNCT
cblr-9106	304	1	the	the	DET
cblr-9106	304	2	case	case	NOUN
cblr-9106	304	3	for	for	ADP
cblr-9106	304	4	mandatory	mandatory	ADJ
cblr-9106	304	5	corporate	corporate	ADJ
cblr-9106	304	6	climate	climate	NOUN
cblr-9106	304	7	disclosures	disclosure	NOUN
cblr-9106	304	8	because	because	SCONJ
cblr-9106	304	9	of	of	ADP
cblr-9106	304	10	its	its	PRON
cblr-9106	304	11	unique	unique	ADJ
cblr-9106	304	12	characteristics	characteristic	NOUN
cblr-9106	304	13	,	,	PUNCT
cblr-9106	304	14	climate	climate	NOUN
cblr-9106	304	15	risk	risk	NOUN
cblr-9106	304	16	analysis	analysis	NOUN
cblr-9106	304	17	requires	require	VERB
cblr-9106	304	18	data	datum	NOUN
cblr-9106	304	19	that	that	PRON
cblr-9106	304	20	is	be	AUX
cblr-9106	304	21	unusual	unusual	ADJ
cblr-9106	304	22	in	in	ADP
cblr-9106	304	23	financial	financial	ADJ
cblr-9106	304	24	analysis.94	analysis.94	NOUN
cblr-9106	304	25	some	some	PRON
cblr-9106	304	26	of	of	ADP
cblr-9106	304	27	this	this	DET
cblr-9106	304	28	data	data	NOUN
cblr-9106	304	29	is	be	AUX
cblr-9106	304	30	publicly	publicly	ADV
cblr-9106	304	31	available	available	ADJ
cblr-9106	304	32	from	from	ADP
cblr-9106	304	33	newspapers	newspaper	NOUN
cblr-9106	304	34	,	,	PUNCT
cblr-9106	304	35	social	social	ADJ
cblr-9106	304	36	media	medium	NOUN
cblr-9106	304	37	,	,	PUNCT
cblr-9106	304	38	or	or	CCONJ
cblr-9106	304	39	scientific	scientific	ADJ
cblr-9106	304	40	analysis	analysis	NOUN
cblr-9106	304	41	.	.	PUNCT
cblr-9106	305	1	other	other	ADJ
cblr-9106	305	2	relevant	relevant	ADJ
cblr-9106	305	3	data	datum	NOUN
cblr-9106	305	4	,	,	PUNCT
cblr-9106	305	5	while	while	SCONJ
cblr-9106	305	6	not	not	PART
cblr-9106	305	7	readily	readily	ADV
cblr-9106	305	8	available	available	ADJ
cblr-9106	305	9	to	to	ADP
cblr-9106	305	10	investors	investor	NOUN
cblr-9106	305	11	,	,	PUNCT
cblr-9106	305	12	can	can	AUX
cblr-9106	305	13	be	be	AUX
cblr-9106	305	14	obtained	obtain	VERB
cblr-9106	305	15	without	without	ADP
cblr-9106	305	16	assistance	assistance	NOUN
cblr-9106	305	17	from	from	ADP
cblr-9106	305	18	companies	company	NOUN
cblr-9106	305	19	.	.	PUNCT
cblr-9106	306	1	one	one	NUM
cblr-9106	306	2	example	example	NOUN
cblr-9106	306	3	is	be	AUX
cblr-9106	306	4	geospatial	geospatial	ADJ
cblr-9106	306	5	satellite	satellite	PROPN
cblr-9106	306	6	data	data	PROPN
cblr-9106	306	7	,	,	PUNCT
cblr-9106	306	8	which	which	PRON
cblr-9106	306	9	can	can	AUX
cblr-9106	306	10	be	be	AUX
cblr-9106	306	11	used	use	VERB
cblr-9106	306	12	to	to	PART
cblr-9106	306	13	spot	spot	VERB
cblr-9106	306	14	the	the	DET
cblr-9106	306	15	location	location	NOUN
cblr-9106	306	16	of	of	ADP
cblr-9106	306	17	assets	asset	NOUN
cblr-9106	306	18	,	,	PUNCT
cblr-9106	306	19	which	which	PRON
cblr-9106	306	20	in	in	ADP
cblr-9106	306	21	turn	turn	NOUN
cblr-9106	306	22	enables	enable	VERB
cblr-9106	306	23	localized	localized	ADJ
cblr-9106	306	24	climate	climate	NOUN
cblr-9106	306	25	risk	risk	NOUN
cblr-9106	306	26	analysis.95	analysis.95	NOUN
cblr-9106	306	27	such	such	ADJ
cblr-9106	306	28	analysis	analysis	NOUN
cblr-9106	306	29	is	be	AUX
cblr-9106	306	30	useful	useful	ADJ
cblr-9106	306	31	to	to	PART
cblr-9106	306	32	evaluate	evaluate	VERB
cblr-9106	306	33	both	both	DET
cblr-9106	306	34	physical	physical	ADJ
cblr-9106	306	35	climate	climate	NOUN
cblr-9106	306	36	risks	risk	NOUN
cblr-9106	306	37	like	like	ADP
cblr-9106	306	38	flooding	flooding	NOUN
cblr-9106	306	39	(	(	PUNCT
cblr-9106	306	40	is	be	AUX
cblr-9106	306	41	this	this	DET
cblr-9106	306	42	factory	factory	NOUN
cblr-9106	306	43	located	locate	VERB
cblr-9106	306	44	in	in	ADP
cblr-9106	306	45	a	a	DET
cblr-9106	306	46	prospective	prospective	ADJ
cblr-9106	306	47	flood	flood	NOUN
cblr-9106	306	48	zone	zone	NOUN
cblr-9106	306	49	?	?	PUNCT
cblr-9106	306	50	)	)	PUNCT
cblr-9106	306	51	,	,	PUNCT
cblr-9106	306	52	bushfires	bushfire	NOUN
cblr-9106	306	53	(	(	PUNCT
cblr-9106	306	54	could	could	AUX
cblr-9106	306	55	the	the	DET
cblr-9106	306	56	supply	supply	NOUN
cblr-9106	306	57	to	to	ADP
cblr-9106	306	58	and	and	CCONJ
cblr-9106	306	59	from	from	ADP
cblr-9106	306	60	this	this	DET
cblr-9106	306	61	factory	factory	NOUN
cblr-9106	306	62	be	be	AUX
cblr-9106	306	63	inhibited	inhibit	VERB
cblr-9106	306	64	in	in	ADP
cblr-9106	306	65	the	the	DET
cblr-9106	306	66	dry	dry	ADJ
cblr-9106	306	67	season	season	NOUN
cblr-9106	306	68	?	?	PUNCT
cblr-9106	306	69	)	)	PUNCT
cblr-9106	306	70	,	,	PUNCT
cblr-9106	306	71	or	or	CCONJ
cblr-9106	306	72	water	water	NOUN
cblr-9106	306	73	temperatures	temperature	NOUN
cblr-9106	306	74	(	(	PUNCT
cblr-9106	306	75	does	do	AUX
cblr-9106	306	76	this	this	DET
cblr-9106	306	77	power	power	NOUN
cblr-9106	306	78	plant	plant	NOUN
cblr-9106	306	79	have	have	AUX
cblr-9106	306	80	access	access	NOUN
cblr-9106	306	81	to	to	ADP
cblr-9106	306	82	enough	enough	ADJ
cblr-9106	306	83	water	water	NOUN
cblr-9106	306	84	of	of	ADP
cblr-9106	306	85	a	a	DET
cblr-9106	306	86	sufficiently	sufficiently	ADV
cblr-9106	306	87	cool	cool	ADJ
cblr-9106	306	88	temperature	temperature	NOUN
cblr-9106	306	89	to	to	PART
cblr-9106	306	90	be	be	AUX
cblr-9106	306	91	able	able	ADJ
cblr-9106	306	92	to	to	PART
cblr-9106	306	93	cool	cool	VERB
cblr-9106	306	94	its	its	PRON
cblr-9106	306	95	equipment	equipment	NOUN
cblr-9106	306	96	?	?	PUNCT
cblr-9106	306	97	)	)	PUNCT
cblr-9106	306	98	,	,	PUNCT
cblr-9106	306	99	and	and	CCONJ
cblr-9106	306	100	transition	transition	NOUN
cblr-9106	306	101	risks	risk	NOUN
cblr-9106	306	102	(	(	PUNCT
cblr-9106	306	103	firms	firm	NOUN
cblr-9106	306	104	lacking	lack	VERB
cblr-9106	306	105	emissions	emission	NOUN
cblr-9106	306	106	abatement	abatement	NOUN
cblr-9106	306	107	that	that	PRON
cblr-9106	306	108	are	be	AUX
cblr-9106	306	109	located	locate	VERB
cblr-9106	306	110	in	in	ADP
cblr-9106	306	111	regions	region	NOUN
cblr-9106	306	112	with	with	ADP
cblr-9106	306	113	high	high	ADJ
cblr-9106	306	114	population	population	NOUN
cblr-9106	306	115	density	density	NOUN
cblr-9106	306	116	and	and	CCONJ
cblr-9106	306	117	serious	serious	ADJ
cblr-9106	306	118	air	air	NOUN
cblr-9106	306	119	pollution	pollution	NOUN
cblr-9106	306	120	face	face	VERB
cblr-9106	306	121	a	a	DET
cblr-9106	306	122	higher	high	ADJ
cblr-9106	306	123	risk	risk	NOUN
cblr-9106	306	124	of	of	ADP
cblr-9106	306	125	being	be	AUX
cblr-9106	306	126	regulated	regulate	VERB
cblr-9106	306	127	,	,	PUNCT
cblr-9106	306	128	required	require	VERB
cblr-9106	306	129	to	to	PART
cblr-9106	306	130	install	install	VERB
cblr-9106	306	131	abatement	abatement	NOUN
cblr-9106	306	132	technologies	technology	NOUN
cblr-9106	306	133	,	,	PUNCT
cblr-9106	306	134	or	or	CCONJ
cblr-9106	306	135	forced	force	VERB
cblr-9106	306	136	to	to	PART
cblr-9106	306	137	cease	cease	VERB
cblr-9106	306	138	operations).96	operations).96	NOUN
cblr-9106	306	139	most	most	ADJ
cblr-9106	306	140	information	information	NOUN
cblr-9106	306	141	necessary	necessary	ADJ
cblr-9106	306	142	to	to	PART
cblr-9106	306	143	evaluate	evaluate	VERB
cblr-9106	306	144	corporate	corporate	ADJ
cblr-9106	306	145	climate	climate	NOUN
cblr-9106	306	146	risks	risk	NOUN
cblr-9106	306	147	,	,	PUNCT
cblr-9106	306	148	however	however	ADV
cblr-9106	306	149	,	,	PUNCT
cblr-9106	306	150	can	can	AUX
cblr-9106	306	151	only	only	ADV
cblr-9106	306	152	be	be	AUX
cblr-9106	306	153	made	make	VERB
cblr-9106	306	154	available	available	ADJ
cblr-9106	306	155	by	by	ADP
cblr-9106	306	156	the	the	DET
cblr-9106	306	157	company	company	NOUN
cblr-9106	306	158	itself	itself	PRON
cblr-9106	306	159	.	.	PUNCT
cblr-9106	307	1	think	think	VERB
cblr-9106	307	2	,	,	PUNCT
cblr-9106	307	3	for	for	ADP
cblr-9106	307	4	example	example	NOUN
cblr-9106	307	5	,	,	PUNCT
cblr-9106	307	6	about	about	ADP
cblr-9106	307	7	the	the	DET
cblr-9106	307	8	pricing	pricing	NOUN
cblr-9106	307	9	assumptions	assumption	NOUN
cblr-9106	307	10	that	that	PRON
cblr-9106	307	11	underpin	underpin	VERB
cblr-9106	307	12	a	a	DET
cblr-9106	307	13	company	company	NOUN
cblr-9106	307	14	’s	’s	PART
cblr-9106	307	15	strategies97	strategies97	NOUN
cblr-9106	307	16	or	or	CCONJ
cblr-9106	307	17	its	its	PRON
cblr-9106	307	18	emissions	emission	NOUN
cblr-9106	307	19	levels	level	NOUN
cblr-9106	307	20	.	.	PUNCT
cblr-9106	308	1	in	in	ADP
cblr-9106	308	2	94	94	NUM
cblr-9106	308	3	condon	condon	NOUN
cblr-9106	308	4	,	,	PUNCT
cblr-9106	308	5	supra	supra	PROPN
cblr-9106	308	6	note	note	PROPN
cblr-9106	308	7	25	25	NUM
cblr-9106	308	8	,	,	PUNCT
cblr-9106	308	9	at	at	ADP
cblr-9106	308	10	4–5	4–5	PROPN
cblr-9106	308	11	.	.	PROPN
cblr-9106	308	12	95	95	NUM
cblr-9106	308	13	see	see	VERB
cblr-9106	308	14	sustainable	sustainable	ADJ
cblr-9106	308	15	fin	fin	NOUN
cblr-9106	308	16	.	.	PUNCT
cblr-9106	309	1	programme	programme	NOUN
cblr-9106	309	2	,	,	PUNCT
cblr-9106	309	3	climate	climate	NOUN
cblr-9106	309	4	risk	risk	NOUN
cblr-9106	309	5	analysis	analysis	NOUN
cblr-9106	309	6	from	from	ADP
cblr-9106	309	7	space	space	NOUN
cblr-9106	309	8	:	:	PUNCT
cblr-9106	309	9	remote	remote	ADJ
cblr-9106	309	10	sensing	sensing	NOUN
cblr-9106	309	11	,	,	PUNCT
cblr-9106	309	12	machine	machine	NOUN
cblr-9106	309	13	learning	learning	NOUN
cblr-9106	309	14	,	,	PUNCT
cblr-9106	309	15	and	and	CCONJ
cblr-9106	309	16	the	the	DET
cblr-9106	309	17	future	future	NOUN
cblr-9106	309	18	of	of	ADP
cblr-9106	309	19	measuring	measure	VERB
cblr-9106	309	20	climate	climate	NOUN
cblr-9106	309	21	-	-	PUNCT
cblr-9106	309	22	related	relate	VERB
cblr-9106	309	23	risk	risk	NOUN
cblr-9106	309	24	21	21	NUM
cblr-9106	309	25	(	(	PUNCT
cblr-9106	309	26	2018	2018	NUM
cblr-9106	309	27	)	)	PUNCT
cblr-9106	309	28	https://www.smithschool.ox.ac.uk/research/sustainablefinance/publications/remote-sensing-data-and-machine-learning-inclimate-risk-analysis.pdf	https://www.smithschool.ox.ac.uk/research/sustainablefinance/publications/remote-sensing-data-and-machine-learning-inclimate-risk-analysis.pdf	NOUN
cblr-9106	310	1	[	[	X
cblr-9106	310	2	https://perma.cc/8auy-xn6	https://perma.cc/8auy-xn6	X
cblr-9106	310	3	g	g	X
cblr-9106	310	4	]	]	X
cblr-9106	310	5	.	.	PUNCT
cblr-9106	311	1	96	96	NUM
cblr-9106	312	1	i	i	PRON
cblr-9106	312	2	d.	d.	PROPN
cblr-9106	312	3	at	at	ADP
cblr-9106	312	4	10	10	NUM
cblr-9106	312	5	.	.	PUNCT
cblr-9106	312	6	97	97	NUM
cblr-9106	312	7	to	to	PART
cblr-9106	312	8	illustrate	illustrate	VERB
cblr-9106	312	9	this	this	DET
cblr-9106	312	10	point	point	NOUN
cblr-9106	312	11	,	,	PUNCT
cblr-9106	312	12	a	a	DET
cblr-9106	312	13	report	report	NOUN
cblr-9106	312	14	from	from	ADP
cblr-9106	312	15	sarasin	sarasin	PROPN
cblr-9106	312	16	&	&	CCONJ
cblr-9106	312	17	partners	partner	NOUN
cblr-9106	312	18	suggested	suggest	VERB
cblr-9106	312	19	that	that	SCONJ
cblr-9106	312	20	european	european	ADJ
cblr-9106	312	21	oil	oil	NOUN
cblr-9106	312	22	and	and	CCONJ
cblr-9106	312	23	gas	gas	NOUN
cblr-9106	312	24	companies	company	NOUN
cblr-9106	312	25	might	might	AUX
cblr-9106	312	26	systemically	systemically	ADV
cblr-9106	312	27	overstate	overstate	VERB
cblr-9106	312	28	the	the	DET
cblr-9106	312	29	capital	capital	NOUN
cblr-9106	312	30	and	and	CCONJ
cblr-9106	312	31	profits	profit	NOUN
cblr-9106	312	32	because	because	SCONJ
cblr-9106	312	33	they	they	PRON
cblr-9106	312	34	assume	assume	VERB
cblr-9106	312	35	overly	overly	ADV
cblr-9106	312	36	optimistic	optimistic	ADJ
cblr-9106	312	37	long	long	ADJ
cblr-9106	312	38	-	-	PUNCT
cblr-9106	312	39	term	term	NOUN
cblr-9106	312	40	oil	oil	NOUN
cblr-9106	312	41	price	price	NOUN
cblr-9106	312	42	developments	development	NOUN
cblr-9106	312	43	that	that	PRON
cblr-9106	312	44	are	be	AUX
cblr-9106	312	45	not	not	PART
cblr-9106	312	46	aligned	align	VERB
cblr-9106	312	47	with	with	ADP
cblr-9106	312	48	international	international	ADJ
cblr-9106	312	49	commitments	commitment	NOUN
cblr-9106	312	50	to	to	PART
cblr-9106	312	51	phase	phase	VERB
cblr-9106	312	52	1108	1108	NUM
cblr-9106	313	1	columbia	columbia	PROPN
cblr-9106	313	2	business	business	PROPN
cblr-9106	313	3	law	law	PROPN
cblr-9106	313	4	review	review	NOUN
cblr-9106	313	5	[	[	X
cblr-9106	313	6	vol	vol	NOUN
cblr-9106	313	7	.	.	PUNCT
cblr-9106	313	8	2021	2021	NUM
cblr-9106	313	9	this	this	DET
cblr-9106	313	10	part	part	NOUN
cblr-9106	313	11	,	,	PUNCT
cblr-9106	313	12	we	we	PRON
cblr-9106	313	13	first	first	ADV
cblr-9106	313	14	briefly	briefly	ADV
cblr-9106	313	15	describe	describe	VERB
cblr-9106	313	16	the	the	DET
cblr-9106	313	17	current	current	ADJ
cblr-9106	313	18	regulatory	regulatory	ADJ
cblr-9106	313	19	framework	framework	NOUN
cblr-9106	313	20	on	on	ADP
cblr-9106	313	21	corporate	corporate	ADJ
cblr-9106	313	22	climate	climate	NOUN
cblr-9106	313	23	disclosures	disclosure	NOUN
cblr-9106	313	24	in	in	ADP
cblr-9106	313	25	the	the	DET
cblr-9106	313	26	united	united	PROPN
cblr-9106	313	27	states	states	PROPN
cblr-9106	313	28	and	and	CCONJ
cblr-9106	313	29	europe	europe	PROPN
cblr-9106	313	30	,	,	PUNCT
cblr-9106	313	31	as	as	ADV
cblr-9106	313	32	well	well	ADV
cblr-9106	313	33	as	as	ADP
cblr-9106	313	34	the	the	DET
cblr-9106	313	35	most	most	ADV
cblr-9106	313	36	important	important	ADJ
cblr-9106	313	37	voluntary	voluntary	ADJ
cblr-9106	313	38	reporting	reporting	NOUN
cblr-9106	313	39	frameworks	framework	NOUN
cblr-9106	313	40	—	—	PUNCT
cblr-9106	313	41	particularly	particularly	ADV
cblr-9106	313	42	the	the	DET
cblr-9106	313	43	one	one	NOUN
cblr-9106	313	44	devised	devise	VERB
cblr-9106	313	45	by	by	ADP
cblr-9106	313	46	the	the	DET
cblr-9106	313	47	task	task	NOUN
cblr-9106	313	48	force	force	NOUN
cblr-9106	313	49	on	on	ADP
cblr-9106	313	50	climate	climate	NOUN
cblr-9106	313	51	-	-	PUNCT
cblr-9106	313	52	related	relate	VERB
cblr-9106	313	53	financial	financial	ADJ
cblr-9106	313	54	disclosures	disclosure	NOUN
cblr-9106	313	55	(	(	PUNCT
cblr-9106	313	56	tcfd	tcfd	NOUN
cblr-9106	313	57	)	)	PUNCT
cblr-9106	313	58	.	.	PUNCT
cblr-9106	314	1	we	we	PRON
cblr-9106	314	2	show	show	VERB
cblr-9106	314	3	that	that	SCONJ
cblr-9106	314	4	these	these	DET
cblr-9106	314	5	regulatory	regulatory	ADJ
cblr-9106	314	6	and	and	CCONJ
cblr-9106	314	7	voluntary	voluntary	ADJ
cblr-9106	314	8	frameworks	framework	NOUN
cblr-9106	314	9	fall	fall	VERB
cblr-9106	314	10	short	short	ADJ
cblr-9106	314	11	,	,	PUNCT
cblr-9106	314	12	with	with	ADP
cblr-9106	314	13	the	the	DET
cblr-9106	314	14	implication	implication	NOUN
cblr-9106	314	15	that	that	SCONJ
cblr-9106	314	16	the	the	DET
cblr-9106	314	17	information	information	NOUN
cblr-9106	314	18	environment	environment	NOUN
cblr-9106	314	19	around	around	ADP
cblr-9106	314	20	corporate	corporate	ADJ
cblr-9106	314	21	climate	climate	NOUN
cblr-9106	314	22	risks	risk	NOUN
cblr-9106	314	23	is	be	AUX
cblr-9106	314	24	incomplete	incomplete	ADJ
cblr-9106	314	25	.	.	PUNCT
cblr-9106	315	1	this	this	PRON
cblr-9106	315	2	leads	lead	VERB
cblr-9106	315	3	us	we	PRON
cblr-9106	315	4	to	to	PART
cblr-9106	315	5	make	make	VERB
cblr-9106	315	6	the	the	DET
cblr-9106	315	7	case	case	NOUN
cblr-9106	315	8	for	for	ADP
cblr-9106	315	9	(	(	PUNCT
cblr-9106	315	10	broader	broad	ADJ
cblr-9106	315	11	)	)	PUNCT
cblr-9106	315	12	mandatory	mandatory	ADJ
cblr-9106	315	13	climate	climate	NOUN
cblr-9106	315	14	-	-	PUNCT
cblr-9106	315	15	related	relate	VERB
cblr-9106	315	16	disclosures	disclosure	NOUN
cblr-9106	315	17	—	—	PUNCT
cblr-9106	315	18	a	a	DET
cblr-9106	315	19	case	case	NOUN
cblr-9106	315	20	that	that	PRON
cblr-9106	315	21	is	be	AUX
cblr-9106	315	22	grounded	ground	VERB
cblr-9106	315	23	both	both	CCONJ
cblr-9106	315	24	in	in	ADP
cblr-9106	315	25	arguments	argument	NOUN
cblr-9106	315	26	that	that	PRON
cblr-9106	315	27	are	be	AUX
cblr-9106	315	28	typically	typically	ADV
cblr-9106	315	29	associated	associate	VERB
cblr-9106	315	30	with	with	ADP
cblr-9106	315	31	disclosure	disclosure	NOUN
cblr-9106	315	32	mandates	mandate	NOUN
cblr-9106	315	33	for	for	ADP
cblr-9106	315	34	issuers	issuer	NOUN
cblr-9106	315	35	of	of	ADP
cblr-9106	315	36	securities	security	NOUN
cblr-9106	315	37	and	and	CCONJ
cblr-9106	315	38	in	in	ADP
cblr-9106	315	39	broader	broad	ADJ
cblr-9106	315	40	social	social	ADJ
cblr-9106	315	41	welfare	welfare	NOUN
cblr-9106	315	42	considerations	consideration	NOUN
cblr-9106	315	43	associated	associate	VERB
cblr-9106	315	44	with	with	ADP
cblr-9106	315	45	the	the	DET
cblr-9106	315	46	net	net	ADJ
cblr-9106	315	47	-	-	PUNCT
cblr-9106	315	48	zero	zero	NUM
cblr-9106	315	49	transition	transition	NOUN
cblr-9106	315	50	.	.	PUNCT
cblr-9106	316	1	a.	a.	NOUN
cblr-9106	316	2	corporate	corporate	ADJ
cblr-9106	316	3	climate	climate	NOUN
cblr-9106	316	4	disclosures	disclosure	NOUN
cblr-9106	316	5	:	:	PUNCT
cblr-9106	316	6	the	the	DET
cblr-9106	316	7	state	state	NOUN
cblr-9106	316	8	of	of	ADP
cblr-9106	316	9	the	the	DET
cblr-9106	316	10	art	art	NOUN
cblr-9106	316	11	the	the	DET
cblr-9106	316	12	state	state	NOUN
cblr-9106	316	13	of	of	ADP
cblr-9106	316	14	the	the	DET
cblr-9106	316	15	art	art	NOUN
cblr-9106	316	16	in	in	ADP
cblr-9106	316	17	corporate	corporate	ADJ
cblr-9106	316	18	climate	climate	NOUN
cblr-9106	316	19	disclosures	disclosure	NOUN
cblr-9106	316	20	varies	vary	VERB
cblr-9106	316	21	across	across	ADP
cblr-9106	316	22	jurisdictions	jurisdiction	NOUN
cblr-9106	316	23	,	,	PUNCT
cblr-9106	316	24	both	both	CCONJ
cblr-9106	316	25	in	in	ADP
cblr-9106	316	26	terms	term	NOUN
cblr-9106	316	27	of	of	ADP
cblr-9106	316	28	scope	scope	NOUN
cblr-9106	316	29	and	and	CCONJ
cblr-9106	316	30	contents	content	NOUN
cblr-9106	316	31	and	and	CCONJ
cblr-9106	316	32	in	in	ADP
cblr-9106	316	33	the	the	DET
cblr-9106	316	34	degree	degree	NOUN
cblr-9106	316	35	to	to	PART
cblr-9106	316	36	which	which	PRON
cblr-9106	316	37	they	they	PRON
cblr-9106	316	38	bind	bind	VERB
cblr-9106	316	39	issuers	issuer	NOUN
cblr-9106	316	40	in	in	ADP
cblr-9106	316	41	practice	practice	NOUN
cblr-9106	316	42	.	.	PUNCT
cblr-9106	317	1	in	in	ADP
cblr-9106	317	2	the	the	DET
cblr-9106	317	3	united	united	PROPN
cblr-9106	317	4	states	states	PROPN
cblr-9106	317	5	,	,	PUNCT
cblr-9106	317	6	the	the	DET
cblr-9106	317	7	securities	securities	PROPN
cblr-9106	317	8	and	and	CCONJ
cblr-9106	317	9	exchange	exchange	PROPN
cblr-9106	317	10	commission	commission	PROPN
cblr-9106	317	11	’s	’s	PART
cblr-9106	317	12	(	(	PUNCT
cblr-9106	317	13	sec	sec	PROPN
cblr-9106	317	14	)	)	PUNCT
cblr-9106	317	15	first	first	ADJ
cblr-9106	317	16	attempt	attempt	NOUN
cblr-9106	317	17	to	to	PART
cblr-9106	317	18	integrate	integrate	VERB
cblr-9106	317	19	climate	climate	NOUN
cblr-9106	317	20	risks	risk	NOUN
cblr-9106	317	21	into	into	ADP
cblr-9106	317	22	financial	financial	ADJ
cblr-9106	317	23	disclosures	disclosure	NOUN
cblr-9106	317	24	was	be	AUX
cblr-9106	317	25	through	through	ADP
cblr-9106	317	26	its	its	PRON
cblr-9106	317	27	2010	2010	NUM
cblr-9106	317	28	climate	climate	NOUN
cblr-9106	317	29	disclosure	disclosure	NOUN
cblr-9106	317	30	guidance.98	guidance.98	PROPN
cblr-9106	317	31	however	however	ADV
cblr-9106	317	32	,	,	PUNCT
cblr-9106	317	33	the	the	DET
cblr-9106	317	34	sec	sec	PROPN
cblr-9106	317	35	’s	’s	PART
cblr-9106	317	36	guidance	guidance	NOUN
cblr-9106	317	37	shied	shy	VERB
cblr-9106	317	38	away	away	ADV
cblr-9106	317	39	from	from	ADP
cblr-9106	317	40	introducing	introduce	VERB
cblr-9106	317	41	any	any	DET
cblr-9106	317	42	well	well	ADV
cblr-9106	317	43	-	-	PUNCT
cblr-9106	317	44	defined	define	VERB
cblr-9106	317	45	requirements	requirement	NOUN
cblr-9106	317	46	for	for	ADP
cblr-9106	317	47	climate	climate	NOUN
cblr-9106	317	48	disclosures	disclosure	NOUN
cblr-9106	317	49	.	.	PUNCT
cblr-9106	318	1	rather	rather	ADV
cblr-9106	318	2	than	than	ADP
cblr-9106	318	3	designing	design	VERB
cblr-9106	318	4	a	a	DET
cblr-9106	318	5	new	new	ADJ
cblr-9106	318	6	set	set	NOUN
cblr-9106	318	7	of	of	ADP
cblr-9106	318	8	specific	specific	ADJ
cblr-9106	318	9	climate	climate	NOUN
cblr-9106	318	10	-	-	PUNCT
cblr-9106	318	11	related	relate	VERB
cblr-9106	318	12	disclosure	disclosure	NOUN
cblr-9106	318	13	mandates	mandate	NOUN
cblr-9106	318	14	,	,	PUNCT
cblr-9106	318	15	the	the	DET
cblr-9106	318	16	guidance	guidance	NOUN
cblr-9106	318	17	invoked	invoke	VERB
cblr-9106	318	18	the	the	DET
cblr-9106	318	19	open	open	ADV
cblr-9106	318	20	-	-	PUNCT
cblr-9106	318	21	ended	end	VERB
cblr-9106	318	22	concept	concept	NOUN
cblr-9106	318	23	of	of	ADP
cblr-9106	318	24	“	"	PUNCT
cblr-9106	318	25	materiality”—its	materiality”—it	NOUN
cblr-9106	318	26	relevance	relevance	NOUN
cblr-9106	318	27	for	for	ADP
cblr-9106	318	28	a	a	DET
cblr-9106	318	29	reasonable	reasonable	ADJ
cblr-9106	318	30	investor	investor	NOUN
cblr-9106	318	31	in	in	ADP
cblr-9106	318	32	making	make	VERB
cblr-9106	318	33	an	an	DET
cblr-9106	318	34	investment	investment	NOUN
cblr-9106	318	35	decision	decision	NOUN
cblr-9106	318	36	—	—	PUNCT
cblr-9106	318	37	to	to	ADP
cblr-9106	318	38	out	out	ADP
cblr-9106	318	39	fossil	fossil	ADJ
cblr-9106	318	40	fuels	fuel	NOUN
cblr-9106	318	41	.	.	PUNCT
cblr-9106	319	1	see	see	VERB
cblr-9106	319	2	natasha	natasha	PROPN
cblr-9106	319	3	landell	landell	PROPN
cblr-9106	319	4	-	-	PUNCT
cblr-9106	319	5	mills	mill	NOUN
cblr-9106	319	6	,	,	PUNCT
cblr-9106	319	7	sarasin	sarasin	NOUN
cblr-9106	319	8	&	&	CCONJ
cblr-9106	319	9	partners	partner	NOUN
cblr-9106	319	10	,	,	PUNCT
cblr-9106	319	11	are	be	AUX
cblr-9106	319	12	oil	oil	NOUN
cblr-9106	319	13	and	and	CCONJ
cblr-9106	319	14	gas	gas	NOUN
cblr-9106	319	15	companies	company	NOUN
cblr-9106	319	16	overstating	overstate	VERB
cblr-9106	319	17	their	their	PRON
cblr-9106	319	18	position	position	NOUN
cblr-9106	319	19	?	?	PUNCT
cblr-9106	320	1	underpinning	underpin	VERB
cblr-9106	320	2	company	company	NOUN
cblr-9106	320	3	balance	balance	NOUN
cblr-9106	320	4	sheets	sheet	NOUN
cblr-9106	320	5	2	2	NUM
cblr-9106	320	6	(	(	PUNCT
cblr-9106	320	7	2018	2018	NUM
cblr-9106	320	8	)	)	PUNCT
cblr-9106	320	9	,	,	PUNCT
cblr-9106	320	10	https://sarasinandpartners.com/wpcontent/uploads/2020/06/nlm-are-oil-and-gas-companies-overstatingnb.pdf	https://sarasinandpartners.com/wpcontent/uploads/2020/06/nlm-are-oil-and-gas-companies-overstatingnb.pdf	NOUN
cblr-9106	321	1	[	[	X
cblr-9106	321	2	https://perma.cc/j88v-q5c4	https://perma.cc/j88v-q5c4	X
cblr-9106	321	3	]	]	PUNCT
cblr-9106	321	4	.	.	PUNCT
cblr-9106	322	1	98	98	NUM
cblr-9106	322	2	commission	commission	NOUN
cblr-9106	322	3	guidance	guidance	NOUN
cblr-9106	322	4	regarding	regard	VERB
cblr-9106	322	5	disclosure	disclosure	NOUN
cblr-9106	322	6	related	relate	VERB
cblr-9106	322	7	to	to	ADP
cblr-9106	322	8	climate	climate	NOUN
cblr-9106	322	9	change	change	NOUN
cblr-9106	322	10	,	,	PUNCT
cblr-9106	322	11	securitas	securitas	PROPN
cblr-9106	322	12	act	act	PROPN
cblr-9106	322	13	release	release	VERB
cblr-9106	322	14	no	no	NOUN
cblr-9106	322	15	.	.	NOUN
cblr-9106	322	16	9106	9106	NUM
cblr-9106	322	17	,	,	PUNCT
cblr-9106	322	18	exchange	exchange	NOUN
cblr-9106	322	19	act	act	NOUN
cblr-9106	322	20	release	release	VERB
cblr-9106	322	21	no	no	NOUN
cblr-9106	322	22	.	.	NOUN
cblr-9106	322	23	61,469	61,469	NUM
cblr-9106	322	24	,	,	PUNCT
cblr-9106	322	25	75	75	NUM
cblr-9106	322	26	fed	feed	VERB
cblr-9106	322	27	.	.	PUNCT
cblr-9106	323	1	reg	reg	PROPN
cblr-9106	323	2	.	.	PUNCT
cblr-9106	324	1	6290	6290	NUM
cblr-9106	324	2	,	,	PUNCT
cblr-9106	324	3	6290	6290	NUM
cblr-9106	324	4	(	(	PUNCT
cblr-9106	324	5	feb	feb	PROPN
cblr-9106	324	6	.	.	PROPN
cblr-9106	324	7	8	8	NUM
cblr-9106	324	8	,	,	PUNCT
cblr-9106	324	9	2010	2010	NUM
cblr-9106	324	10	)	)	PUNCT
cblr-9106	324	11	.	.	PUNCT
cblr-9106	325	1	investors	investor	NOUN
cblr-9106	325	2	have	have	AUX
cblr-9106	325	3	long	long	ADV
cblr-9106	325	4	called	call	VERB
cblr-9106	325	5	for	for	SCONJ
cblr-9106	325	6	the	the	DET
cblr-9106	325	7	sec	sec	PROPN
cblr-9106	325	8	to	to	PART
cblr-9106	325	9	issue	issue	VERB
cblr-9106	325	10	such	such	ADJ
cblr-9106	325	11	guidance	guidance	NOUN
cblr-9106	325	12	.	.	PUNCT
cblr-9106	326	1	see	see	VERB
cblr-9106	326	2	cal	cal	ADJ
cblr-9106	326	3	.	.	PUNCT
cblr-9106	327	1	pub	pub	NOUN
cblr-9106	327	2	.	.	PUNCT
cblr-9106	328	1	emps	emp	NOUN
cblr-9106	328	2	.	.	PUNCT
cblr-9106	329	1	retirement	retirement	PROPN
cblr-9106	329	2	sys	sys	PROPN
cblr-9106	329	3	.	.	PUNCT
cblr-9106	329	4	et	et	PROPN
cblr-9106	329	5	al	al	PROPN
cblr-9106	329	6	.	.	PROPN
cblr-9106	329	7	,	,	PUNCT
cblr-9106	329	8	petition	petition	VERB
cblr-9106	329	9	for	for	ADP
cblr-9106	329	10	interpretive	interpretive	ADJ
cblr-9106	329	11	guidance	guidance	NOUN
cblr-9106	329	12	on	on	ADP
cblr-9106	329	13	climate	climate	NOUN
cblr-9106	329	14	risk	risk	NOUN
cblr-9106	329	15	disclosure	disclosure	NOUN
cblr-9106	329	16	(	(	PUNCT
cblr-9106	329	17	sept	sept	PROPN
cblr-9106	329	18	.	.	PROPN
cblr-9106	329	19	20	20	NUM
cblr-9106	329	20	,	,	PUNCT
cblr-9106	329	21	2007	2007	NUM
cblr-9106	329	22	)	)	PUNCT
cblr-9106	329	23	,	,	PUNCT
cblr-9106	329	24	https://www.sec.gov/rules/petitions/2007/petn4-547.pdf	https://www.sec.gov/rules/petitions/2007/petn4-547.pdf	PUNCT
cblr-9106	329	25	[	[	X
cblr-9106	329	26	https://perma.cc/5ac2-ggxj	https://perma.cc/5ac2-ggxj	X
cblr-9106	329	27	]	]	X
cblr-9106	329	28	.	.	PUNCT
cblr-9106	330	1	no	no	INTJ
cblr-9106	330	2	.	.	NOUN
cblr-9106	331	1	3:1085	3:1085	NUM
cblr-9106	331	2	]	]	X
cblr-9106	331	3	mandatory	mandatory	ADJ
cblr-9106	331	4	corporate	corporate	ADJ
cblr-9106	331	5	climate	climate	NOUN
cblr-9106	331	6	disclosures	disclosure	NOUN
cblr-9106	331	7	1109	1109	NUM
cblr-9106	331	8	remind	remind	VERB
cblr-9106	331	9	issuers	issuer	NOUN
cblr-9106	331	10	of	of	ADP
cblr-9106	331	11	the	the	DET
cblr-9106	331	12	need	need	NOUN
cblr-9106	331	13	for	for	ADP
cblr-9106	331	14	discussion	discussion	NOUN
cblr-9106	331	15	of	of	ADP
cblr-9106	331	16	all	all	DET
cblr-9106	331	17	risks	risk	NOUN
cblr-9106	331	18	,	,	PUNCT
cblr-9106	331	19	including	include	VERB
cblr-9106	331	20	the	the	DET
cblr-9106	331	21	climate	climate	NOUN
cblr-9106	331	22	-	-	PUNCT
cblr-9106	331	23	related	relate	VERB
cblr-9106	331	24	ones	one	NOUN
cblr-9106	331	25	,	,	PUNCT
cblr-9106	331	26	that	that	PRON
cblr-9106	331	27	meet	meet	VERB
cblr-9106	331	28	the	the	DET
cblr-9106	331	29	materiality	materiality	NOUN
cblr-9106	331	30	threshold.99	threshold.99	PROPN
cblr-9106	331	31	intuitively	intuitively	ADV
cblr-9106	331	32	,	,	PUNCT
cblr-9106	331	33	climate	climate	NOUN
cblr-9106	331	34	risks	risk	NOUN
cblr-9106	331	35	may	may	AUX
cblr-9106	331	36	qualify	qualify	VERB
cblr-9106	331	37	as	as	ADP
cblr-9106	331	38	material	material	NOUN
cblr-9106	331	39	—	—	PUNCT
cblr-9106	331	40	and	and	CCONJ
cblr-9106	331	41	some	some	DET
cblr-9106	331	42	commentators	commentator	NOUN
cblr-9106	331	43	argue	argue	VERB
cblr-9106	331	44	that	that	SCONJ
cblr-9106	331	45	they	they	PRON
cblr-9106	331	46	indeed	indeed	ADV
cblr-9106	331	47	do.100	do.100	VERB
cblr-9106	331	48	yet	yet	ADV
cblr-9106	331	49	,	,	PUNCT
cblr-9106	331	50	the	the	DET
cblr-9106	331	51	traditional	traditional	ADJ
cblr-9106	331	52	concept	concept	NOUN
cblr-9106	331	53	of	of	ADP
cblr-9106	331	54	materiality	materiality	NOUN
cblr-9106	331	55	may	may	AUX
cblr-9106	331	56	fail	fail	VERB
cblr-9106	331	57	to	to	PART
cblr-9106	331	58	capture	capture	VERB
cblr-9106	331	59	climate	climate	NOUN
cblr-9106	331	60	risks.101	risks.101	NOUN
cblr-9106	331	61	the	the	DET
cblr-9106	331	62	complex	complex	ADJ
cblr-9106	331	63	and	and	CCONJ
cblr-9106	331	64	uncertain	uncertain	ADJ
cblr-9106	331	65	nature	nature	NOUN
cblr-9106	331	66	of	of	ADP
cblr-9106	331	67	climate	climate	NOUN
cblr-9106	331	68	risks	risk	NOUN
cblr-9106	331	69	hampers	hamper	VERB
cblr-9106	331	70	efforts	effort	NOUN
cblr-9106	331	71	to	to	PART
cblr-9106	331	72	accurately	accurately	ADV
cblr-9106	331	73	quantify	quantify	VERB
cblr-9106	331	74	them	they	PRON
cblr-9106	331	75	in	in	ADP
cblr-9106	331	76	order	order	NOUN
cblr-9106	331	77	to	to	PART
cblr-9106	331	78	determine	determine	VERB
cblr-9106	331	79	their	their	PRON
cblr-9106	331	80	materiality	materiality	NOUN
cblr-9106	331	81	,	,	PUNCT
cblr-9106	331	82	particularly	particularly	ADV
cblr-9106	331	83	given	give	VERB
cblr-9106	331	84	the	the	DET
cblr-9106	331	85	limits	limit	NOUN
cblr-9106	331	86	in	in	ADP
cblr-9106	331	87	the	the	DET
cblr-9106	331	88	available	available	ADJ
cblr-9106	331	89	data	datum	NOUN
cblr-9106	331	90	and	and	CCONJ
cblr-9106	331	91	in	in	ADP
cblr-9106	331	92	our	our	PRON
cblr-9106	331	93	knowledge	knowledge	NOUN
cblr-9106	331	94	of	of	ADP
cblr-9106	331	95	the	the	DET
cblr-9106	331	96	99	99	NUM
cblr-9106	331	97	commission	commission	NOUN
cblr-9106	331	98	guidance	guidance	NOUN
cblr-9106	331	99	regarding	regard	VERB
cblr-9106	331	100	disclosure	disclosure	NOUN
cblr-9106	331	101	related	relate	VERB
cblr-9106	331	102	to	to	ADP
cblr-9106	331	103	climate	climate	NOUN
cblr-9106	331	104	change	change	NOUN
cblr-9106	331	105	,	,	PUNCT
cblr-9106	331	106	75	75	NUM
cblr-9106	331	107	fed	feed	VERB
cblr-9106	331	108	.	.	PUNCT
cblr-9106	332	1	reg	reg	PROPN
cblr-9106	332	2	.	.	PUNCT
cblr-9106	333	1	at	at	ADP
cblr-9106	333	2	62,95–96	62,95–96	NOUN
cblr-9106	333	3	.	.	PUNCT
cblr-9106	334	1	100	100	NUM
cblr-9106	334	2	see	see	VERB
cblr-9106	334	3	,	,	PUNCT
cblr-9106	334	4	e.g.	e.g.	ADV
cblr-9106	334	5	,	,	PUNCT
cblr-9106	334	6	amir	amir	PROPN
cblr-9106	334	7	amel	amel	PROPN
cblr-9106	334	8	-	-	PUNCT
cblr-9106	334	9	zadeh	zadeh	PROPN
cblr-9106	334	10	,	,	PUNCT
cblr-9106	334	11	the	the	DET
cblr-9106	334	12	financial	financial	ADJ
cblr-9106	334	13	materiality	materiality	NOUN
cblr-9106	334	14	of	of	ADP
cblr-9106	334	15	climate	climate	NOUN
cblr-9106	334	16	change	change	NOUN
cblr-9106	334	17	:	:	PUNCT
cblr-9106	334	18	evidence	evidence	NOUN
cblr-9106	334	19	from	from	ADP
cblr-9106	334	20	a	a	DET
cblr-9106	334	21	global	global	ADJ
cblr-9106	334	22	survey	survey	NOUN
cblr-9106	334	23	27	27	NUM
cblr-9106	334	24	tbl.3	tbl.3	NOUN
cblr-9106	334	25	(	(	PUNCT
cblr-9106	334	26	jul	jul	PROPN
cblr-9106	334	27	.	.	PROPN
cblr-9106	334	28	8	8	NUM
cblr-9106	334	29	,	,	PUNCT
cblr-9106	334	30	2021	2021	NUM
cblr-9106	334	31	)	)	PUNCT
cblr-9106	334	32	(	(	PUNCT
cblr-9106	334	33	unpublished	unpublished	ADJ
cblr-9106	334	34	manuscript	manuscript	NOUN
cblr-9106	334	35	)	)	PUNCT
cblr-9106	334	36	,	,	PUNCT
cblr-9106	334	37	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3295184	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3295184	PROPN
cblr-9106	334	38	(	(	PUNCT
cblr-9106	334	39	on	on	ADP
cblr-9106	334	40	file	file	NOUN
cblr-9106	334	41	with	with	ADP
cblr-9106	334	42	the	the	DET
cblr-9106	334	43	columbia	columbia	PROPN
cblr-9106	334	44	business	business	PROPN
cblr-9106	334	45	law	law	PROPN
cblr-9106	334	46	review	review	PROPN
cblr-9106	334	47	)	)	PUNCT
cblr-9106	334	48	(	(	PUNCT
cblr-9106	334	49	reporting	report	VERB
cblr-9106	334	50	that	that	SCONJ
cblr-9106	334	51	73.5	73.5	NUM
cblr-9106	334	52	%	%	NOUN
cblr-9106	334	53	of	of	ADP
cblr-9106	334	54	institutional	institutional	ADJ
cblr-9106	334	55	investors	investor	NOUN
cblr-9106	334	56	surveyed	survey	VERB
cblr-9106	334	57	agreed	agree	VERB
cblr-9106	334	58	that	that	SCONJ
cblr-9106	334	59	climate	climate	NOUN
cblr-9106	334	60	change	change	NOUN
cblr-9106	334	61	possess	possess	VERB
cblr-9106	334	62	a	a	DET
cblr-9106	334	63	material	material	ADJ
cblr-9106	334	64	risk	risk	NOUN
cblr-9106	334	65	to	to	ADP
cblr-9106	334	66	companies	company	NOUN
cblr-9106	334	67	in	in	ADP
cblr-9106	334	68	that	that	DET
cblr-9106	334	69	investor	investor	NOUN
cblr-9106	334	70	’s	’s	PART
cblr-9106	334	71	portfolio	portfolio	NOUN
cblr-9106	334	72	)	)	PUNCT
cblr-9106	334	73	;	;	PUNCT
cblr-9106	334	74	jeffery	jeffery	PROPN
cblr-9106	334	75	m.	m.	PROPN
cblr-9106	334	76	mcfarland	mcfarland	PROPN
cblr-9106	334	77	,	,	PUNCT
cblr-9106	334	78	warming	warm	VERB
cblr-9106	334	79	up	up	ADP
cblr-9106	334	80	to	to	ADP
cblr-9106	334	81	climate	climate	NOUN
cblr-9106	334	82	change	change	NOUN
cblr-9106	334	83	risk	risk	NOUN
cblr-9106	334	84	disclosure	disclosure	NOUN
cblr-9106	334	85	,	,	PUNCT
cblr-9106	334	86	14	14	NUM
cblr-9106	334	87	fordham	fordham	PROPN
cblr-9106	334	88	j.	j.	PROPN
cblr-9106	334	89	corp	corp	PROPN
cblr-9106	334	90	.	.	PROPN
cblr-9106	334	91	&	&	CCONJ
cblr-9106	334	92	fin	fin	PROPN
cblr-9106	334	93	.	.	PUNCT
cblr-9106	335	1	l.	l.	PROPN
cblr-9106	335	2	281	281	NUM
cblr-9106	335	3	,	,	PUNCT
cblr-9106	335	4	292	292	NUM
cblr-9106	335	5	(	(	PUNCT
cblr-9106	335	6	2009	2009	NUM
cblr-9106	335	7	)	)	PUNCT
cblr-9106	335	8	(	(	PUNCT
cblr-9106	335	9	“	"	PUNCT
cblr-9106	335	10	[	[	X
cblr-9106	335	11	i]t	i]t	PRON
cblr-9106	335	12	certainly	certainly	ADV
cblr-9106	335	13	is	be	AUX
cblr-9106	335	14	arguable	arguable	ADJ
cblr-9106	335	15	that	that	SCONJ
cblr-9106	335	16	climate	climate	NOUN
cblr-9106	335	17	change	change	NOUN
cblr-9106	335	18	risk	risk	NOUN
cblr-9106	335	19	disclosure	disclosure	NOUN
cblr-9106	335	20	fits	fit	VERB
cblr-9106	335	21	the	the	DET
cblr-9106	335	22	materiality	materiality	NOUN
cblr-9106	335	23	standard	standard	NOUN
cblr-9106	335	24	if	if	SCONJ
cblr-9106	335	25	evaluated	evaluate	VERB
cblr-9106	335	26	solely	solely	ADV
cblr-9106	335	27	by	by	ADP
cblr-9106	335	28	its	its	PRON
cblr-9106	335	29	economic	economic	ADJ
cblr-9106	335	30	effects	effect	NOUN
cblr-9106	335	31	.	.	PUNCT
cblr-9106	335	32	”	"	PUNCT
cblr-9106	335	33	)	)	PUNCT
cblr-9106	335	34	;	;	PUNCT
cblr-9106	336	1	aisha	aisha	PROPN
cblr-9106	336	2	i.	i.	PROPN
cblr-9106	336	3	saad	saad	PROPN
cblr-9106	336	4	&	&	CCONJ
cblr-9106	336	5	diane	diane	PROPN
cblr-9106	336	6	strauss	strauss	PROPN
cblr-9106	336	7	,	,	PUNCT
cblr-9106	336	8	the	the	DET
cblr-9106	336	9	new	new	ADJ
cblr-9106	336	10	“	"	PUNCT
cblr-9106	336	11	reasonable	reasonable	ADJ
cblr-9106	336	12	investor	investor	NOUN
cblr-9106	336	13	”	"	PUNCT
cblr-9106	336	14	and	and	CCONJ
cblr-9106	336	15	changing	change	VERB
cblr-9106	336	16	frontiers	frontier	NOUN
cblr-9106	336	17	of	of	ADP
cblr-9106	336	18	materiality	materiality	NOUN
cblr-9106	336	19	:	:	PUNCT
cblr-9106	336	20	increasing	increase	VERB
cblr-9106	336	21	investor	investor	NOUN
cblr-9106	336	22	reliance	reliance	NOUN
cblr-9106	336	23	on	on	ADP
cblr-9106	336	24	esg	esg	PROPN
cblr-9106	336	25	disclosures	disclosure	NOUN
cblr-9106	336	26	and	and	CCONJ
cblr-9106	336	27	implications	implication	NOUN
cblr-9106	336	28	for	for	ADP
cblr-9106	336	29	securities	security	NOUN
cblr-9106	336	30	litigation	litigation	NOUN
cblr-9106	336	31	,	,	PUNCT
cblr-9106	336	32	17	17	NUM
cblr-9106	336	33	berkeley	berkeley	PROPN
cblr-9106	336	34	bus	bus	NOUN
cblr-9106	336	35	.	.	PUNCT
cblr-9106	337	1	l.j	l.j	AUX
cblr-9106	337	2	.	.	PROPN
cblr-9106	337	3	391	391	NUM
cblr-9106	337	4	,	,	PUNCT
cblr-9106	337	5	393	393	NUM
cblr-9106	337	6	(	(	PUNCT
cblr-9106	337	7	2020	2020	NUM
cblr-9106	337	8	)	)	PUNCT
cblr-9106	337	9	(	(	PUNCT
cblr-9106	337	10	“	"	PUNCT
cblr-9106	337	11	[	[	X
cblr-9106	337	12	a	a	X
cblr-9106	337	13	]	]	X
cblr-9106	337	14	host	host	NOUN
cblr-9106	337	15	of	of	ADP
cblr-9106	337	16	scholars	scholar	NOUN
cblr-9106	337	17	,	,	PUNCT
cblr-9106	337	18	have	have	AUX
cblr-9106	337	19	been	be	AUX
cblr-9106	337	20	arguing	argue	VERB
cblr-9106	337	21	that	that	SCONJ
cblr-9106	337	22	esg	esg	PROPN
cblr-9106	337	23	data	data	PROPN
cblr-9106	337	24	is	be	AUX
cblr-9106	337	25	relevant	relevant	ADJ
cblr-9106	337	26	to	to	ADP
cblr-9106	337	27	effective	effective	ADJ
cblr-9106	337	28	asset	asset	NOUN
cblr-9106	337	29	management	management	NOUN
cblr-9106	337	30	,	,	PUNCT
cblr-9106	337	31	and	and	CCONJ
cblr-9106	337	32	thus	thus	ADV
cblr-9106	337	33	,	,	PUNCT
cblr-9106	337	34	that	that	SCONJ
cblr-9106	337	35	it	it	PRON
cblr-9106	337	36	is	be	AUX
cblr-9106	337	37	legally	legally	ADV
cblr-9106	337	38	‘	'	PUNCT
cblr-9106	337	39	material	material	ADJ
cblr-9106	337	40	[	[	X
cblr-9106	337	41	.	.	PUNCT
cblr-9106	337	42	]	]	X
cblr-9106	337	43	’	'	PUNCT
cblr-9106	337	44	”	"	PUNCT
cblr-9106	337	45	(	(	PUNCT
cblr-9106	337	46	footnote	footnote	NOUN
cblr-9106	337	47	omitted	omit	VERB
cblr-9106	337	48	)	)	PUNCT
cblr-9106	337	49	)	)	PUNCT
cblr-9106	337	50	.	.	PUNCT
cblr-9106	338	1	101	101	NUM
cblr-9106	338	2	see	see	VERB
cblr-9106	338	3	alan	alan	PROPN
cblr-9106	338	4	r.	r.	PROPN
cblr-9106	338	5	palmiter	palmiter	PROPN
cblr-9106	338	6	,	,	PUNCT
cblr-9106	338	7	climate	climate	NOUN
cblr-9106	338	8	change	change	NOUN
cblr-9106	338	9	disclosure	disclosure	NOUN
cblr-9106	338	10	:	:	PUNCT
cblr-9106	338	11	a	a	DET
cblr-9106	338	12	failed	fail	VERB
cblr-9106	338	13	sec	sec	PROPN
cblr-9106	338	14	mandate	mandate	NOUN
cblr-9106	338	15	71–72	71–72	NUM
cblr-9106	338	16	(	(	PUNCT
cblr-9106	338	17	mar	mar	PROPN
cblr-9106	338	18	.	.	PROPN
cblr-9106	338	19	15	15	NUM
cblr-9106	338	20	,	,	PUNCT
cblr-9106	338	21	2017	2017	NUM
cblr-9106	338	22	)	)	PUNCT
cblr-9106	338	23	(	(	PUNCT
cblr-9106	338	24	unpublished	unpublished	ADJ
cblr-9106	338	25	manuscript	manuscript	NOUN
cblr-9106	338	26	)	)	PUNCT
cblr-9106	338	27	,	,	PUNCT
cblr-9106	338	28	https://ssrn.com/abstract=2639181	https://ssrn.com/abstract=2639181	PROPN
cblr-9106	339	1	[	[	X
cblr-9106	339	2	https://perma.cc/xps3-eqd9	https://perma.cc/xps3-eqd9	X
cblr-9106	339	3	]	]	X
cblr-9106	339	4	(	(	PUNCT
cblr-9106	339	5	explaining	explain	VERB
cblr-9106	339	6	the	the	DET
cblr-9106	339	7	difficulty	difficulty	NOUN
cblr-9106	339	8	in	in	ADP
cblr-9106	339	9	determining	determine	VERB
cblr-9106	339	10	materiality	materiality	NOUN
cblr-9106	339	11	)	)	PUNCT
cblr-9106	339	12	;	;	PUNCT
cblr-9106	339	13	rick	rick	PROPN
cblr-9106	339	14	e.	e.	PROPN
cblr-9106	339	15	hansen	hansen	PROPN
cblr-9106	339	16	,	,	PUNCT
cblr-9106	339	17	climate	climate	NOUN
cblr-9106	339	18	change	change	NOUN
cblr-9106	339	19	disclosure	disclosure	NOUN
cblr-9106	339	20	by	by	ADP
cblr-9106	339	21	sec	sec	PROPN
cblr-9106	339	22	registrants	registrant	NOUN
cblr-9106	339	23	:	:	PUNCT
cblr-9106	339	24	revisiting	revisit	VERB
cblr-9106	339	25	the	the	DET
cblr-9106	339	26	sec	sec	PROPN
cblr-9106	339	27	’s	’s	PART
cblr-9106	339	28	2010	2010	NUM
cblr-9106	339	29	interpretive	interpretive	ADJ
cblr-9106	339	30	release	release	NOUN
cblr-9106	339	31	,	,	PUNCT
cblr-9106	339	32	6	6	NUM
cblr-9106	339	33	brook	brook	NOUN
cblr-9106	339	34	.	.	PUNCT
cblr-9106	340	1	j.	j.	PROPN
cblr-9106	340	2	corp	corp	PROPN
cblr-9106	340	3	.	.	PROPN
cblr-9106	340	4	fin	fin	PROPN
cblr-9106	340	5	.	.	PUNCT
cblr-9106	340	6	&	&	CCONJ
cblr-9106	340	7	com	com	PROPN
cblr-9106	340	8	.	.	PROPN
cblr-9106	340	9	l.	l.	PROPN
cblr-9106	340	10	487	487	NUM
cblr-9106	340	11	,	,	PUNCT
cblr-9106	340	12	502	502	NUM
cblr-9106	340	13	(	(	PUNCT
cblr-9106	340	14	2012	2012	NUM
cblr-9106	340	15	)	)	PUNCT
cblr-9106	340	16	(	(	PUNCT
cblr-9106	340	17	reporting	report	VERB
cblr-9106	340	18	on	on	ADP
cblr-9106	340	19	the	the	DET
cblr-9106	340	20	effects	effect	NOUN
cblr-9106	340	21	of	of	ADP
cblr-9106	340	22	sec	sec	PROPN
cblr-9106	340	23	guidance	guidance	NOUN
cblr-9106	340	24	on	on	ADP
cblr-9106	340	25	issuers	issuer	NOUN
cblr-9106	340	26	’	'	PUNCT
cblr-9106	340	27	disclosures	disclosure	NOUN
cblr-9106	340	28	)	)	PUNCT
cblr-9106	340	29	;	;	PUNCT
cblr-9106	340	30	virginia	virginia	PROPN
cblr-9106	340	31	harper	harper	PROPN
cblr-9106	340	32	ho	ho	PROPN
cblr-9106	340	33	,	,	PUNCT
cblr-9106	340	34	nonfinancial	nonfinancial	ADJ
cblr-9106	340	35	risk	risk	NOUN
cblr-9106	340	36	disclosure	disclosure	NOUN
cblr-9106	340	37	and	and	CCONJ
cblr-9106	340	38	the	the	DET
cblr-9106	340	39	costs	cost	NOUN
cblr-9106	340	40	of	of	ADP
cblr-9106	340	41	private	private	ADJ
cblr-9106	340	42	ordering	ordering	NOUN
cblr-9106	340	43	,	,	PUNCT
cblr-9106	340	44	55	55	NUM
cblr-9106	340	45	am	am	NOUN
cblr-9106	340	46	.	.	PUNCT
cblr-9106	340	47	bus	bus	NOUN
cblr-9106	340	48	.	.	PUNCT
cblr-9106	341	1	l.j	l.j	AUX
cblr-9106	341	2	.	.	PROPN
cblr-9106	341	3	407	407	NUM
cblr-9106	341	4	,	,	PUNCT
cblr-9106	341	5	430	430	NUM
cblr-9106	341	6	(	(	PUNCT
cblr-9106	341	7	2018	2018	NUM
cblr-9106	341	8	)	)	PUNCT
cblr-9106	341	9	(	(	PUNCT
cblr-9106	341	10	“	"	PUNCT
cblr-9106	341	11	the	the	DET
cblr-9106	341	12	limited	limited	ADJ
cblr-9106	341	13	amount	amount	NOUN
cblr-9106	341	14	of	of	ADP
cblr-9106	341	15	material	material	NOUN
cblr-9106	341	16	esg	esg	PROPN
cblr-9106	341	17	information	information	NOUN
cblr-9106	341	18	contained	contain	VERB
cblr-9106	341	19	in	in	ADP
cblr-9106	341	20	most	most	ADJ
cblr-9106	341	21	firms	firm	NOUN
cblr-9106	341	22	’	'	PUNCT
cblr-9106	341	23	financial	financial	ADJ
cblr-9106	341	24	reports	report	NOUN
cblr-9106	341	25	is	be	AUX
cblr-9106	341	26	due	due	ADJ
cblr-9106	341	27	in	in	ADP
cblr-9106	341	28	part	part	NOUN
cblr-9106	341	29	to	to	ADP
cblr-9106	341	30	the	the	DET
cblr-9106	341	31	fact	fact	NOUN
cblr-9106	341	32	that	that	SCONJ
cblr-9106	341	33	federal	federal	ADJ
cblr-9106	341	34	securities	security	NOUN
cblr-9106	341	35	law	law	NOUN
cblr-9106	341	36	does	do	AUX
cblr-9106	341	37	not	not	PART
cblr-9106	341	38	require	require	VERB
cblr-9106	341	39	issuers	issuer	NOUN
cblr-9106	341	40	to	to	PART
cblr-9106	341	41	disclose	disclose	VERB
cblr-9106	341	42	all	all	DET
cblr-9106	341	43	material	material	ADJ
cblr-9106	341	44	information	information	NOUN
cblr-9106	341	45	within	within	ADP
cblr-9106	341	46	periodic	periodic	ADJ
cblr-9106	341	47	reporting	reporting	NOUN
cblr-9106	341	48	.	.	PUNCT
cblr-9106	341	49	”	"	PUNCT
cblr-9106	342	1	(	(	PUNCT
cblr-9106	342	2	footnote	footnote	NOUN
cblr-9106	342	3	omitted	omit	VERB
cblr-9106	342	4	)	)	PUNCT
cblr-9106	342	5	)	)	PUNCT
cblr-9106	342	6	;	;	PUNCT
cblr-9106	342	7	see	see	VERB
cblr-9106	342	8	also	also	ADV
cblr-9106	342	9	new	new	PROPN
cblr-9106	342	10	york	york	PROPN
cblr-9106	342	11	v.	v.	PROPN
cblr-9106	342	12	exxon	exxon	PROPN
cblr-9106	342	13	mobil	mobil	PROPN
cblr-9106	342	14	corp	corp	PROPN
cblr-9106	342	15	.	.	PROPN
cblr-9106	342	16	,	,	PUNCT
cblr-9106	342	17	no	no	INTJ
cblr-9106	342	18	.	.	NOUN
cblr-9106	342	19	452044	452044	NUM
cblr-9106	342	20	,	,	PUNCT
cblr-9106	342	21	2019	2019	NUM
cblr-9106	342	22	wl	wl	NOUN
cblr-9106	342	23	6795771	6795771	NUM
cblr-9106	342	24	(	(	PUNCT
cblr-9106	342	25	n.y	n.y	PROPN
cblr-9106	342	26	.	.	PROPN
cblr-9106	342	27	sup	sup	PROPN
cblr-9106	342	28	.	.	PUNCT
cblr-9106	343	1	ct	ct	NUM
cblr-9106	343	2	.	.	NOUN
cblr-9106	343	3	2019	2019	NUM
cblr-9106	343	4	)	)	PUNCT
cblr-9106	343	5	(	(	PUNCT
cblr-9106	343	6	alleged	allege	VERB
cblr-9106	343	7	misstatement	misstatement	NOUN
cblr-9106	343	8	regarding	regard	VERB
cblr-9106	343	9	climate	climate	NOUN
cblr-9106	343	10	change	change	NOUN
cblr-9106	343	11	planning	plan	VERB
cblr-9106	343	12	not	not	PART
cblr-9106	343	13	shown	show	VERB
cblr-9106	343	14	to	to	PART
cblr-9106	343	15	be	be	AUX
cblr-9106	343	16	material	material	NOUN
cblr-9106	343	17	)	)	PUNCT
cblr-9106	343	18	.	.	PUNCT
cblr-9106	344	1	1110	1110	NUM
cblr-9106	344	2	columbia	columbia	PROPN
cblr-9106	344	3	business	business	PROPN
cblr-9106	344	4	law	law	PROPN
cblr-9106	344	5	review	review	NOUN
cblr-9106	344	6	[	[	X
cblr-9106	344	7	vol	vol	NOUN
cblr-9106	344	8	.	.	NOUN
cblr-9106	344	9	2021	2021	NUM
cblr-9106	344	10	physical	physical	ADJ
cblr-9106	344	11	phenomena.102	phenomena.102	NOUN
cblr-9106	344	12	companies	company	NOUN
cblr-9106	344	13	(	(	PUNCT
cblr-9106	344	14	and	and	CCONJ
cblr-9106	344	15	directors	director	NOUN
cblr-9106	344	16	or	or	CCONJ
cblr-9106	344	17	executives	executive	NOUN
cblr-9106	344	18	trained	train	VERB
cblr-9106	344	19	to	to	PART
cblr-9106	344	20	assess	assess	VERB
cblr-9106	344	21	financial	financial	ADJ
cblr-9106	344	22	risks	risk	NOUN
cblr-9106	344	23	)	)	PUNCT
cblr-9106	344	24	must	must	AUX
cblr-9106	344	25	choose	choose	VERB
cblr-9106	344	26	from	from	ADP
cblr-9106	344	27	competing	compete	VERB
cblr-9106	344	28	scientific	scientific	ADJ
cblr-9106	344	29	approaches	approach	NOUN
cblr-9106	344	30	to	to	PART
cblr-9106	344	31	assess	assess	VERB
cblr-9106	344	32	the	the	DET
cblr-9106	344	33	materiality	materiality	NOUN
cblr-9106	344	34	of	of	ADP
cblr-9106	344	35	climate	climate	NOUN
cblr-9106	344	36	risks	risk	NOUN
cblr-9106	344	37	for	for	ADP
cblr-9106	344	38	their	their	PRON
cblr-9106	344	39	own	own	ADJ
cblr-9106	344	40	individual	individual	ADJ
cblr-9106	344	41	companies,103	companies,103	NOUN
cblr-9106	344	42	broadening	broaden	VERB
cblr-9106	344	43	the	the	DET
cblr-9106	344	44	already	already	ADV
cblr-9106	344	45	wide	wide	ADJ
cblr-9106	344	46	discretion	discretion	NOUN
cblr-9106	344	47	inherent	inherent	ADJ
cblr-9106	344	48	in	in	ADP
cblr-9106	344	49	firms	firm	NOUN
cblr-9106	344	50	’	’	PART
cblr-9106	344	51	materiality	materiality	NOUN
cblr-9106	344	52	assessments	assessment	NOUN
cblr-9106	344	53	.	.	PUNCT
cblr-9106	345	1	similarly	similarly	ADV
cblr-9106	345	2	,	,	PUNCT
cblr-9106	345	3	in	in	ADP
cblr-9106	345	4	the	the	DET
cblr-9106	345	5	united	united	ADJ
cblr-9106	345	6	kingdom	kingdom	PROPN
cblr-9106	345	7	,	,	PUNCT
cblr-9106	345	8	several	several	ADJ
cblr-9106	345	9	reporting	reporting	NOUN
cblr-9106	345	10	requirements	requirement	NOUN
cblr-9106	345	11	and	and	CCONJ
cblr-9106	345	12	guidance	guidance	NOUN
cblr-9106	345	13	instruments	instrument	NOUN
cblr-9106	345	14	enacted	enact	VERB
cblr-9106	345	15	throughout	throughout	ADP
cblr-9106	345	16	the	the	DET
cblr-9106	345	17	2010s	2010s	NUM
cblr-9106	345	18	can	can	AUX
cblr-9106	345	19	be	be	AUX
cblr-9106	345	20	interpreted	interpret	VERB
cblr-9106	345	21	as	as	ADP
cblr-9106	345	22	requiring	require	VERB
cblr-9106	345	23	companies	company	NOUN
cblr-9106	345	24	,	,	PUNCT
cblr-9106	345	25	according	accord	VERB
cblr-9106	345	26	to	to	ADP
cblr-9106	345	27	their	their	PRON
cblr-9106	345	28	individual	individual	ADJ
cblr-9106	345	29	circumstances	circumstance	NOUN
cblr-9106	345	30	,	,	PUNCT
cblr-9106	345	31	to	to	PART
cblr-9106	345	32	provide	provide	VERB
cblr-9106	345	33	periodic	periodic	ADJ
cblr-9106	345	34	information	information	NOUN
cblr-9106	345	35	about	about	ADP
cblr-9106	345	36	their	their	PRON
cblr-9106	345	37	climate	climate	NOUN
cblr-9106	345	38	risks.104	risks.104	NOUN
cblr-9106	345	39	yet	yet	ADV
cblr-9106	345	40	,	,	PUNCT
cblr-9106	345	41	a	a	DET
cblr-9106	345	42	generally	generally	ADV
cblr-9106	345	43	applicable	applicable	ADJ
cblr-9106	345	44	mandate	mandate	NOUN
cblr-9106	345	45	appears	appear	VERB
cblr-9106	345	46	not	not	PART
cblr-9106	345	47	to	to	PART
cblr-9106	345	48	be	be	AUX
cblr-9106	345	49	in	in	ADP
cblr-9106	345	50	place.105	place.105	PROPN
cblr-9106	345	51	one	one	NUM
cblr-9106	345	52	important	important	ADJ
cblr-9106	345	53	exception	exception	NOUN
cblr-9106	345	54	to	to	ADP
cblr-9106	345	55	the	the	DET
cblr-9106	345	56	united	united	PROPN
cblr-9106	345	57	kingdom	kingdom	PROPN
cblr-9106	345	58	’s	’s	PART
cblr-9106	345	59	hortative	hortative	ADJ
cblr-9106	345	60	approach	approach	NOUN
cblr-9106	345	61	is	be	AUX
cblr-9106	345	62	the	the	DET
cblr-9106	345	63	requirement	requirement	NOUN
cblr-9106	345	64	,	,	PUNCT
cblr-9106	345	65	dating	date	VERB
cblr-9106	345	66	back	back	ADV
cblr-9106	345	67	to	to	ADP
cblr-9106	345	68	2013	2013	NUM
cblr-9106	345	69	,	,	PUNCT
cblr-9106	345	70	for	for	ADP
cblr-9106	345	71	all	all	DET
cblr-9106	345	72	domestic	domestic	ADJ
cblr-9106	345	73	companies	company	NOUN
cblr-9106	345	74	listed	list	VERB
cblr-9106	345	75	on	on	ADP
cblr-9106	345	76	a	a	DET
cblr-9106	345	77	major	major	ADJ
cblr-9106	345	78	stock	stock	NOUN
cblr-9106	345	79	exchange106	exchange106	PROPN
cblr-9106	345	80	to	to	PART
cblr-9106	345	81	report	report	VERB
cblr-9106	345	82	their	their	PRON
cblr-9106	345	83	greenhouse	greenhouse	NOUN
cblr-9106	345	84	gas	gas	NOUN
cblr-9106	345	85	(	(	PUNCT
cblr-9106	345	86	ghg	ghg	PROPN
cblr-9106	345	87	)	)	PUNCT
cblr-9106	345	88	emissions	emission	NOUN
cblr-9106	345	89	as	as	ADP
cblr-9106	345	90	part	part	NOUN
cblr-9106	345	91	of	of	ADP
cblr-9106	345	92	the	the	DET
cblr-9106	345	93	annual	annual	ADJ
cblr-9106	345	94	directors	director	NOUN
cblr-9106	345	95	’	'	PUNCT
cblr-9106	345	96	report.107	report.107	VERB
cblr-9106	345	97	emissions	emission	NOUN
cblr-9106	345	98	were	be	AUX
cblr-9106	345	99	defined	define	VERB
cblr-9106	345	100	as	as	ADP
cblr-9106	345	101	comprising	comprise	VERB
cblr-9106	345	102	those	those	PRON
cblr-9106	345	103	“	"	PUNCT
cblr-9106	345	104	from	from	ADP
cblr-9106	345	105	activities	activity	NOUN
cblr-9106	345	106	for	for	ADP
cblr-9106	345	107	which	which	PRON
cblr-9106	345	108	that	that	DET
cblr-9106	345	109	company	company	NOUN
cblr-9106	345	110	is	be	AUX
cblr-9106	345	111	responsible	responsible	ADJ
cblr-9106	345	112	including	include	VERB
cblr-9106	345	113	(	(	PUNCT
cblr-9106	345	114	a	a	X
cblr-9106	345	115	)	)	PUNCT
cblr-9106	345	116	the	the	DET
cblr-9106	345	117	combustion	combustion	NOUN
cblr-9106	345	118	of	of	ADP
cblr-9106	345	119	fuel	fuel	NOUN
cblr-9106	345	120	;	;	PUNCT
cblr-9106	345	121	and	and	CCONJ
cblr-9106	345	122	(	(	PUNCT
cblr-9106	345	123	b	b	X
cblr-9106	345	124	)	)	PUNCT
cblr-9106	345	125	the	the	DET
cblr-9106	345	126	operation	operation	NOUN
cblr-9106	345	127	of	of	ADP
cblr-9106	345	128	any	any	DET
cblr-9106	345	129	facility”108	facility”108	NOUN
cblr-9106	345	130	(	(	PUNCT
cblr-9106	345	131	scope	scope	NOUN
cblr-9106	345	132	1	1	NUM
cblr-9106	345	133	emissions	emission	NOUN
cblr-9106	345	134	)	)	PUNCT
cblr-9106	345	135	and	and	CCONJ
cblr-9106	345	136	those	those	DET
cblr-9106	345	137	“	"	PUNCT
cblr-9106	345	138	resulting	result	VERB
cblr-9106	345	139	from	from	ADP
cblr-9106	345	140	the	the	DET
cblr-9106	345	141	purchase	purchase	NOUN
cblr-9106	345	142	of	of	ADP
cblr-9106	345	143	electricity	electricity	NOUN
cblr-9106	345	144	,	,	PUNCT
cblr-9106	345	145	heat	heat	NOUN
cblr-9106	345	146	,	,	PUNCT
cblr-9106	345	147	steam	steam	NOUN
cblr-9106	345	148	or	or	CCONJ
cblr-9106	345	149	102	102	NUM
cblr-9106	345	150	see	see	NOUN
cblr-9106	345	151	supra	supra	PROPN
cblr-9106	345	152	section	section	PROPN
cblr-9106	345	153	ii.a	ii.a	PROPN
cblr-9106	345	154	;	;	PUNCT
cblr-9106	345	155	see	see	VERB
cblr-9106	345	156	also	also	ADV
cblr-9106	345	157	jeffrey	jeffrey	PROPN
cblr-9106	345	158	a.	a.	PROPN
cblr-9106	345	159	smith	smith	PROPN
cblr-9106	345	160	,	,	PUNCT
cblr-9106	345	161	matthew	matthew	PROPN
cblr-9106	345	162	morreale	morreale	PROPN
cblr-9106	345	163	&	&	CCONJ
cblr-9106	345	164	michael	michael	PROPN
cblr-9106	345	165	e.	e.	PROPN
cblr-9106	345	166	mariani	mariani	PROPN
cblr-9106	345	167	,	,	PUNCT
cblr-9106	345	168	climate	climate	NOUN
cblr-9106	345	169	change	change	NOUN
cblr-9106	345	170	disclosure	disclosure	NOUN
cblr-9106	345	171	:	:	PUNCT
cblr-9106	345	172	moving	move	VERB
cblr-9106	345	173	towards	towards	ADP
cblr-9106	345	174	a	a	DET
cblr-9106	345	175	brave	brave	ADJ
cblr-9106	345	176	new	new	ADJ
cblr-9106	345	177	world	world	NOUN
cblr-9106	345	178	,	,	PUNCT
cblr-9106	345	179	3	3	NUM
cblr-9106	345	180	cap	cap	NOUN
cblr-9106	345	181	.	.	PUNCT
cblr-9106	346	1	mkts	mkts	NOUN
cblr-9106	346	2	.	.	PUNCT
cblr-9106	347	1	l.j	l.j	PROPN
cblr-9106	347	2	.	.	PROPN
cblr-9106	348	1	469	469	NUM
cblr-9106	348	2	,	,	PUNCT
cblr-9106	348	3	483	483	NUM
cblr-9106	348	4	(	(	PUNCT
cblr-9106	348	5	2008	2008	NUM
cblr-9106	348	6	)	)	PUNCT
cblr-9106	348	7	(	(	PUNCT
cblr-9106	348	8	“	"	PUNCT
cblr-9106	348	9	determining	determine	VERB
cblr-9106	348	10	the	the	DET
cblr-9106	348	11	materiality	materiality	NOUN
cblr-9106	348	12	of	of	ADP
cblr-9106	348	13	an	an	DET
cblr-9106	348	14	issue	issue	NOUN
cblr-9106	348	15	is	be	AUX
cblr-9106	348	16	difficult	difficult	ADJ
cblr-9106	348	17	,	,	PUNCT
cblr-9106	348	18	particularly	particularly	ADV
cblr-9106	348	19	without	without	ADP
cblr-9106	348	20	numerical	numerical	ADJ
cblr-9106	348	21	standards	standard	NOUN
cblr-9106	348	22	and	and	CCONJ
cblr-9106	348	23	bright	bright	ADJ
cblr-9106	348	24	line	line	NOUN
cblr-9106	348	25	tests	test	NOUN
cblr-9106	348	26	.	.	PUNCT
cblr-9106	349	1	the	the	DET
cblr-9106	349	2	complex	complex	ADJ
cblr-9106	349	3	and	and	CCONJ
cblr-9106	349	4	uncertain	uncertain	ADJ
cblr-9106	349	5	nature	nature	NOUN
cblr-9106	349	6	of	of	ADP
cblr-9106	349	7	climate	climate	NOUN
cblr-9106	349	8	change	change	NOUN
cblr-9106	349	9	makes	make	VERB
cblr-9106	349	10	the	the	DET
cblr-9106	349	11	task	task	NOUN
cblr-9106	349	12	harder	hard	ADV
cblr-9106	349	13	.	.	PUNCT
cblr-9106	349	14	”	"	PUNCT
cblr-9106	349	15	)	)	PUNCT
cblr-9106	349	16	;	;	PUNCT
cblr-9106	349	17	palmiter	palmiter	NOUN
cblr-9106	349	18	,	,	PUNCT
cblr-9106	349	19	supra	supra	PROPN
cblr-9106	349	20	note	note	NOUN
cblr-9106	349	21	101	101	NUM
cblr-9106	349	22	,	,	PUNCT
cblr-9106	349	23	at	at	ADP
cblr-9106	349	24	71–72	71–72	NUM
cblr-9106	349	25	(	(	PUNCT
cblr-9106	349	26	explaining	explain	VERB
cblr-9106	349	27	the	the	DET
cblr-9106	349	28	difficulty	difficulty	NOUN
cblr-9106	349	29	in	in	ADP
cblr-9106	349	30	determining	determine	VERB
cblr-9106	349	31	materiality	materiality	NOUN
cblr-9106	349	32	)	)	PUNCT
cblr-9106	349	33	.	.	PUNCT
cblr-9106	350	1	103	103	NUM
cblr-9106	350	2	palmiter	palmiter	NOUN
cblr-9106	350	3	,	,	PUNCT
cblr-9106	350	4	supra	supra	PROPN
cblr-9106	350	5	note	note	NOUN
cblr-9106	350	6	101	101	NUM
cblr-9106	350	7	,	,	PUNCT
cblr-9106	350	8	at	at	ADP
cblr-9106	350	9	72	72	NUM
cblr-9106	350	10	.	.	PUNCT
cblr-9106	351	1	104	104	NUM
cblr-9106	351	2	see	see	VERB
cblr-9106	351	3	emily	emily	PROPN
cblr-9106	351	4	webster	webster	PROPN
cblr-9106	351	5	,	,	PUNCT
cblr-9106	351	6	information	information	NOUN
cblr-9106	351	7	disclosure	disclosure	NOUN
cblr-9106	351	8	and	and	CCONJ
cblr-9106	351	9	the	the	DET
cblr-9106	351	10	transition	transition	NOUN
cblr-9106	351	11	to	to	ADP
cblr-9106	351	12	a	a	DET
cblr-9106	351	13	low	low	ADJ
cblr-9106	351	14	-	-	PUNCT
cblr-9106	351	15	carbon	carbon	NOUN
cblr-9106	351	16	economy	economy	NOUN
cblr-9106	351	17	:	:	PUNCT
cblr-9106	351	18	climate	climate	NOUN
cblr-9106	351	19	-	-	PUNCT
cblr-9106	351	20	related	relate	VERB
cblr-9106	351	21	risk	risk	NOUN
cblr-9106	351	22	in	in	ADP
cblr-9106	351	23	the	the	DET
cblr-9106	351	24	uk	uk	PROPN
cblr-9106	351	25	and	and	CCONJ
cblr-9106	351	26	france	france	PROPN
cblr-9106	351	27	,	,	PUNCT
cblr-9106	351	28	32	32	NUM
cblr-9106	351	29	j.	j.	PROPN
cblr-9106	351	30	env’t	env’t	PROPN
cblr-9106	351	31	l.	l.	PROPN
cblr-9106	351	32	279	279	NUM
cblr-9106	351	33	,	,	PUNCT
cblr-9106	351	34	291–97	291–97	NUM
cblr-9106	351	35	(	(	PUNCT
cblr-9106	351	36	2019	2019	NUM
cblr-9106	351	37	)	)	PUNCT
cblr-9106	351	38	.	.	PUNCT
cblr-9106	352	1	105	105	NUM
cblr-9106	353	1	i	i	PRON
cblr-9106	353	2	d.	d.	PROPN
cblr-9106	353	3	at	at	ADP
cblr-9106	353	4	299	299	NUM
cblr-9106	353	5	.	.	PUNCT
cblr-9106	353	6	106	106	NUM
cblr-9106	353	7	including	include	VERB
cblr-9106	353	8	on	on	ADP
cblr-9106	353	9	the	the	DET
cblr-9106	353	10	new	new	PROPN
cblr-9106	353	11	york	york	PROPN
cblr-9106	353	12	stock	stock	PROPN
cblr-9106	353	13	exchange	exchange	PROPN
cblr-9106	353	14	and	and	CCONJ
cblr-9106	353	15	nasdaq	nasdaq	PROPN
cblr-9106	353	16	.	.	PUNCT
cblr-9106	354	1	see	see	VERB
cblr-9106	354	2	companies	company	NOUN
cblr-9106	354	3	act	act	VERB
cblr-9106	354	4	2006	2006	NUM
cblr-9106	354	5	c.	c.	NOUN
cblr-9106	354	6	46	46	NUM
cblr-9106	354	7	,	,	PUNCT
cblr-9106	354	8	§	§	PROPN
cblr-9106	354	9	385(2)(c	385(2)(c	NUM
cblr-9106	354	10	)	)	PUNCT
cblr-9106	354	11	(	(	PUNCT
cblr-9106	354	12	eng	eng	PROPN
cblr-9106	354	13	.	.	PUNCT
cblr-9106	354	14	)	)	PUNCT
cblr-9106	354	15	.	.	PUNCT
cblr-9106	355	1	107	107	NUM
cblr-9106	356	1	the	the	DET
cblr-9106	356	2	companies	company	NOUN
cblr-9106	356	3	act	act	VERB
cblr-9106	356	4	2006	2006	NUM
cblr-9106	356	5	(	(	PUNCT
cblr-9106	356	6	strategic	strategic	ADJ
cblr-9106	356	7	report	report	NOUN
cblr-9106	356	8	and	and	CCONJ
cblr-9106	356	9	directors	director	NOUN
cblr-9106	356	10	’	’	PART
cblr-9106	356	11	report	report	NOUN
cblr-9106	356	12	)	)	PUNCT
cblr-9106	356	13	regulations	regulation	NOUN
cblr-9106	356	14	2013	2013	NUM
cblr-9106	356	15	,	,	PUNCT
cblr-9106	356	16	si	si	PROPN
cblr-9106	356	17	2013/1970	2013/1970	NUM
cblr-9106	356	18	,	,	PUNCT
cblr-9106	356	19	pt	pt	X
cblr-9106	356	20	.	.	PROPN
cblr-9106	356	21	7	7	NUM
cblr-9106	356	22	,	,	PUNCT
cblr-9106	356	23	¶¶	¶¶	PROPN
cblr-9106	356	24	15	15	NUM
cblr-9106	356	25	,	,	PUNCT
cblr-9106	356	26	20	20	NUM
cblr-9106	356	27	(	(	PUNCT
cblr-9106	356	28	eng	eng	PROPN
cblr-9106	356	29	.	.	PUNCT
cblr-9106	356	30	)	)	PUNCT
cblr-9106	356	31	.	.	PUNCT
cblr-9106	357	1	108	108	NUM
cblr-9106	357	2	large	large	ADJ
cblr-9106	357	3	and	and	CCONJ
cblr-9106	357	4	medium	medium	ADJ
cblr-9106	357	5	-	-	PUNCT
cblr-9106	357	6	sized	sized	ADJ
cblr-9106	357	7	companies	company	NOUN
cblr-9106	357	8	and	and	CCONJ
cblr-9106	357	9	groups	group	NOUN
cblr-9106	357	10	(	(	PUNCT
cblr-9106	357	11	accounts	account	NOUN
cblr-9106	357	12	and	and	CCONJ
cblr-9106	357	13	reports	report	NOUN
cblr-9106	357	14	)	)	PUNCT
cblr-9106	357	15	regulations	regulation	NOUN
cblr-9106	357	16	2008	2008	NUM
cblr-9106	357	17	,	,	PUNCT
cblr-9106	357	18	si	si	X
cblr-9106	357	19	2008/410	2008/410	NUM
cblr-9106	357	20	,	,	PUNCT
cblr-9106	357	21	pt	pt	X
cblr-9106	357	22	.	.	NOUN
cblr-9106	357	23	7	7	NUM
cblr-9106	357	24	,	,	PUNCT
cblr-9106	357	25	¶	¶	PROPN
cblr-9106	357	26	15	15	NUM
cblr-9106	357	27	(	(	PUNCT
cblr-9106	357	28	eng	eng	PROPN
cblr-9106	357	29	.	.	PUNCT
cblr-9106	357	30	)	)	PUNCT
cblr-9106	357	31	.	.	PUNCT
cblr-9106	358	1	no	no	INTJ
cblr-9106	358	2	.	.	NOUN
cblr-9106	359	1	3:1085	3:1085	NUM
cblr-9106	359	2	]	]	X
cblr-9106	359	3	mandatory	mandatory	ADJ
cblr-9106	359	4	corporate	corporate	ADJ
cblr-9106	359	5	climate	climate	NOUN
cblr-9106	359	6	disclosures	disclosure	NOUN
cblr-9106	359	7	1111	1111	NUM
cblr-9106	359	8	cooling	cool	VERB
cblr-9106	359	9	by	by	ADP
cblr-9106	359	10	the	the	DET
cblr-9106	359	11	company	company	NOUN
cblr-9106	359	12	for	for	ADP
cblr-9106	359	13	its	its	PRON
cblr-9106	359	14	own	own	ADJ
cblr-9106	359	15	use”109	use”109	VERB
cblr-9106	359	16	(	(	PUNCT
cblr-9106	359	17	scope	scope	NOUN
cblr-9106	359	18	2	2	NUM
cblr-9106	359	19	emissions).110	emissions).110	PROPN
cblr-9106	359	20	france	france	PROPN
cblr-9106	359	21	,	,	PUNCT
cblr-9106	359	22	in	in	ADP
cblr-9106	359	23	turn	turn	NOUN
cblr-9106	359	24	,	,	PUNCT
cblr-9106	359	25	seems	seem	VERB
cblr-9106	359	26	to	to	PART
cblr-9106	359	27	have	have	AUX
cblr-9106	359	28	been	be	AUX
cblr-9106	359	29	an	an	DET
cblr-9106	359	30	early	early	ADJ
cblr-9106	359	31	mover	mover	NOUN
cblr-9106	359	32	in	in	ADP
cblr-9106	359	33	the	the	DET
cblr-9106	359	34	direction	direction	NOUN
cblr-9106	359	35	of	of	ADP
cblr-9106	359	36	requiring	require	VERB
cblr-9106	359	37	climate	climate	NOUN
cblr-9106	359	38	risk	risk	NOUN
cblr-9106	359	39	disclosures	disclosure	NOUN
cblr-9106	359	40	.	.	PUNCT
cblr-9106	360	1	its	its	PRON
cblr-9106	360	2	energy	energy	NOUN
cblr-9106	360	3	transition	transition	NOUN
cblr-9106	360	4	law	law	NOUN
cblr-9106	360	5	of	of	ADP
cblr-9106	360	6	2015	2015	NUM
cblr-9106	360	7	imposes	impose	VERB
cblr-9106	360	8	a	a	DET
cblr-9106	360	9	duty	duty	NOUN
cblr-9106	360	10	on	on	ADP
cblr-9106	360	11	large	large	ADJ
cblr-9106	360	12	listed	list	VERB
cblr-9106	360	13	companies	company	NOUN
cblr-9106	360	14	to	to	PART
cblr-9106	360	15	disclose	disclose	VERB
cblr-9106	360	16	their	their	PRON
cblr-9106	360	17	climate	climate	NOUN
cblr-9106	360	18	risk	risk	NOUN
cblr-9106	360	19	exposures	exposure	NOUN
cblr-9106	360	20	,	,	PUNCT
cblr-9106	360	21	the	the	DET
cblr-9106	360	22	measures	measure	NOUN
cblr-9106	360	23	taken	take	VERB
cblr-9106	360	24	to	to	PART
cblr-9106	360	25	mitigate	mitigate	VERB
cblr-9106	360	26	such	such	ADJ
cblr-9106	360	27	risks	risk	NOUN
cblr-9106	360	28	,	,	PUNCT
cblr-9106	360	29	and	and	CCONJ
cblr-9106	360	30	the	the	DET
cblr-9106	360	31	impact	impact	NOUN
cblr-9106	360	32	of	of	ADP
cblr-9106	360	33	their	their	PRON
cblr-9106	360	34	activity	activity	NOUN
cblr-9106	360	35	,	,	PUNCT
cblr-9106	360	36	including	include	VERB
cblr-9106	360	37	not	not	PART
cblr-9106	360	38	only	only	ADV
cblr-9106	360	39	scope	scope	NOUN
cblr-9106	360	40	1	1	NUM
cblr-9106	360	41	and	and	CCONJ
cblr-9106	360	42	2	2	NUM
cblr-9106	360	43	but	but	CCONJ
cblr-9106	360	44	also	also	ADV
cblr-9106	360	45	scope	scope	VERB
cblr-9106	360	46	3	3	NUM
cblr-9106	360	47	emissions	emission	NOUN
cblr-9106	360	48	(	(	PUNCT
cblr-9106	360	49	namely	namely	ADV
cblr-9106	360	50	,	,	PUNCT
cblr-9106	360	51	all	all	DET
cblr-9106	360	52	emissions	emission	NOUN
cblr-9106	360	53	that	that	PRON
cblr-9106	360	54	occur	occur	VERB
cblr-9106	360	55	in	in	ADP
cblr-9106	360	56	a	a	DET
cblr-9106	360	57	company	company	NOUN
cblr-9106	360	58	’s	’s	PART
cblr-9106	360	59	value	value	NOUN
cblr-9106	360	60	chain	chain	NOUN
cblr-9106	360	61	,	,	PUNCT
cblr-9106	360	62	both	both	CCONJ
cblr-9106	360	63	upstream	upstream	ADJ
cblr-9106	360	64	and	and	CCONJ
cblr-9106	360	65	downstream	downstream	ADJ
cblr-9106	360	66	)	)	PUNCT
cblr-9106	360	67	,	,	PUNCT
cblr-9106	360	68	on	on	ADP
cblr-9106	360	69	climate	climate	NOUN
cblr-9106	360	70	change.111	change.111	NOUN
cblr-9106	360	71	yet	yet	ADV
cblr-9106	360	72	,	,	PUNCT
cblr-9106	360	73	this	this	DET
cblr-9106	360	74	requirement	requirement	NOUN
cblr-9106	360	75	applies	apply	VERB
cblr-9106	360	76	only	only	ADV
cblr-9106	360	77	on	on	ADP
cblr-9106	360	78	a	a	DET
cblr-9106	360	79	comply	comply	NOUN
cblr-9106	360	80	or	or	CCONJ
cblr-9106	360	81	explain	explain	VERB
cblr-9106	360	82	basis.112	basis.112	PROPN
cblr-9106	360	83	in	in	ADP
cblr-9106	360	84	other	other	ADJ
cblr-9106	360	85	words	word	NOUN
cblr-9106	360	86	,	,	PUNCT
cblr-9106	360	87	companies	company	NOUN
cblr-9106	360	88	either	either	CCONJ
cblr-9106	360	89	provide	provide	VERB
cblr-9106	360	90	such	such	ADJ
cblr-9106	360	91	disclosures	disclosure	NOUN
cblr-9106	360	92	or	or	CCONJ
cblr-9106	360	93	explain	explain	VERB
cblr-9106	360	94	why	why	SCONJ
cblr-9106	360	95	they	they	PRON
cblr-9106	360	96	choose	choose	VERB
cblr-9106	360	97	not	not	PART
cblr-9106	360	98	to	to	PART
cblr-9106	360	99	.	.	PUNCT
cblr-9106	361	1	while	while	SCONJ
cblr-9106	361	2	national	national	ADJ
cblr-9106	361	3	policymakers	policymaker	NOUN
cblr-9106	361	4	engaged	engage	VERB
cblr-9106	361	5	in	in	ADP
cblr-9106	361	6	these	these	DET
cblr-9106	361	7	timid	timid	ADJ
cblr-9106	361	8	experiments	experiment	NOUN
cblr-9106	361	9	with	with	ADP
cblr-9106	361	10	climate	climate	NOUN
cblr-9106	361	11	-	-	PUNCT
cblr-9106	361	12	related	relate	VERB
cblr-9106	361	13	disclosures	disclosure	NOUN
cblr-9106	361	14	,	,	PUNCT
cblr-9106	361	15	investors	investor	NOUN
cblr-9106	361	16	,	,	PUNCT
cblr-9106	361	17	policymakers	policymaker	NOUN
cblr-9106	361	18	and	and	CCONJ
cblr-9106	361	19	other	other	ADJ
cblr-9106	361	20	stakeholders	stakeholder	NOUN
cblr-9106	361	21	around	around	ADP
cblr-9106	361	22	the	the	DET
cblr-9106	361	23	world	world	NOUN
cblr-9106	361	24	have	have	AUX
cblr-9106	361	25	been	be	AUX
cblr-9106	361	26	championing	champion	VERB
cblr-9106	361	27	the	the	DET
cblr-9106	361	28	creation	creation	NOUN
cblr-9106	361	29	and	and	CCONJ
cblr-9106	361	30	adoption	adoption	NOUN
cblr-9106	361	31	of	of	ADP
cblr-9106	361	32	more	more	ADV
cblr-9106	361	33	ambitious	ambitious	ADJ
cblr-9106	361	34	but	but	CCONJ
cblr-9106	361	35	voluntary	voluntary	ADJ
cblr-9106	361	36	climate	climate	NOUN
cblr-9106	361	37	risks	risk	VERB
cblr-9106	361	38	disclosure	disclosure	NOUN
cblr-9106	361	39	standards	standard	NOUN
cblr-9106	361	40	.	.	PUNCT
cblr-9106	362	1	most	most	ADV
cblr-9106	362	2	consequentially	consequentially	ADV
cblr-9106	362	3	,	,	PUNCT
cblr-9106	362	4	in	in	ADP
cblr-9106	362	5	2017	2017	NUM
cblr-9106	362	6	the	the	DET
cblr-9106	362	7	tcfd	tcfd	NOUN
cblr-9106	362	8	,	,	PUNCT
cblr-9106	362	9	a	a	DET
cblr-9106	362	10	body	body	NOUN
cblr-9106	362	11	set	set	VERB
cblr-9106	362	12	up	up	ADP
cblr-9106	362	13	by	by	ADP
cblr-9106	362	14	the	the	DET
cblr-9106	362	15	financial	financial	ADJ
cblr-9106	362	16	stability	stability	PROPN
cblr-9106	362	17	board	board	NOUN
cblr-9106	362	18	,	,	PUNCT
cblr-9106	362	19	issued	issue	VERB
cblr-9106	362	20	the	the	DET
cblr-9106	362	21	most	most	ADV
cblr-9106	362	22	comprehensive	comprehensive	ADJ
cblr-9106	362	23	109	109	NUM
cblr-9106	362	24	i	i	PROPN
cblr-9106	362	25	d.	d.	NOUN
cblr-9106	362	26	110	110	NUM
cblr-9106	362	27	the	the	DET
cblr-9106	362	28	categorization	categorization	NOUN
cblr-9106	362	29	of	of	ADP
cblr-9106	362	30	the	the	DET
cblr-9106	362	31	“	"	PUNCT
cblr-9106	362	32	scope	scope	NOUN
cblr-9106	362	33	”	"	PUNCT
cblr-9106	362	34	of	of	ADP
cblr-9106	362	35	emissions	emission	NOUN
cblr-9106	362	36	follows	follow	VERB
cblr-9106	362	37	the	the	DET
cblr-9106	362	38	pioneering	pioneer	VERB
cblr-9106	362	39	classification	classification	NOUN
cblr-9106	362	40	of	of	ADP
cblr-9106	362	41	greenhouse	greenhouse	NOUN
cblr-9106	362	42	gas	gas	NOUN
cblr-9106	362	43	protocol	protocol	NOUN
cblr-9106	362	44	,	,	PUNCT
cblr-9106	362	45	a	a	DET
cblr-9106	362	46	partnership	partnership	NOUN
cblr-9106	362	47	between	between	ADP
cblr-9106	362	48	the	the	DET
cblr-9106	362	49	world	world	NOUN
cblr-9106	362	50	resources	resources	PROPN
cblr-9106	362	51	institute	institute	PROPN
cblr-9106	362	52	(	(	PUNCT
cblr-9106	362	53	wri	wri	PROPN
cblr-9106	362	54	)	)	PUNCT
cblr-9106	362	55	and	and	CCONJ
cblr-9106	362	56	the	the	DET
cblr-9106	362	57	business	business	NOUN
cblr-9106	362	58	council	council	NOUN
cblr-9106	362	59	for	for	ADP
cblr-9106	362	60	sustainable	sustainable	ADJ
cblr-9106	362	61	development	development	NOUN
cblr-9106	362	62	(	(	PUNCT
cblr-9106	362	63	wbcsd	wbcsd	PROPN
cblr-9106	362	64	)	)	PUNCT
cblr-9106	362	65	.	.	PUNCT
cblr-9106	363	1	see	see	VERB
cblr-9106	363	2	mary	mary	PROPN
cblr-9106	363	3	sotos	sotos	PROPN
cblr-9106	363	4	,	,	PUNCT
cblr-9106	363	5	greenhouse	greenhouse	NOUN
cblr-9106	363	6	gas	gas	NOUN
cblr-9106	363	7	protocol	protocol	NOUN
cblr-9106	363	8	,	,	PUNCT
cblr-9106	363	9	ghg	ghg	PROPN
cblr-9106	363	10	protocol	protocol	PROPN
cblr-9106	363	11	scope	scope	NOUN
cblr-9106	363	12	2	2	NUM
cblr-9106	363	13	guidance	guidance	NOUN
cblr-9106	363	14	5	5	NUM
cblr-9106	363	15	(	(	PUNCT
cblr-9106	363	16	2020	2020	NUM
cblr-9106	363	17	)	)	PUNCT
cblr-9106	363	18	,	,	PUNCT
cblr-9106	363	19	https://ghgprotocol.org/sites/default/files/standards/scope%202%20guidan	https://ghgprotocol.org/sites/default/files/standards/scope%202%20guidan	PROPN
cblr-9106	363	20	ce_final_sept26.pdf	ce_final_sept26.pdf	NOUN
cblr-9106	363	21	(	(	PUNCT
cblr-9106	363	22	on	on	ADP
cblr-9106	363	23	file	file	NOUN
cblr-9106	363	24	with	with	ADP
cblr-9106	363	25	the	the	DET
cblr-9106	363	26	columbia	columbia	PROPN
cblr-9106	363	27	business	business	PROPN
cblr-9106	363	28	law	law	PROPN
cblr-9106	363	29	review	review	PROPN
cblr-9106	363	30	)	)	PUNCT
cblr-9106	363	31	.	.	PUNCT
cblr-9106	364	1	111	111	NUM
cblr-9106	364	2	code	code	NOUN
cblr-9106	364	3	de	de	X
cblr-9106	364	4	commerce	commerce	PROPN
cblr-9106	364	5	[	[	X
cblr-9106	364	6	c.	c.	PROPN
cblr-9106	364	7	com	com	PROPN
cblr-9106	364	8	.	.	PUNCT
cblr-9106	364	9	]	]	PUNCT
cblr-9106	365	1	[	[	X
cblr-9106	365	2	commercial	commercial	ADJ
cblr-9106	365	3	code	code	NOUN
cblr-9106	365	4	]	]	PUNCT
cblr-9106	365	5	art	art	NOUN
cblr-9106	365	6	.	.	PUNCT
cblr-9106	366	1	l.	l.	NOUN
cblr-9106	366	2	225	225	NUM
cblr-9106	366	3	-	-	SYM
cblr-9106	366	4	102	102	NUM
cblr-9106	366	5	-	-	SYM
cblr-9106	366	6	1	1	NUM
cblr-9106	366	7	,	,	PUNCT
cblr-9106	366	8	r.	r.	NOUN
cblr-9106	366	9	225	225	NUM
cblr-9106	366	10	-	-	SYM
cblr-9106	366	11	104	104	NUM
cblr-9106	366	12	,	,	PUNCT
cblr-9106	366	13	r.	r.	NOUN
cblr-9106	366	14	225	225	NUM
cblr-9106	366	15	-	-	SYM
cblr-9106	366	16	105	105	NUM
cblr-9106	366	17	(	(	PUNCT
cblr-9106	366	18	fr	fr	PROPN
cblr-9106	366	19	.	.	PUNCT
cblr-9106	366	20	)	)	PUNCT
cblr-9106	366	21	.	.	PUNCT
cblr-9106	367	1	112	112	NUM
cblr-9106	367	2	loi	loi	NOUN
cblr-9106	367	3	2015	2015	NUM
cblr-9106	367	4	-	-	SYM
cblr-9106	367	5	992	992	NUM
cblr-9106	367	6	du	du	PROPN
cblr-9106	367	7	17	17	NUM
cblr-9106	367	8	août	août	PROPN
cblr-9106	367	9	2015	2015	NUM
cblr-9106	367	10	relative	relative	ADJ
cblr-9106	367	11	à	à	X
cblr-9106	367	12	la	la	PROPN
cblr-9106	367	13	transition	transition	NOUN
cblr-9106	367	14	energetique	energetique	X
cblr-9106	367	15	pour	pour	VERB
cblr-9106	367	16	la	la	PROPN
cblr-9106	367	17	croissance	croissance	PROPN
cblr-9106	367	18	verte	verte	PROPN
cblr-9106	368	1	[	[	X
cblr-9106	368	2	law	law	NOUN
cblr-9106	368	3	2015	2015	NUM
cblr-9106	368	4	-	-	SYM
cblr-9106	368	5	992	992	NUM
cblr-9106	368	6	of	of	ADP
cblr-9106	368	7	august	august	PROPN
cblr-9106	368	8	17	17	NUM
cblr-9106	368	9	,	,	PUNCT
cblr-9106	368	10	2015	2015	NUM
cblr-9106	368	11	on	on	ADP
cblr-9106	368	12	energy	energy	NOUN
cblr-9106	368	13	transition	transition	NOUN
cblr-9106	368	14	for	for	ADP
cblr-9106	368	15	green	green	ADJ
cblr-9106	368	16	growth	growth	NOUN
cblr-9106	368	17	]	]	PUNCT
cblr-9106	368	18	,	,	PUNCT
cblr-9106	368	19	journal	journal	PROPN
cblr-9106	368	20	officiel	officiel	PROPN
cblr-9106	368	21	de	de	PROPN
cblr-9106	368	22	la	la	PROPN
cblr-9106	368	23	republique	republique	PROPN
cblr-9106	368	24	français	français	PROPN
cblr-9106	369	1	[	[	X
cblr-9106	369	2	j.o	j.o	PROPN
cblr-9106	369	3	.	.	PROPN
cblr-9106	369	4	]	]	PUNCT
cblr-9106	370	1	[	[	X
cblr-9106	370	2	official	official	ADJ
cblr-9106	370	3	gazette	gazette	NOUN
cblr-9106	370	4	of	of	ADP
cblr-9106	370	5	france	france	PROPN
cblr-9106	370	6	]	]	PUNCT
cblr-9106	370	7	,	,	PUNCT
cblr-9106	370	8	aug	aug	PROPN
cblr-9106	370	9	.	.	PROPN
cblr-9106	370	10	17	17	NUM
cblr-9106	370	11	,	,	PUNCT
cblr-9106	370	12	2015	2015	NUM
cblr-9106	370	13	,	,	PUNCT
cblr-9106	370	14	art	art	NOUN
cblr-9106	370	15	.	.	PUNCT
cblr-9106	371	1	173	173	NUM
cblr-9106	371	2	-	-	PUNCT
cblr-9106	371	3	iii	iii	NOUN
cblr-9106	371	4	,	,	PUNCT
cblr-9106	371	5	iv	iv	NUM
cblr-9106	371	6	;	;	PUNCT
cblr-9106	371	7	code	code	PROPN
cblr-9106	371	8	de	de	X
cblr-9106	371	9	commerce	commerce	PROPN
cblr-9106	371	10	[	[	X
cblr-9106	371	11	c.	c.	PROPN
cblr-9106	371	12	com	com	PROPN
cblr-9106	371	13	.	.	PUNCT
cblr-9106	371	14	]	]	PUNCT
cblr-9106	372	1	[	[	X
cblr-9106	372	2	commercial	commercial	ADJ
cblr-9106	372	3	code	code	NOUN
cblr-9106	372	4	]	]	PUNCT
cblr-9106	372	5	art	art	NOUN
cblr-9106	372	6	.	.	PUNCT
cblr-9106	373	1	l.	l.	NOUN
cblr-9106	373	2	225	225	NUM
cblr-9106	373	3	-	-	SYM
cblr-9106	373	4	102	102	NUM
cblr-9106	373	5	-	-	SYM
cblr-9106	373	6	1	1	NUM
cblr-9106	373	7	,	,	PUNCT
cblr-9106	373	8	r.	r.	NOUN
cblr-9106	373	9	225	225	NUM
cblr-9106	373	10	-	-	SYM
cblr-9106	373	11	104	104	NUM
cblr-9106	373	12	,	,	PUNCT
cblr-9106	373	13	r.	r.	NOUN
cblr-9106	373	14	225	225	NUM
cblr-9106	373	15	-	-	SYM
cblr-9106	373	16	105	105	NUM
cblr-9106	373	17	(	(	PUNCT
cblr-9106	373	18	fr	fr	PROPN
cblr-9106	373	19	.	.	PUNCT
cblr-9106	373	20	)	)	PUNCT
cblr-9106	373	21	;	;	PUNCT
cblr-9106	373	22	see	see	VERB
cblr-9106	373	23	webster	webster	PROPN
cblr-9106	373	24	,	,	PUNCT
cblr-9106	373	25	supra	supra	PROPN
cblr-9106	373	26	note	note	PROPN
cblr-9106	373	27	104	104	NUM
cblr-9106	373	28	,	,	PUNCT
cblr-9106	373	29	at	at	ADP
cblr-9106	373	30	301–06	301–06	NUM
cblr-9106	373	31	.	.	PUNCT
cblr-9106	374	1	1112	1112	NUM
cblr-9106	374	2	columbia	columbia	PROPN
cblr-9106	374	3	business	business	NOUN
cblr-9106	374	4	law	law	PROPN
cblr-9106	374	5	review	review	NOUN
cblr-9106	374	6	[	[	X
cblr-9106	374	7	vol	vol	NOUN
cblr-9106	374	8	.	.	PUNCT
cblr-9106	374	9	2021	2021	NUM
cblr-9106	374	10	framework	framework	NOUN
cblr-9106	374	11	for	for	ADP
cblr-9106	374	12	such	such	ADJ
cblr-9106	374	13	disclosures,113	disclosures,113	PROPN
cblr-9106	374	14	with	with	ADP
cblr-9106	374	15	the	the	DET
cblr-9106	374	16	goal	goal	NOUN
cblr-9106	374	17	of	of	ADP
cblr-9106	374	18	replacing	replace	VERB
cblr-9106	374	19	over	over	ADP
cblr-9106	374	20	400	400	NUM
cblr-9106	374	21	existing	exist	VERB
cblr-9106	374	22	initiatives.114	initiatives.114	NOUN
cblr-9106	374	23	the	the	DET
cblr-9106	374	24	tcfd	tcfd	NOUN
cblr-9106	374	25	recommendations	recommendation	NOUN
cblr-9106	374	26	encompass	encompass	VERB
cblr-9106	374	27	both	both	DET
cblr-9106	374	28	transition	transition	NOUN
cblr-9106	374	29	and	and	CCONJ
cblr-9106	374	30	physical	physical	ADJ
cblr-9106	374	31	climate	climate	NOUN
cblr-9106	374	32	risks	risk	NOUN
cblr-9106	374	33	and	and	CCONJ
cblr-9106	374	34	aim	aim	VERB
cblr-9106	374	35	to	to	PART
cblr-9106	374	36	establish	establish	VERB
cblr-9106	374	37	a	a	DET
cblr-9106	374	38	framework	framework	NOUN
cblr-9106	374	39	that	that	PRON
cblr-9106	374	40	will	will	AUX
cblr-9106	374	41	facilitate	facilitate	VERB
cblr-9106	374	42	the	the	DET
cblr-9106	374	43	disclosure	disclosure	NOUN
cblr-9106	374	44	of	of	ADP
cblr-9106	374	45	“	"	PUNCT
cblr-9106	374	46	clear	clear	ADJ
cblr-9106	374	47	,	,	PUNCT
cblr-9106	374	48	comparable	comparable	ADJ
cblr-9106	374	49	and	and	CCONJ
cblr-9106	374	50	consistent	consistent	ADJ
cblr-9106	374	51	information	information	NOUN
cblr-9106	374	52	about	about	ADP
cblr-9106	374	53	the	the	DET
cblr-9106	374	54	risks	risk	NOUN
cblr-9106	374	55	and	and	CCONJ
cblr-9106	374	56	opportunities	opportunity	NOUN
cblr-9106	374	57	presented	present	VERB
cblr-9106	374	58	by	by	ADP
cblr-9106	374	59	climate	climate	NOUN
cblr-9106	374	60	change	change	NOUN
cblr-9106	374	61	.	.	PUNCT
cblr-9106	375	1	”115	”115	PUNCT
cblr-9106	375	2	recommended	recommend	VERB
cblr-9106	375	3	disclosures	disclosure	NOUN
cblr-9106	375	4	include	include	VERB
cblr-9106	375	5	information	information	NOUN
cblr-9106	375	6	about	about	ADP
cblr-9106	375	7	the	the	DET
cblr-9106	375	8	board	board	NOUN
cblr-9106	375	9	’s	’s	PART
cblr-9106	375	10	oversight	oversight	NOUN
cblr-9106	375	11	of	of	ADP
cblr-9106	375	12	climaterelated	climaterelate	VERB
cblr-9106	375	13	risks	risk	NOUN
cblr-9106	375	14	;	;	PUNCT
cblr-9106	375	15	the	the	DET
cblr-9106	375	16	climate	climate	NOUN
cblr-9106	375	17	-	-	PUNCT
cblr-9106	375	18	related	relate	VERB
cblr-9106	375	19	risks	risk	NOUN
cblr-9106	375	20	and	and	CCONJ
cblr-9106	375	21	opportunities	opportunity	NOUN
cblr-9106	375	22	the	the	DET
cblr-9106	375	23	organization	organization	NOUN
cblr-9106	375	24	has	have	AUX
cblr-9106	375	25	identified	identify	VERB
cblr-9106	375	26	over	over	ADP
cblr-9106	375	27	the	the	DET
cblr-9106	375	28	short	short	ADJ
cblr-9106	375	29	,	,	PUNCT
cblr-9106	375	30	medium	medium	ADJ
cblr-9106	375	31	,	,	PUNCT
cblr-9106	375	32	and	and	CCONJ
cblr-9106	375	33	long	long	ADJ
cblr-9106	375	34	term	term	NOUN
cblr-9106	375	35	;	;	PUNCT
cblr-9106	375	36	the	the	DET
cblr-9106	375	37	impact	impact	NOUN
cblr-9106	375	38	of	of	ADP
cblr-9106	375	39	such	such	ADJ
cblr-9106	375	40	risks	risk	NOUN
cblr-9106	375	41	on	on	ADP
cblr-9106	375	42	the	the	DET
cblr-9106	375	43	organization	organization	NOUN
cblr-9106	375	44	’s	’s	PART
cblr-9106	375	45	strategy	strategy	NOUN
cblr-9106	375	46	;	;	PUNCT
cblr-9106	375	47	the	the	DET
cblr-9106	375	48	resilience	resilience	NOUN
cblr-9106	375	49	of	of	ADP
cblr-9106	375	50	the	the	DET
cblr-9106	375	51	organization	organization	NOUN
cblr-9106	375	52	’s	’s	PART
cblr-9106	375	53	strategy	strategy	NOUN
cblr-9106	375	54	considering	consider	VERB
cblr-9106	375	55	different	different	ADJ
cblr-9106	375	56	climate	climate	NOUN
cblr-9106	375	57	-	-	PUNCT
cblr-9106	375	58	related	relate	VERB
cblr-9106	375	59	scenarios	scenario	NOUN
cblr-9106	375	60	;	;	PUNCT
cblr-9106	375	61	and	and	CCONJ
cblr-9106	375	62	climate	climate	NOUN
cblr-9106	375	63	risk	risk	NOUN
cblr-9106	375	64	management.116	management.116	NOUN
cblr-9106	375	65	in	in	ADP
cblr-9106	375	66	addition	addition	NOUN
cblr-9106	375	67	,	,	PUNCT
cblr-9106	375	68	disclosure	disclosure	NOUN
cblr-9106	375	69	is	be	AUX
cblr-9106	375	70	recommended	recommend	VERB
cblr-9106	375	71	on	on	ADP
cblr-9106	375	72	ghg	ghg	PROPN
cblr-9106	375	73	emissions	emission	NOUN
cblr-9106	375	74	,	,	PUNCT
cblr-9106	375	75	the	the	DET
cblr-9106	375	76	related	related	ADJ
cblr-9106	375	77	risks	risk	NOUN
cblr-9106	375	78	,	,	PUNCT
cblr-9106	375	79	and	and	CCONJ
cblr-9106	375	80	the	the	DET
cblr-9106	375	81	targets	target	NOUN
cblr-9106	375	82	and	and	CCONJ
cblr-9106	375	83	metrics	metric	NOUN
cblr-9106	375	84	used	use	VERB
cblr-9106	375	85	by	by	ADP
cblr-9106	375	86	the	the	DET
cblr-9106	375	87	organization	organization	NOUN
cblr-9106	375	88	to	to	PART
cblr-9106	375	89	manage	manage	VERB
cblr-9106	375	90	climate	climate	NOUN
cblr-9106	375	91	-	-	PUNCT
cblr-9106	375	92	related	relate	VERB
cblr-9106	375	93	risks.117	risks.117	VERB
cblr-9106	375	94	the	the	DET
cblr-9106	375	95	tcfd	tcfd	NOUN
cblr-9106	375	96	paved	pave	VERB
cblr-9106	375	97	the	the	DET
cblr-9106	375	98	way	way	NOUN
cblr-9106	375	99	for	for	ADP
cblr-9106	375	100	a	a	DET
cblr-9106	375	101	deluge	deluge	NOUN
cblr-9106	375	102	of	of	ADP
cblr-9106	375	103	initiatives	initiative	NOUN
cblr-9106	375	104	across	across	ADP
cblr-9106	375	105	the	the	DET
cblr-9106	375	106	globe	globe	NOUN
cblr-9106	375	107	pushing	push	VERB
cblr-9106	375	108	for	for	ADP
cblr-9106	375	109	action	action	NOUN
cblr-9106	375	110	based	base	VERB
cblr-9106	375	111	on	on	ADP
cblr-9106	375	112	these	these	DET
cblr-9106	375	113	recommendations	recommendation	NOUN
cblr-9106	375	114	.	.	PUNCT
cblr-9106	376	1	governments	government	NOUN
cblr-9106	376	2	and	and	CCONJ
cblr-9106	376	3	international	international	ADJ
cblr-9106	376	4	standard	standard	NOUN
cblr-9106	376	5	-	-	PUNCT
cblr-9106	376	6	setting	set	VERB
cblr-9106	376	7	bodies	body	NOUN
cblr-9106	376	8	followed	follow	VERB
cblr-9106	376	9	suit.118	suit.118	PROPN
cblr-9106	376	10	to	to	PART
cblr-9106	376	11	mention	mention	VERB
cblr-9106	376	12	but	but	CCONJ
cblr-9106	376	13	a	a	DET
cblr-9106	376	14	few	few	ADJ
cblr-9106	376	15	:	:	PUNCT
cblr-9106	376	16	•	•	ADP
cblr-9106	376	17	the	the	DET
cblr-9106	376	18	united	united	PROPN
cblr-9106	376	19	kingdom	kingdom	PROPN
cblr-9106	376	20	’s	’s	PART
cblr-9106	376	21	financial	financial	ADJ
cblr-9106	376	22	conduct	conduct	NOUN
cblr-9106	376	23	authority	authority	NOUN
cblr-9106	376	24	(	(	PUNCT
cblr-9106	376	25	fca	fca	PROPN
cblr-9106	376	26	)	)	PUNCT
cblr-9106	376	27	brought	bring	VERB
cblr-9106	376	28	in	in	ADP
cblr-9106	376	29	a	a	DET
cblr-9106	376	30	new	new	ADJ
cblr-9106	376	31	listing	listing	NOUN
cblr-9106	376	32	rule	rule	NOUN
cblr-9106	376	33	to	to	ADP
cblr-9106	376	34	113	113	NUM
cblr-9106	376	35	task	task	NOUN
cblr-9106	376	36	force	force	NOUN
cblr-9106	376	37	on	on	ADP
cblr-9106	376	38	climate	climate	NOUN
cblr-9106	376	39	-	-	PUNCT
cblr-9106	376	40	related	relate	VERB
cblr-9106	376	41	fin	fin	NOUN
cblr-9106	376	42	.	.	PUNCT
cblr-9106	377	1	disclosures	disclosure	NOUN
cblr-9106	377	2	,	,	PUNCT
cblr-9106	377	3	supra	supra	PROPN
cblr-9106	377	4	note	note	NOUN
cblr-9106	377	5	41	41	NUM
cblr-9106	377	6	,	,	PUNCT
cblr-9106	377	7	at	at	ADP
cblr-9106	377	8	iii	iii	PROPN
cblr-9106	377	9	–	–	PUNCT
cblr-9106	377	10	iv	iv	NUM
cblr-9106	377	11	.	.	NOUN
cblr-9106	377	12	114	114	NUM
cblr-9106	377	13	fin	fin	NOUN
cblr-9106	377	14	.	.	PUNCT
cblr-9106	378	1	stability	stability	PROPN
cblr-9106	378	2	bd	bd	PROPN
cblr-9106	378	3	.	.	PROPN
cblr-9106	378	4	,	,	PUNCT
cblr-9106	378	5	proposal	proposal	NOUN
cblr-9106	378	6	for	for	ADP
cblr-9106	378	7	a	a	DET
cblr-9106	378	8	disclosure	disclosure	NOUN
cblr-9106	378	9	task	task	NOUN
cblr-9106	378	10	force	force	NOUN
cblr-9106	378	11	on	on	ADP
cblr-9106	378	12	climate	climate	NOUN
cblr-9106	378	13	-	-	PUNCT
cblr-9106	378	14	related	relate	VERB
cblr-9106	378	15	risks	risk	NOUN
cblr-9106	378	16	2	2	NUM
cblr-9106	378	17	(	(	PUNCT
cblr-9106	378	18	nov	nov	PROPN
cblr-9106	378	19	.	.	PROPN
cblr-9106	378	20	9	9	NUM
cblr-9106	378	21	,	,	PUNCT
cblr-9106	378	22	2015	2015	NUM
cblr-9106	378	23	)	)	PUNCT
cblr-9106	378	24	,	,	PUNCT
cblr-9106	378	25	https://www.fsb.org/wpcontent/uploads/disclosure-task-force-on-climate-related-risks.pdf	https://www.fsb.org/wpcontent/uploads/disclosure-task-force-on-climate-related-risks.pdf	PROPN
cblr-9106	378	26	[	[	X
cblr-9106	378	27	https://perma.cc/pcx3-bxad	https://perma.cc/pcx3-bxad	X
cblr-9106	378	28	]	]	PUNCT
cblr-9106	378	29	(	(	PUNCT
cblr-9106	378	30	“	"	PUNCT
cblr-9106	378	31	[	[	X
cblr-9106	378	32	i]t	i]t	PROPN
cblr-9106	378	33	has	have	AUX
cblr-9106	378	34	been	be	AUX
cblr-9106	378	35	estimated	estimate	VERB
cblr-9106	378	36	that	that	SCONJ
cblr-9106	378	37	there	there	PRON
cblr-9106	378	38	are	be	VERB
cblr-9106	378	39	almost	almost	ADV
cblr-9106	378	40	400	400	NUM
cblr-9106	378	41	information	information	NOUN
cblr-9106	378	42	disclosure	disclosure	NOUN
cblr-9106	378	43	schemes	scheme	NOUN
cblr-9106	378	44	relating	relate	VERB
cblr-9106	378	45	to	to	ADP
cblr-9106	378	46	climate	climate	NOUN
cblr-9106	378	47	or	or	CCONJ
cblr-9106	378	48	sustainability	sustainability	NOUN
cblr-9106	378	49	in	in	ADP
cblr-9106	378	50	existence	existence	NOUN
cblr-9106	378	51	[	[	X
cblr-9106	378	52	.	.	X
cblr-9106	378	53	]	]	X
cblr-9106	378	54	”	"	PUNCT
cblr-9106	378	55	)	)	PUNCT
cblr-9106	378	56	.	.	PUNCT
cblr-9106	379	1	these	these	PRON
cblr-9106	379	2	include	include	VERB
cblr-9106	379	3	frameworks	framework	NOUN
cblr-9106	379	4	developed	develop	VERB
cblr-9106	379	5	by	by	ADP
cblr-9106	379	6	the	the	DET
cblr-9106	379	7	carbon	carbon	NOUN
cblr-9106	379	8	disclosure	disclosure	NOUN
cblr-9106	379	9	project	project	NOUN
cblr-9106	379	10	(	(	PUNCT
cblr-9106	379	11	cdp	cdp	NOUN
cblr-9106	379	12	)	)	PUNCT
cblr-9106	379	13	,	,	PUNCT
cblr-9106	379	14	the	the	DET
cblr-9106	379	15	climate	climate	NOUN
cblr-9106	379	16	disclosure	disclosure	NOUN
cblr-9106	379	17	standards	standard	NOUN
cblr-9106	379	18	board	board	NOUN
cblr-9106	379	19	(	(	PUNCT
cblr-9106	379	20	cdsb	cdsb	PROPN
cblr-9106	379	21	)	)	PUNCT
cblr-9106	379	22	,	,	PUNCT
cblr-9106	379	23	the	the	DET
cblr-9106	379	24	global	global	ADJ
cblr-9106	379	25	reporting	reporting	NOUN
cblr-9106	379	26	initiative	initiative	NOUN
cblr-9106	379	27	(	(	PUNCT
cblr-9106	379	28	gri	gri	PROPN
cblr-9106	379	29	)	)	PUNCT
cblr-9106	379	30	,	,	PUNCT
cblr-9106	379	31	and	and	CCONJ
cblr-9106	379	32	the	the	DET
cblr-9106	379	33	sustainability	sustainability	NOUN
cblr-9106	379	34	accounting	accounting	NOUN
cblr-9106	379	35	standards	standard	NOUN
cblr-9106	379	36	board	board	NOUN
cblr-9106	379	37	(	(	PUNCT
cblr-9106	379	38	sasb	sasb	NOUN
cblr-9106	379	39	)	)	PUNCT
cblr-9106	379	40	.	.	PUNCT
cblr-9106	380	1	for	for	ADP
cblr-9106	380	2	an	an	DET
cblr-9106	380	3	overview	overview	NOUN
cblr-9106	380	4	,	,	PUNCT
cblr-9106	380	5	see	see	VERB
cblr-9106	380	6	task	task	NOUN
cblr-9106	380	7	force	force	NOUN
cblr-9106	380	8	on	on	ADP
cblr-9106	380	9	climate	climate	NOUN
cblr-9106	380	10	-	-	PUNCT
cblr-9106	380	11	related	relate	VERB
cblr-9106	380	12	fin	fin	NOUN
cblr-9106	380	13	.	.	PUNCT
cblr-9106	381	1	disclosures	disclosure	NOUN
cblr-9106	381	2	,	,	PUNCT
cblr-9106	381	3	supra	supra	PROPN
cblr-9106	381	4	note	note	PROPN
cblr-9106	381	5	41	41	NUM
cblr-9106	381	6	,	,	PUNCT
cblr-9106	381	7	app	app	X
cblr-9106	381	8	.	.	PROPN
cblr-9106	381	9	4	4	NUM
cblr-9106	381	10	.	.	NOUN
cblr-9106	381	11	115	115	NUM
cblr-9106	381	12	task	task	NOUN
cblr-9106	381	13	force	force	NOUN
cblr-9106	381	14	on	on	ADP
cblr-9106	381	15	climate	climate	NOUN
cblr-9106	381	16	-	-	PUNCT
cblr-9106	381	17	related	relate	VERB
cblr-9106	381	18	fin	fin	NOUN
cblr-9106	381	19	.	.	PUNCT
cblr-9106	382	1	disclosures	disclosure	NOUN
cblr-9106	382	2	,	,	PUNCT
cblr-9106	382	3	supra	supra	PROPN
cblr-9106	382	4	note	note	NOUN
cblr-9106	382	5	41	41	NUM
cblr-9106	382	6	,	,	PUNCT
cblr-9106	382	7	at	at	ADP
cblr-9106	382	8	i.	i.	PROPN
cblr-9106	382	9	116	116	NUM
cblr-9106	383	1	i	i	PRON
cblr-9106	383	2	d.	d.	PROPN
cblr-9106	383	3	at	at	ADP
cblr-9106	383	4	19–21	19–21	PROPN
cblr-9106	383	5	.	.	PUNCT
cblr-9106	384	1	117	117	NUM
cblr-9106	385	1	i	i	PROPN
cblr-9106	385	2	d.	d.	PROPN
cblr-9106	385	3	at	at	ADP
cblr-9106	385	4	36	36	NUM
cblr-9106	385	5	.	.	PUNCT
cblr-9106	385	6	118	118	NUM
cblr-9106	385	7	for	for	ADP
cblr-9106	385	8	an	an	DET
cblr-9106	385	9	overview	overview	NOUN
cblr-9106	385	10	,	,	PUNCT
cblr-9106	385	11	see	see	VERB
cblr-9106	385	12	janis	janis	PROPN
cblr-9106	385	13	sarra	sarra	PROPN
cblr-9106	385	14	,	,	PUNCT
cblr-9106	385	15	from	from	ADP
cblr-9106	385	16	ideas	idea	NOUN
cblr-9106	385	17	to	to	ADP
cblr-9106	385	18	action	action	NOUN
cblr-9106	385	19	,	,	PUNCT
cblr-9106	385	20	145–98	145–98	NUM
cblr-9106	385	21	(	(	PUNCT
cblr-9106	385	22	2020	2020	NUM
cblr-9106	385	23	)	)	PUNCT
cblr-9106	385	24	.	.	PUNCT
cblr-9106	386	1	no	no	INTJ
cblr-9106	386	2	.	.	NOUN
cblr-9106	387	1	3:1085	3:1085	NUM
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cblr-9106	387	3	mandatory	mandatory	ADJ
cblr-9106	387	4	corporate	corporate	ADJ
cblr-9106	387	5	climate	climate	NOUN
cblr-9106	387	6	disclosures	disclosure	NOUN
cblr-9106	387	7	1113	1113	NUM
cblr-9106	387	8	increase	increase	NOUN
cblr-9106	387	9	transparency	transparency	NOUN
cblr-9106	387	10	in	in	ADP
cblr-9106	387	11	the	the	DET
cblr-9106	387	12	way	way	NOUN
cblr-9106	387	13	companies	company	NOUN
cblr-9106	387	14	address	address	VERB
cblr-9106	387	15	climate	climate	NOUN
cblr-9106	387	16	-	-	PUNCT
cblr-9106	387	17	related	relate	VERB
cblr-9106	387	18	risks.119	risks.119	NOUN
cblr-9106	387	19	this	this	DET
cblr-9106	387	20	rule	rule	NOUN
cblr-9106	387	21	applies	apply	VERB
cblr-9106	387	22	to	to	ADP
cblr-9106	387	23	premium	premium	NOUN
cblr-9106	387	24	-	-	PUNCT
cblr-9106	387	25	listed	list	VERB
cblr-9106	387	26	commercial	commercial	ADJ
cblr-9106	387	27	companies	company	NOUN
cblr-9106	387	28	and	and	CCONJ
cblr-9106	387	29	requires	require	VERB
cblr-9106	387	30	the	the	DET
cblr-9106	387	31	disclosure	disclosure	NOUN
cblr-9106	387	32	of	of	ADP
cblr-9106	387	33	information	information	NOUN
cblr-9106	387	34	in	in	ADP
cblr-9106	387	35	annual	annual	ADJ
cblr-9106	387	36	reports	report	NOUN
cblr-9106	387	37	in	in	ADP
cblr-9106	387	38	line	line	NOUN
cblr-9106	387	39	with	with	ADP
cblr-9106	387	40	the	the	DET
cblr-9106	387	41	tcfd	tcfd	NOUN
cblr-9106	387	42	recommendations,120	recommendations,120	ADV
cblr-9106	387	43	albeit	albeit	SCONJ
cblr-9106	387	44	only	only	ADV
cblr-9106	387	45	on	on	ADP
cblr-9106	387	46	a	a	DET
cblr-9106	387	47	comply	comply	NOUN
cblr-9106	387	48	or	or	CCONJ
cblr-9106	387	49	explain	explain	VERB
cblr-9106	387	50	basis	basis	NOUN
cblr-9106	387	51	.	.	PUNCT
cblr-9106	388	1	•	•	NOUN
cblr-9106	388	2	in	in	ADP
cblr-9106	388	3	the	the	DET
cblr-9106	388	4	european	european	PROPN
cblr-9106	388	5	union	union	PROPN
cblr-9106	388	6	,	,	PUNCT
cblr-9106	388	7	a	a	DET
cblr-9106	388	8	european	european	ADJ
cblr-9106	388	9	commission	commission	PROPN
cblr-9106	388	10	communication	communication	NOUN
cblr-9106	388	11	provides	provide	VERB
cblr-9106	388	12	guidelines	guideline	NOUN
cblr-9106	388	13	on	on	ADP
cblr-9106	388	14	climaterelated	climaterelate	VERB
cblr-9106	388	15	reporting121	reporting121	PROPN
cblr-9106	388	16	broadly	broadly	ADV
cblr-9106	388	17	in	in	ADP
cblr-9106	388	18	line	line	NOUN
cblr-9106	388	19	with	with	ADP
cblr-9106	388	20	the	the	DET
cblr-9106	388	21	tcfd	tcfd	NOUN
cblr-9106	388	22	recommendations	recommendation	NOUN
cblr-9106	388	23	,	,	PUNCT
cblr-9106	388	24	within	within	ADP
cblr-9106	388	25	the	the	DET
cblr-9106	388	26	framework	framework	NOUN
cblr-9106	388	27	of	of	ADP
cblr-9106	388	28	the	the	DET
cblr-9106	388	29	e.u	e.u	PROPN
cblr-9106	388	30	.	.	PUNCT
cblr-9106	389	1	non	non	ADJ
cblr-9106	389	2	-	-	ADJ
cblr-9106	389	3	financial	financial	ADJ
cblr-9106	389	4	reporting	reporting	NOUN
cblr-9106	389	5	directive.122	directive.122	PROPN
cblr-9106	389	6	•	•	NOUN
cblr-9106	389	7	the	the	DET
cblr-9106	389	8	international	international	ADJ
cblr-9106	389	9	accounting	accounting	NOUN
cblr-9106	389	10	standards	standard	NOUN
cblr-9106	389	11	board	board	NOUN
cblr-9106	389	12	,	,	PUNCT
cblr-9106	389	13	which	which	PRON
cblr-9106	389	14	is	be	AUX
cblr-9106	389	15	the	the	DET
cblr-9106	389	16	body	body	NOUN
cblr-9106	389	17	in	in	ADP
cblr-9106	389	18	charge	charge	NOUN
cblr-9106	389	19	of	of	ADP
cblr-9106	389	20	setting	set	VERB
cblr-9106	389	21	the	the	DET
cblr-9106	389	22	international	international	ADJ
cblr-9106	389	23	financial	financial	ADJ
cblr-9106	389	24	reporting	reporting	NOUN
cblr-9106	389	25	standards	standard	NOUN
cblr-9106	389	26	(	(	PUNCT
cblr-9106	389	27	ifrs	ifrs	NOUN
cblr-9106	389	28	)	)	PUNCT
cblr-9106	389	29	on	on	ADP
cblr-9106	389	30	behalf	behalf	NOUN
cblr-9106	389	31	of	of	ADP
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cblr-9106	389	33	ifrs	ifrs	PROPN
cblr-9106	389	34	foundation	foundation	PROPN
cblr-9106	389	35	,	,	PUNCT
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cblr-9106	389	37	issued	issue	VERB
cblr-9106	389	38	a	a	DET
cblr-9106	389	39	statement	statement	NOUN
cblr-9106	389	40	and	and	CCONJ
cblr-9106	389	41	educational	educational	ADJ
cblr-9106	389	42	materials	material	NOUN
cblr-9106	389	43	to	to	PART
cblr-9106	389	44	clarify	clarify	VERB
cblr-9106	389	45	how	how	SCONJ
cblr-9106	389	46	climate	climate	NOUN
cblr-9106	389	47	change	change	NOUN
cblr-9106	389	48	risks	risk	NOUN
cblr-9106	389	49	could	could	AUX
cblr-9106	389	50	be	be	AUX
cblr-9106	389	51	addressed	address	VERB
cblr-9106	389	52	through	through	ADP
cblr-9106	389	53	the	the	DET
cblr-9106	389	54	existing	exist	VERB
cblr-9106	389	55	ifrs,123	ifrs,123	NOUN
cblr-9106	389	56	the	the	DET
cblr-9106	389	57	accounting	accounting	NOUN
cblr-9106	389	58	standards	standard	NOUN
cblr-9106	389	59	applying	apply	VERB
cblr-9106	389	60	to	to	ADP
cblr-9106	389	61	listed	list	VERB
cblr-9106	389	62	firms	firm	NOUN
cblr-9106	389	63	in	in	ADP
cblr-9106	389	64	fifteen	fifteen	NUM
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cblr-9106	389	66	of	of	ADP
cblr-9106	389	67	119	119	NUM
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cblr-9106	389	69	.	.	PUNCT
cblr-9106	389	70	conduct	conduct	VERB
cblr-9106	389	71	auth	auth	PRON
cblr-9106	389	72	.	.	PUNCT
cblr-9106	389	73	,	,	PUNCT
cblr-9106	389	74	proposals	proposal	NOUN
cblr-9106	389	75	to	to	PART
cblr-9106	389	76	enhance	enhance	VERB
cblr-9106	389	77	climate	climate	NOUN
cblr-9106	389	78	-	-	PUNCT
cblr-9106	389	79	related	relate	VERB
cblr-9106	389	80	disclosures	disclosure	NOUN
cblr-9106	389	81	by	by	ADP
cblr-9106	389	82	listed	list	VERB
cblr-9106	389	83	issuers	issuer	NOUN
cblr-9106	389	84	and	and	CCONJ
cblr-9106	389	85	clarification	clarification	NOUN
cblr-9106	389	86	of	of	ADP
cblr-9106	389	87	existing	exist	VERB
cblr-9106	389	88	disclosure	disclosure	NOUN
cblr-9106	389	89	obligations	obligation	NOUN
cblr-9106	389	90	3	3	NUM
cblr-9106	389	91	(	(	PUNCT
cblr-9106	389	92	2020	2020	NUM
cblr-9106	389	93	)	)	PUNCT
cblr-9106	389	94	,	,	PUNCT
cblr-9106	389	95	https://www.fca.org.uk/publication/policy/ps20-17.pdf	https://www.fca.org.uk/publication/policy/ps20-17.pdf	NOUN
cblr-9106	390	1	[	[	X
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cblr-9106	390	3	]	]	X
cblr-9106	390	4	.	.	PUNCT
cblr-9106	391	1	120	120	NUM
cblr-9106	391	2	see	see	VERB
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cblr-9106	391	10	158	158	NUM
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cblr-9106	392	1	comm’n	comm’n	NOUN
cblr-9106	393	1	,	,	PUNCT
cblr-9106	393	2	guidelines	guideline	NOUN
cblr-9106	393	3	on	on	ADP
cblr-9106	393	4	non	non	ADJ
cblr-9106	393	5	-	-	ADJ
cblr-9106	393	6	financial	financial	ADJ
cblr-9106	393	7	reporting	reporting	NOUN
cblr-9106	393	8	:	:	PUNCT
cblr-9106	393	9	supplement	supplement	NOUN
cblr-9106	393	10	on	on	ADP
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cblr-9106	393	13	-	-	PUNCT
cblr-9106	393	14	related	relate	VERB
cblr-9106	393	15	information	information	NOUN
cblr-9106	393	16	6–26	6–26	NOUN
cblr-9106	393	17	(	(	PUNCT
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cblr-9106	393	19	)	)	PUNCT
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cblr-9106	395	1	note	note	VERB
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cblr-9106	395	6	a	a	DET
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cblr-9106	395	8	-	-	ADJ
cblr-9106	395	9	binding	binding	ADJ
cblr-9106	395	10	legal	legal	ADJ
cblr-9106	395	11	instrument	instrument	NOUN
cblr-9106	395	12	which	which	PRON
cblr-9106	395	13	represents	represent	VERB
cblr-9106	395	14	the	the	DET
cblr-9106	395	15	european	european	PROPN
cblr-9106	395	16	commission	commission	PROPN
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cblr-9106	395	28	-	-	PUNCT
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cblr-9106	395	30	-	-	PUNCT
cblr-9106	395	31	vis	vis	X
cblr-9106	395	32	neither	neither	CCONJ
cblr-9106	395	33	the	the	DET
cblr-9106	395	34	member	member	NOUN
cblr-9106	395	35	states	state	NOUN
cblr-9106	395	36	’	’	PART
cblr-9106	395	37	governments	government	NOUN
cblr-9106	395	38	and	and	CCONJ
cblr-9106	395	39	courts	court	NOUN
cblr-9106	395	40	nor	nor	CCONJ
cblr-9106	395	41	private	private	ADJ
cblr-9106	395	42	parties	party	NOUN
cblr-9106	395	43	.	.	PUNCT
cblr-9106	396	1	see	see	VERB
cblr-9106	396	2	communication	communication	NOUN
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cblr-9106	397	4	(	(	PUNCT
cblr-9106	397	5	last	last	ADV
cblr-9106	397	6	visited	visit	VERB
cblr-9106	397	7	dec	dec	PROPN
cblr-9106	397	8	.	.	PROPN
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cblr-9106	398	1	122	122	NUM
cblr-9106	398	2	see	see	VERB
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cblr-9106	398	5	/	/	SYM
cblr-9106	398	6	eu	eu	PROPN
cblr-9106	398	7	,	,	PUNCT
cblr-9106	398	8	of	of	ADP
cblr-9106	398	9	the	the	DET
cblr-9106	398	10	european	european	ADJ
cblr-9106	398	11	parliament	parliament	NOUN
cblr-9106	398	12	and	and	CCONJ
cblr-9106	398	13	of	of	ADP
cblr-9106	398	14	the	the	DET
cblr-9106	398	15	council	council	NOUN
cblr-9106	398	16	of	of	ADP
cblr-9106	398	17	22	22	NUM
cblr-9106	398	18	october	october	PROPN
cblr-9106	398	19	2014	2014	NUM
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cblr-9106	398	21	directive	directive	NOUN
cblr-9106	398	22	2013/34	2013/34	NUM
cblr-9106	398	23	/	/	SYM
cblr-9106	398	24	eu	eu	PROPN
cblr-9106	398	25	,	,	PUNCT
cblr-9106	398	26	2014	2014	NUM
cblr-9106	398	27	o.j	o.j	PROPN
cblr-9106	398	28	.	.	PUNCT
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cblr-9106	398	33	1	1	NUM
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cblr-9106	398	35	123	123	NUM
cblr-9106	398	36	nick	nick	PROPN
cblr-9106	398	37	anderson	anderson	PROPN
cblr-9106	398	38	,	,	PUNCT
cblr-9106	398	39	climate	climate	NOUN
cblr-9106	398	40	-	-	PUNCT
cblr-9106	398	41	related	relate	VERB
cblr-9106	398	42	and	and	CCONJ
cblr-9106	398	43	other	other	ADJ
cblr-9106	398	44	emerging	emerge	VERB
cblr-9106	398	45	risks	risk	NOUN
cblr-9106	398	46	disclosures	disclosure	NOUN
cblr-9106	398	47	:	:	PUNCT
cblr-9106	398	48	assessing	assess	VERB
cblr-9106	398	49	financial	financial	ADJ
cblr-9106	398	50	statement	statement	NOUN
cblr-9106	398	51	materiality	materiality	NOUN
cblr-9106	398	52	(	(	PUNCT
cblr-9106	398	53	2019	2019	NUM
cblr-9106	398	54	)	)	PUNCT
cblr-9106	398	55	,	,	PUNCT
cblr-9106	398	56	https://www.ifrs.org/content/dam/ifrs/news/2019/november/in-briefclimate-change-nick-anderson.pdf	https://www.ifrs.org/content/dam/ifrs/news/2019/november/in-briefclimate-change-nick-anderson.pdf	PROPN
cblr-9106	398	57	[	[	X
cblr-9106	398	58	https://perma.cc/t7q4-xhbx	https://perma.cc/t7q4-xhbx	X
cblr-9106	398	59	]	]	PUNCT
cblr-9106	398	60	.	.	PUNCT
cblr-9106	399	1	1114	1114	NUM
cblr-9106	399	2	columbia	columbia	PROPN
cblr-9106	399	3	business	business	NOUN
cblr-9106	399	4	law	law	PROPN
cblr-9106	399	5	review	review	NOUN
cblr-9106	399	6	[	[	X
cblr-9106	399	7	vol	vol	NOUN
cblr-9106	399	8	.	.	PUNCT
cblr-9106	399	9	2021	2021	NUM
cblr-9106	399	10	the	the	DET
cblr-9106	399	11	countries	country	NOUN
cblr-9106	399	12	comprising	comprise	VERB
cblr-9106	399	13	the	the	DET
cblr-9106	399	14	group	group	NOUN
cblr-9106	399	15	of	of	ADP
cblr-9106	399	16	twenty	twenty	NUM
cblr-9106	399	17	(	(	PUNCT
cblr-9106	399	18	or	or	CCONJ
cblr-9106	399	19	g20).124	g20).124	PROPN
cblr-9106	399	20	in	in	ADP
cblr-9106	399	21	addition	addition	NOUN
cblr-9106	399	22	,	,	PUNCT
cblr-9106	399	23	the	the	DET
cblr-9106	399	24	trustees	trustee	NOUN
cblr-9106	399	25	of	of	ADP
cblr-9106	399	26	the	the	DET
cblr-9106	399	27	ifrs	ifrs	PROPN
cblr-9106	399	28	foundation	foundation	PROPN
cblr-9106	399	29	published	publish	VERB
cblr-9106	399	30	a	a	DET
cblr-9106	399	31	consultation	consultation	NOUN
cblr-9106	399	32	paper	paper	NOUN
cblr-9106	399	33	in	in	ADP
cblr-9106	399	34	september	september	PROPN
cblr-9106	399	35	2020.125	2020.125	NUM
cblr-9106	399	36	the	the	DET
cblr-9106	399	37	ifrs	ifrs	PROPN
cblr-9106	399	38	foundation	foundation	PROPN
cblr-9106	399	39	’s	’s	PART
cblr-9106	399	40	proposal	proposal	NOUN
cblr-9106	399	41	may	may	AUX
cblr-9106	399	42	lead	lead	VERB
cblr-9106	399	43	to	to	ADP
cblr-9106	399	44	the	the	DET
cblr-9106	399	45	establishment	establishment	NOUN
cblr-9106	399	46	of	of	ADP
cblr-9106	399	47	a	a	DET
cblr-9106	399	48	sustainability	sustainability	NOUN
cblr-9106	399	49	standards	standard	NOUN
cblr-9106	399	50	board.126	board.126	VERB
cblr-9106	399	51	the	the	DET
cblr-9106	399	52	tcfd	tcfd	NOUN
cblr-9106	399	53	has	have	AUX
cblr-9106	399	54	attracted	attract	VERB
cblr-9106	399	55	widespread	widespread	ADJ
cblr-9106	399	56	support	support	NOUN
cblr-9106	399	57	from	from	ADP
cblr-9106	399	58	market	market	NOUN
cblr-9106	399	59	players	player	NOUN
cblr-9106	399	60	,	,	PUNCT
cblr-9106	399	61	particularly	particularly	ADV
cblr-9106	399	62	in	in	ADP
cblr-9106	399	63	the	the	DET
cblr-9106	399	64	financial	financial	ADJ
cblr-9106	399	65	sector	sector	NOUN
cblr-9106	399	66	,	,	PUNCT
cblr-9106	399	67	with	with	ADP
cblr-9106	399	68	over	over	ADP
cblr-9106	399	69	1,340	1,340	NUM
cblr-9106	399	70	companies	company	NOUN
cblr-9106	399	71	with	with	ADP
cblr-9106	399	72	a	a	DET
cblr-9106	399	73	total	total	ADJ
cblr-9106	399	74	market	market	NOUN
cblr-9106	399	75	capitalization	capitalization	NOUN
cblr-9106	399	76	of	of	ADP
cblr-9106	399	77	$	$	SYM
cblr-9106	399	78	12.6	12.6	NUM
cblr-9106	399	79	trillion	trillion	NUM
cblr-9106	399	80	backing	back	VERB
cblr-9106	399	81	it	it	PRON
cblr-9106	399	82	as	as	ADP
cblr-9106	399	83	of	of	ADP
cblr-9106	399	84	2020.127	2020.127	NUM
cblr-9106	399	85	but	but	CCONJ
cblr-9106	399	86	to	to	PART
cblr-9106	399	87	express	express	VERB
cblr-9106	399	88	support	support	NOUN
cblr-9106	399	89	for	for	ADP
cblr-9106	399	90	an	an	DET
cblr-9106	399	91	initiative	initiative	NOUN
cblr-9106	399	92	does	do	AUX
cblr-9106	399	93	not	not	PART
cblr-9106	399	94	necessarily	necessarily	ADV
cblr-9106	399	95	imply	imply	VERB
cblr-9106	399	96	that	that	SCONJ
cblr-9106	399	97	firms	firm	NOUN
cblr-9106	399	98	also	also	ADV
cblr-9106	399	99	diligently	diligently	ADV
cblr-9106	399	100	follow	follow	VERB
cblr-9106	399	101	its	its	PRON
cblr-9106	399	102	prescriptions	prescription	NOUN
cblr-9106	399	103	,	,	PUNCT
cblr-9106	399	104	let	let	VERB
cblr-9106	399	105	alone	alone	ADV
cblr-9106	399	106	that	that	SCONJ
cblr-9106	399	107	these	these	DET
cblr-9106	399	108	steps	step	NOUN
cblr-9106	399	109	are	be	AUX
cblr-9106	399	110	sufficient	sufficient	ADJ
cblr-9106	399	111	.	.	PUNCT
cblr-9106	400	1	ultimately	ultimately	ADV
cblr-9106	400	2	,	,	PUNCT
cblr-9106	400	3	the	the	DET
cblr-9106	400	4	litmus	litmus	NOUN
cblr-9106	400	5	test	test	NOUN
cblr-9106	400	6	for	for	ADP
cblr-9106	400	7	the	the	DET
cblr-9106	400	8	impact	impact	NOUN
cblr-9106	400	9	of	of	ADP
cblr-9106	400	10	this	this	DET
cblr-9106	400	11	voluntary	voluntary	ADJ
cblr-9106	400	12	initiative	initiative	NOUN
cblr-9106	400	13	will	will	AUX
cblr-9106	400	14	be	be	AUX
cblr-9106	400	15	whether	whether	SCONJ
cblr-9106	400	16	it	it	PRON
cblr-9106	400	17	leads	lead	VERB
cblr-9106	400	18	to	to	ADP
cblr-9106	400	19	disclosures	disclosure	NOUN
cblr-9106	400	20	that	that	PRON
cblr-9106	400	21	are	be	AUX
cblr-9106	400	22	considered	consider	VERB
cblr-9106	400	23	sufficient	sufficient	ADJ
cblr-9106	400	24	by	by	ADP
cblr-9106	400	25	market	market	NOUN
cblr-9106	400	26	participants	participant	NOUN
cblr-9106	400	27	.	.	PUNCT
cblr-9106	401	1	in	in	ADP
cblr-9106	401	2	2019	2019	NUM
cblr-9106	401	3	,	,	PUNCT
cblr-9106	401	4	three	three	NUM
cblr-9106	401	5	quarters	quarter	NOUN
cblr-9106	401	6	of	of	ADP
cblr-9106	401	7	users	user	NOUN
cblr-9106	401	8	of	of	ADP
cblr-9106	401	9	climate	climate	NOUN
cblr-9106	401	10	disclosures	disclosure	NOUN
cblr-9106	401	11	said	say	VERB
cblr-9106	401	12	that	that	SCONJ
cblr-9106	401	13	more	more	ADJ
cblr-9106	401	14	information	information	NOUN
cblr-9106	401	15	is	be	AUX
cblr-9106	401	16	needed	need	VERB
cblr-9106	401	17	on	on	ADP
cblr-9106	401	18	the	the	DET
cblr-9106	401	19	financial	financial	ADJ
cblr-9106	401	20	impact	impact	NOUN
cblr-9106	401	21	of	of	ADP
cblr-9106	401	22	climate	climate	NOUN
cblr-9106	401	23	risks.128	risks.128	NOUN
cblr-9106	401	24	similarly	similarly	ADV
cblr-9106	401	25	,	,	PUNCT
cblr-9106	401	26	the	the	DET
cblr-9106	401	27	2020	2020	NUM
cblr-9106	401	28	tcfd	tcfd	NOUN
cblr-9106	401	29	status	status	NOUN
cblr-9106	401	30	report	report	NOUN
cblr-9106	401	31	has	have	AUX
cblr-9106	401	32	documented	document	VERB
cblr-9106	401	33	that	that	SCONJ
cblr-9106	401	34	while	while	SCONJ
cblr-9106	401	35	disclosure	disclosure	NOUN
cblr-9106	401	36	of	of	ADP
cblr-9106	401	37	climate	climate	NOUN
cblr-9106	401	38	-	-	PUNCT
cblr-9106	401	39	related	relate	VERB
cblr-9106	401	40	financial	financial	ADJ
cblr-9106	401	41	124	124	NUM
cblr-9106	401	42	who	who	PRON
cblr-9106	401	43	uses	use	VERB
cblr-9106	401	44	ifrs	ifrs	NOUN
cblr-9106	401	45	standards	standard	NOUN
cblr-9106	401	46	?	?	PUNCT
cblr-9106	401	47	,	,	PUNCT
cblr-9106	401	48	int’l	int’l	NUM
cblr-9106	401	49	fin	fin	NOUN
cblr-9106	401	50	.	.	PUNCT
cblr-9106	402	1	reporting	reporting	NOUN
cblr-9106	402	2	standards	standard	NOUN
cblr-9106	402	3	found	find	VERB
cblr-9106	402	4	.	.	PUNCT
cblr-9106	403	1	(	(	PUNCT
cblr-9106	403	2	jan	jan	PROPN
cblr-9106	403	3	.	.	PROPN
cblr-9106	403	4	12	12	NUM
cblr-9106	403	5	,	,	PUNCT
cblr-9106	403	6	2018	2018	NUM
cblr-9106	403	7	)	)	PUNCT
cblr-9106	403	8	,	,	PUNCT
cblr-9106	403	9	https://www.ifrs.org/use-around-the-world/use-ofifrs-standards-by-jurisdiction/#analysis-of-the-profiles-of-g20-jurisdictions	https://www.ifrs.org/use-around-the-world/use-ofifrs-standards-by-jurisdiction/#analysis-of-the-profiles-of-g20-jurisdiction	NOUN
cblr-9106	403	10	[	[	X
cblr-9106	403	11	https://perma.cc/6c2p-lvcf	https://perma.cc/6c2p-lvcf	X
cblr-9106	403	12	]	]	X
cblr-9106	403	13	.	.	PUNCT
cblr-9106	404	1	125	125	NUM
cblr-9106	404	2	int’l	int’l	NUM
cblr-9106	404	3	fin	fin	NOUN
cblr-9106	404	4	.	.	PUNCT
cblr-9106	405	1	reporting	reporting	NOUN
cblr-9106	405	2	standards	standard	NOUN
cblr-9106	405	3	found	find	VERB
cblr-9106	405	4	.	.	PUNCT
cblr-9106	406	1	,	,	PUNCT
cblr-9106	406	2	consultation	consultation	NOUN
cblr-9106	406	3	paper	paper	NOUN
cblr-9106	406	4	on	on	ADP
cblr-9106	406	5	sustainability	sustainability	NOUN
cblr-9106	406	6	reporting	reporting	NOUN
cblr-9106	406	7	(	(	PUNCT
cblr-9106	406	8	2020	2020	NUM
cblr-9106	406	9	)	)	PUNCT
cblr-9106	406	10	,	,	PUNCT
cblr-9106	406	11	https://www.ifrs.org/content/dam/ifrs/project/sustainabilityreporting/consultation-paper-on-sustainability-reporting.pdf	https://www.ifrs.org/content/dam/ifrs/project/sustainabilityreporting/consultation-paper-on-sustainability-reporting.pdf	NOUN
cblr-9106	407	1	[	[	X
cblr-9106	407	2	https://perma.cc/m5jl-s7bj	https://perma.cc/m5jl-s7bj	NOUN
cblr-9106	407	3	]	]	X
cblr-9106	407	4	.	.	PUNCT
cblr-9106	408	1	126	126	NUM
cblr-9106	408	2	ifrs	ifrs	PROPN
cblr-9106	408	3	foundation	foundation	NOUN
cblr-9106	408	4	trustees	trustee	NOUN
cblr-9106	408	5	announce	announce	VERB
cblr-9106	408	6	working	working	NOUN
cblr-9106	408	7	group	group	NOUN
cblr-9106	408	8	to	to	PART
cblr-9106	408	9	accelerate	accelerate	VERB
cblr-9106	408	10	convergence	convergence	NOUN
cblr-9106	408	11	in	in	ADP
cblr-9106	408	12	global	global	ADJ
cblr-9106	408	13	sustainability	sustainability	NOUN
cblr-9106	408	14	reporting	reporting	NOUN
cblr-9106	408	15	standards	standard	NOUN
cblr-9106	408	16	focused	focus	VERB
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cblr-9106	408	18	enterprise	enterprise	NOUN
cblr-9106	408	19	value	value	NOUN
cblr-9106	408	20	,	,	PUNCT
cblr-9106	408	21	int’l	int’l	NUM
cblr-9106	408	22	fin	fin	NOUN
cblr-9106	408	23	.	.	PUNCT
cblr-9106	409	1	reporting	reporting	NOUN
cblr-9106	409	2	standards	standard	NOUN
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cblr-9106	409	4	.	.	PUNCT
cblr-9106	410	1	(	(	PUNCT
cblr-9106	410	2	march	march	PROPN
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cblr-9106	410	4	,	,	PUNCT
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cblr-9106	410	6	)	)	PUNCT
cblr-9106	410	7	,	,	PUNCT
cblr-9106	410	8	https://www.ifrs.org/news-and-events/news/2021/03/trusteesannounce-working-group/	https://www.ifrs.org/news-and-events/news/2021/03/trusteesannounce-working-group/	PROPN
cblr-9106	411	1	[	[	X
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cblr-9106	412	1	127	127	NUM
cblr-9106	412	2	task	task	NOUN
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cblr-9106	412	6	-	-	PUNCT
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cblr-9106	412	9	.	.	PUNCT
cblr-9106	412	10	disclosures	disclosure	NOUN
cblr-9106	412	11	,	,	PUNCT
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cblr-9106	412	15	2	2	NUM
cblr-9106	412	16	(	(	PUNCT
cblr-9106	412	17	2020	2020	NUM
cblr-9106	412	18	)	)	PUNCT
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cblr-9106	413	1	[	[	X
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cblr-9106	414	18	:	:	PUNCT
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cblr-9106	414	29	8	8	NUM
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cblr-9106	414	32	)	)	PUNCT
cblr-9106	414	33	,	,	PUNCT
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cblr-9106	415	1	[	[	X
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cblr-9106	415	3	]	]	PUNCT
cblr-9106	415	4	.	.	PUNCT
cblr-9106	416	1	no	no	INTJ
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cblr-9106	417	4	corporate	corporate	ADJ
cblr-9106	417	5	climate	climate	NOUN
cblr-9106	417	6	disclosures	disclosure	NOUN
cblr-9106	417	7	1115	1115	NUM
cblr-9106	417	8	information	information	NOUN
cblr-9106	417	9	has	have	AUX
cblr-9106	417	10	increased	increase	VERB
cblr-9106	417	11	,	,	PUNCT
cblr-9106	417	12	“	"	PUNCT
cblr-9106	417	13	companies	company	NOUN
cblr-9106	417	14	’	'	PUNCT
cblr-9106	417	15	disclosures	disclosure	NOUN
cblr-9106	417	16	of	of	ADP
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cblr-9106	417	18	potential	potential	ADJ
cblr-9106	417	19	financial	financial	ADJ
cblr-9106	417	20	impact	impact	NOUN
cblr-9106	417	21	of	of	ADP
cblr-9106	417	22	climate	climate	NOUN
cblr-9106	417	23	change	change	NOUN
cblr-9106	417	24	on	on	ADP
cblr-9106	417	25	their	their	PRON
cblr-9106	417	26	businesses	business	NOUN
cblr-9106	417	27	and	and	CCONJ
cblr-9106	417	28	strategies	strategy	NOUN
cblr-9106	417	29	remains	remain	VERB
cblr-9106	417	30	low,”129	low,”129	PROPN
cblr-9106	417	31	particularly	particularly	ADV
cblr-9106	417	32	in	in	ADP
cblr-9106	417	33	financial	financial	ADJ
cblr-9106	417	34	reports.130	reports.130	NOUN
cblr-9106	417	35	relatedly	relatedly	ADV
cblr-9106	417	36	,	,	PUNCT
cblr-9106	417	37	a	a	DET
cblr-9106	417	38	recent	recent	ADJ
cblr-9106	417	39	study	study	NOUN
cblr-9106	417	40	found	find	VERB
cblr-9106	417	41	that	that	SCONJ
cblr-9106	417	42	firms	firm	NOUN
cblr-9106	417	43	that	that	PRON
cblr-9106	417	44	have	have	AUX
cblr-9106	417	45	signed	sign	VERB
cblr-9106	417	46	up	up	ADP
cblr-9106	417	47	to	to	ADP
cblr-9106	417	48	the	the	DET
cblr-9106	417	49	tcfd	tcfd	NOUN
cblr-9106	417	50	primarily	primarily	ADV
cblr-9106	417	51	report	report	VERB
cblr-9106	417	52	nonmaterial	nonmaterial	ADJ
cblr-9106	417	53	climate	climate	NOUN
cblr-9106	417	54	risk	risk	NOUN
cblr-9106	417	55	information.131	information.131	VERB
cblr-9106	417	56	in	in	ADP
cblr-9106	417	57	the	the	DET
cblr-9106	417	58	united	united	ADJ
cblr-9106	417	59	kingdom	kingdom	PROPN
cblr-9106	417	60	,	,	PUNCT
cblr-9106	417	61	the	the	DET
cblr-9106	417	62	financial	financial	ADJ
cblr-9106	417	63	reporting	reporting	NOUN
cblr-9106	417	64	council	council	PROPN
cblr-9106	417	65	’s	’s	PART
cblr-9106	417	66	thematic	thematic	ADJ
cblr-9106	417	67	review	review	NOUN
cblr-9106	417	68	had	have	VERB
cblr-9106	417	69	similar	similar	ADJ
cblr-9106	417	70	findings.132	findings.132	NOUN
cblr-9106	417	71	drawing	draw	VERB
cblr-9106	417	72	on	on	ADP
cblr-9106	417	73	the	the	DET
cblr-9106	417	74	results	result	NOUN
cblr-9106	417	75	of	of	ADP
cblr-9106	417	76	this	this	DET
cblr-9106	417	77	thematic	thematic	ADJ
cblr-9106	417	78	review	review	NOUN
cblr-9106	417	79	,	,	PUNCT
cblr-9106	417	80	the	the	DET
cblr-9106	417	81	fca	fca	PROPN
cblr-9106	417	82	notes	note	VERB
cblr-9106	417	83	that	that	SCONJ
cblr-9106	417	84	there	there	PRON
cblr-9106	417	85	is	be	VERB
cblr-9106	417	86	considerable	considerable	ADJ
cblr-9106	417	87	room	room	NOUN
cblr-9106	417	88	for	for	ADP
cblr-9106	417	89	improvement	improvement	NOUN
cblr-9106	417	90	on	on	ADP
cblr-9106	417	91	the	the	DET
cblr-9106	417	92	way	way	NOUN
cblr-9106	417	93	u.k	u.k	PROPN
cblr-9106	417	94	.	.	PROPN
cblr-9106	417	95	companies	company	NOUN
cblr-9106	417	96	implement	implement	VERB
cblr-9106	417	97	the	the	DET
cblr-9106	417	98	tcfd	tcfd	NOUN
cblr-9106	417	99	recommendations.133	recommendations.133	NOUN
cblr-9106	417	100	given	give	VERB
cblr-9106	417	101	their	their	PRON
cblr-9106	417	102	voluntary	voluntary	ADJ
cblr-9106	417	103	nature	nature	NOUN
cblr-9106	417	104	,	,	PUNCT
cblr-9106	417	105	the	the	DET
cblr-9106	417	106	tepid	tepid	ADJ
cblr-9106	417	107	implementation	implementation	NOUN
cblr-9106	417	108	of	of	ADP
cblr-9106	417	109	these	these	DET
cblr-9106	417	110	disclosure	disclosure	NOUN
cblr-9106	417	111	requirements	requirement	NOUN
cblr-9106	417	112	comes	come	VERB
cblr-9106	417	113	as	as	ADP
cblr-9106	417	114	no	no	DET
cblr-9106	417	115	surprise	surprise	NOUN
cblr-9106	417	116	.	.	PUNCT
cblr-9106	418	1	alongside	alongside	ADP
cblr-9106	418	2	the	the	DET
cblr-9106	418	3	tcfd	tcfd	NOUN
cblr-9106	418	4	’s	’s	PART
cblr-9106	418	5	endeavors	endeavor	NOUN
cblr-9106	418	6	,	,	PUNCT
cblr-9106	418	7	several	several	ADJ
cblr-9106	418	8	other	other	ADJ
cblr-9106	418	9	networks	network	NOUN
cblr-9106	418	10	and	and	CCONJ
cblr-9106	418	11	intermediaries	intermediary	NOUN
cblr-9106	418	12	have	have	AUX
cblr-9106	418	13	contributed	contribute	VERB
cblr-9106	418	14	to	to	ADP
cblr-9106	418	15	improving	improve	VERB
cblr-9106	418	16	disclosures	disclosure	NOUN
cblr-9106	418	17	around	around	ADP
cblr-9106	418	18	climate	climate	NOUN
cblr-9106	418	19	risks	risk	NOUN
cblr-9106	418	20	.	.	PUNCT
cblr-9106	419	1	first	first	ADV
cblr-9106	419	2	,	,	PUNCT
cblr-9106	419	3	there	there	PRON
cblr-9106	419	4	are	be	VERB
cblr-9106	419	5	the	the	DET
cblr-9106	419	6	voluntary	voluntary	ADJ
cblr-9106	419	7	network	network	NOUN
cblr-9106	419	8	initiatives	initiative	NOUN
cblr-9106	419	9	for	for	ADP
cblr-9106	419	10	climate	climate	NOUN
cblr-9106	419	11	-	-	PUNCT
cblr-9106	419	12	related	relate	VERB
cblr-9106	419	13	disclosures	disclosure	NOUN
cblr-9106	419	14	that	that	PRON
cblr-9106	419	15	have	have	AUX
cblr-9106	419	16	developed	develop	VERB
cblr-9106	419	17	in	in	ADP
cblr-9106	419	18	recent	recent	ADJ
cblr-9106	419	19	years	year	NOUN
cblr-9106	419	20	.	.	PUNCT
cblr-9106	420	1	amongst	amongst	ADP
cblr-9106	420	2	the	the	DET
cblr-9106	420	3	most	most	ADV
cblr-9106	420	4	significant	significant	ADJ
cblr-9106	420	5	of	of	ADP
cblr-9106	420	6	these	these	PRON
cblr-9106	420	7	is	be	AUX
cblr-9106	420	8	the	the	DET
cblr-9106	420	9	cdp	cdp	X
cblr-9106	420	10	(	(	PUNCT
cblr-9106	420	11	formerly	formerly	ADV
cblr-9106	420	12	,	,	PUNCT
cblr-9106	420	13	the	the	DET
cblr-9106	420	14	carbon	carbon	NOUN
cblr-9106	420	15	disclosure	disclosure	NOUN
cblr-9106	420	16	project	project	NOUN
cblr-9106	420	17	)	)	PUNCT
cblr-9106	420	18	,	,	PUNCT
cblr-9106	420	19	a	a	DET
cblr-9106	420	20	non	non	ADJ
cblr-9106	420	21	-	-	NOUN
cblr-9106	420	22	profit	profit	NOUN
cblr-9106	420	23	that	that	PRON
cblr-9106	420	24	operates	operate	VERB
cblr-9106	420	25	a	a	DET
cblr-9106	420	26	global	global	ADJ
cblr-9106	420	27	voluntary	voluntary	ADJ
cblr-9106	420	28	climate	climate	NOUN
cblr-9106	420	29	disclosure	disclosure	NOUN
cblr-9106	420	30	129	129	NUM
cblr-9106	420	31	task	task	NOUN
cblr-9106	420	32	force	force	NOUN
cblr-9106	420	33	on	on	ADP
cblr-9106	420	34	climate	climate	NOUN
cblr-9106	420	35	-	-	PUNCT
cblr-9106	420	36	related	relate	VERB
cblr-9106	420	37	fin	fin	NOUN
cblr-9106	420	38	.	.	PUNCT
cblr-9106	421	1	disclosures	disclosure	NOUN
cblr-9106	421	2	,	,	PUNCT
cblr-9106	421	3	supra	supra	PROPN
cblr-9106	421	4	note	note	PROPN
cblr-9106	421	5	127	127	NUM
cblr-9106	421	6	,	,	PUNCT
cblr-9106	421	7	at	at	ADP
cblr-9106	421	8	4	4	NUM
cblr-9106	421	9	.	.	NUM
cblr-9106	421	10	130	130	NUM
cblr-9106	421	11	see	see	VERB
cblr-9106	421	12	i	i	PRON
cblr-9106	421	13	d.	d.	PROPN
cblr-9106	421	14	at	at	ADP
cblr-9106	421	15	12	12	NUM
cblr-9106	421	16	;	;	PUNCT
cblr-9106	421	17	see	see	VERB
cblr-9106	421	18	also	also	ADV
cblr-9106	421	19	robyn	robyn	PROPN
cblr-9106	421	20	bishop	bishop	PROPN
cblr-9106	421	21	,	,	PUNCT
cblr-9106	421	22	comment	comment	NOUN
cblr-9106	421	23	,	,	PUNCT
cblr-9106	421	24	investing	invest	VERB
cblr-9106	421	25	in	in	ADP
cblr-9106	421	26	the	the	DET
cblr-9106	421	27	future	future	NOUN
cblr-9106	421	28	:	:	PUNCT
cblr-9106	421	29	why	why	SCONJ
cblr-9106	421	30	the	the	DET
cblr-9106	421	31	sec	sec	PROPN
cblr-9106	421	32	should	should	AUX
cblr-9106	421	33	require	require	VERB
cblr-9106	421	34	a	a	DET
cblr-9106	421	35	uniform	uniform	ADJ
cblr-9106	421	36	climate	climate	NOUN
cblr-9106	421	37	change	change	NOUN
cblr-9106	421	38	disclosure	disclosure	NOUN
cblr-9106	421	39	framework	framework	NOUN
cblr-9106	421	40	to	to	PART
cblr-9106	421	41	protect	protect	VERB
cblr-9106	421	42	investors	investor	NOUN
cblr-9106	421	43	and	and	CCONJ
cblr-9106	421	44	mitigate	mitigate	VERB
cblr-9106	421	45	u.s	u.s	PROPN
cblr-9106	421	46	.	.	PROPN
cblr-9106	421	47	financial	financial	ADJ
cblr-9106	421	48	instability	instability	NOUN
cblr-9106	421	49	,	,	PUNCT
cblr-9106	421	50	48	48	NUM
cblr-9106	421	51	env’t	env’t	NUM
cblr-9106	421	52	l.	l.	NOUN
cblr-9106	421	53	491	491	NUM
cblr-9106	421	54	,	,	PUNCT
cblr-9106	421	55	500–01	500–01	NUM
cblr-9106	421	56	(	(	PUNCT
cblr-9106	421	57	2018	2018	NUM
cblr-9106	421	58	)	)	PUNCT
cblr-9106	421	59	(	(	PUNCT
cblr-9106	421	60	“	"	PUNCT
cblr-9106	421	61	[	[	X
cblr-9106	421	62	m]any	m]any	NOUN
cblr-9106	421	63	companies	company	NOUN
cblr-9106	421	64	that	that	PRON
cblr-9106	421	65	do	do	AUX
cblr-9106	421	66	have	have	VERB
cblr-9106	421	67	significant	significant	ADJ
cblr-9106	421	68	exposure	exposure	NOUN
cblr-9106	421	69	to	to	ADP
cblr-9106	421	70	climate	climate	NOUN
cblr-9106	421	71	change	change	NOUN
cblr-9106	421	72	,	,	PUNCT
cblr-9106	421	73	like	like	ADP
cblr-9106	421	74	oil	oil	NOUN
cblr-9106	421	75	and	and	CCONJ
cblr-9106	421	76	gas	gas	NOUN
cblr-9106	421	77	companies	company	NOUN
cblr-9106	421	78	,	,	PUNCT
cblr-9106	421	79	currently	currently	ADV
cblr-9106	421	80	include	include	VERB
cblr-9106	421	81	a	a	DET
cblr-9106	421	82	boilerplate	boilerplate	ADJ
cblr-9106	421	83	disclosure	disclosure	NOUN
cblr-9106	421	84	recognizing	recognize	VERB
cblr-9106	421	85	climate	climate	NOUN
cblr-9106	421	86	change	change	NOUN
cblr-9106	421	87	as	as	ADP
cblr-9106	421	88	a	a	DET
cblr-9106	421	89	risk	risk	NOUN
cblr-9106	421	90	,	,	PUNCT
cblr-9106	421	91	but	but	CCONJ
cblr-9106	421	92	say	say	VERB
cblr-9106	421	93	nothing	nothing	PRON
cblr-9106	421	94	about	about	ADP
cblr-9106	421	95	its	its	PRON
cblr-9106	421	96	impacts	impact	NOUN
cblr-9106	421	97	on	on	ADP
cblr-9106	421	98	a	a	DET
cblr-9106	421	99	particular	particular	ADJ
cblr-9106	421	100	business	business	NOUN
cblr-9106	421	101	.	.	PUNCT
cblr-9106	421	102	”	"	PUNCT
cblr-9106	422	1	(	(	PUNCT
cblr-9106	422	2	footnote	footnote	NOUN
cblr-9106	422	3	omitted	omit	VERB
cblr-9106	422	4	)	)	PUNCT
cblr-9106	422	5	)	)	PUNCT
cblr-9106	422	6	.	.	PUNCT
cblr-9106	423	1	131	131	NUM
cblr-9106	423	2	julia	julia	PROPN
cblr-9106	423	3	anna	anna	PROPN
cblr-9106	423	4	bingler	bingler	PROPN
cblr-9106	423	5	,	,	PUNCT
cblr-9106	423	6	mathias	mathias	PROPN
cblr-9106	423	7	kraus	kraus	PROPN
cblr-9106	423	8	&	&	CCONJ
cblr-9106	423	9	markus	markus	PROPN
cblr-9106	423	10	leippold	leippold	PROPN
cblr-9106	423	11	,	,	PUNCT
cblr-9106	423	12	cheap	cheap	ADJ
cblr-9106	423	13	talk	talk	NOUN
cblr-9106	423	14	and	and	CCONJ
cblr-9106	423	15	cherry	cherry	NOUN
cblr-9106	423	16	-	-	PUNCT
cblr-9106	423	17	picking	picking	NOUN
cblr-9106	423	18	:	:	PUNCT
cblr-9106	423	19	what	what	PRON
cblr-9106	423	20	climatebert	climatebert	NOUN
cblr-9106	423	21	has	have	AUX
cblr-9106	423	22	to	to	PART
cblr-9106	423	23	say	say	VERB
cblr-9106	423	24	on	on	ADP
cblr-9106	423	25	corporate	corporate	ADJ
cblr-9106	423	26	climate	climate	NOUN
cblr-9106	423	27	risk	risk	NOUN
cblr-9106	423	28	disclosures	disclosure	VERB
cblr-9106	423	29	18–19	18–19	NUM
cblr-9106	423	30	(	(	PUNCT
cblr-9106	423	31	mar	mar	PROPN
cblr-9106	423	32	.	.	PROPN
cblr-9106	423	33	2	2	NUM
cblr-9106	423	34	,	,	PUNCT
cblr-9106	423	35	2021	2021	NUM
cblr-9106	423	36	)	)	PUNCT
cblr-9106	423	37	(	(	PUNCT
cblr-9106	423	38	unpublished	unpublished	ADJ
cblr-9106	423	39	manuscript	manuscript	NOUN
cblr-9106	423	40	)	)	PUNCT
cblr-9106	423	41	,	,	PUNCT
cblr-9106	423	42	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3796152	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3796152	PROPN
cblr-9106	423	43	(	(	PUNCT
cblr-9106	423	44	on	on	ADP
cblr-9106	423	45	file	file	NOUN
cblr-9106	423	46	with	with	ADP
cblr-9106	423	47	the	the	DET
cblr-9106	423	48	columbia	columbia	PROPN
cblr-9106	423	49	business	business	PROPN
cblr-9106	423	50	law	law	PROPN
cblr-9106	423	51	review	review	PROPN
cblr-9106	423	52	)	)	PUNCT
cblr-9106	423	53	.	.	PUNCT
cblr-9106	424	1	132	132	NUM
cblr-9106	424	2	fin	fin	NOUN
cblr-9106	424	3	.	.	PUNCT
cblr-9106	425	1	reporting	reporting	NOUN
cblr-9106	425	2	council	council	PROPN
cblr-9106	425	3	,	,	PUNCT
cblr-9106	425	4	climate	climate	NOUN
cblr-9106	425	5	thematic	thematic	ADJ
cblr-9106	425	6	reporting	reporting	NOUN
cblr-9106	425	7	–	–	PUNCT
cblr-9106	425	8	how	how	SCONJ
cblr-9106	425	9	are	be	AUX
cblr-9106	425	10	companies	company	NOUN
cblr-9106	425	11	developing	develop	VERB
cblr-9106	425	12	their	their	PRON
cblr-9106	425	13	reporting	reporting	NOUN
cblr-9106	425	14	on	on	ADP
cblr-9106	425	15	climate	climate	NOUN
cblr-9106	425	16	-	-	PUNCT
cblr-9106	425	17	related	relate	VERB
cblr-9106	425	18	challenges	challenge	NOUN
cblr-9106	425	19	?	?	PUNCT
cblr-9106	426	1	7–9	7–9	NUM
cblr-9106	426	2	(	(	PUNCT
cblr-9106	426	3	2020	2020	NUM
cblr-9106	426	4	)	)	PUNCT
cblr-9106	426	5	,	,	PUNCT
cblr-9106	426	6	https://www.frc.org.uk/getattachment/ab63c2206e2b-47e6-924e-8f369512e0a6/summary-final.pdf	https://www.frc.org.uk/getattachment/ab63c2206e2b-47e6-924e-8f369512e0a6/summary-final.pdf	PROPN
cblr-9106	427	1	[	[	X
cblr-9106	427	2	https://perma.cc/3ym2-sexs	https://perma.cc/3ym2-sexs	X
cblr-9106	427	3	]	]	PUNCT
cblr-9106	427	4	.	.	PUNCT
cblr-9106	428	1	133	133	NUM
cblr-9106	428	2	fin	fin	NOUN
cblr-9106	428	3	.	.	PUNCT
cblr-9106	428	4	conduct	conduct	VERB
cblr-9106	428	5	auth	auth	PRON
cblr-9106	428	6	.	.	PUNCT
cblr-9106	428	7	,	,	PUNCT
cblr-9106	428	8	supra	supra	PROPN
cblr-9106	428	9	note	note	PROPN
cblr-9106	428	10	119	119	NUM
cblr-9106	428	11	,	,	PUNCT
cblr-9106	428	12	at	at	ADP
cblr-9106	428	13	10	10	NUM
cblr-9106	428	14	.	.	PUNCT
cblr-9106	429	1	1116	1116	NUM
cblr-9106	429	2	columbia	columbia	PROPN
cblr-9106	429	3	business	business	NOUN
cblr-9106	429	4	law	law	PROPN
cblr-9106	429	5	review	review	NOUN
cblr-9106	429	6	[	[	X
cblr-9106	429	7	vol	vol	NOUN
cblr-9106	429	8	.	.	PUNCT
cblr-9106	429	9	2021	2021	NUM
cblr-9106	429	10	network.134	network.134	VERB
cblr-9106	429	11	nearly	nearly	ADV
cblr-9106	429	12	10,000	10,000	NUM
cblr-9106	429	13	companies	company	NOUN
cblr-9106	429	14	(	(	PUNCT
cblr-9106	429	15	including	include	VERB
cblr-9106	429	16	more	more	ADJ
cblr-9106	429	17	than	than	ADP
cblr-9106	429	18	fifteen	fifteen	NUM
cblr-9106	429	19	percent	percent	NOUN
cblr-9106	429	20	of	of	ADP
cblr-9106	429	21	all	all	DET
cblr-9106	429	22	listed	list	VERB
cblr-9106	429	23	companies	company	NOUN
cblr-9106	429	24	)	)	PUNCT
cblr-9106	429	25	now	now	ADV
cblr-9106	429	26	submit	submit	VERB
cblr-9106	429	27	disclosures	disclosure	NOUN
cblr-9106	429	28	in	in	ADP
cblr-9106	429	29	line	line	NOUN
cblr-9106	429	30	with	with	ADP
cblr-9106	429	31	the	the	DET
cblr-9106	429	32	project	project	NOUN
cblr-9106	429	33	’s	’s	PART
cblr-9106	429	34	guidelines.135	guidelines.135	NOUN
cblr-9106	429	35	their	their	PRON
cblr-9106	429	36	main	main	ADJ
cblr-9106	429	37	focus	focus	NOUN
cblr-9106	429	38	is	be	AUX
cblr-9106	429	39	on	on	ADP
cblr-9106	429	40	ghg	ghg	PROPN
cblr-9106	429	41	emissions	emission	NOUN
cblr-9106	429	42	,	,	PUNCT
cblr-9106	429	43	but	but	CCONJ
cblr-9106	429	44	participating	participate	VERB
cblr-9106	429	45	firms	firm	NOUN
cblr-9106	429	46	are	be	AUX
cblr-9106	429	47	also	also	ADV
cblr-9106	429	48	invited	invite	VERB
cblr-9106	429	49	to	to	PART
cblr-9106	429	50	submit	submit	VERB
cblr-9106	429	51	narrative	narrative	ADJ
cblr-9106	429	52	information	information	NOUN
cblr-9106	429	53	about	about	ADP
cblr-9106	429	54	the	the	DET
cblr-9106	429	55	impact	impact	NOUN
cblr-9106	429	56	of	of	ADP
cblr-9106	429	57	climate	climate	NOUN
cblr-9106	429	58	risk	risk	NOUN
cblr-9106	429	59	planning	planning	NOUN
cblr-9106	429	60	on	on	ADP
cblr-9106	429	61	their	their	PRON
cblr-9106	429	62	business	business	NOUN
cblr-9106	429	63	strategy	strategy	NOUN
cblr-9106	429	64	,	,	PUNCT
cblr-9106	429	65	the	the	DET
cblr-9106	429	66	price	price	NOUN
cblr-9106	429	67	of	of	ADP
cblr-9106	429	68	carbon	carbon	NOUN
cblr-9106	429	69	(	(	PUNCT
cblr-9106	429	70	if	if	SCONJ
cblr-9106	429	71	any	any	PRON
cblr-9106	429	72	)	)	PUNCT
cblr-9106	429	73	that	that	SCONJ
cblr-9106	429	74	they	they	PRON
cblr-9106	429	75	use	use	VERB
cblr-9106	429	76	for	for	ADP
cblr-9106	429	77	planning	planning	NOUN
cblr-9106	429	78	purposes	purpose	NOUN
cblr-9106	429	79	,	,	PUNCT
cblr-9106	429	80	their	their	PRON
cblr-9106	429	81	governance	governance	NOUN
cblr-9106	429	82	arrangements	arrangement	NOUN
cblr-9106	429	83	in	in	ADP
cblr-9106	429	84	respect	respect	NOUN
cblr-9106	429	85	of	of	ADP
cblr-9106	429	86	climate	climate	NOUN
cblr-9106	429	87	risk	risk	NOUN
cblr-9106	429	88	and	and	CCONJ
cblr-9106	429	89	any	any	DET
cblr-9106	429	90	third	third	ADJ
cblr-9106	429	91	-	-	PUNCT
cblr-9106	429	92	party	party	NOUN
cblr-9106	429	93	verification	verification	NOUN
cblr-9106	429	94	that	that	PRON
cblr-9106	429	95	has	have	AUX
cblr-9106	429	96	been	be	AUX
cblr-9106	429	97	undertaken	undertake	VERB
cblr-9106	429	98	of	of	ADP
cblr-9106	429	99	their	their	PRON
cblr-9106	429	100	emissions	emission	NOUN
cblr-9106	429	101	data.136	data.136	VERB
cblr-9106	429	102	various	various	ADJ
cblr-9106	429	103	information	information	NOUN
cblr-9106	429	104	intermediaries	intermediary	NOUN
cblr-9106	429	105	have	have	AUX
cblr-9106	429	106	also	also	ADV
cblr-9106	429	107	developed	develop	VERB
cblr-9106	429	108	metrics	metric	NOUN
cblr-9106	429	109	for	for	ADP
cblr-9106	429	110	estimating	estimate	VERB
cblr-9106	429	111	firms	firm	NOUN
cblr-9106	429	112	’	'	PUNCT
cblr-9106	429	113	ghg	ghg	PROPN
cblr-9106	429	114	emissions	emission	NOUN
cblr-9106	429	115	,	,	PUNCT
cblr-9106	429	116	regardless	regardless	ADV
cblr-9106	429	117	of	of	ADP
cblr-9106	429	118	whether	whether	SCONJ
cblr-9106	429	119	they	they	PRON
cblr-9106	429	120	disclose	disclose	VERB
cblr-9106	429	121	.	.	PUNCT
cblr-9106	430	1	for	for	ADP
cblr-9106	430	2	example	example	NOUN
cblr-9106	430	3	,	,	PUNCT
cblr-9106	430	4	trucost	trucost	PROPN
cblr-9106	430	5	,	,	PUNCT
cblr-9106	430	6	an	an	DET
cblr-9106	430	7	esg	esg	PROPN
cblr-9106	430	8	assessment	assessment	NOUN
cblr-9106	430	9	firm	firm	NOUN
cblr-9106	430	10	acquired	acquire	VERB
cblr-9106	430	11	by	by	ADP
cblr-9106	430	12	s&p	s&p	PROPN
cblr-9106	430	13	down	down	ADP
cblr-9106	430	14	jones	jones	PROPN
cblr-9106	430	15	indices	indices	PROPN
cblr-9106	430	16	llc	llc	PROPN
cblr-9106	430	17	in	in	ADP
cblr-9106	430	18	2016	2016	NUM
cblr-9106	430	19	,	,	PUNCT
cblr-9106	430	20	publishes	publish	VERB
cblr-9106	430	21	a	a	DET
cblr-9106	430	22	carbon	carbon	NOUN
cblr-9106	430	23	metrics	metric	NOUN
cblr-9106	430	24	suite	suite	NOUN
cblr-9106	430	25	that	that	PRON
cblr-9106	430	26	contains	contain	VERB
cblr-9106	430	27	a	a	DET
cblr-9106	430	28	decade	decade	NOUN
cblr-9106	430	29	’s	’s	PART
cblr-9106	430	30	worth	worth	NOUN
cblr-9106	430	31	of	of	ADP
cblr-9106	430	32	ghg	ghg	PROPN
cblr-9106	430	33	emissions	emission	NOUN
cblr-9106	430	34	data	datum	NOUN
cblr-9106	430	35	for	for	ADP
cblr-9106	430	36	companies	company	NOUN
cblr-9106	430	37	and	and	CCONJ
cblr-9106	430	38	supply	supply	NOUN
cblr-9106	430	39	chains	chain	NOUN
cblr-9106	430	40	representing	represent	VERB
cblr-9106	430	41	ninety	ninety	NUM
cblr-9106	430	42	-	-	PUNCT
cblr-9106	430	43	three	three	NUM
cblr-9106	430	44	percent	percent	NOUN
cblr-9106	430	45	of	of	ADP
cblr-9106	430	46	global	global	ADJ
cblr-9106	430	47	markets	market	NOUN
cblr-9106	430	48	by	by	ADP
cblr-9106	430	49	market	market	NOUN
cblr-9106	430	50	capitalization.137	capitalization.137	NOUN
cblr-9106	430	51	by	by	ADP
cblr-9106	430	52	amassing	amass	VERB
cblr-9106	430	53	data	datum	NOUN
cblr-9106	430	54	,	,	PUNCT
cblr-9106	430	55	identifying	identify	VERB
cblr-9106	430	56	gaps	gap	NOUN
cblr-9106	430	57	,	,	PUNCT
cblr-9106	430	58	promoting	promote	VERB
cblr-9106	430	59	best	good	ADJ
cblr-9106	430	60	practices	practice	NOUN
cblr-9106	430	61	,	,	PUNCT
cblr-9106	430	62	and	and	CCONJ
cblr-9106	430	63	analyzing	analyze	VERB
cblr-9106	430	64	the	the	DET
cblr-9106	430	65	implications	implication	NOUN
cblr-9106	430	66	of	of	ADP
cblr-9106	430	67	climate	climate	NOUN
cblr-9106	430	68	risks	risk	NOUN
cblr-9106	430	69	for	for	ADP
cblr-9106	430	70	companies	company	NOUN
cblr-9106	430	71	,	,	PUNCT
cblr-9106	430	72	such	such	ADJ
cblr-9106	430	73	networks	network	NOUN
cblr-9106	430	74	and	and	CCONJ
cblr-9106	430	75	intermediaries	intermediary	NOUN
cblr-9106	430	76	help	help	VERB
cblr-9106	430	77	develop	develop	VERB
cblr-9106	430	78	a	a	DET
cblr-9106	430	79	better	well	ADJ
cblr-9106	430	80	climate	climate	NOUN
cblr-9106	430	81	risk	risk	NOUN
cblr-9106	430	82	information	information	NOUN
cblr-9106	430	83	environment	environment	NOUN
cblr-9106	430	84	.	.	PUNCT
cblr-9106	431	1	despite	despite	SCONJ
cblr-9106	431	2	the	the	DET
cblr-9106	431	3	importance	importance	NOUN
cblr-9106	431	4	of	of	ADP
cblr-9106	431	5	all	all	DET
cblr-9106	431	6	these	these	DET
cblr-9106	431	7	steps	step	NOUN
cblr-9106	431	8	,	,	PUNCT
cblr-9106	431	9	the	the	DET
cblr-9106	431	10	consensus	consensus	NOUN
cblr-9106	431	11	is	be	AUX
cblr-9106	431	12	that	that	SCONJ
cblr-9106	431	13	the	the	DET
cblr-9106	431	14	voluntary	voluntary	ADJ
cblr-9106	431	15	nature	nature	NOUN
cblr-9106	431	16	of	of	ADP
cblr-9106	431	17	disclosures	disclosure	NOUN
cblr-9106	431	18	straitjackets	straitjacket	VERB
cblr-9106	431	19	the	the	DET
cblr-9106	431	20	134	134	NUM
cblr-9106	431	21	cdp	cdp	NOUN
cblr-9106	431	22	,	,	PUNCT
cblr-9106	431	23	https://www.cdp.net/en	https://www.cdp.net/en	PROPN
cblr-9106	432	1	[	[	X
cblr-9106	432	2	https://perma.cc/fs4e-cl7b	https://perma.cc/fs4e-cl7b	X
cblr-9106	432	3	]	]	X
cblr-9106	432	4	(	(	PUNCT
cblr-9106	432	5	last	last	ADV
cblr-9106	432	6	visited	visit	VERB
cblr-9106	432	7	dec	dec	PROPN
cblr-9106	432	8	.	.	PROPN
cblr-9106	432	9	15	15	NUM
cblr-9106	432	10	,	,	PUNCT
cblr-9106	432	11	2021	2021	NUM
cblr-9106	432	12	)	)	PUNCT
cblr-9106	432	13	.	.	PUNCT
cblr-9106	433	1	135	135	NUM
cblr-9106	433	2	cdp	cdp	NOUN
cblr-9106	433	3	reporting	reporting	NOUN
cblr-9106	433	4	record	record	NOUN
cblr-9106	433	5	:	:	PUNCT
cblr-9106	433	6	almost	almost	ADV
cblr-9106	433	7	10,000	10,000	NUM
cblr-9106	433	8	companies	company	NOUN
cblr-9106	433	9	disclose	disclose	VERB
cblr-9106	433	10	environmental	environmental	ADJ
cblr-9106	433	11	data	datum	NOUN
cblr-9106	433	12	in	in	ADP
cblr-9106	433	13	2020	2020	NUM
cblr-9106	433	14	,	,	PUNCT
cblr-9106	433	15	greenbiz	greenbiz	NOUN
cblr-9106	433	16	(	(	PUNCT
cblr-9106	433	17	nov	nov	PROPN
cblr-9106	433	18	.	.	PROPN
cblr-9106	433	19	18	18	NUM
cblr-9106	433	20	,	,	PUNCT
cblr-9106	433	21	2020	2020	NUM
cblr-9106	433	22	)	)	PUNCT
cblr-9106	433	23	,	,	PUNCT
cblr-9106	433	24	https://www.greenbiz.com/article/cdp-reporting-record-almost-10000companies-disclose-environmental-data-2020	https://www.greenbiz.com/article/cdp-reporting-record-almost-10000companies-disclose-environmental-data-2020	VERB
cblr-9106	433	25	[	[	X
cblr-9106	433	26	https://perma.cc/c4t6nwzb	https://perma.cc/c4t6nwzb	X
cblr-9106	433	27	]	]	PUNCT
cblr-9106	433	28	.	.	PUNCT
cblr-9106	434	1	136	136	NUM
cblr-9106	434	2	climate	climate	NOUN
cblr-9106	434	3	change	change	NOUN
cblr-9106	434	4	2021	2021	NUM
cblr-9106	434	5	questionnaire	questionnaire	NOUN
cblr-9106	434	6	,	,	PUNCT
cblr-9106	434	7	cdp	cdp	X
cblr-9106	434	8	https://guidance.cdp.net/en/guidance?cid=18&ctype=theme&idtype=theme	https://guidance.cdp.net/en/guidance?cid=18&ctype=theme&idtype=theme	NOUN
cblr-9106	434	9	id&incchild=1&microsite=0&otype	id&incchild=1&microsite=0&otype	NOUN
cblr-9106	434	10	=	=	NUM
cblr-9106	434	11	questionnaire&tags	questionnaire&tag	NOUN
cblr-9106	434	12	=	=	NOUN
cblr-9106	434	13	tag646%2ctag-605%2ctag-600	tag646%2ctag-605%2ctag-600	NOUN
cblr-9106	434	14	[	[	X
cblr-9106	434	15	https://perma.cc/8p68-qqmj	https://perma.cc/8p68-qqmj	PROPN
cblr-9106	434	16	]	]	PUNCT
cblr-9106	434	17	(	(	PUNCT
cblr-9106	434	18	last	last	ADV
cblr-9106	434	19	visited	visit	VERB
cblr-9106	434	20	dec	dec	PROPN
cblr-9106	434	21	.	.	PROPN
cblr-9106	434	22	15	15	NUM
cblr-9106	434	23	,	,	PUNCT
cblr-9106	434	24	2021	2021	NUM
cblr-9106	434	25	)	)	PUNCT
cblr-9106	434	26	.	.	PUNCT
cblr-9106	435	1	137	137	NUM
cblr-9106	435	2	sarah	sarah	PROPN
cblr-9106	435	3	aird	aird	PROPN
cblr-9106	435	4	,	,	PUNCT
cblr-9106	435	5	steven	steven	PROPN
cblr-9106	435	6	bullock	bullock	PROPN
cblr-9106	435	7	&	&	CCONJ
cblr-9106	435	8	claire	claire	PROPN
cblr-9106	435	9	curtis	curtis	PROPN
cblr-9106	435	10	,	,	PUNCT
cblr-9106	435	11	s&p	s&p	PROPN
cblr-9106	435	12	dow	dow	PROPN
cblr-9106	435	13	jones	jones	PROPN
cblr-9106	435	14	indices	index	NOUN
cblr-9106	435	15	,	,	PUNCT
cblr-9106	435	16	completing	complete	VERB
cblr-9106	435	17	the	the	DET
cblr-9106	435	18	picture	picture	NOUN
cblr-9106	435	19	:	:	PUNCT
cblr-9106	435	20	measuring	measure	VERB
cblr-9106	435	21	environmental	environmental	ADJ
cblr-9106	435	22	performance	performance	NOUN
cblr-9106	435	23	across	across	ADP
cblr-9106	435	24	multi	multi	ADJ
cblr-9106	435	25	-	-	ADJ
cblr-9106	435	26	asset	asset	ADJ
cblr-9106	435	27	investment	investment	NOUN
cblr-9106	435	28	strategies	strategy	NOUN
cblr-9106	435	29	5	5	NUM
cblr-9106	435	30	(	(	PUNCT
cblr-9106	435	31	2017	2017	NUM
cblr-9106	435	32	)	)	PUNCT
cblr-9106	435	33	,	,	PUNCT
cblr-9106	435	34	https://www.spglobal.com/spdji/en/documents/research/researchcompleting-the-picture.pdf	https://www.spglobal.com/spdji/en/documents/research/researchcompleting-the-picture.pdf	NOUN
cblr-9106	435	35	(	(	PUNCT
cblr-9106	435	36	on	on	ADP
cblr-9106	435	37	file	file	NOUN
cblr-9106	435	38	with	with	ADP
cblr-9106	435	39	the	the	DET
cblr-9106	435	40	columbia	columbia	PROPN
cblr-9106	435	41	business	business	PROPN
cblr-9106	435	42	law	law	PROPN
cblr-9106	435	43	review	review	PROPN
cblr-9106	435	44	)	)	PUNCT
cblr-9106	435	45	.	.	PUNCT
cblr-9106	436	1	no	no	INTJ
cblr-9106	436	2	.	.	NOUN
cblr-9106	437	1	3:1085	3:1085	NUM
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cblr-9106	437	3	mandatory	mandatory	ADJ
cblr-9106	437	4	corporate	corporate	ADJ
cblr-9106	437	5	climate	climate	NOUN
cblr-9106	437	6	disclosures	disclosure	NOUN
cblr-9106	437	7	1117	1117	NUM
cblr-9106	437	8	extent	extent	NOUN
cblr-9106	437	9	to	to	PART
cblr-9106	437	10	which	which	PRON
cblr-9106	437	11	they	they	PRON
cblr-9106	437	12	can	can	AUX
cblr-9106	437	13	make	make	VERB
cblr-9106	437	14	a	a	DET
cblr-9106	437	15	difference	difference	NOUN
cblr-9106	437	16	.	.	PUNCT
cblr-9106	438	1	voluntary	voluntary	ADJ
cblr-9106	438	2	disclosure	disclosure	NOUN
cblr-9106	438	3	initiatives	initiative	NOUN
cblr-9106	438	4	fail	fail	VERB
cblr-9106	438	5	to	to	PART
cblr-9106	438	6	ensure	ensure	VERB
cblr-9106	438	7	that	that	SCONJ
cblr-9106	438	8	corporate	corporate	ADJ
cblr-9106	438	9	climate	climate	NOUN
cblr-9106	438	10	disclosures	disclosure	NOUN
cblr-9106	438	11	are	be	AUX
cblr-9106	438	12	consistent	consistent	ADJ
cblr-9106	438	13	across	across	ADP
cblr-9106	438	14	firms.138	firms.138	NOUN
cblr-9106	438	15	they	they	PRON
cblr-9106	438	16	also	also	ADV
cblr-9106	438	17	invite	invite	VERB
cblr-9106	438	18	opportunistic	opportunistic	ADJ
cblr-9106	438	19	disclosure	disclosure	NOUN
cblr-9106	438	20	—	—	PUNCT
cblr-9106	438	21	firms	firm	NOUN
cblr-9106	438	22	can	can	AUX
cblr-9106	438	23	selectively	selectively	ADV
cblr-9106	438	24	paint	paint	VERB
cblr-9106	438	25	the	the	DET
cblr-9106	438	26	greenest	green	ADJ
cblr-9106	438	27	possible	possible	ADJ
cblr-9106	438	28	picture	picture	NOUN
cblr-9106	438	29	of	of	ADP
cblr-9106	438	30	how	how	SCONJ
cblr-9106	438	31	they	they	PRON
cblr-9106	438	32	contribute	contribute	VERB
cblr-9106	438	33	to	to	ADP
cblr-9106	438	34	climate	climate	NOUN
cblr-9106	438	35	change	change	NOUN
cblr-9106	438	36	and	and	CCONJ
cblr-9106	438	37	how	how	SCONJ
cblr-9106	438	38	climate	climate	NOUN
cblr-9106	438	39	change	change	NOUN
cblr-9106	438	40	and	and	CCONJ
cblr-9106	438	41	transition	transition	NOUN
cblr-9106	438	42	scenarios	scenario	NOUN
cblr-9106	438	43	affect	affect	VERB
cblr-9106	438	44	them.139	them.139	PROPN
cblr-9106	438	45	b.	b.	PROPN
cblr-9106	438	46	traditional	traditional	ADJ
cblr-9106	438	47	securities	security	NOUN
cblr-9106	438	48	law	law	NOUN
cblr-9106	438	49	rationales	rationale	NOUN
cblr-9106	438	50	for	for	ADP
cblr-9106	438	51	climate	climate	NOUN
cblr-9106	438	52	disclosures	disclosure	NOUN
cblr-9106	438	53	mandates	mandate	VERB
cblr-9106	438	54	the	the	DET
cblr-9106	438	55	levels	level	NOUN
cblr-9106	438	56	and	and	CCONJ
cblr-9106	438	57	contents	content	NOUN
cblr-9106	438	58	of	of	ADP
cblr-9106	438	59	climate	climate	NOUN
cblr-9106	438	60	-	-	PUNCT
cblr-9106	438	61	related	relate	VERB
cblr-9106	438	62	information	information	NOUN
cblr-9106	438	63	disclosure	disclosure	NOUN
cblr-9106	438	64	,	,	PUNCT
cblr-9106	438	65	in	in	ADP
cblr-9106	438	66	the	the	DET
cblr-9106	438	67	absence	absence	NOUN
cblr-9106	438	68	of	of	ADP
cblr-9106	438	69	legal	legal	ADJ
cblr-9106	438	70	requirements	requirement	NOUN
cblr-9106	438	71	,	,	PUNCT
cblr-9106	438	72	are	be	AUX
cblr-9106	438	73	likely	likely	ADJ
cblr-9106	438	74	to	to	PART
cblr-9106	438	75	be	be	AUX
cblr-9106	438	76	suboptimal	suboptimal	ADJ
cblr-9106	438	77	from	from	ADP
cblr-9106	438	78	society	society	NOUN
cblr-9106	438	79	’s	’s	PART
cblr-9106	438	80	perspective.140	perspective.140	PROPN
cblr-9106	438	81	to	to	PART
cblr-9106	438	82	start	start	VERB
cblr-9106	438	83	with	with	ADP
cblr-9106	438	84	,	,	PUNCT
cblr-9106	438	85	disclosures	disclosure	NOUN
cblr-9106	438	86	may	may	AUX
cblr-9106	438	87	have	have	VERB
cblr-9106	438	88	positive	positive	ADJ
cblr-9106	438	89	externalities	externality	NOUN
cblr-9106	438	90	.	.	PUNCT
cblr-9106	439	1	disclosures	disclosure	NOUN
cblr-9106	439	2	of	of	ADP
cblr-9106	439	3	firm	firm	NOUN
cblr-9106	439	4	a	a	DET
cblr-9106	439	5	’s	’s	NOUN
cblr-9106	439	6	climate	climate	NOUN
cblr-9106	439	7	risks	risk	NOUN
cblr-9106	439	8	will	will	AUX
cblr-9106	439	9	help	help	VERB
cblr-9106	439	10	the	the	DET
cblr-9106	439	11	market	market	NOUN
cblr-9106	439	12	in	in	ADP
cblr-9106	439	13	its	its	PRON
cblr-9106	439	14	assessment	assessment	NOUN
cblr-9106	439	15	of	of	ADP
cblr-9106	439	16	the	the	DET
cblr-9106	439	17	climate	climate	NOUN
cblr-9106	439	18	risks	risk	NOUN
cblr-9106	439	19	of	of	ADP
cblr-9106	439	20	firms	firm	NOUN
cblr-9106	439	21	b	b	NUM
cblr-9106	439	22	,	,	PUNCT
cblr-9106	439	23	c	c	NOUN
cblr-9106	439	24	,	,	PUNCT
cblr-9106	439	25	d	d	NOUN
cblr-9106	439	26	,	,	PUNCT
cblr-9106	439	27	and	and	CCONJ
cblr-9106	439	28	so	so	ADV
cblr-9106	439	29	on	on	ADV
cblr-9106	439	30	.	.	PUNCT
cblr-9106	440	1	for	for	ADP
cblr-9106	440	2	example	example	NOUN
cblr-9106	440	3	,	,	PUNCT
cblr-9106	440	4	in	in	ADP
cblr-9106	440	5	pricing	pricing	NOUN
cblr-9106	440	6	shares	share	NOUN
cblr-9106	440	7	market	market	NOUN
cblr-9106	440	8	analysts	analyst	NOUN
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cblr-9106	440	10	each	each	DET
cblr-9106	440	11	firm	firm	NOUN
cblr-9106	440	12	to	to	ADP
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cblr-9106	440	15	.	.	PUNCT
cblr-9106	441	1	hence	hence	ADV
cblr-9106	441	2	,	,	PUNCT
cblr-9106	441	3	price	price	NOUN
cblr-9106	441	4	accuracy	accuracy	NOUN
cblr-9106	441	5	for	for	ADP
cblr-9106	441	6	all	all	DET
cblr-9106	441	7	firms	firm	NOUN
cblr-9106	441	8	will	will	AUX
cblr-9106	441	9	improve	improve	VERB
cblr-9106	441	10	if	if	SCONJ
cblr-9106	441	11	all	all	PRON
cblr-9106	441	12	of	of	ADP
cblr-9106	441	13	them	they	PRON
cblr-9106	441	14	disclose.141	disclose.141	VERB
cblr-9106	441	15	yet	yet	ADV
cblr-9106	441	16	,	,	PUNCT
cblr-9106	441	17	each	each	DET
cblr-9106	441	18	firm	firm	NOUN
cblr-9106	441	19	would	would	AUX
cblr-9106	441	20	rather	rather	ADV
cblr-9106	441	21	138	138	NUM
cblr-9106	441	22	see	see	NOUN
cblr-9106	441	23	,	,	PUNCT
cblr-9106	441	24	e.g.	e.g.	ADV
cblr-9106	441	25	,	,	PUNCT
cblr-9106	441	26	leslie	leslie	PROPN
cblr-9106	441	27	hook	hook	PROPN
cblr-9106	441	28	&	&	CCONJ
cblr-9106	441	29	matthew	matthew	PROPN
cblr-9106	441	30	vincent	vincent	PROPN
cblr-9106	441	31	,	,	PUNCT
cblr-9106	441	32	green	green	ADJ
cblr-9106	441	33	business	business	NOUN
cblr-9106	441	34	reporting	reporting	NOUN
cblr-9106	441	35	rules	rule	NOUN
cblr-9106	441	36	at	at	ADP
cblr-9106	441	37	risk	risk	NOUN
cblr-9106	441	38	of	of	ADP
cblr-9106	441	39	pale	pale	ADJ
cblr-9106	441	40	response	response	NOUN
cblr-9106	441	41	,	,	PUNCT
cblr-9106	441	42	fin	fin	NOUN
cblr-9106	441	43	.	.	PUNCT
cblr-9106	442	1	times	times	PROPN
cblr-9106	442	2	(	(	PUNCT
cblr-9106	442	3	nov	nov	PROPN
cblr-9106	442	4	.	.	PROPN
cblr-9106	442	5	12	12	NUM
cblr-9106	442	6	,	,	PUNCT
cblr-9106	442	7	2020	2020	NUM
cblr-9106	442	8	)	)	PUNCT
cblr-9106	442	9	,	,	PUNCT
cblr-9106	442	10	https://www.ft.com/content/ad01f2c9-9eb0-4db6-9898-220c688d16c2	https://www.ft.com/content/ad01f2c9-9eb0-4db6-9898-220c688d16c2	NOUN
cblr-9106	442	11	(	(	PUNCT
cblr-9106	442	12	on	on	ADP
cblr-9106	442	13	file	file	NOUN
cblr-9106	442	14	with	with	ADP
cblr-9106	442	15	the	the	DET
cblr-9106	442	16	columbia	columbia	PROPN
cblr-9106	442	17	business	business	PROPN
cblr-9106	442	18	law	law	PROPN
cblr-9106	442	19	review	review	PROPN
cblr-9106	442	20	)	)	PUNCT
cblr-9106	442	21	(	(	PUNCT
cblr-9106	442	22	“	"	PUNCT
cblr-9106	442	23	while	while	SCONJ
cblr-9106	442	24	more	more	ADJ
cblr-9106	442	25	than	than	ADP
cblr-9106	442	26	1,500	1,500	NUM
cblr-9106	442	27	groups	group	NOUN
cblr-9106	442	28	globally	globally	ADV
cblr-9106	442	29	have	have	AUX
cblr-9106	442	30	signed	sign	VERB
cblr-9106	442	31	up	up	ADP
cblr-9106	442	32	to	to	PART
cblr-9106	442	33	adopt	adopt	VERB
cblr-9106	442	34	tcfd	tcfd	NOUN
cblr-9106	442	35	rules	rule	NOUN
cblr-9106	442	36	,	,	PUNCT
cblr-9106	442	37	only	only	ADV
cblr-9106	442	38	a	a	DET
cblr-9106	442	39	minority	minority	NOUN
cblr-9106	442	40	have	have	AUX
cblr-9106	442	41	been	be	AUX
cblr-9106	442	42	able	able	ADJ
cblr-9106	442	43	to	to	PART
cblr-9106	442	44	comply	comply	VERB
cblr-9106	442	45	with	with	ADP
cblr-9106	442	46	all	all	PRON
cblr-9106	442	47	of	of	ADP
cblr-9106	442	48	its	its	PRON
cblr-9106	442	49	recommendations	recommendation	NOUN
cblr-9106	442	50	,	,	PUNCT
cblr-9106	442	51	which	which	PRON
cblr-9106	442	52	include	include	VERB
cblr-9106	442	53	board	board	NOUN
cblr-9106	442	54	-	-	PUNCT
cblr-9106	442	55	level	level	NOUN
cblr-9106	442	56	oversight	oversight	NOUN
cblr-9106	442	57	of	of	ADP
cblr-9106	442	58	climate	climate	NOUN
cblr-9106	442	59	risks	risk	NOUN
cblr-9106	442	60	,	,	PUNCT
cblr-9106	442	61	and	and	CCONJ
cblr-9106	442	62	creating	create	VERB
cblr-9106	442	63	climate	climate	NOUN
cblr-9106	442	64	risk	risk	NOUN
cblr-9106	442	65	management	management	NOUN
cblr-9106	442	66	processes	process	NOUN
cblr-9106	442	67	.	.	PUNCT
cblr-9106	442	68	”	"	PUNCT
cblr-9106	442	69	)	)	PUNCT
cblr-9106	442	70	.	.	PUNCT
cblr-9106	443	1	139	139	NUM
cblr-9106	443	2	see	see	VERB
cblr-9106	443	3	,	,	PUNCT
cblr-9106	443	4	e.g.	e.g.	ADV
cblr-9106	443	5	,	,	PUNCT
cblr-9106	443	6	jill	jill	PROPN
cblr-9106	443	7	e.	e.	PROPN
cblr-9106	443	8	fisch	fisch	PROPN
cblr-9106	443	9	,	,	PUNCT
cblr-9106	443	10	making	make	VERB
cblr-9106	443	11	sustainability	sustainability	NOUN
cblr-9106	443	12	disclosure	disclosure	NOUN
cblr-9106	443	13	sustainable	sustainable	ADJ
cblr-9106	443	14	,	,	PUNCT
cblr-9106	443	15	107	107	NUM
cblr-9106	443	16	geo	geo	PROPN
cblr-9106	443	17	.	.	PUNCT
cblr-9106	444	1	l.j	l.j	AUX
cblr-9106	444	2	.	.	PROPN
cblr-9106	444	3	923	923	NUM
cblr-9106	444	4	,	,	PUNCT
cblr-9106	444	5	947–48	947–48	NOUN
cblr-9106	444	6	(	(	PUNCT
cblr-9106	444	7	2019	2019	NUM
cblr-9106	444	8	)	)	PUNCT
cblr-9106	444	9	(	(	PUNCT
cblr-9106	444	10	referencing	reference	VERB
cblr-9106	444	11	esg	esg	NOUN
cblr-9106	444	12	disclosures	disclosure	NOUN
cblr-9106	444	13	in	in	ADP
cblr-9106	444	14	general	general	ADJ
cblr-9106	444	15	)	)	PUNCT
cblr-9106	444	16	.	.	PUNCT
cblr-9106	445	1	140	140	NUM
cblr-9106	445	2	see	see	VERB
cblr-9106	445	3	,	,	PUNCT
cblr-9106	445	4	e.g.	e.g.	ADV
cblr-9106	445	5	,	,	PUNCT
cblr-9106	445	6	robert	robert	PROPN
cblr-9106	445	7	g.	g.	PROPN
cblr-9106	445	8	eccles	eccles	PROPN
cblr-9106	445	9	et	et	PROPN
cblr-9106	445	10	al	al	PROPN
cblr-9106	445	11	.	.	PROPN
cblr-9106	445	12	,	,	PUNCT
cblr-9106	445	13	the	the	DET
cblr-9106	445	14	need	need	NOUN
cblr-9106	445	15	for	for	ADP
cblr-9106	445	16	sector	sector	NOUN
cblr-9106	445	17	-	-	PUNCT
cblr-9106	445	18	specific	specific	ADJ
cblr-9106	445	19	materiality	materiality	NOUN
cblr-9106	445	20	and	and	CCONJ
cblr-9106	445	21	sustainability	sustainability	NOUN
cblr-9106	445	22	reporting	reporting	NOUN
cblr-9106	445	23	standards	standard	NOUN
cblr-9106	445	24	,	,	PUNCT
cblr-9106	445	25	j.	j.	PROPN
cblr-9106	445	26	applied	applied	PROPN
cblr-9106	445	27	corp	corp	PROPN
cblr-9106	445	28	.	.	PROPN
cblr-9106	445	29	fin	fin	PROPN
cblr-9106	445	30	.	.	PUNCT
cblr-9106	445	31	,	,	PUNCT
cblr-9106	445	32	spring	spring	NOUN
cblr-9106	445	33	2012	2012	NUM
cblr-9106	445	34	,	,	PUNCT
cblr-9106	445	35	at	at	ADP
cblr-9106	445	36	65	65	NUM
cblr-9106	445	37	,	,	PUNCT
cblr-9106	445	38	71	71	NUM
cblr-9106	445	39	(	(	PUNCT
cblr-9106	445	40	2012	2012	NUM
cblr-9106	445	41	)	)	PUNCT
cblr-9106	445	42	;	;	PUNCT
cblr-9106	445	43	see	see	VERB
cblr-9106	445	44	also	also	ADV
cblr-9106	445	45	ruth	ruth	PROPN
cblr-9106	445	46	jebe	jebe	PROPN
cblr-9106	445	47	,	,	PUNCT
cblr-9106	445	48	the	the	DET
cblr-9106	445	49	convergence	convergence	NOUN
cblr-9106	445	50	of	of	ADP
cblr-9106	445	51	financial	financial	ADJ
cblr-9106	445	52	and	and	CCONJ
cblr-9106	445	53	esg	esg	NOUN
cblr-9106	445	54	materiality	materiality	NOUN
cblr-9106	445	55	:	:	PUNCT
cblr-9106	445	56	taking	take	VERB
cblr-9106	445	57	sustainability	sustainability	NOUN
cblr-9106	445	58	mainstream	mainstream	NOUN
cblr-9106	445	59	,	,	PUNCT
cblr-9106	445	60	56	56	NUM
cblr-9106	445	61	am	am	NOUN
cblr-9106	445	62	.	.	PUNCT
cblr-9106	446	1	bus	bus	NOUN
cblr-9106	446	2	.	.	PUNCT
cblr-9106	447	1	l.j	l.j	PROPN
cblr-9106	447	2	.	.	PROPN
cblr-9106	447	3	645	645	NUM
cblr-9106	447	4	,	,	PUNCT
cblr-9106	447	5	669	669	NUM
cblr-9106	447	6	(	(	PUNCT
cblr-9106	447	7	2019	2019	NUM
cblr-9106	447	8	)	)	PUNCT
cblr-9106	447	9	(	(	PUNCT
cblr-9106	447	10	“	"	PUNCT
cblr-9106	447	11	the	the	DET
cblr-9106	447	12	sec	sec	PROPN
cblr-9106	447	13	’s	’s	PART
cblr-9106	447	14	failure	failure	NOUN
cblr-9106	447	15	to	to	PART
cblr-9106	447	16	include	include	VERB
cblr-9106	447	17	esg	esg	NOUN
cblr-9106	447	18	factors	factor	NOUN
cblr-9106	447	19	in	in	ADP
cblr-9106	447	20	the	the	DET
cblr-9106	447	21	mandatory	mandatory	ADJ
cblr-9106	447	22	reporting	reporting	NOUN
cblr-9106	447	23	framework	framework	NOUN
cblr-9106	447	24	ignores	ignore	VERB
cblr-9106	447	25	the	the	DET
cblr-9106	447	26	market	market	NOUN
cblr-9106	447	27	signals	signal	NOUN
cblr-9106	447	28	of	of	ADP
cblr-9106	447	29	the	the	DET
cblr-9106	447	30	importance	importance	NOUN
cblr-9106	447	31	of	of	ADP
cblr-9106	447	32	these	these	DET
cblr-9106	447	33	issues	issue	NOUN
cblr-9106	447	34	and	and	CCONJ
cblr-9106	447	35	hampers	hamper	VERB
cblr-9106	447	36	progress	progress	VERB
cblr-9106	447	37	toward	toward	ADP
cblr-9106	447	38	more	more	ADV
cblr-9106	447	39	sustainable	sustainable	ADJ
cblr-9106	447	40	business	business	NOUN
cblr-9106	447	41	[	[	X
cblr-9106	447	42	.	.	X
cblr-9106	447	43	]	]	X
cblr-9106	447	44	”	"	PUNCT
cblr-9106	447	45	)	)	PUNCT
cblr-9106	447	46	.	.	PUNCT
cblr-9106	448	1	141	141	NUM
cblr-9106	448	2	see	see	VERB
cblr-9106	448	3	generally	generally	ADV
cblr-9106	448	4	douglas	douglas	PROPN
cblr-9106	448	5	w.	w.	PROPN
cblr-9106	448	6	diamond	diamond	PROPN
cblr-9106	448	7	&	&	CCONJ
cblr-9106	448	8	robert	robert	PROPN
cblr-9106	448	9	e.	e.	PROPN
cblr-9106	448	10	verrecchia	verrecchia	PROPN
cblr-9106	448	11	,	,	PUNCT
cblr-9106	448	12	disclosure	disclosure	NOUN
cblr-9106	448	13	,	,	PUNCT
cblr-9106	448	14	liquidity	liquidity	NOUN
cblr-9106	448	15	,	,	PUNCT
cblr-9106	448	16	and	and	CCONJ
cblr-9106	448	17	the	the	DET
cblr-9106	448	18	cost	cost	NOUN
cblr-9106	448	19	of	of	ADP
cblr-9106	448	20	capital	capital	NOUN
cblr-9106	448	21	,	,	PUNCT
cblr-9106	448	22	46	46	NUM
cblr-9106	448	23	j.	j.	PROPN
cblr-9106	448	24	fin	fin	PROPN
cblr-9106	448	25	.	.	PUNCT
cblr-9106	448	26	1325	1325	NUM
cblr-9106	448	27	,	,	PUNCT
cblr-9106	448	28	1326	1326	NUM
cblr-9106	448	29	,	,	PUNCT
cblr-9106	448	30	1338	1338	NUM
cblr-9106	448	31	1118	1118	NUM
cblr-9106	448	32	columbia	columbia	PROPN
cblr-9106	448	33	business	business	NOUN
cblr-9106	448	34	law	law	PROPN
cblr-9106	448	35	review	review	NOUN
cblr-9106	448	36	[	[	X
cblr-9106	448	37	vol	vol	NOUN
cblr-9106	448	38	.	.	PUNCT
cblr-9106	448	39	2021	2021	NUM
cblr-9106	448	40	free	free	ADJ
cblr-9106	448	41	ride	ride	NOUN
cblr-9106	448	42	on	on	ADP
cblr-9106	448	43	others	other	NOUN
cblr-9106	448	44	’	’	PART
cblr-9106	448	45	disclosures	disclosure	NOUN
cblr-9106	448	46	than	than	SCONJ
cblr-9106	448	47	incur	incur	VERB
cblr-9106	448	48	the	the	DET
cblr-9106	448	49	costs	cost	NOUN
cblr-9106	448	50	of	of	ADP
cblr-9106	448	51	making	make	VERB
cblr-9106	448	52	disclosures	disclosure	NOUN
cblr-9106	448	53	themselves.142	themselves.142	PRON
cblr-9106	448	54	relatedly	relatedly	ADV
cblr-9106	448	55	,	,	PUNCT
cblr-9106	448	56	disclosures	disclosure	NOUN
cblr-9106	448	57	are	be	AUX
cblr-9106	448	58	valuable	valuable	ADJ
cblr-9106	448	59	not	not	PART
cblr-9106	448	60	only	only	ADV
cblr-9106	448	61	to	to	ADP
cblr-9106	448	62	investors	investor	NOUN
cblr-9106	448	63	but	but	CCONJ
cblr-9106	448	64	also	also	ADV
cblr-9106	448	65	to	to	ADP
cblr-9106	448	66	a	a	DET
cblr-9106	448	67	firm	firm	NOUN
cblr-9106	448	68	’s	’s	PART
cblr-9106	448	69	competitors.143	competitors.143	NOUN
cblr-9106	448	70	if	if	SCONJ
cblr-9106	448	71	climate	climate	NOUN
cblr-9106	448	72	-	-	PUNCT
cblr-9106	448	73	related	relate	VERB
cblr-9106	448	74	disclosures	disclosure	NOUN
cblr-9106	448	75	give	give	VERB
cblr-9106	448	76	away	away	ADP
cblr-9106	448	77	information	information	NOUN
cblr-9106	448	78	about	about	ADP
cblr-9106	448	79	firm	firm	ADJ
cblr-9106	448	80	a	a	DET
cblr-9106	448	81	’s	’s	NOUN
cblr-9106	448	82	strategy	strategy	NOUN
cblr-9106	448	83	,	,	PUNCT
cblr-9106	448	84	competitors	competitor	NOUN
cblr-9106	448	85	b	b	NUM
cblr-9106	448	86	,	,	PUNCT
cblr-9106	448	87	c	c	NOUN
cblr-9106	448	88	,	,	PUNCT
cblr-9106	448	89	and	and	CCONJ
cblr-9106	448	90	d	d	PROPN
cblr-9106	448	91	could	could	AUX
cblr-9106	448	92	benefit	benefit	VERB
cblr-9106	448	93	,	,	PUNCT
cblr-9106	448	94	weakening	weaken	VERB
cblr-9106	448	95	any	any	DET
cblr-9106	448	96	competitive	competitive	ADJ
cblr-9106	448	97	advantage	advantage	NOUN
cblr-9106	448	98	enjoyed	enjoy	VERB
cblr-9106	448	99	by	by	ADP
cblr-9106	448	100	a.	a.	NOUN
cblr-9106	449	1	but	but	CCONJ
cblr-9106	449	2	this	this	PRON
cblr-9106	449	3	is	be	AUX
cblr-9106	449	4	only	only	ADV
cblr-9106	449	5	a	a	DET
cblr-9106	449	6	private	private	ADJ
cblr-9106	449	7	cost	cost	NOUN
cblr-9106	449	8	to	to	ADP
cblr-9106	449	9	a	a	PRON
cblr-9106	449	10	because	because	SCONJ
cblr-9106	449	11	its	its	PRON
cblr-9106	449	12	loss	loss	NOUN
cblr-9106	449	13	is	be	AUX
cblr-9106	449	14	balanced	balance	VERB
cblr-9106	449	15	by	by	ADP
cblr-9106	449	16	gains	gain	NOUN
cblr-9106	449	17	enjoyed	enjoy	VERB
cblr-9106	449	18	by	by	ADP
cblr-9106	449	19	b	b	PROPN
cblr-9106	449	20	,	,	PUNCT
cblr-9106	449	21	c	c	NOUN
cblr-9106	449	22	,	,	PUNCT
cblr-9106	449	23	and	and	CCONJ
cblr-9106	449	24	d.	d.	PROPN
cblr-9106	449	25	consequently	consequently	ADV
cblr-9106	449	26	,	,	PUNCT
cblr-9106	449	27	there	there	PRON
cblr-9106	449	28	is	be	VERB
cblr-9106	449	29	no	no	DET
cblr-9106	449	30	net	net	ADJ
cblr-9106	449	31	change	change	NOUN
cblr-9106	449	32	for	for	ADP
cblr-9106	449	33	society	society	NOUN
cblr-9106	449	34	(	(	PUNCT
cblr-9106	449	35	or	or	CCONJ
cblr-9106	449	36	diversified	diversified	ADJ
cblr-9106	449	37	investors	investor	NOUN
cblr-9106	449	38	)	)	PUNCT
cblr-9106	449	39	as	as	ADP
cblr-9106	449	40	a	a	DET
cblr-9106	449	41	whole.144	whole.144	NOUN
cblr-9106	449	42	intuitively	intuitively	ADV
cblr-9106	449	43	,	,	PUNCT
cblr-9106	449	44	this	this	DET
cblr-9106	449	45	logic	logic	NOUN
cblr-9106	449	46	applies	apply	VERB
cblr-9106	449	47	to	to	ADP
cblr-9106	449	48	disclosure	disclosure	NOUN
cblr-9106	449	49	of	of	ADP
cblr-9106	449	50	climaterelated	climaterelate	VERB
cblr-9106	449	51	information	information	NOUN
cblr-9106	449	52	,	,	PUNCT
cblr-9106	449	53	because	because	SCONJ
cblr-9106	449	54	the	the	DET
cblr-9106	449	55	public	public	NOUN
cblr-9106	449	56	,	,	PUNCT
cblr-9106	449	57	and	and	CCONJ
cblr-9106	449	58	therefore	therefore	ADV
cblr-9106	449	59	actual	actual	ADJ
cblr-9106	449	60	and	and	CCONJ
cblr-9106	449	61	potential	potential	ADJ
cblr-9106	449	62	competitors	competitor	NOUN
cblr-9106	449	63	,	,	PUNCT
cblr-9106	449	64	are	be	AUX
cblr-9106	449	65	thereby	thereby	ADV
cblr-9106	449	66	fed	feed	VERB
cblr-9106	449	67	with	with	ADP
cblr-9106	449	68	valuable	valuable	ADJ
cblr-9106	449	69	information	information	NOUN
cblr-9106	449	70	about	about	ADP
cblr-9106	449	71	a	a	DET
cblr-9106	449	72	firm	firm	NOUN
cblr-9106	449	73	’s	’s	PART
cblr-9106	449	74	strategies	strategy	NOUN
cblr-9106	449	75	and	and	CCONJ
cblr-9106	449	76	direction	direction	NOUN
cblr-9106	449	77	of	of	ADP
cblr-9106	449	78	travel.145	travel.145	NOUN
cblr-9106	449	79	take	take	VERB
cblr-9106	449	80	physical	physical	ADJ
cblr-9106	449	81	risk	risk	NOUN
cblr-9106	449	82	as	as	ADP
cblr-9106	449	83	an	an	DET
cblr-9106	449	84	example	example	NOUN
cblr-9106	449	85	:	:	PUNCT
cblr-9106	449	86	granular	granular	ADJ
cblr-9106	449	87	disclosure	disclosure	NOUN
cblr-9106	449	88	on	on	ADP
cblr-9106	449	89	the	the	DET
cblr-9106	449	90	flood	flood	NOUN
cblr-9106	449	91	risks	risk	NOUN
cblr-9106	449	92	of	of	ADP
cblr-9106	449	93	specific	specific	ADJ
cblr-9106	449	94	properties	property	NOUN
cblr-9106	449	95	may	may	AUX
cblr-9106	449	96	be	be	AUX
cblr-9106	449	97	useful	useful	ADJ
cblr-9106	449	98	for	for	SCONJ
cblr-9106	449	99	competitors	competitor	NOUN
cblr-9106	449	100	to	to	PART
cblr-9106	449	101	understand	understand	VERB
cblr-9106	449	102	supply	supply	NOUN
cblr-9106	449	103	chain	chain	NOUN
cblr-9106	449	104	dynamics	dynamic	NOUN
cblr-9106	449	105	and	and	CCONJ
cblr-9106	449	106	the	the	DET
cblr-9106	449	107	disclosing	disclosing	NOUN
cblr-9106	449	108	firm	firm	NOUN
cblr-9106	449	109	’s	’s	PART
cblr-9106	449	110	operational	operational	ADJ
cblr-9106	449	111	risks	risk	NOUN
cblr-9106	449	112	.	.	PUNCT
cblr-9106	450	1	consequently	consequently	ADV
cblr-9106	450	2	,	,	PUNCT
cblr-9106	450	3	firms	firm	NOUN
cblr-9106	450	4	will	will	AUX
cblr-9106	450	5	prefer	prefer	VERB
cblr-9106	450	6	not	not	PART
cblr-9106	450	7	to	to	PART
cblr-9106	450	8	disclose	disclose	VERB
cblr-9106	450	9	information	information	NOUN
cblr-9106	450	10	that	that	PRON
cblr-9106	450	11	may	may	AUX
cblr-9106	450	12	be	be	AUX
cblr-9106	450	13	essential	essential	ADJ
cblr-9106	450	14	to	to	PART
cblr-9106	450	15	gauge	gauge	VERB
cblr-9106	450	16	physical	physical	ADJ
cblr-9106	450	17	risk	risk	NOUN
cblr-9106	450	18	.	.	PUNCT
cblr-9106	451	1	one	one	NUM
cblr-9106	451	2	arena	arena	NOUN
cblr-9106	451	3	in	in	ADP
cblr-9106	451	4	which	which	PRON
cblr-9106	451	5	this	this	PRON
cblr-9106	451	6	may	may	AUX
cblr-9106	451	7	occur	occur	VERB
cblr-9106	451	8	is	be	AUX
cblr-9106	451	9	in	in	ADP
cblr-9106	451	10	relation	relation	NOUN
cblr-9106	451	11	to	to	ADP
cblr-9106	451	12	market	market	NOUN
cblr-9106	451	13	share	share	NOUN
cblr-9106	451	14	in	in	ADP
cblr-9106	451	15	“	"	PUNCT
cblr-9106	451	16	dirty	dirty	ADJ
cblr-9106	451	17	”	"	PUNCT
cblr-9106	451	18	products	product	NOUN
cblr-9106	451	19	.	.	PUNCT
cblr-9106	452	1	firms	firm	NOUN
cblr-9106	452	2	that	that	PRON
cblr-9106	452	3	delay	delay	VERB
cblr-9106	452	4	shifting	shift	VERB
cblr-9106	452	5	out	out	ADP
cblr-9106	452	6	of	of	ADP
cblr-9106	452	7	carbon	carbon	NOUN
cblr-9106	452	8	-	-	PUNCT
cblr-9106	452	9	intensive	intensive	ADJ
cblr-9106	452	10	products	product	NOUN
cblr-9106	452	11	—	—	PUNCT
cblr-9106	452	12	relative	relative	ADJ
cblr-9106	452	13	to	to	ADP
cblr-9106	452	14	their	their	PRON
cblr-9106	452	15	peers	peer	NOUN
cblr-9106	452	16	—	—	PUNCT
cblr-9106	452	17	may	may	AUX
cblr-9106	452	18	capture	capture	VERB
cblr-9106	452	19	market	market	NOUN
cblr-9106	452	20	share	share	NOUN
cblr-9106	452	21	in	in	ADP
cblr-9106	452	22	the	the	DET
cblr-9106	452	23	short	short	ADJ
cblr-9106	452	24	run	run	NOUN
cblr-9106	452	25	,	,	PUNCT
cblr-9106	452	26	enjoying	enjoy	VERB
cblr-9106	452	27	a	a	DET
cblr-9106	452	28	larger	large	ADJ
cblr-9106	452	29	slice	slice	NOUN
cblr-9106	452	30	of	of	ADP
cblr-9106	452	31	a	a	DET
cblr-9106	452	32	dwindling	dwindle	VERB
cblr-9106	452	33	pie	pie	NOUN
cblr-9106	452	34	.	.	PUNCT
cblr-9106	453	1	another	another	DET
cblr-9106	453	2	context	context	NOUN
cblr-9106	453	3	is	be	AUX
cblr-9106	453	4	free	free	ADJ
cblr-9106	453	5	-	-	PUNCT
cblr-9106	453	6	riding	riding	NOUN
cblr-9106	453	7	on	on	ADP
cblr-9106	453	8	the	the	DET
cblr-9106	453	9	transition	transition	NOUN
cblr-9106	453	10	efforts	effort	NOUN
cblr-9106	453	11	of	of	ADP
cblr-9106	453	12	early	early	ADJ
cblr-9106	453	13	adopters	adopter	NOUN
cblr-9106	453	14	.	.	PUNCT
cblr-9106	454	1	a	a	DET
cblr-9106	454	2	firm	firm	NOUN
cblr-9106	454	3	that	that	PRON
cblr-9106	454	4	is	be	AUX
cblr-9106	454	5	a	a	DET
cblr-9106	454	6	first	first	ADJ
cblr-9106	454	7	mover	mover	NOUN
cblr-9106	454	8	in	in	ADP
cblr-9106	454	9	transitioning	transition	VERB
cblr-9106	454	10	within	within	ADP
cblr-9106	454	11	a	a	DET
cblr-9106	454	12	sector	sector	NOUN
cblr-9106	454	13	or	or	CCONJ
cblr-9106	454	14	industry	industry	NOUN
cblr-9106	454	15	will	will	AUX
cblr-9106	454	16	likely	likely	ADV
cblr-9106	454	17	incur	incur	VERB
cblr-9106	454	18	(	(	PUNCT
cblr-9106	454	19	1991	1991	NUM
cblr-9106	454	20	)	)	PUNCT
cblr-9106	454	21	;	;	PUNCT
cblr-9106	454	22	david	david	PROPN
cblr-9106	454	23	easley	easley	PROPN
cblr-9106	454	24	&	&	CCONJ
cblr-9106	454	25	maureen	maureen	PROPN
cblr-9106	454	26	o’hara	o’hara	PROPN
cblr-9106	454	27	,	,	PUNCT
cblr-9106	454	28	information	information	NOUN
cblr-9106	454	29	and	and	CCONJ
cblr-9106	454	30	the	the	DET
cblr-9106	454	31	cost	cost	NOUN
cblr-9106	454	32	of	of	ADP
cblr-9106	454	33	capital	capital	NOUN
cblr-9106	454	34	,	,	PUNCT
cblr-9106	454	35	59	59	NUM
cblr-9106	454	36	j.	j.	PROPN
cblr-9106	454	37	fin	fin	PROPN
cblr-9106	454	38	.	.	PUNCT
cblr-9106	454	39	1553	1553	NUM
cblr-9106	454	40	,	,	PUNCT
cblr-9106	454	41	1572–73	1572–73	NUM
cblr-9106	454	42	(	(	PUNCT
cblr-9106	454	43	2004	2004	NUM
cblr-9106	454	44	)	)	PUNCT
cblr-9106	454	45	.	.	PUNCT
cblr-9106	455	1	142	142	NUM
cblr-9106	455	2	see	see	VERB
cblr-9106	455	3	,	,	PUNCT
cblr-9106	455	4	e.g.	e.g.	ADV
cblr-9106	455	5	,	,	PUNCT
cblr-9106	455	6	frank	frank	PROPN
cblr-9106	455	7	h.	h.	PROPN
cblr-9106	455	8	easterbrook	easterbrook	PROPN
cblr-9106	455	9	&	&	CCONJ
cblr-9106	455	10	daniel	daniel	PROPN
cblr-9106	455	11	r.	r.	PROPN
cblr-9106	455	12	fischel	fischel	PROPN
cblr-9106	455	13	,	,	PUNCT
cblr-9106	455	14	mandatory	mandatory	ADJ
cblr-9106	455	15	disclosure	disclosure	NOUN
cblr-9106	455	16	and	and	CCONJ
cblr-9106	455	17	the	the	DET
cblr-9106	455	18	protection	protection	NOUN
cblr-9106	455	19	of	of	ADP
cblr-9106	455	20	investors	investor	NOUN
cblr-9106	455	21	,	,	PUNCT
cblr-9106	455	22	70	70	NUM
cblr-9106	455	23	va	va	NOUN
cblr-9106	455	24	.	.	PUNCT
cblr-9106	456	1	l.	l.	PROPN
cblr-9106	456	2	rev	rev	PROPN
cblr-9106	456	3	.	.	PROPN
cblr-9106	456	4	669	669	NUM
cblr-9106	456	5	,	,	PUNCT
cblr-9106	456	6	686	686	NUM
cblr-9106	456	7	(	(	PUNCT
cblr-9106	456	8	1984	1984	NUM
cblr-9106	456	9	)	)	PUNCT
cblr-9106	456	10	.	.	PUNCT
cblr-9106	457	1	143	143	NUM
cblr-9106	457	2	robert	robert	PROPN
cblr-9106	457	3	e.	e.	PROPN
cblr-9106	457	4	verrecchia	verrecchia	PROPN
cblr-9106	457	5	,	,	PUNCT
cblr-9106	457	6	discretionary	discretionary	ADJ
cblr-9106	457	7	disclosure	disclosure	NOUN
cblr-9106	457	8	,	,	PUNCT
cblr-9106	457	9	5	5	NUM
cblr-9106	457	10	j.	j.	PROPN
cblr-9106	457	11	acct	acct	PROPN
cblr-9106	457	12	.	.	PROPN
cblr-9106	457	13	&	&	CCONJ
cblr-9106	457	14	econ	econ	PROPN
cblr-9106	457	15	.	.	PUNCT
cblr-9106	457	16	179	179	NUM
cblr-9106	457	17	,	,	PUNCT
cblr-9106	457	18	181–82	181–82	NUM
cblr-9106	457	19	(	(	PUNCT
cblr-9106	457	20	1983	1983	NUM
cblr-9106	457	21	)	)	PUNCT
cblr-9106	457	22	.	.	PUNCT
cblr-9106	458	1	144	144	NUM
cblr-9106	458	2	see	see	VERB
cblr-9106	458	3	merritt	merritt	PROPN
cblr-9106	458	4	b.	b.	PROPN
cblr-9106	458	5	fox	fox	PROPN
cblr-9106	458	6	,	,	PUNCT
cblr-9106	458	7	retaining	retain	VERB
cblr-9106	458	8	mandatory	mandatory	ADJ
cblr-9106	458	9	securities	security	NOUN
cblr-9106	458	10	disclosure	disclosure	NOUN
cblr-9106	458	11	:	:	PUNCT
cblr-9106	458	12	why	why	SCONJ
cblr-9106	458	13	issuer	issuer	ADJ
cblr-9106	458	14	choice	choice	NOUN
cblr-9106	458	15	is	be	AUX
cblr-9106	458	16	not	not	PART
cblr-9106	458	17	investor	investor	NOUN
cblr-9106	458	18	empowerment	empowerment	NOUN
cblr-9106	458	19	,	,	PUNCT
cblr-9106	458	20	85	85	NUM
cblr-9106	458	21	va	va	NOUN
cblr-9106	458	22	.	.	PUNCT
cblr-9106	459	1	l.	l.	PROPN
cblr-9106	459	2	rev	rev	PROPN
cblr-9106	459	3	.	.	PROPN
cblr-9106	459	4	1335	1335	NUM
cblr-9106	459	5	,	,	PUNCT
cblr-9106	459	6	1345–46	1345–46	NUM
cblr-9106	459	7	(	(	PUNCT
cblr-9106	459	8	1999	1999	NUM
cblr-9106	459	9	)	)	PUNCT
cblr-9106	459	10	(	(	PUNCT
cblr-9106	459	11	also	also	ADV
cblr-9106	459	12	noting	note	VERB
cblr-9106	459	13	that	that	SCONJ
cblr-9106	459	14	this	this	DET
cblr-9106	459	15	reasoning	reasoning	NOUN
cblr-9106	459	16	does	do	AUX
cblr-9106	459	17	not	not	PART
cblr-9106	459	18	consider	consider	VERB
cblr-9106	459	19	the	the	DET
cblr-9106	459	20	effect	effect	NOUN
cblr-9106	459	21	of	of	ADP
cblr-9106	459	22	disclosure	disclosure	NOUN
cblr-9106	459	23	on	on	ADP
cblr-9106	459	24	individual	individual	ADJ
cblr-9106	459	25	firms	firm	NOUN
cblr-9106	459	26	’	'	PUNCT
cblr-9106	459	27	incentives	incentive	VERB
cblr-9106	459	28	to	to	PART
cblr-9106	459	29	innovate	innovate	VERB
cblr-9106	459	30	and	and	CCONJ
cblr-9106	459	31	therefore	therefore	ADV
cblr-9106	459	32	its	its	PRON
cblr-9106	459	33	effects	effect	NOUN
cblr-9106	459	34	on	on	ADP
cblr-9106	459	35	dynamic	dynamic	ADJ
cblr-9106	459	36	efficiency	efficiency	NOUN
cblr-9106	459	37	)	)	PUNCT
cblr-9106	459	38	.	.	PUNCT
cblr-9106	460	1	145	145	NUM
cblr-9106	460	2	verrecchia	verrecchia	NOUN
cblr-9106	460	3	,	,	PUNCT
cblr-9106	460	4	supra	supra	PROPN
cblr-9106	460	5	note	note	PROPN
cblr-9106	460	6	143	143	NUM
cblr-9106	460	7	;	;	PUNCT
cblr-9106	460	8	see	see	VERB
cblr-9106	460	9	also	also	ADV
cblr-9106	460	10	robert	robert	PROPN
cblr-9106	460	11	e.	e.	PROPN
cblr-9106	460	12	verrecchia	verrecchia	PROPN
cblr-9106	460	13	,	,	PUNCT
cblr-9106	460	14	essays	essay	NOUN
cblr-9106	460	15	on	on	ADP
cblr-9106	460	16	disclosure	disclosure	NOUN
cblr-9106	460	17	,	,	PUNCT
cblr-9106	460	18	32	32	NUM
cblr-9106	460	19	j.	j.	PROPN
cblr-9106	460	20	acct	acct	PROPN
cblr-9106	460	21	.	.	PROPN
cblr-9106	460	22	&	&	CCONJ
cblr-9106	460	23	econ	econ	PROPN
cblr-9106	460	24	.	.	PUNCT
cblr-9106	461	1	97	97	NUM
cblr-9106	461	2	,	,	PUNCT
cblr-9106	461	3	141	141	NUM
cblr-9106	461	4	(	(	PUNCT
cblr-9106	461	5	2001	2001	NUM
cblr-9106	461	6	)	)	PUNCT
cblr-9106	461	7	.	.	PUNCT
cblr-9106	462	1	no	no	INTJ
cblr-9106	462	2	.	.	NOUN
cblr-9106	463	1	3:1085	3:1085	NUM
cblr-9106	463	2	]	]	X
cblr-9106	463	3	mandatory	mandatory	ADJ
cblr-9106	463	4	corporate	corporate	ADJ
cblr-9106	463	5	climate	climate	NOUN
cblr-9106	463	6	disclosures	disclosure	NOUN
cblr-9106	463	7	1119	1119	NUM
cblr-9106	463	8	prospecting	prospect	VERB
cblr-9106	463	9	costs	cost	NOUN
cblr-9106	463	10	.	.	PUNCT
cblr-9106	464	1	if	if	SCONJ
cblr-9106	464	2	it	it	PRON
cblr-9106	464	3	discloses	disclose	VERB
cblr-9106	464	4	what	what	PRON
cblr-9106	464	5	it	it	PRON
cblr-9106	464	6	is	be	AUX
cblr-9106	464	7	doing	do	VERB
cblr-9106	464	8	,	,	PUNCT
cblr-9106	464	9	then	then	ADV
cblr-9106	464	10	its	its	PRON
cblr-9106	464	11	competitors	competitor	NOUN
cblr-9106	464	12	may	may	AUX
cblr-9106	464	13	free	free	ADJ
cblr-9106	464	14	-	-	PUNCT
cblr-9106	464	15	ride	ride	NOUN
cblr-9106	464	16	on	on	ADP
cblr-9106	464	17	the	the	DET
cblr-9106	464	18	first	first	ADJ
cblr-9106	464	19	-	-	PUNCT
cblr-9106	464	20	mover	mover	NOUN
cblr-9106	464	21	’s	’s	PART
cblr-9106	464	22	investments	investment	NOUN
cblr-9106	464	23	.	.	PUNCT
cblr-9106	465	1	in	in	ADP
cblr-9106	465	2	both	both	DET
cblr-9106	465	3	contexts	context	NOUN
cblr-9106	465	4	,	,	PUNCT
cblr-9106	465	5	disclosure	disclosure	NOUN
cblr-9106	465	6	might	might	AUX
cblr-9106	465	7	trigger	trigger	VERB
cblr-9106	465	8	windfalls	windfall	NOUN
cblr-9106	465	9	for	for	ADP
cblr-9106	465	10	competitors	competitor	NOUN
cblr-9106	465	11	,	,	PUNCT
cblr-9106	465	12	and	and	CCONJ
cblr-9106	465	13	consequently	consequently	ADV
cblr-9106	465	14	loss	loss	NOUN
cblr-9106	465	15	of	of	ADP
cblr-9106	465	16	value	value	NOUN
cblr-9106	465	17	—	—	PUNCT
cblr-9106	465	18	reflected	reflect	VERB
cblr-9106	465	19	in	in	ADP
cblr-9106	465	20	a	a	DET
cblr-9106	465	21	lower	low	ADJ
cblr-9106	465	22	share	share	NOUN
cblr-9106	465	23	price	price	NOUN
cblr-9106	465	24	—	—	PUNCT
cblr-9106	465	25	for	for	ADP
cblr-9106	465	26	the	the	DET
cblr-9106	465	27	disclosing	disclosing	NOUN
cblr-9106	465	28	firm.146	firm.146	NOUN
cblr-9106	465	29	a	a	DET
cblr-9106	465	30	traditional	traditional	ADJ
cblr-9106	465	31	counterargument	counterargument	NOUN
cblr-9106	465	32	to	to	ADP
cblr-9106	465	33	these	these	DET
cblr-9106	465	34	rationales	rationale	NOUN
cblr-9106	465	35	for	for	ADP
cblr-9106	465	36	mandatory	mandatory	ADJ
cblr-9106	465	37	disclosure	disclosure	NOUN
cblr-9106	465	38	is	be	AUX
cblr-9106	465	39	that	that	DET
cblr-9106	465	40	failure	failure	NOUN
cblr-9106	465	41	to	to	PART
cblr-9106	465	42	disclose	disclose	VERB
cblr-9106	465	43	may	may	AUX
cblr-9106	465	44	lead	lead	VERB
cblr-9106	465	45	market	market	NOUN
cblr-9106	465	46	participants	participant	NOUN
cblr-9106	465	47	to	to	PART
cblr-9106	465	48	assume	assume	VERB
cblr-9106	465	49	the	the	DET
cblr-9106	465	50	worst	bad	ADJ
cblr-9106	465	51	,	,	PUNCT
cblr-9106	465	52	depressing	depress	VERB
cblr-9106	465	53	a	a	DET
cblr-9106	465	54	firm	firm	NOUN
cblr-9106	465	55	’s	’s	PART
cblr-9106	465	56	share	share	NOUN
cblr-9106	465	57	price.147	price.147	NOUN
cblr-9106	465	58	firms	firm	NOUN
cblr-9106	465	59	can	can	AUX
cblr-9106	465	60	then	then	ADV
cblr-9106	465	61	avoid	avoid	VERB
cblr-9106	465	62	this	this	PRON
cblr-9106	465	63	by	by	ADP
cblr-9106	465	64	voluntarily	voluntarily	ADV
cblr-9106	465	65	disclosing	disclose	VERB
cblr-9106	465	66	information	information	NOUN
cblr-9106	465	67	(	(	PUNCT
cblr-9106	465	68	e.g.	e.g.	ADV
cblr-9106	465	69	,	,	PUNCT
cblr-9106	465	70	by	by	ADP
cblr-9106	465	71	committing	commit	VERB
cblr-9106	465	72	to	to	ADP
cblr-9106	465	73	and	and	CCONJ
cblr-9106	465	74	implementing	implement	VERB
cblr-9106	465	75	the	the	DET
cblr-9106	465	76	tcfd	tcfd	NOUN
cblr-9106	465	77	framework	framework	NOUN
cblr-9106	465	78	)	)	PUNCT
cblr-9106	465	79	in	in	ADP
cblr-9106	465	80	what	what	PRON
cblr-9106	465	81	is	be	AUX
cblr-9106	465	82	known	know	VERB
cblr-9106	465	83	in	in	ADP
cblr-9106	465	84	the	the	DET
cblr-9106	465	85	economics	economics	NOUN
cblr-9106	465	86	literature	literature	NOUN
cblr-9106	465	87	as	as	ADP
cblr-9106	465	88	“	"	PUNCT
cblr-9106	465	89	unravelling	unravel	VERB
cblr-9106	465	90	.	.	PUNCT
cblr-9106	465	91	”148	”148	PUNCT
cblr-9106	465	92	in	in	ADP
cblr-9106	465	93	the	the	DET
cblr-9106	465	94	case	case	NOUN
cblr-9106	465	95	of	of	ADP
cblr-9106	465	96	climate	climate	NOUN
cblr-9106	465	97	-	-	PUNCT
cblr-9106	465	98	risk	risk	NOUN
cblr-9106	465	99	disclosures	disclosure	NOUN
cblr-9106	465	100	,	,	PUNCT
cblr-9106	465	101	though	though	ADV
cblr-9106	465	102	,	,	PUNCT
cblr-9106	465	103	unravelling	unravel	VERB
cblr-9106	465	104	might	might	AUX
cblr-9106	465	105	not	not	PART
cblr-9106	465	106	take	take	VERB
cblr-9106	465	107	place	place	NOUN
cblr-9106	465	108	.	.	PUNCT
cblr-9106	466	1	in	in	ADP
cblr-9106	466	2	particular	particular	ADJ
cblr-9106	466	3	,	,	PUNCT
cblr-9106	466	4	there	there	PRON
cblr-9106	466	5	might	might	AUX
cblr-9106	466	6	be	be	AUX
cblr-9106	466	7	other	other	ADJ
cblr-9106	466	8	reasons	reason	NOUN
cblr-9106	466	9	for	for	ADP
cblr-9106	466	10	non	non	ADJ
cblr-9106	466	11	-	-	NOUN
cblr-9106	466	12	disclosure	disclosure	NOUN
cblr-9106	466	13	apart	apart	ADV
cblr-9106	466	14	from	from	ADP
cblr-9106	466	15	the	the	DET
cblr-9106	466	16	information	information	NOUN
cblr-9106	466	17	being	be	AUX
cblr-9106	466	18	“	"	PUNCT
cblr-9106	466	19	bad	bad	ADJ
cblr-9106	466	20	:	:	PUNCT
cblr-9106	466	21	”	"	PUNCT
cblr-9106	466	22	for	for	ADP
cblr-9106	466	23	example	example	NOUN
cblr-9106	466	24	,	,	PUNCT
cblr-9106	466	25	because	because	SCONJ
cblr-9106	466	26	the	the	DET
cblr-9106	466	27	firm	firm	NOUN
cblr-9106	466	28	faces	face	VERB
cblr-9106	466	29	losses	loss	NOUN
cblr-9106	466	30	from	from	ADP
cblr-9106	466	31	granting	grant	VERB
cblr-9106	466	32	competitors	competitor	NOUN
cblr-9106	466	33	access	access	NOUN
cblr-9106	466	34	to	to	ADP
cblr-9106	466	35	the	the	DET
cblr-9106	466	36	revealed	reveal	VERB
cblr-9106	466	37	information,149	information,149	NOUN
cblr-9106	466	38	or	or	CCONJ
cblr-9106	466	39	because	because	SCONJ
cblr-9106	466	40	there	there	PRON
cblr-9106	466	41	is	be	VERB
cblr-9106	466	42	uncertainty	uncertainty	NOUN
cblr-9106	466	43	as	as	ADP
cblr-9106	466	44	to	to	ADP
cblr-9106	466	45	whether	whether	SCONJ
cblr-9106	466	46	the	the	DET
cblr-9106	466	47	information	information	NOUN
cblr-9106	466	48	in	in	ADP
cblr-9106	466	49	question	question	NOUN
cblr-9106	466	50	is	be	AUX
cblr-9106	466	51	even	even	ADV
cblr-9106	466	52	known	know	VERB
cblr-9106	466	53	to	to	ADP
cblr-9106	466	54	the	the	DET
cblr-9106	466	55	firm,150	firm,150	PROPN
cblr-9106	466	56	it	it	PRON
cblr-9106	466	57	would	would	AUX
cblr-9106	466	58	not	not	PART
cblr-9106	466	59	be	be	AUX
cblr-9106	466	60	rational	rational	ADJ
cblr-9106	466	61	for	for	SCONJ
cblr-9106	466	62	market	market	NOUN
cblr-9106	466	63	participants	participant	NOUN
cblr-9106	466	64	to	to	PART
cblr-9106	466	65	assume	assume	VERB
cblr-9106	466	66	the	the	DET
cblr-9106	466	67	worst	bad	ADJ
cblr-9106	466	68	from	from	ADP
cblr-9106	466	69	non	non	ADJ
cblr-9106	466	70	-	-	NOUN
cblr-9106	466	71	disclosure	disclosure	ADJ
cblr-9106	466	72	,	,	PUNCT
cblr-9106	466	73	but	but	CCONJ
cblr-9106	466	74	rather	rather	ADV
cblr-9106	466	75	to	to	PART
cblr-9106	466	76	apply	apply	VERB
cblr-9106	466	77	a	a	DET
cblr-9106	466	78	blended	blend	VERB
cblr-9106	466	79	pricing	pricing	NOUN
cblr-9106	466	80	estimate	estimate	NOUN
cblr-9106	466	81	that	that	PRON
cblr-9106	466	82	encompasses	encompass	VERB
cblr-9106	466	83	all	all	DET
cblr-9106	466	84	the	the	DET
cblr-9106	466	85	possible	possible	ADJ
cblr-9106	466	86	reasons	reason	NOUN
cblr-9106	466	87	for	for	ADP
cblr-9106	466	88	non	non	ADJ
cblr-9106	466	89	-	-	NOUN
cblr-9106	466	90	disclosure.151	disclosure.151	NOUN
cblr-9106	466	91	under	under	ADP
cblr-9106	466	92	these	these	DET
cblr-9106	466	93	circumstances	circumstance	NOUN
cblr-9106	466	94	,	,	PUNCT
cblr-9106	466	95	those	those	PRON
cblr-9106	466	96	with	with	ADP
cblr-9106	466	97	higher	high	ADJ
cblr-9106	466	98	-	-	PUNCT
cblr-9106	466	99	than	than	ADP
cblr-9106	466	100	-	-	PUNCT
cblr-9106	466	101	average	average	ADJ
cblr-9106	466	102	risks	risk	NOUN
cblr-9106	466	103	can	can	AUX
cblr-9106	466	104	take	take	VERB
cblr-9106	466	105	advantage	advantage	NOUN
cblr-9106	466	106	of	of	ADP
cblr-9106	466	107	a	a	DET
cblr-9106	466	108	lower	low	ADJ
cblr-9106	466	109	cost	cost	NOUN
cblr-9106	466	110	of	of	ADP
cblr-9106	466	111	capital	capital	NOUN
cblr-9106	466	112	than	than	SCONJ
cblr-9106	466	113	they	they	PRON
cblr-9106	466	114	would	would	AUX
cblr-9106	466	115	face	face	VERB
cblr-9106	466	116	were	be	AUX
cblr-9106	466	117	investors	investor	NOUN
cblr-9106	466	118	fully	fully	ADV
cblr-9106	466	119	aware	aware	ADJ
cblr-9106	466	120	of	of	ADP
cblr-9106	466	121	their	their	PRON
cblr-9106	466	122	position	position	NOUN
cblr-9106	466	123	.	.	PUNCT
cblr-9106	467	1	they	they	PRON
cblr-9106	467	2	consequently	consequently	ADV
cblr-9106	467	3	have	have	VERB
cblr-9106	467	4	no	no	DET
cblr-9106	467	5	incentive	incentive	NOUN
cblr-9106	467	6	to	to	PART
cblr-9106	467	7	disclose	disclose	VERB
cblr-9106	467	8	.	.	PUNCT
cblr-9106	468	1	while	while	SCONJ
cblr-9106	468	2	those	those	PRON
cblr-9106	468	3	with	with	ADP
cblr-9106	468	4	lower	low	ADJ
cblr-9106	468	5	-	-	PUNCT
cblr-9106	468	6	than	than	ADP
cblr-9106	468	7	-	-	PUNCT
cblr-9106	468	8	average	average	ADJ
cblr-9106	468	9	risks	risk	NOUN
cblr-9106	468	10	will	will	AUX
cblr-9106	468	11	face	face	VERB
cblr-9106	468	12	a	a	DET
cblr-9106	468	13	higher	high	ADJ
cblr-9106	468	14	cost	cost	NOUN
cblr-9106	468	15	of	of	ADP
cblr-9106	468	16	capital	capital	NOUN
cblr-9106	468	17	than	than	ADP
cblr-9106	468	18	146	146	NUM
cblr-9106	468	19	under	under	NOUN
cblr-9106	468	20	-	-	PUNCT
cblr-9106	468	21	disclosure	disclosure	NOUN
cblr-9106	468	22	of	of	ADP
cblr-9106	468	23	climate	climate	NOUN
cblr-9106	468	24	-	-	PUNCT
cblr-9106	468	25	related	relate	VERB
cblr-9106	468	26	information	information	NOUN
cblr-9106	468	27	,	,	PUNCT
cblr-9106	468	28	as	as	SCONJ
cblr-9106	468	29	steuer	steuer	PROPN
cblr-9106	468	30	and	and	CCONJ
cblr-9106	468	31	tröger	tröger	NOUN
cblr-9106	468	32	observe	observe	VERB
cblr-9106	468	33	,	,	PUNCT
cblr-9106	468	34	may	may	AUX
cblr-9106	468	35	also	also	ADV
cblr-9106	468	36	be	be	AUX
cblr-9106	468	37	the	the	DET
cblr-9106	468	38	product	product	NOUN
cblr-9106	468	39	of	of	ADP
cblr-9106	468	40	“	"	PUNCT
cblr-9106	468	41	fears	fear	NOUN
cblr-9106	468	42	of	of	ADP
cblr-9106	468	43	a	a	DET
cblr-9106	468	44	backlash	backlash	NOUN
cblr-9106	468	45	”	"	PUNCT
cblr-9106	468	46	from	from	ADP
cblr-9106	468	47	stakeholders	stakeholder	NOUN
cblr-9106	468	48	such	such	ADJ
cblr-9106	468	49	as	as	ADP
cblr-9106	468	50	“	"	PUNCT
cblr-9106	468	51	ngos	ngo	NOUN
cblr-9106	468	52	,	,	PUNCT
cblr-9106	468	53	third	third	ADJ
cblr-9106	468	54	-	-	PUNCT
cblr-9106	468	55	party	party	NOUN
cblr-9106	468	56	data	datum	NOUN
cblr-9106	468	57	providers	provider	NOUN
cblr-9106	468	58	,	,	PUNCT
cblr-9106	468	59	the	the	DET
cblr-9106	468	60	media	medium	NOUN
cblr-9106	468	61	,	,	PUNCT
cblr-9106	468	62	consumers	consumer	NOUN
cblr-9106	468	63	,	,	PUNCT
cblr-9106	468	64	environmental	environmental	ADJ
cblr-9106	468	65	regulators	regulator	NOUN
cblr-9106	468	66	.	.	PUNCT
cblr-9106	468	67	”	"	PUNCT
cblr-9106	468	68	tröger	tröger	PROPN
cblr-9106	468	69	&	&	CCONJ
cblr-9106	468	70	steuer	steuer	PROPN
cblr-9106	468	71	,	,	PUNCT
cblr-9106	468	72	supra	supra	PROPN
cblr-9106	468	73	note	note	PROPN
cblr-9106	468	74	28	28	NUM
cblr-9106	468	75	,	,	PUNCT
cblr-9106	468	76	at	at	ADP
cblr-9106	468	77	39–40	39–40	NUM
cblr-9106	468	78	.	.	PUNCT
cblr-9106	469	1	147	147	NUM
cblr-9106	469	2	frank	frank	PROPN
cblr-9106	469	3	h.	h.	PROPN
cblr-9106	469	4	easterbrook	easterbrook	PROPN
cblr-9106	469	5	&	&	CCONJ
cblr-9106	469	6	daniel	daniel	PROPN
cblr-9106	469	7	r.	r.	PROPN
cblr-9106	469	8	fischel	fischel	PROPN
cblr-9106	469	9	,	,	PUNCT
cblr-9106	469	10	supra	supra	PROPN
cblr-9106	469	11	note	note	PROPN
cblr-9106	469	12	142	142	NUM
cblr-9106	469	13	,	,	PUNCT
cblr-9106	469	14	683	683	NUM
cblr-9106	469	15	.	.	PUNCT
cblr-9106	470	1	148	148	NUM
cblr-9106	470	2	see	see	NOUN
cblr-9106	470	3	,	,	PUNCT
cblr-9106	470	4	e.g.	e.g.	ADV
cblr-9106	470	5	,	,	PUNCT
cblr-9106	470	6	ronald	ronald	PROPN
cblr-9106	470	7	a.	a.	PROPN
cblr-9106	470	8	dye	dye	PROPN
cblr-9106	470	9	,	,	PUNCT
cblr-9106	470	10	optimal	optimal	ADJ
cblr-9106	470	11	disclosure	disclosure	NOUN
cblr-9106	470	12	decisions	decision	NOUN
cblr-9106	470	13	when	when	SCONJ
cblr-9106	470	14	there	there	PRON
cblr-9106	470	15	are	be	VERB
cblr-9106	470	16	penalties	penalty	NOUN
cblr-9106	470	17	for	for	ADP
cblr-9106	470	18	nondisclosure	nondisclosure	NOUN
cblr-9106	470	19	,	,	PUNCT
cblr-9106	470	20	48	48	NUM
cblr-9106	470	21	rand	rand	NOUN
cblr-9106	470	22	j.	j.	PROPN
cblr-9106	470	23	econ	econ	PROPN
cblr-9106	470	24	.	.	PUNCT
cblr-9106	470	25	704	704	NUM
cblr-9106	470	26	,	,	PUNCT
cblr-9106	470	27	704–07	704–07	NUM
cblr-9106	470	28	(	(	PUNCT
cblr-9106	470	29	2017	2017	NUM
cblr-9106	470	30	)	)	PUNCT
cblr-9106	470	31	(	(	PUNCT
cblr-9106	470	32	overviewing	overviewe	VERB
cblr-9106	470	33	the	the	DET
cblr-9106	470	34	literature	literature	NOUN
cblr-9106	470	35	on	on	ADP
cblr-9106	470	36	unravelling	unravel	VERB
cblr-9106	470	37	)	)	PUNCT
cblr-9106	470	38	.	.	PUNCT
cblr-9106	471	1	149	149	NUM
cblr-9106	471	2	verrecchia	verrecchia	NOUN
cblr-9106	471	3	,	,	PUNCT
cblr-9106	471	4	supra	supra	PROPN
cblr-9106	471	5	note	note	NOUN
cblr-9106	471	6	143	143	NUM
cblr-9106	471	7	.	.	PROPN
cblr-9106	471	8	150	150	NUM
cblr-9106	471	9	ronald	ronald	PROPN
cblr-9106	471	10	a.	a.	PROPN
cblr-9106	471	11	dye	dye	PROPN
cblr-9106	471	12	,	,	PUNCT
cblr-9106	471	13	disclosure	disclosure	NOUN
cblr-9106	471	14	of	of	ADP
cblr-9106	471	15	nonproprietary	nonproprietary	ADJ
cblr-9106	471	16	information	information	NOUN
cblr-9106	471	17	,	,	PUNCT
cblr-9106	471	18	23	23	NUM
cblr-9106	471	19	j.	j.	PROPN
cblr-9106	471	20	acct	acct	PROPN
cblr-9106	471	21	.	.	PUNCT
cblr-9106	472	1	res	re	NOUN
cblr-9106	472	2	.	.	PROPN
cblr-9106	473	1	123	123	NUM
cblr-9106	473	2	,	,	PUNCT
cblr-9106	473	3	125–26	125–26	NUM
cblr-9106	473	4	(	(	PUNCT
cblr-9106	473	5	1985	1985	NUM
cblr-9106	473	6	)	)	PUNCT
cblr-9106	473	7	.	.	PUNCT
cblr-9106	474	1	151	151	NUM
cblr-9106	474	2	see	see	VERB
cblr-9106	474	3	,	,	PUNCT
cblr-9106	474	4	e.g.	e.g.	ADV
cblr-9106	474	5	i	i	PROPN
cblr-9106	474	6	d.	d.	PROPN
cblr-9106	474	7	at	at	ADP
cblr-9106	474	8	128	128	NUM
cblr-9106	474	9	.	.	PUNCT
cblr-9106	474	10	1120	1120	NUM
cblr-9106	474	11	columbia	columbia	PROPN
cblr-9106	474	12	business	business	NOUN
cblr-9106	474	13	law	law	PROPN
cblr-9106	474	14	review	review	NOUN
cblr-9106	474	15	[	[	X
cblr-9106	474	16	vol	vol	NOUN
cblr-9106	474	17	.	.	PUNCT
cblr-9106	474	18	2021	2021	NUM
cblr-9106	474	19	they	they	PRON
cblr-9106	474	20	would	would	AUX
cblr-9106	474	21	were	be	AUX
cblr-9106	474	22	investors	investor	NOUN
cblr-9106	474	23	fully	fully	ADV
cblr-9106	474	24	aware	aware	ADJ
cblr-9106	474	25	of	of	ADP
cblr-9106	474	26	their	their	PRON
cblr-9106	474	27	position	position	NOUN
cblr-9106	474	28	,	,	PUNCT
cblr-9106	474	29	such	such	ADJ
cblr-9106	474	30	firms	firm	NOUN
cblr-9106	474	31	will	will	AUX
cblr-9106	474	32	only	only	ADV
cblr-9106	474	33	have	have	VERB
cblr-9106	474	34	an	an	DET
cblr-9106	474	35	incentive	incentive	NOUN
cblr-9106	474	36	to	to	PART
cblr-9106	474	37	disclose	disclose	VERB
cblr-9106	474	38	if	if	SCONJ
cblr-9106	474	39	the	the	DET
cblr-9106	474	40	resultant	resultant	VERB
cblr-9106	474	41	lower	low	ADJ
cblr-9106	474	42	cost	cost	NOUN
cblr-9106	474	43	of	of	ADP
cblr-9106	474	44	capital	capital	NOUN
cblr-9106	474	45	outweighs	outweigh	VERB
cblr-9106	474	46	the	the	DET
cblr-9106	474	47	direct	direct	ADJ
cblr-9106	474	48	costs	cost	NOUN
cblr-9106	474	49	of	of	ADP
cblr-9106	474	50	the	the	DET
cblr-9106	474	51	disclosures	disclosure	NOUN
cblr-9106	474	52	and	and	CCONJ
cblr-9106	474	53	the	the	DET
cblr-9106	474	54	losses	loss	NOUN
cblr-9106	474	55	ensuing	ensue	VERB
cblr-9106	474	56	from	from	ADP
cblr-9106	474	57	their	their	PRON
cblr-9106	474	58	competitors	competitor	NOUN
cblr-9106	474	59	’	'	PUNCT
cblr-9106	474	60	access	access	NOUN
cblr-9106	474	61	to	to	ADP
cblr-9106	474	62	the	the	DET
cblr-9106	474	63	revealed	reveal	VERB
cblr-9106	474	64	information	information	NOUN
cblr-9106	474	65	.	.	PUNCT
cblr-9106	475	1	the	the	DET
cblr-9106	475	2	signaling	signal	VERB
cblr-9106	475	3	value	value	NOUN
cblr-9106	475	4	of	of	ADP
cblr-9106	475	5	disclosure	disclosure	NOUN
cblr-9106	475	6	is	be	AUX
cblr-9106	475	7	muted	mute	VERB
cblr-9106	475	8	and	and	CCONJ
cblr-9106	475	9	non	non	ADJ
cblr-9106	475	10	-	-	ADJ
cblr-9106	475	11	disclosure	disclosure	NOUN
cblr-9106	475	12	will	will	AUX
cblr-9106	475	13	still	still	ADV
cblr-9106	475	14	reflect	reflect	VERB
cblr-9106	475	15	a	a	DET
cblr-9106	475	16	(	(	PUNCT
cblr-9106	475	17	partial	partial	ADJ
cblr-9106	475	18	)	)	PUNCT
cblr-9106	475	19	pooling	pool	VERB
cblr-9106	475	20	equilibrium	equilibrium	NOUN
cblr-9106	475	21	.	.	PUNCT
cblr-9106	476	1	emerging	emerge	VERB
cblr-9106	476	2	evidence	evidence	NOUN
cblr-9106	476	3	is	be	AUX
cblr-9106	476	4	supportive	supportive	ADJ
cblr-9106	476	5	of	of	ADP
cblr-9106	476	6	these	these	DET
cblr-9106	476	7	theoretical	theoretical	ADJ
cblr-9106	476	8	claims	claim	NOUN
cblr-9106	476	9	about	about	ADP
cblr-9106	476	10	the	the	DET
cblr-9106	476	11	trade	trade	NOUN
cblr-9106	476	12	-	-	PUNCT
cblr-9106	476	13	offs	off	NOUN
cblr-9106	476	14	firms	firm	NOUN
cblr-9106	476	15	face	face	VERB
cblr-9106	476	16	in	in	ADP
cblr-9106	476	17	undertaking	undertake	VERB
cblr-9106	476	18	disclosure	disclosure	NOUN
cblr-9106	476	19	.	.	PUNCT
cblr-9106	477	1	in	in	ADP
cblr-9106	477	2	a	a	DET
cblr-9106	477	3	recent	recent	ADJ
cblr-9106	477	4	contribution	contribution	NOUN
cblr-9106	477	5	,	,	PUNCT
cblr-9106	477	6	bolton	bolton	PROPN
cblr-9106	477	7	and	and	CCONJ
cblr-9106	477	8	kacperczyk	kacperczyk	PROPN
cblr-9106	477	9	study	study	VERB
cblr-9106	477	10	the	the	DET
cblr-9106	477	11	impact	impact	NOUN
cblr-9106	477	12	of	of	ADP
cblr-9106	477	13	carbon	carbon	NOUN
cblr-9106	477	14	disclosure	disclosure	NOUN
cblr-9106	477	15	mandates	mandate	NOUN
cblr-9106	477	16	in	in	ADP
cblr-9106	477	17	the	the	DET
cblr-9106	477	18	united	united	PROPN
cblr-9106	477	19	kingdom.152	kingdom.152	PROPN
cblr-9106	477	20	a	a	DET
cblr-9106	477	21	group	group	NOUN
cblr-9106	477	22	of	of	ADP
cblr-9106	477	23	u.k	u.k	PROPN
cblr-9106	477	24	.	.	PROPN
cblr-9106	477	25	public	public	ADJ
cblr-9106	477	26	companies	company	NOUN
cblr-9106	477	27	had	have	AUX
cblr-9106	477	28	already	already	ADV
cblr-9106	477	29	been	be	AUX
cblr-9106	477	30	making	make	VERB
cblr-9106	477	31	voluntary	voluntary	ADJ
cblr-9106	477	32	disclosures	disclosure	NOUN
cblr-9106	477	33	before	before	SCONJ
cblr-9106	477	34	mandatory	mandatory	ADJ
cblr-9106	477	35	disclosure	disclosure	NOUN
cblr-9106	477	36	of	of	ADP
cblr-9106	477	37	ghg	ghg	PROPN
cblr-9106	477	38	emissions	emission	NOUN
cblr-9106	477	39	was	be	AUX
cblr-9106	477	40	introduced	introduce	VERB
cblr-9106	477	41	for	for	ADP
cblr-9106	477	42	all	all	DET
cblr-9106	477	43	public	public	ADJ
cblr-9106	477	44	companies	company	NOUN
cblr-9106	477	45	from	from	ADP
cblr-9106	477	46	2013	2013	NUM
cblr-9106	477	47	onwards.153bolton	onwards.153bolton	PROPN
cblr-9106	477	48	and	and	CCONJ
cblr-9106	477	49	kacperczyk	kacperczyk	NOUN
cblr-9106	477	50	use	use	VERB
cblr-9106	477	51	a	a	DET
cblr-9106	477	52	difference	difference	NOUN
cblr-9106	477	53	-	-	PUNCT
cblr-9106	477	54	in	in	ADP
cblr-9106	477	55	-	-	PUNCT
cblr-9106	477	56	difference	difference	NOUN
cblr-9106	477	57	framework	framework	NOUN
cblr-9106	477	58	to	to	PART
cblr-9106	477	59	compare	compare	VERB
cblr-9106	477	60	the	the	DET
cblr-9106	477	61	impact	impact	NOUN
cblr-9106	477	62	of	of	ADP
cblr-9106	477	63	the	the	DET
cblr-9106	477	64	rule	rule	NOUN
cblr-9106	477	65	’s	’s	PART
cblr-9106	477	66	introduction	introduction	NOUN
cblr-9106	477	67	on	on	ADP
cblr-9106	477	68	firms	firm	NOUN
cblr-9106	477	69	that	that	PRON
cblr-9106	477	70	were	be	AUX
cblr-9106	477	71	already	already	ADV
cblr-9106	477	72	disclosing	disclose	VERB
cblr-9106	477	73	voluntarily	voluntarily	ADV
cblr-9106	477	74	beforehand	beforehand	ADV
cblr-9106	477	75	(	(	PUNCT
cblr-9106	477	76	the	the	DET
cblr-9106	477	77	control	control	NOUN
cblr-9106	477	78	group	group	NOUN
cblr-9106	477	79	)	)	PUNCT
cblr-9106	477	80	with	with	ADP
cblr-9106	477	81	firms	firm	NOUN
cblr-9106	477	82	that	that	SCONJ
cblr-9106	477	83	the	the	DET
cblr-9106	477	84	rule	rule	NOUN
cblr-9106	477	85	compelled	compel	VERB
cblr-9106	477	86	to	to	PART
cblr-9106	477	87	disclose	disclose	VERB
cblr-9106	477	88	for	for	ADP
cblr-9106	477	89	the	the	DET
cblr-9106	477	90	first	first	ADJ
cblr-9106	477	91	time	time	NOUN
cblr-9106	477	92	(	(	PUNCT
cblr-9106	477	93	the	the	DET
cblr-9106	477	94	treatment	treatment	NOUN
cblr-9106	477	95	group).154	group).154	VERB
cblr-9106	477	96	mandated	mandate	VERB
cblr-9106	477	97	reports	report	NOUN
cblr-9106	477	98	produced	produce	VERB
cblr-9106	477	99	by	by	ADP
cblr-9106	477	100	the	the	DET
cblr-9106	477	101	treatment	treatment	NOUN
cblr-9106	477	102	group	group	NOUN
cblr-9106	477	103	displayed	display	VERB
cblr-9106	477	104	some	some	DET
cblr-9106	477	105	divergence	divergence	NOUN
cblr-9106	477	106	from	from	ADP
cblr-9106	477	107	estimates	estimate	NOUN
cblr-9106	477	108	produced	produce	VERB
cblr-9106	477	109	using	use	VERB
cblr-9106	477	110	information	information	NOUN
cblr-9106	477	111	previously	previously	ADV
cblr-9106	477	112	available,155	available,155	ADP
cblr-9106	478	1	suggesting	suggest	VERB
cblr-9106	478	2	that	that	SCONJ
cblr-9106	478	3	the	the	DET
cblr-9106	478	4	new	new	ADJ
cblr-9106	478	5	disclosures	disclosure	NOUN
cblr-9106	478	6	conveyed	convey	VERB
cblr-9106	478	7	new	new	ADJ
cblr-9106	478	8	information.156	information.156	PROPN
cblr-9106	478	9	for	for	ADP
cblr-9106	478	10	treatment	treatment	NOUN
cblr-9106	478	11	firms	firm	NOUN
cblr-9106	478	12	for	for	ADP
cblr-9106	478	13	which	which	PRON
cblr-9106	478	14	the	the	DET
cblr-9106	478	15	mandated	mandate	VERB
cblr-9106	478	16	reports	report	NOUN
cblr-9106	478	17	indicated	indicate	VERB
cblr-9106	478	18	significantly	significantly	ADV
cblr-9106	478	19	higher	high	ADJ
cblr-9106	478	20	ghg	ghg	PROPN
cblr-9106	478	21	emissions	emission	NOUN
cblr-9106	478	22	than	than	SCONJ
cblr-9106	478	23	had	have	AUX
cblr-9106	478	24	previously	previously	ADV
cblr-9106	478	25	been	be	AUX
cblr-9106	478	26	imputed	impute	VERB
cblr-9106	478	27	,	,	PUNCT
cblr-9106	478	28	stock	stock	NOUN
cblr-9106	478	29	returns	return	NOUN
cblr-9106	478	30	increased	increase	VERB
cblr-9106	478	31	,	,	PUNCT
cblr-9106	478	32	implying	imply	VERB
cblr-9106	478	33	these	these	DET
cblr-9106	478	34	firms	firm	NOUN
cblr-9106	478	35	faced	face	VERB
cblr-9106	478	36	a	a	DET
cblr-9106	478	37	higher	high	ADJ
cblr-9106	478	38	cost	cost	NOUN
cblr-9106	478	39	of	of	ADP
cblr-9106	478	40	capital.157	capital.157	NOUN
cblr-9106	478	41	this	this	PRON
cblr-9106	478	42	is	be	AUX
cblr-9106	478	43	consistent	consistent	ADJ
cblr-9106	478	44	with	with	ADP
cblr-9106	478	45	non	non	ADJ
cblr-9106	478	46	-	-	NOUN
cblr-9106	478	47	disclosure	disclosure	NOUN
cblr-9106	478	48	by	by	ADP
cblr-9106	478	49	these	these	DET
cblr-9106	478	50	firms	firm	NOUN
cblr-9106	478	51	under	under	ADP
cblr-9106	478	52	the	the	DET
cblr-9106	478	53	prior	prior	ADJ
cblr-9106	478	54	,	,	PUNCT
cblr-9106	478	55	voluntary	voluntary	ADJ
cblr-9106	478	56	,	,	PUNCT
cblr-9106	478	57	regime	regime	NOUN
cblr-9106	478	58	having	having	AUX
cblr-9106	478	59	reflected	reflect	VERB
cblr-9106	478	60	a	a	DET
cblr-9106	478	61	152	152	NUM
cblr-9106	478	62	patrick	patrick	PROPN
cblr-9106	478	63	bolton	bolton	PROPN
cblr-9106	478	64	&	&	CCONJ
cblr-9106	478	65	marcin	marcin	PROPN
cblr-9106	478	66	kacperczyk	kacperczyk	VERB
cblr-9106	478	67	,	,	PUNCT
cblr-9106	478	68	carbon	carbon	NOUN
cblr-9106	478	69	disclosure	disclosure	NOUN
cblr-9106	478	70	and	and	CCONJ
cblr-9106	478	71	the	the	DET
cblr-9106	478	72	cost	cost	NOUN
cblr-9106	478	73	of	of	ADP
cblr-9106	478	74	capital	capital	NOUN
cblr-9106	478	75	(	(	PUNCT
cblr-9106	478	76	nov	nov	PROPN
cblr-9106	478	77	.	.	PROPN
cblr-9106	478	78	15	15	NUM
cblr-9106	478	79	,	,	PUNCT
cblr-9106	478	80	2020	2020	NUM
cblr-9106	478	81	)	)	PUNCT
cblr-9106	478	82	(	(	PUNCT
cblr-9106	478	83	unpublished	unpublished	ADJ
cblr-9106	478	84	manuscript	manuscript	NOUN
cblr-9106	478	85	)	)	PUNCT
cblr-9106	478	86	,	,	PUNCT
cblr-9106	479	1	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3755613	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3755613	PROPN
cblr-9106	480	1	[	[	X
cblr-9106	480	2	https://perma.cc/3eub-s77u	https://perma.cc/3eub-s77u	X
cblr-9106	480	3	]	]	PUNCT
cblr-9106	480	4	.	.	PUNCT
cblr-9106	481	1	153	153	NUM
cblr-9106	481	2	specifically	specifically	ADV
cblr-9106	481	3	,	,	PUNCT
cblr-9106	481	4	the	the	DET
cblr-9106	481	5	introduction	introduction	NOUN
cblr-9106	481	6	in	in	ADP
cblr-9106	481	7	2013	2013	NUM
cblr-9106	481	8	of	of	ADP
cblr-9106	481	9	a	a	DET
cblr-9106	481	10	requirement	requirement	NOUN
cblr-9106	481	11	for	for	SCONJ
cblr-9106	481	12	firms	firm	NOUN
cblr-9106	481	13	to	to	PART
cblr-9106	481	14	disclose	disclose	VERB
cblr-9106	481	15	their	their	PRON
cblr-9106	481	16	ghg	ghg	PROPN
cblr-9106	481	17	emissions	emission	NOUN
cblr-9106	481	18	.	.	PUNCT
cblr-9106	482	1	see	see	VERB
cblr-9106	482	2	supra	supra	PROPN
cblr-9106	482	3	note	note	PROPN
cblr-9106	482	4	106	106	NUM
cblr-9106	482	5	and	and	CCONJ
cblr-9106	482	6	accompanying	accompany	VERB
cblr-9106	482	7	text	text	NOUN
cblr-9106	482	8	.	.	PUNCT
cblr-9106	483	1	154	154	NUM
cblr-9106	483	2	bolton	bolton	PROPN
cblr-9106	483	3	&	&	CCONJ
cblr-9106	483	4	kacperczyk	kacperczyk	PROPN
cblr-9106	483	5	,	,	PUNCT
cblr-9106	483	6	supra	supra	PROPN
cblr-9106	483	7	note	note	NOUN
cblr-9106	483	8	152	152	NUM
cblr-9106	483	9	,	,	PUNCT
cblr-9106	483	10	at	at	ADP
cblr-9106	483	11	22	22	NUM
cblr-9106	483	12	.	.	PUNCT
cblr-9106	483	13	155	155	NUM
cblr-9106	483	14	nonprofits	nonprofit	NOUN
cblr-9106	483	15	such	such	ADJ
cblr-9106	483	16	as	as	ADP
cblr-9106	483	17	trucost	trucost	NOUN
cblr-9106	483	18	estimate	estimate	NOUN
cblr-9106	483	19	ghg	ghg	PROPN
cblr-9106	483	20	emissions	emission	NOUN
cblr-9106	483	21	for	for	ADP
cblr-9106	483	22	public	public	ADJ
cblr-9106	483	23	companies	company	NOUN
cblr-9106	483	24	even	even	ADV
cblr-9106	483	25	in	in	ADP
cblr-9106	483	26	the	the	DET
cblr-9106	483	27	absence	absence	NOUN
cblr-9106	483	28	of	of	ADP
cblr-9106	483	29	disclosure	disclosure	NOUN
cblr-9106	483	30	.	.	PUNCT
cblr-9106	484	1	i	i	PRON
cblr-9106	484	2	d.	d.	PROPN
cblr-9106	484	3	at	at	ADP
cblr-9106	484	4	3	3	NUM
cblr-9106	484	5	n.4	n.4	NOUN
cblr-9106	484	6	,	,	PUNCT
cblr-9106	484	7	5	5	NUM
cblr-9106	484	8	.	.	SYM
cblr-9106	484	9	156	156	NUM
cblr-9106	485	1	i	i	PRON
cblr-9106	485	2	d.	d.	NOUN
cblr-9106	485	3	at	at	ADP
cblr-9106	485	4	6	6	NUM
cblr-9106	485	5	.	.	NUM
cblr-9106	485	6	157	157	NUM
cblr-9106	486	1	i	i	NOUN
cblr-9106	486	2	d.	d.	PROPN
cblr-9106	486	3	no	no	INTJ
cblr-9106	486	4	.	.	PUNCT
cblr-9106	487	1	3:1085	3:1085	NUM
cblr-9106	487	2	]	]	X
cblr-9106	487	3	mandatory	mandatory	ADJ
cblr-9106	487	4	corporate	corporate	ADJ
cblr-9106	487	5	climate	climate	NOUN
cblr-9106	487	6	disclosures	disclosure	NOUN
cblr-9106	487	7	1121	1121	NUM
cblr-9106	487	8	pooling	pool	VERB
cblr-9106	487	9	equilibrium	equilibrium	NOUN
cblr-9106	487	10	.	.	PUNCT
cblr-9106	488	1	moreover	moreover	ADV
cblr-9106	488	2	,	,	PUNCT
cblr-9106	488	3	bolton	bolton	PROPN
cblr-9106	488	4	and	and	CCONJ
cblr-9106	488	5	kacperczyk	kacperczyk	PROPN
cblr-9106	488	6	also	also	ADV
cblr-9106	488	7	report	report	VERB
cblr-9106	488	8	that	that	SCONJ
cblr-9106	488	9	the	the	DET
cblr-9106	488	10	average	average	ADJ
cblr-9106	488	11	stock	stock	NOUN
cblr-9106	488	12	returns	return	NOUN
cblr-9106	488	13	,	,	PUNCT
cblr-9106	488	14	volatility	volatility	NOUN
cblr-9106	488	15	,	,	PUNCT
cblr-9106	488	16	and	and	CCONJ
cblr-9106	488	17	turnover	turnover	NOUN
cblr-9106	488	18	of	of	ADP
cblr-9106	488	19	firms	firm	NOUN
cblr-9106	488	20	disclosing	disclose	VERB
cblr-9106	488	21	for	for	ADP
cblr-9106	488	22	the	the	DET
cblr-9106	488	23	first	first	ADJ
cblr-9106	488	24	time	time	NOUN
cblr-9106	488	25	went	go	VERB
cblr-9106	488	26	down	down	ADV
cblr-9106	488	27	,	,	PUNCT
cblr-9106	488	28	strongly	strongly	ADV
cblr-9106	488	29	suggesting	suggest	VERB
cblr-9106	488	30	that	that	SCONJ
cblr-9106	488	31	disclosure	disclosure	NOUN
cblr-9106	488	32	had	have	AUX
cblr-9106	488	33	reduced	reduce	VERB
cblr-9106	488	34	uncertainty	uncertainty	NOUN
cblr-9106	488	35	in	in	ADP
cblr-9106	488	36	pricing.158	pricing.158	NOUN
cblr-9106	488	37	a	a	DET
cblr-9106	488	38	broader	broad	ADJ
cblr-9106	488	39	question	question	NOUN
cblr-9106	488	40	,	,	PUNCT
cblr-9106	488	41	and	and	CCONJ
cblr-9106	488	42	one	one	NUM
cblr-9106	488	43	that	that	PRON
cblr-9106	488	44	sheds	shed	VERB
cblr-9106	488	45	light	light	NOUN
cblr-9106	488	46	on	on	ADP
cblr-9106	488	47	the	the	DET
cblr-9106	488	48	quality	quality	NOUN
cblr-9106	488	49	of	of	ADP
cblr-9106	488	50	the	the	DET
cblr-9106	488	51	information	information	NOUN
cblr-9106	488	52	environment	environment	NOUN
cblr-9106	488	53	,	,	PUNCT
cblr-9106	488	54	is	be	AUX
cblr-9106	488	55	whether	whether	SCONJ
cblr-9106	488	56	markets	market	NOUN
cblr-9106	488	57	are	be	AUX
cblr-9106	488	58	currently	currently	ADV
cblr-9106	488	59	fully	fully	ADV
cblr-9106	488	60	pricing	price	VERB
cblr-9106	488	61	climate	climate	NOUN
cblr-9106	488	62	-	-	PUNCT
cblr-9106	488	63	related	relate	VERB
cblr-9106	488	64	risks.159	risks.159	NOUN
cblr-9106	488	65	as	as	SCONJ
cblr-9106	488	66	previously	previously	ADV
cblr-9106	488	67	mentioned	mention	VERB
cblr-9106	488	68	,	,	PUNCT
cblr-9106	488	69	evidence	evidence	NOUN
cblr-9106	488	70	shows	show	VERB
cblr-9106	488	71	that	that	SCONJ
cblr-9106	488	72	markets	market	NOUN
cblr-9106	488	73	are	be	AUX
cblr-9106	488	74	underestimating	underestimate	VERB
cblr-9106	488	75	such	such	ADJ
cblr-9106	488	76	risks.160	risks.160	ADJ
cblr-9106	488	77	if	if	SCONJ
cblr-9106	488	78	that	that	PRON
cblr-9106	488	79	is	be	AUX
cblr-9106	488	80	the	the	DET
cblr-9106	488	81	case	case	NOUN
cblr-9106	488	82	,	,	PUNCT
cblr-9106	488	83	increased	increase	VERB
cblr-9106	488	84	disclosures	disclosure	NOUN
cblr-9106	488	85	may	may	AUX
cblr-9106	488	86	lead	lead	VERB
cblr-9106	488	87	to	to	ADP
cblr-9106	488	88	a	a	DET
cblr-9106	488	89	downward	downward	ADJ
cblr-9106	488	90	re	re	NOUN
cblr-9106	488	91	-	-	NOUN
cblr-9106	488	92	adjustment	adjustment	NOUN
cblr-9106	488	93	of	of	ADP
cblr-9106	488	94	the	the	DET
cblr-9106	488	95	stock	stock	NOUN
cblr-9106	488	96	price	price	NOUN
cblr-9106	488	97	,	,	PUNCT
cblr-9106	488	98	which	which	PRON
cblr-9106	488	99	managers	manager	NOUN
cblr-9106	488	100	will	will	AUX
cblr-9106	488	101	be	be	AUX
cblr-9106	488	102	loath	loath	ADJ
cblr-9106	488	103	to	to	PART
cblr-9106	488	104	cause	cause	VERB
cblr-9106	488	105	by	by	ADP
cblr-9106	488	106	voluntarily	voluntarily	ADV
cblr-9106	488	107	providing	provide	VERB
cblr-9106	488	108	additional	additional	ADJ
cblr-9106	488	109	information.161	information.161	ADJ
cblr-9106	488	110	finally	finally	ADV
cblr-9106	488	111	,	,	PUNCT
cblr-9106	488	112	the	the	DET
cblr-9106	488	113	current	current	ADJ
cblr-9106	488	114	framework	framework	NOUN
cblr-9106	488	115	of	of	ADP
cblr-9106	488	116	voluntary	voluntary	ADJ
cblr-9106	488	117	disclosures	disclosure	NOUN
cblr-9106	488	118	gives	give	VERB
cblr-9106	488	119	rise	rise	NOUN
cblr-9106	488	120	to	to	ADP
cblr-9106	488	121	a	a	DET
cblr-9106	488	122	number	number	NOUN
cblr-9106	488	123	of	of	ADP
cblr-9106	488	124	competing	compete	VERB
cblr-9106	488	125	standards	standard	NOUN
cblr-9106	488	126	for	for	ADP
cblr-9106	488	127	disclosure.162	disclosure.162	ADP
cblr-9106	488	128	this	this	PRON
cblr-9106	488	129	allows	allow	VERB
cblr-9106	488	130	issuers	issuer	NOUN
cblr-9106	488	131	to	to	PART
cblr-9106	488	132	pick	pick	VERB
cblr-9106	488	133	and	and	CCONJ
cblr-9106	488	134	choose	choose	VERB
cblr-9106	488	135	,	,	PUNCT
cblr-9106	488	136	making	make	VERB
cblr-9106	488	137	158	158	NUM
cblr-9106	488	138	i	i	PRON
cblr-9106	488	139	d.	d.	PROPN
cblr-9106	488	140	for	for	ADP
cblr-9106	488	141	a	a	DET
cblr-9106	488	142	review	review	NOUN
cblr-9106	488	143	of	of	ADP
cblr-9106	488	144	the	the	DET
cblr-9106	488	145	literature	literature	NOUN
cblr-9106	488	146	on	on	ADP
cblr-9106	488	147	the	the	DET
cblr-9106	488	148	effects	effect	NOUN
cblr-9106	488	149	of	of	ADP
cblr-9106	488	150	climate	climate	NOUN
cblr-9106	488	151	change	change	NOUN
cblr-9106	488	152	perceptions	perception	NOUN
cblr-9106	488	153	on	on	ADP
cblr-9106	488	154	asset	asset	NOUN
cblr-9106	488	155	prices	price	NOUN
cblr-9106	488	156	,	,	PUNCT
cblr-9106	488	157	see	see	VERB
cblr-9106	488	158	ilhan	ilhan	PROPN
cblr-9106	488	159	et	et	PROPN
cblr-9106	488	160	al	al	PROPN
cblr-9106	488	161	.	.	PROPN
cblr-9106	488	162	,	,	PUNCT
cblr-9106	488	163	supra	supra	PROPN
cblr-9106	488	164	note	note	PROPN
cblr-9106	488	165	26	26	NUM
cblr-9106	488	166	,	,	PUNCT
cblr-9106	488	167	at	at	ADP
cblr-9106	488	168	1545–46	1545–46	NUM
cblr-9106	488	169	.	.	PUNCT
cblr-9106	489	1	159	159	NUM
cblr-9106	489	2	that	that	PRON
cblr-9106	489	3	markets	market	NOUN
cblr-9106	489	4	appear	appear	VERB
cblr-9106	489	5	to	to	PART
cblr-9106	489	6	be	be	AUX
cblr-9106	489	7	sensitive	sensitive	ADJ
cblr-9106	489	8	to	to	ADP
cblr-9106	489	9	carbon	carbon	NOUN
cblr-9106	489	10	emissions	emission	NOUN
cblr-9106	489	11	levels	level	NOUN
cblr-9106	489	12	does	do	AUX
cblr-9106	489	13	not	not	PART
cblr-9106	489	14	mean	mean	VERB
cblr-9106	489	15	that	that	SCONJ
cblr-9106	489	16	they	they	PRON
cblr-9106	489	17	have	have	VERB
cblr-9106	489	18	the	the	DET
cblr-9106	489	19	information	information	NOUN
cblr-9106	489	20	needed	need	VERB
cblr-9106	489	21	to	to	PART
cblr-9106	489	22	assess	assess	VERB
cblr-9106	489	23	and	and	CCONJ
cblr-9106	489	24	price	price	VERB
cblr-9106	489	25	all	all	DET
cblr-9106	489	26	climate	climate	NOUN
cblr-9106	489	27	-	-	PUNCT
cblr-9106	489	28	related	relate	VERB
cblr-9106	489	29	risks	risk	NOUN
cblr-9106	489	30	:	:	PUNCT
cblr-9106	489	31	a	a	DET
cblr-9106	489	32	firm	firm	NOUN
cblr-9106	489	33	’s	’s	PART
cblr-9106	489	34	physical	physical	ADJ
cblr-9106	489	35	risk	risk	NOUN
cblr-9106	489	36	is	be	AUX
cblr-9106	489	37	uncorrelated	uncorrelate	VERB
cblr-9106	489	38	with	with	ADP
cblr-9106	489	39	its	its	PRON
cblr-9106	489	40	emissions	emission	NOUN
cblr-9106	489	41	,	,	PUNCT
cblr-9106	489	42	while	while	SCONJ
cblr-9106	489	43	emissions	emission	NOUN
cblr-9106	489	44	and	and	CCONJ
cblr-9106	489	45	their	their	PRON
cblr-9106	489	46	changes	change	NOUN
cblr-9106	489	47	to	to	ADP
cblr-9106	489	48	-	-	PUNCT
cblr-9106	489	49	date	date	NOUN
cblr-9106	489	50	are	be	AUX
cblr-9106	489	51	just	just	ADV
cblr-9106	489	52	two	two	NUM
cblr-9106	489	53	of	of	ADP
cblr-9106	489	54	the	the	DET
cblr-9106	489	55	many	many	ADJ
cblr-9106	489	56	elements	element	NOUN
cblr-9106	489	57	for	for	ADP
cblr-9106	489	58	the	the	DET
cblr-9106	489	59	assessment	assessment	NOUN
cblr-9106	489	60	of	of	ADP
cblr-9106	489	61	transition	transition	NOUN
cblr-9106	489	62	risk	risk	NOUN
cblr-9106	489	63	.	.	PUNCT
cblr-9106	490	1	cf	cf	NOUN
cblr-9106	490	2	.	.	PUNCT
cblr-9106	491	1	sautner	sautner	PROPN
cblr-9106	491	2	et	et	PROPN
cblr-9106	491	3	al	al	PROPN
cblr-9106	491	4	.	.	PROPN
cblr-9106	491	5	,	,	PUNCT
cblr-9106	491	6	supra	supra	PROPN
cblr-9106	491	7	note	note	PROPN
cblr-9106	491	8	26	26	NUM
cblr-9106	491	9	,	,	PUNCT
cblr-9106	491	10	at	at	ADP
cblr-9106	491	11	1	1	NUM
cblr-9106	491	12	(	(	PUNCT
cblr-9106	491	13	“	"	PUNCT
cblr-9106	491	14	carbon	carbon	NOUN
cblr-9106	491	15	emissions	emission	NOUN
cblr-9106	491	16	primarily	primarily	ADV
cblr-9106	491	17	capture	capture	VERB
cblr-9106	491	18	downside	downside	ADJ
cblr-9106	491	19	regulatory	regulatory	ADJ
cblr-9106	491	20	(	(	PUNCT
cblr-9106	491	21	or	or	CCONJ
cblr-9106	491	22	transition	transition	NOUN
cblr-9106	491	23	)	)	PUNCT
cblr-9106	491	24	risks	risk	NOUN
cblr-9106	491	25	but	but	CCONJ
cblr-9106	491	26	do	do	AUX
cblr-9106	491	27	not	not	PART
cblr-9106	491	28	capture	capture	VERB
cblr-9106	491	29	physical	physical	ADJ
cblr-9106	491	30	risks	risk	NOUN
cblr-9106	491	31	or	or	CCONJ
cblr-9106	491	32	climate	climate	NOUN
cblr-9106	491	33	opportunities	opportunity	NOUN
cblr-9106	491	34	.	.	PUNCT
cblr-9106	492	1	in	in	ADP
cblr-9106	492	2	addition	addition	NOUN
cblr-9106	492	3	,	,	PUNCT
cblr-9106	492	4	they	they	PRON
cblr-9106	492	5	reflect	reflect	VERB
cblr-9106	492	6	firms	firm	NOUN
cblr-9106	492	7	’	’	PART
cblr-9106	492	8	historic	historic	ADJ
cblr-9106	492	9	business	business	NOUN
cblr-9106	492	10	models	model	NOUN
cblr-9106	492	11	[	[	X
cblr-9106	492	12	and	and	CCONJ
cblr-9106	492	13	]	]	PUNCT
cblr-9106	492	14	do	do	AUX
cblr-9106	492	15	not	not	PART
cblr-9106	492	16	allow	allow	VERB
cblr-9106	492	17	researchers	researcher	NOUN
cblr-9106	492	18	to	to	PART
cblr-9106	492	19	distinguish	distinguish	VERB
cblr-9106	492	20	between	between	ADP
cblr-9106	492	21	‘	'	PUNCT
cblr-9106	492	22	good	good	ADJ
cblr-9106	492	23	’	'	PUNCT
cblr-9106	492	24	and	and	CCONJ
cblr-9106	492	25	‘	'	PUNCT
cblr-9106	492	26	bad	bad	ADJ
cblr-9106	492	27	’	'	PUNCT
cblr-9106	492	28	emissions	emission	NOUN
cblr-9106	492	29	[	[	X
cblr-9106	492	30	.	.	X
cblr-9106	492	31	]	]	X
cblr-9106	492	32	”	"	PUNCT
cblr-9106	492	33	)	)	PUNCT
cblr-9106	492	34	.	.	PUNCT
cblr-9106	493	1	160	160	NUM
cblr-9106	493	2	see	see	VERB
cblr-9106	493	3	supra	supra	PROPN
cblr-9106	493	4	section	section	PROPN
cblr-9106	493	5	ii.b	ii.b	PROPN
cblr-9106	493	6	.	.	PUNCT
cblr-9106	494	1	for	for	ADP
cblr-9106	494	2	evidence	evidence	NOUN
cblr-9106	494	3	of	of	ADP
cblr-9106	494	4	mispricing	misprice	VERB
cblr-9106	494	5	compare	compare	NOUN
cblr-9106	494	6	,	,	PUNCT
cblr-9106	494	7	see	see	VERB
cblr-9106	494	8	philipp	philipp	PROPN
cblr-9106	494	9	krueger	krueger	PROPN
cblr-9106	494	10	et	et	PROPN
cblr-9106	494	11	al	al	PROPN
cblr-9106	494	12	.	.	PROPN
cblr-9106	494	13	,	,	PUNCT
cblr-9106	494	14	the	the	DET
cblr-9106	494	15	effects	effect	NOUN
cblr-9106	494	16	of	of	ADP
cblr-9106	494	17	mandatory	mandatory	ADJ
cblr-9106	494	18	esg	esg	PROPN
cblr-9106	494	19	disclosure	disclosure	NOUN
cblr-9106	494	20	around	around	ADP
cblr-9106	494	21	the	the	DET
cblr-9106	494	22	world	world	NOUN
cblr-9106	494	23	(	(	PUNCT
cblr-9106	494	24	eur	eur	PROPN
cblr-9106	494	25	.	.	PROPN
cblr-9106	494	26	corp	corp	PROPN
cblr-9106	494	27	.	.	PROPN
cblr-9106	494	28	governance	governance	PROPN
cblr-9106	494	29	inst	inst	PROPN
cblr-9106	494	30	.	.	PROPN
cblr-9106	494	31	,	,	PUNCT
cblr-9106	494	32	fin	fin	NOUN
cblr-9106	494	33	.	.	PUNCT
cblr-9106	495	1	working	work	VERB
cblr-9106	495	2	paper	paper	PROPN
cblr-9106	495	3	754/2021	754/2021	NUM
cblr-9106	495	4	,	,	PUNCT
cblr-9106	495	5	2021	2021	NUM
cblr-9106	495	6	)	)	PUNCT
cblr-9106	495	7	,	,	PUNCT
cblr-9106	495	8	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3832745	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3832745	PROPN
cblr-9106	495	9	(	(	PUNCT
cblr-9106	495	10	on	on	ADP
cblr-9106	495	11	file	file	NOUN
cblr-9106	495	12	with	with	ADP
cblr-9106	495	13	the	the	DET
cblr-9106	495	14	columbia	columbia	PROPN
cblr-9106	495	15	business	business	PROPN
cblr-9106	495	16	law	law	PROPN
cblr-9106	495	17	review	review	PROPN
cblr-9106	495	18	)	)	PUNCT
cblr-9106	495	19	(	(	PUNCT
cblr-9106	495	20	discussing	discuss	VERB
cblr-9106	495	21	how	how	SCONJ
cblr-9106	495	22	mandatory	mandatory	ADJ
cblr-9106	495	23	esg	esg	NOUN
cblr-9106	495	24	reporting	reporting	NOUN
cblr-9106	495	25	leads	lead	VERB
cblr-9106	495	26	to	to	ADP
cblr-9106	495	27	more	more	ADV
cblr-9106	495	28	accurate	accurate	ADJ
cblr-9106	495	29	analysts	analyst	NOUN
cblr-9106	495	30	’	’	PART
cblr-9106	495	31	earnings	earning	NOUN
cblr-9106	495	32	forecasts	forecast	NOUN
cblr-9106	495	33	and	and	CCONJ
cblr-9106	495	34	lower	low	ADJ
cblr-9106	495	35	risk	risk	NOUN
cblr-9106	495	36	of	of	ADP
cblr-9106	495	37	stock	stock	NOUN
cblr-9106	495	38	price	price	NOUN
cblr-9106	495	39	crash	crash	NOUN
cblr-9106	495	40	)	)	PUNCT
cblr-9106	495	41	.	.	PUNCT
cblr-9106	496	1	161	161	NUM
cblr-9106	496	2	condon	condon	NOUN
cblr-9106	496	3	,	,	PUNCT
cblr-9106	496	4	supra	supra	PROPN
cblr-9106	496	5	note	note	PROPN
cblr-9106	496	6	25	25	NUM
cblr-9106	496	7	,	,	PUNCT
cblr-9106	496	8	at	at	ADP
cblr-9106	496	9	22–26	22–26	NUM
cblr-9106	496	10	.	.	PUNCT
cblr-9106	497	1	on	on	ADP
cblr-9106	497	2	managers	manager	NOUN
cblr-9106	497	3	’	’	PART
cblr-9106	497	4	aversion	aversion	NOUN
cblr-9106	497	5	to	to	PART
cblr-9106	497	6	disclose	disclose	VERB
cblr-9106	497	7	bad	bad	ADJ
cblr-9106	497	8	news	news	NOUN
cblr-9106	497	9	,	,	PUNCT
cblr-9106	497	10	see	see	VERB
cblr-9106	497	11	reinier	reinier	ADJ
cblr-9106	497	12	kraakman	kraakman	ADJ
cblr-9106	497	13	,	,	PUNCT
cblr-9106	497	14	disclosure	disclosure	NOUN
cblr-9106	497	15	and	and	CCONJ
cblr-9106	497	16	corporate	corporate	ADJ
cblr-9106	497	17	governance	governance	NOUN
cblr-9106	497	18	:	:	PUNCT
cblr-9106	497	19	an	an	DET
cblr-9106	497	20	overview	overview	NOUN
cblr-9106	497	21	essay	essay	NOUN
cblr-9106	497	22	,	,	PUNCT
cblr-9106	497	23	in	in	ADP
cblr-9106	497	24	reforming	reform	VERB
cblr-9106	497	25	company	company	NOUN
cblr-9106	497	26	and	and	CCONJ
cblr-9106	497	27	takeover	takeover	NOUN
cblr-9106	497	28	law	law	NOUN
cblr-9106	497	29	in	in	ADP
cblr-9106	497	30	europe	europe	PROPN
cblr-9106	497	31	99	99	NUM
cblr-9106	497	32	–	–	PUNCT
cblr-9106	497	33	100	100	NUM
cblr-9106	497	34	(	(	PUNCT
cblr-9106	497	35	guido	guido	NOUN
cblr-9106	497	36	ferrarini	ferrarini	PROPN
cblr-9106	497	37	et	et	PROPN
cblr-9106	497	38	al	al	PROPN
cblr-9106	497	39	.	.	PUNCT
cblr-9106	498	1	eds	eds	PROPN
cblr-9106	498	2	.	.	PROPN
cblr-9106	498	3	,	,	PUNCT
cblr-9106	498	4	2004	2004	NUM
cblr-9106	498	5	)	)	PUNCT
cblr-9106	498	6	.	.	PUNCT
cblr-9106	499	1	162	162	NUM
cblr-9106	499	2	fisch	fisch	PROPN
cblr-9106	499	3	,	,	PUNCT
cblr-9106	499	4	supra	supra	PROPN
cblr-9106	499	5	note	note	NOUN
cblr-9106	499	6	139	139	NUM
cblr-9106	499	7	,	,	PUNCT
cblr-9106	499	8	at	at	ADP
cblr-9106	499	9	947	947	NUM
cblr-9106	499	10	.	.	PUNCT
cblr-9106	500	1	1122	1122	NUM
cblr-9106	500	2	columbia	columbia	PROPN
cblr-9106	500	3	business	business	NOUN
cblr-9106	500	4	law	law	PROPN
cblr-9106	500	5	review	review	NOUN
cblr-9106	500	6	[	[	X
cblr-9106	500	7	vol	vol	NOUN
cblr-9106	500	8	.	.	NOUN
cblr-9106	500	9	2021	2021	NUM
cblr-9106	500	10	it	it	PRON
cblr-9106	500	11	difficult	difficult	ADJ
cblr-9106	500	12	for	for	SCONJ
cblr-9106	500	13	users	user	NOUN
cblr-9106	500	14	to	to	PART
cblr-9106	500	15	make	make	VERB
cblr-9106	500	16	meaningful	meaningful	ADJ
cblr-9106	500	17	comparisons	comparison	NOUN
cblr-9106	500	18	across	across	ADP
cblr-9106	500	19	firms.163	firms.163	PROPN
cblr-9106	500	20	c.	c.	NOUN
cblr-9106	500	21	the	the	DET
cblr-9106	500	22	specific	specific	ADJ
cblr-9106	500	23	positive	positive	ADJ
cblr-9106	500	24	externalities	externality	NOUN
cblr-9106	500	25	of	of	ADP
cblr-9106	500	26	climate	climate	NOUN
cblr-9106	500	27	disclosures	disclosure	NOUN
cblr-9106	500	28	the	the	DET
cblr-9106	500	29	previous	previous	ADJ
cblr-9106	500	30	section	section	NOUN
cblr-9106	500	31	has	have	AUX
cblr-9106	500	32	shown	show	VERB
cblr-9106	500	33	why	why	SCONJ
cblr-9106	500	34	issuers	issuer	NOUN
cblr-9106	500	35	may	may	AUX
cblr-9106	500	36	provide	provide	VERB
cblr-9106	500	37	less	less	ADJ
cblr-9106	500	38	climate	climate	NOUN
cblr-9106	500	39	-	-	PUNCT
cblr-9106	500	40	related	relate	VERB
cblr-9106	500	41	information	information	NOUN
cblr-9106	500	42	than	than	SCONJ
cblr-9106	500	43	would	would	AUX
cblr-9106	500	44	be	be	AUX
cblr-9106	500	45	optimal	optimal	ADJ
cblr-9106	500	46	for	for	ADP
cblr-9106	500	47	the	the	DET
cblr-9106	500	48	efficient	efficient	ADJ
cblr-9106	500	49	functioning	functioning	NOUN
cblr-9106	500	50	of	of	ADP
cblr-9106	500	51	capital	capital	NOUN
cblr-9106	500	52	markets	market	NOUN
cblr-9106	500	53	.	.	PUNCT
cblr-9106	501	1	externalities	externality	NOUN
cblr-9106	501	2	arising	arise	VERB
cblr-9106	501	3	from	from	ADP
cblr-9106	501	4	information	information	NOUN
cblr-9106	501	5	relating	relate	VERB
cblr-9106	501	6	to	to	ADP
cblr-9106	501	7	climate	climate	NOUN
cblr-9106	501	8	change	change	NOUN
cblr-9106	501	9	go	go	VERB
cblr-9106	501	10	much	much	ADV
cblr-9106	501	11	beyond	beyond	ADP
cblr-9106	501	12	the	the	DET
cblr-9106	501	13	microcosm	microcosm	NOUN
cblr-9106	501	14	of	of	ADP
cblr-9106	501	15	capital	capital	NOUN
cblr-9106	501	16	markets	market	NOUN
cblr-9106	501	17	.	.	PUNCT
cblr-9106	502	1	climate	climate	NOUN
cblr-9106	502	2	change	change	NOUN
cblr-9106	502	3	-	-	PUNCT
cblr-9106	502	4	related	relate	VERB
cblr-9106	502	5	disclosures	disclosure	NOUN
cblr-9106	502	6	have	have	VERB
cblr-9106	502	7	the	the	DET
cblr-9106	502	8	peculiarity	peculiarity	NOUN
cblr-9106	502	9	of	of	ADP
cblr-9106	502	10	having	have	VERB
cblr-9106	502	11	a	a	DET
cblr-9106	502	12	positive	positive	ADJ
cblr-9106	502	13	impact	impact	NOUN
cblr-9106	502	14	on	on	ADP
cblr-9106	502	15	broader	broad	ADJ
cblr-9106	502	16	economic	economic	ADJ
cblr-9106	502	17	and	and	CCONJ
cblr-9106	502	18	societal	societal	ADJ
cblr-9106	502	19	dynamics	dynamic	NOUN
cblr-9106	502	20	,	,	PUNCT
cblr-9106	502	21	particularly	particularly	ADV
cblr-9106	502	22	in	in	ADP
cblr-9106	502	23	relation	relation	NOUN
cblr-9106	502	24	to	to	ADP
cblr-9106	502	25	the	the	DET
cblr-9106	502	26	speed	speed	NOUN
cblr-9106	502	27	and	and	CCONJ
cblr-9106	502	28	pathway	pathway	NOUN
cblr-9106	502	29	of	of	ADP
cblr-9106	502	30	the	the	DET
cblr-9106	502	31	net	net	ADJ
cblr-9106	502	32	-	-	PUNCT
cblr-9106	502	33	zero	zero	NUM
cblr-9106	502	34	transition	transition	NOUN
cblr-9106	502	35	.	.	PUNCT
cblr-9106	503	1	these	these	DET
cblr-9106	503	2	positive	positive	ADJ
cblr-9106	503	3	effects	effect	NOUN
cblr-9106	503	4	will	will	AUX
cblr-9106	503	5	be	be	AUX
cblr-9106	503	6	ignored	ignore	VERB
cblr-9106	503	7	by	by	ADP
cblr-9106	503	8	issuers	issuer	NOUN
cblr-9106	503	9	(	(	PUNCT
cblr-9106	503	10	and	and	CCONJ
cblr-9106	503	11	their	their	PRON
cblr-9106	503	12	managers	manager	NOUN
cblr-9106	503	13	)	)	PUNCT
cblr-9106	503	14	when	when	SCONJ
cblr-9106	503	15	deciding	decide	VERB
cblr-9106	503	16	whether	whether	SCONJ
cblr-9106	503	17	to	to	PART
cblr-9106	503	18	disclose	disclose	VERB
cblr-9106	503	19	climate	climate	NOUN
cblr-9106	503	20	changerelated	changerelate	VERB
cblr-9106	503	21	information	information	NOUN
cblr-9106	503	22	.	.	PUNCT
cblr-9106	504	1	the	the	DET
cblr-9106	504	2	proposition	proposition	NOUN
cblr-9106	504	3	that	that	SCONJ
cblr-9106	504	4	positive	positive	ADJ
cblr-9106	504	5	externalities	externality	NOUN
cblr-9106	504	6	of	of	ADP
cblr-9106	504	7	individual	individual	ADJ
cblr-9106	504	8	issuers	issuer	NOUN
cblr-9106	504	9	’	'	PUNCT
cblr-9106	504	10	disclosures	disclosure	NOUN
cblr-9106	504	11	go	go	VERB
cblr-9106	504	12	beyond	beyond	ADP
cblr-9106	504	13	their	their	PRON
cblr-9106	504	14	contribution	contribution	NOUN
cblr-9106	504	15	to	to	ADP
cblr-9106	504	16	better	well	ADJ
cblr-9106	504	17	pricing	pricing	NOUN
cblr-9106	504	18	of	of	ADP
cblr-9106	504	19	climate	climate	NOUN
cblr-9106	504	20	risks	risk	NOUN
cblr-9106	504	21	is	be	AUX
cblr-9106	504	22	especially	especially	ADV
cblr-9106	504	23	true	true	ADJ
cblr-9106	504	24	with	with	ADP
cblr-9106	504	25	transition	transition	NOUN
cblr-9106	504	26	risks	risk	NOUN
cblr-9106	504	27	and	and	CCONJ
cblr-9106	504	28	net	net	ADJ
cblr-9106	504	29	-	-	PUNCT
cblr-9106	504	30	zero	zero	NUM
cblr-9106	504	31	pledges	pledge	NOUN
cblr-9106	504	32	,	,	PUNCT
cblr-9106	504	33	for	for	ADP
cblr-9106	504	34	which	which	PRON
cblr-9106	504	35	interdependencies	interdependency	NOUN
cblr-9106	504	36	and	and	CCONJ
cblr-9106	504	37	feedback	feedback	NOUN
cblr-9106	504	38	loops	loop	NOUN
cblr-9106	504	39	between	between	ADP
cblr-9106	504	40	the	the	DET
cblr-9106	504	41	actions	action	NOUN
cblr-9106	504	42	of	of	ADP
cblr-9106	504	43	various	various	ADJ
cblr-9106	504	44	companies	company	NOUN
cblr-9106	504	45	are	be	AUX
cblr-9106	504	46	intuitively	intuitively	ADV
cblr-9106	504	47	significant	significant	ADJ
cblr-9106	504	48	.	.	PUNCT
cblr-9106	505	1	more	more	ADV
cblr-9106	505	2	generally	generally	ADV
cblr-9106	505	3	,	,	PUNCT
cblr-9106	505	4	information	information	NOUN
cblr-9106	505	5	about	about	ADP
cblr-9106	505	6	emissions	emission	NOUN
cblr-9106	505	7	from	from	ADP
cblr-9106	505	8	major	major	ADJ
cblr-9106	505	9	carbon	carbon	NOUN
cblr-9106	505	10	emitters	emitter	NOUN
cblr-9106	505	11	facilitate	facilitate	VERB
cblr-9106	505	12	the	the	DET
cblr-9106	505	13	macroassessment	macroassessment	NOUN
cblr-9106	505	14	of	of	ADP
cblr-9106	505	15	climate	climate	NOUN
cblr-9106	505	16	risks	risk	NOUN
cblr-9106	505	17	,	,	PUNCT
cblr-9106	505	18	which	which	PRON
cblr-9106	505	19	in	in	ADP
cblr-9106	505	20	turn	turn	NOUN
cblr-9106	505	21	feed	feed	VERB
cblr-9106	505	22	back	back	ADV
cblr-9106	505	23	into	into	ADP
cblr-9106	505	24	micro	micro	ADJ
cblr-9106	505	25	-	-	NOUN
cblr-9106	505	26	level	level	ADJ
cblr-9106	505	27	assessments	assessment	NOUN
cblr-9106	505	28	.	.	PUNCT
cblr-9106	506	1	in	in	ADP
cblr-9106	506	2	other	other	ADJ
cblr-9106	506	3	words	word	NOUN
cblr-9106	506	4	,	,	PUNCT
cblr-9106	506	5	information	information	NOUN
cblr-9106	506	6	about	about	ADP
cblr-9106	506	7	emissions	emission	NOUN
cblr-9106	506	8	and	and	CCONJ
cblr-9106	506	9	future	future	ADJ
cblr-9106	506	10	emission	emission	NOUN
cblr-9106	506	11	pathways	pathway	NOUN
cblr-9106	506	12	(	(	PUNCT
cblr-9106	506	13	especially	especially	ADV
cblr-9106	506	14	from	from	ADP
cblr-9106	506	15	those	those	PRON
cblr-9106	506	16	responsible	responsible	ADJ
cblr-9106	506	17	for	for	ADP
cblr-9106	506	18	a	a	DET
cblr-9106	506	19	large	large	ADJ
cblr-9106	506	20	part	part	NOUN
cblr-9106	506	21	of	of	ADP
cblr-9106	506	22	them	they	PRON
cblr-9106	506	23	)	)	PUNCT
cblr-9106	506	24	will	will	AUX
cblr-9106	506	25	allow	allow	VERB
cblr-9106	506	26	markets	market	NOUN
cblr-9106	506	27	to	to	PART
cblr-9106	506	28	make	make	VERB
cblr-9106	506	29	better	well	ADJ
cblr-9106	506	30	assessments	assessment	NOUN
cblr-9106	506	31	of	of	ADP
cblr-9106	506	32	the	the	DET
cblr-9106	506	33	(	(	PUNCT
cblr-9106	506	34	future	future	ADJ
cblr-9106	506	35	)	)	PUNCT
cblr-9106	506	36	pace	pace	NOUN
cblr-9106	506	37	of	of	ADP
cblr-9106	506	38	global	global	ADJ
cblr-9106	506	39	warming	warming	NOUN
cblr-9106	506	40	,	,	PUNCT
cblr-9106	506	41	thereby	thereby	ADV
cblr-9106	506	42	also	also	ADV
cblr-9106	506	43	allowing	allow	VERB
cblr-9106	506	44	for	for	ADP
cblr-9106	506	45	more	more	ADV
cblr-9106	506	46	accurate	accurate	ADJ
cblr-9106	506	47	estimates	estimate	NOUN
cblr-9106	506	48	163	163	NUM
cblr-9106	506	49	i	i	PRON
cblr-9106	506	50	d.	d.	NOUN
cblr-9106	506	51	for	for	ADP
cblr-9106	506	52	evidence	evidence	NOUN
cblr-9106	506	53	showing	show	VERB
cblr-9106	506	54	the	the	DET
cblr-9106	506	55	real	real	ADJ
cblr-9106	506	56	and	and	CCONJ
cblr-9106	506	57	financial	financial	ADJ
cblr-9106	506	58	effects	effect	NOUN
cblr-9106	506	59	of	of	ADP
cblr-9106	506	60	mandatory	mandatory	ADJ
cblr-9106	506	61	standardized	standardize	VERB
cblr-9106	506	62	emissions	emission	NOUN
cblr-9106	506	63	disclosures	disclosure	NOUN
cblr-9106	506	64	,	,	PUNCT
cblr-9106	506	65	see	see	VERB
cblr-9106	506	66	valentin	valentin	PROPN
cblr-9106	506	67	jouvenot	jouvenot	PROPN
cblr-9106	506	68	&	&	CCONJ
cblr-9106	506	69	philipp	philipp	PROPN
cblr-9106	506	70	krueger	krueger	PROPN
cblr-9106	506	71	,	,	PUNCT
cblr-9106	506	72	mandatory	mandatory	ADJ
cblr-9106	506	73	corporate	corporate	ADJ
cblr-9106	506	74	carbon	carbon	NOUN
cblr-9106	506	75	disclosure	disclosure	NOUN
cblr-9106	506	76	:	:	PUNCT
cblr-9106	506	77	evidence	evidence	NOUN
cblr-9106	506	78	from	from	ADP
cblr-9106	506	79	a	a	DET
cblr-9106	506	80	natural	natural	ADJ
cblr-9106	506	81	experiment	experiment	NOUN
cblr-9106	506	82	(	(	PUNCT
cblr-9106	506	83	july	july	PROPN
cblr-9106	506	84	13	13	NUM
cblr-9106	506	85	,	,	PUNCT
cblr-9106	506	86	2021	2021	NUM
cblr-9106	506	87	)	)	PUNCT
cblr-9106	506	88	(	(	PUNCT
cblr-9106	506	89	unpublished	unpublished	ADJ
cblr-9106	506	90	manuscript	manuscript	NOUN
cblr-9106	506	91	)	)	PUNCT
cblr-9106	506	92	,	,	PUNCT
cblr-9106	506	93	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3434490	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3434490	PROPN
cblr-9106	506	94	(	(	PUNCT
cblr-9106	506	95	on	on	ADP
cblr-9106	506	96	file	file	NOUN
cblr-9106	506	97	with	with	ADP
cblr-9106	506	98	the	the	DET
cblr-9106	506	99	columbia	columbia	PROPN
cblr-9106	506	100	business	business	PROPN
cblr-9106	506	101	law	law	PROPN
cblr-9106	506	102	review	review	PROPN
cblr-9106	506	103	)	)	PUNCT
cblr-9106	506	104	(	(	PUNCT
cblr-9106	506	105	showing	show	VERB
cblr-9106	506	106	that	that	SCONJ
cblr-9106	506	107	firms	firm	NOUN
cblr-9106	506	108	that	that	PRON
cblr-9106	506	109	already	already	ADV
cblr-9106	506	110	voluntarily	voluntarily	ADV
cblr-9106	506	111	disclosed	disclose	VERB
cblr-9106	506	112	their	their	PRON
cblr-9106	506	113	emissions	emission	NOUN
cblr-9106	506	114	prior	prior	ADV
cblr-9106	506	115	to	to	ADP
cblr-9106	506	116	the	the	DET
cblr-9106	506	117	united	united	PROPN
cblr-9106	506	118	kingdom	kingdom	PROPN
cblr-9106	506	119	made	make	VERB
cblr-9106	506	120	such	such	ADJ
cblr-9106	506	121	disclosures	disclosure	NOUN
cblr-9106	506	122	mandatory	mandatory	ADJ
cblr-9106	506	123	and	and	CCONJ
cblr-9106	506	124	standardized	standardized	ADJ
cblr-9106	506	125	subsequently	subsequently	ADV
cblr-9106	506	126	reduced	reduce	VERB
cblr-9106	506	127	their	their	PRON
cblr-9106	506	128	emissions	emission	NOUN
cblr-9106	506	129	in	in	ADP
cblr-9106	506	130	response	response	NOUN
cblr-9106	506	131	to	to	ADP
cblr-9106	506	132	equity	equity	NOUN
cblr-9106	506	133	markets	market	NOUN
cblr-9106	506	134	’	'	PUNCT
cblr-9106	506	135	reaction	reaction	NOUN
cblr-9106	506	136	to	to	ADP
cblr-9106	506	137	the	the	DET
cblr-9106	506	138	disclosed	disclose	VERB
cblr-9106	506	139	information	information	NOUN
cblr-9106	506	140	)	)	PUNCT
cblr-9106	506	141	.	.	PUNCT
cblr-9106	507	1	no	no	INTJ
cblr-9106	507	2	.	.	NOUN
cblr-9106	508	1	3:1085	3:1085	NUM
cblr-9106	508	2	]	]	X
cblr-9106	508	3	mandatory	mandatory	ADJ
cblr-9106	508	4	corporate	corporate	ADJ
cblr-9106	508	5	climate	climate	NOUN
cblr-9106	508	6	disclosures	disclosure	NOUN
cblr-9106	508	7	1123	1123	NUM
cblr-9106	508	8	of	of	ADP
cblr-9106	508	9	physical	physical	ADJ
cblr-9106	508	10	risk	risk	NOUN
cblr-9106	508	11	and	and	CCONJ
cblr-9106	508	12	informing	inform	VERB
cblr-9106	508	13	evaluations	evaluation	NOUN
cblr-9106	508	14	of	of	ADP
cblr-9106	508	15	individual	individual	ADJ
cblr-9106	508	16	issuers	issuer	NOUN
cblr-9106	508	17	’	'	PUNCT
cblr-9106	508	18	(	(	PUNCT
cblr-9106	508	19	including	include	VERB
cblr-9106	508	20	major	major	ADJ
cblr-9106	508	21	carbon	carbon	NOUN
cblr-9106	508	22	emitters	emitter	NOUN
cblr-9106	508	23	’	'	PUNCT
cblr-9106	508	24	and	and	CCONJ
cblr-9106	508	25	their	their	PRON
cblr-9106	508	26	suppliers	supplier	NOUN
cblr-9106	508	27	’	'	PUNCT
cblr-9106	508	28	)	)	PUNCT
cblr-9106	508	29	transition	transition	NOUN
cblr-9106	508	30	risks	risk	NOUN
cblr-9106	508	31	.	.	PUNCT
cblr-9106	509	1	increased	increase	VERB
cblr-9106	509	2	availability	availability	NOUN
cblr-9106	509	3	of	of	ADP
cblr-9106	509	4	information	information	NOUN
cblr-9106	509	5	about	about	ADP
cblr-9106	509	6	individual	individual	ADJ
cblr-9106	509	7	firms	firm	NOUN
cblr-9106	509	8	’	'	PUNCT
cblr-9106	509	9	behavior	behavior	NOUN
cblr-9106	509	10	affecting	affect	VERB
cblr-9106	509	11	climate	climate	NOUN
cblr-9106	509	12	change	change	NOUN
cblr-9106	509	13	may	may	AUX
cblr-9106	509	14	also	also	ADV
cblr-9106	509	15	influence	influence	VERB
cblr-9106	509	16	investor	investor	NOUN
cblr-9106	509	17	and	and	CCONJ
cblr-9106	509	18	corporate	corporate	ADJ
cblr-9106	509	19	choices	choice	NOUN
cblr-9106	509	20	.	.	PUNCT
cblr-9106	510	1	for	for	ADP
cblr-9106	510	2	example	example	NOUN
cblr-9106	510	3	,	,	PUNCT
cblr-9106	510	4	when	when	SCONJ
cblr-9106	510	5	the	the	DET
cblr-9106	510	6	united	united	PROPN
cblr-9106	510	7	kingdom	kingdom	PROPN
cblr-9106	510	8	introduced	introduce	VERB
cblr-9106	510	9	a	a	DET
cblr-9106	510	10	carbon	carbon	NOUN
cblr-9106	510	11	reporting	reporting	NOUN
cblr-9106	510	12	mandate	mandate	NOUN
cblr-9106	510	13	in	in	ADP
cblr-9106	510	14	2013	2013	NUM
cblr-9106	510	15	,	,	PUNCT
cblr-9106	510	16	requiring	require	VERB
cblr-9106	510	17	listed	list	VERB
cblr-9106	510	18	companies	company	NOUN
cblr-9106	510	19	to	to	PART
cblr-9106	510	20	report	report	VERB
cblr-9106	510	21	their	their	PRON
cblr-9106	510	22	ghg	ghg	PROPN
cblr-9106	510	23	emissions	emission	NOUN
cblr-9106	510	24	for	for	ADP
cblr-9106	510	25	their	their	PRON
cblr-9106	510	26	entire	entire	ADJ
cblr-9106	510	27	organization	organization	NOUN
cblr-9106	510	28	in	in	ADP
cblr-9106	510	29	their	their	PRON
cblr-9106	510	30	annual	annual	ADJ
cblr-9106	510	31	financial	financial	ADJ
cblr-9106	510	32	reports	report	NOUN
cblr-9106	510	33	,	,	PUNCT
cblr-9106	510	34	the	the	DET
cblr-9106	510	35	affected	affect	VERB
cblr-9106	510	36	firms	firm	NOUN
cblr-9106	510	37	lowered	lower	VERB
cblr-9106	510	38	their	their	PRON
cblr-9106	510	39	emissions.164	emissions.164	NUM
cblr-9106	510	40	peer	peer	NOUN
cblr-9106	510	41	benchmarking165	benchmarking165	PROPN
cblr-9106	510	42	and	and	CCONJ
cblr-9106	510	43	investor	investor	NOUN
cblr-9106	510	44	pressure166	pressure166	PROPN
cblr-9106	510	45	could	could	AUX
cblr-9106	510	46	act	act	VERB
cblr-9106	510	47	as	as	ADP
cblr-9106	510	48	mechanisms	mechanism	NOUN
cblr-9106	510	49	to	to	PART
cblr-9106	510	50	drive	drive	VERB
cblr-9106	510	51	such	such	ADJ
cblr-9106	510	52	change	change	NOUN
cblr-9106	510	53	.	.	PUNCT
cblr-9106	511	1	finally	finally	ADV
cblr-9106	511	2	,	,	PUNCT
cblr-9106	511	3	a	a	DET
cblr-9106	511	4	standardized	standardized	ADJ
cblr-9106	511	5	,	,	PUNCT
cblr-9106	511	6	structured	structured	ADJ
cblr-9106	511	7	climate	climate	NOUN
cblr-9106	511	8	risk	risk	NOUN
cblr-9106	511	9	disclosure	disclosure	NOUN
cblr-9106	511	10	framework	framework	NOUN
cblr-9106	511	11	has	have	VERB
cblr-9106	511	12	the	the	DET
cblr-9106	511	13	potential	potential	NOUN
cblr-9106	511	14	not	not	PART
cblr-9106	511	15	just	just	ADV
cblr-9106	511	16	to	to	PART
cblr-9106	511	17	track	track	VERB
cblr-9106	511	18	the	the	DET
cblr-9106	511	19	evolution	evolution	NOUN
cblr-9106	511	20	of	of	ADP
cblr-9106	511	21	the	the	DET
cblr-9106	511	22	relevant	relevant	ADJ
cblr-9106	511	23	phenomena	phenomenon	NOUN
cblr-9106	511	24	,	,	PUNCT
cblr-9106	511	25	but	but	CCONJ
cblr-9106	511	26	also	also	ADV
cblr-9106	511	27	to	to	PART
cblr-9106	511	28	actually	actually	ADV
cblr-9106	511	29	accelerate	accelerate	VERB
cblr-9106	511	30	our	our	PRON
cblr-9106	511	31	understanding	understanding	NOUN
cblr-9106	511	32	thereof	thereof	ADV
cblr-9106	511	33	.	.	PUNCT
cblr-9106	512	1	comprehensive	comprehensive	ADJ
cblr-9106	512	2	information	information	NOUN
cblr-9106	512	3	about	about	ADP
cblr-9106	512	4	corporate	corporate	ADJ
cblr-9106	512	5	risks	risk	NOUN
cblr-9106	512	6	and	and	CCONJ
cblr-9106	512	7	actions	action	NOUN
cblr-9106	512	8	can	can	AUX
cblr-9106	512	9	be	be	AUX
cblr-9106	512	10	used	use	VERB
cblr-9106	512	11	not	not	PART
cblr-9106	512	12	just	just	ADV
cblr-9106	512	13	by	by	ADP
cblr-9106	512	14	professional	professional	ADJ
cblr-9106	512	15	traders	trader	NOUN
cblr-9106	512	16	to	to	PART
cblr-9106	512	17	more	more	ADV
cblr-9106	512	18	accurately	accurately	ADV
cblr-9106	512	19	price	price	NOUN
cblr-9106	512	20	securities	security	NOUN
cblr-9106	512	21	,	,	PUNCT
cblr-9106	512	22	but	but	CCONJ
cblr-9106	512	23	also	also	ADV
cblr-9106	512	24	by	by	ADP
cblr-9106	512	25	scientists	scientist	NOUN
cblr-9106	512	26	,	,	PUNCT
cblr-9106	512	27	governments	government	NOUN
cblr-9106	512	28	,	,	PUNCT
cblr-9106	512	29	and	and	CCONJ
cblr-9106	512	30	others	other	NOUN
cblr-9106	512	31	to	to	PART
cblr-9106	512	32	understand	understand	VERB
cblr-9106	512	33	the	the	DET
cblr-9106	512	34	aggregate	aggregate	ADJ
cblr-9106	512	35	picture	picture	NOUN
cblr-9106	512	36	and	and	CCONJ
cblr-9106	512	37	issue	issue	NOUN
cblr-9106	512	38	(	(	PUNCT
cblr-9106	512	39	or	or	CCONJ
cblr-9106	512	40	pressure	pressure	NOUN
cblr-9106	512	41	for	for	ADP
cblr-9106	512	42	)	)	PUNCT
cblr-9106	512	43	better	well	ADV
cblr-9106	512	44	-	-	PUNCT
cblr-9106	512	45	informed	inform	VERB
cblr-9106	512	46	policies	policy	NOUN
cblr-9106	512	47	.	.	PUNCT
cblr-9106	513	1	in	in	ADP
cblr-9106	513	2	other	other	ADJ
cblr-9106	513	3	words	word	NOUN
cblr-9106	513	4	,	,	PUNCT
cblr-9106	513	5	mandatory	mandatory	ADJ
cblr-9106	513	6	disclosure	disclosure	NOUN
cblr-9106	513	7	can	can	AUX
cblr-9106	513	8	jumpstart	jumpstart	VERB
cblr-9106	513	9	a	a	DET
cblr-9106	513	10	learning	learning	NOUN
cblr-9106	513	11	process	process	NOUN
cblr-9106	513	12	about	about	ADP
cblr-9106	513	13	climate	climate	NOUN
cblr-9106	513	14	change	change	NOUN
cblr-9106	513	15	and	and	CCONJ
cblr-9106	513	16	collective	collective	ADJ
cblr-9106	513	17	human	human	ADJ
cblr-9106	513	18	164	164	NUM
cblr-9106	513	19	see	see	VERB
cblr-9106	513	20	hans	hans	PROPN
cblr-9106	513	21	b.	b.	PROPN
cblr-9106	513	22	christensen	christensen	PROPN
cblr-9106	513	23	,	,	PUNCT
cblr-9106	513	24	luzi	luzi	PROPN
cblr-9106	513	25	hail	hail	PROPN
cblr-9106	513	26	&	&	CCONJ
cblr-9106	513	27	christian	christian	PROPN
cblr-9106	513	28	leuz	leuz	PROPN
cblr-9106	513	29	,	,	PUNCT
cblr-9106	513	30	mandatory	mandatory	ADJ
cblr-9106	513	31	csr	csr	X
cblr-9106	513	32	and	and	CCONJ
cblr-9106	513	33	sustainability	sustainability	NOUN
cblr-9106	513	34	reporting	reporting	NOUN
cblr-9106	513	35	:	:	PUNCT
cblr-9106	513	36	economic	economic	ADJ
cblr-9106	513	37	analysis	analysis	NOUN
cblr-9106	513	38	and	and	CCONJ
cblr-9106	513	39	literature	literature	NOUN
cblr-9106	513	40	review	review	PROPN
cblr-9106	513	41	,	,	PUNCT
cblr-9106	513	42	26	26	NUM
cblr-9106	513	43	rev	rev	X
cblr-9106	513	44	.	.	PROPN
cblr-9106	514	1	acct	acct	NOUN
cblr-9106	514	2	.	.	PUNCT
cblr-9106	514	3	stud	stud	PROPN
cblr-9106	514	4	.	.	PUNCT
cblr-9106	515	1	1176	1176	NUM
cblr-9106	515	2	,	,	PUNCT
cblr-9106	515	3	1214	1214	NUM
cblr-9106	515	4	(	(	PUNCT
cblr-9106	515	5	2021	2021	NUM
cblr-9106	515	6	)	)	PUNCT
cblr-9106	516	1	(	(	PUNCT
cblr-9106	516	2	discussing	discuss	VERB
cblr-9106	516	3	empirical	empirical	ADJ
cblr-9106	516	4	studies	study	NOUN
cblr-9106	516	5	that	that	PRON
cblr-9106	516	6	find	find	VERB
cblr-9106	516	7	that	that	SCONJ
cblr-9106	516	8	the	the	DET
cblr-9106	516	9	affected	affected	ADJ
cblr-9106	516	10	firms	firm	NOUN
cblr-9106	516	11	lowered	lower	VERB
cblr-9106	516	12	their	their	PRON
cblr-9106	516	13	emissions	emission	NOUN
cblr-9106	516	14	by	by	ADP
cblr-9106	516	15	ten	ten	NUM
cblr-9106	516	16	to	to	PART
cblr-9106	516	17	eighteen	eighteen	NUM
cblr-9106	516	18	percent	percent	NOUN
cblr-9106	516	19	)	)	PUNCT
cblr-9106	516	20	.	.	PUNCT
cblr-9106	517	1	165	165	NUM
cblr-9106	517	2	see	see	VERB
cblr-9106	517	3	sorabh	sorabh	PROPN
cblr-9106	517	4	tomar	tomar	PROPN
cblr-9106	517	5	,	,	PUNCT
cblr-9106	517	6	greenhouse	greenhouse	NOUN
cblr-9106	517	7	gas	gas	NOUN
cblr-9106	517	8	disclosure	disclosure	NOUN
cblr-9106	517	9	and	and	CCONJ
cblr-9106	517	10	emissions	emission	NOUN
cblr-9106	517	11	benchmarking	benchmarke	VERB
cblr-9106	517	12	26	26	NUM
cblr-9106	517	13	(	(	PUNCT
cblr-9106	517	14	oct	oct	PROPN
cblr-9106	517	15	.	.	PROPN
cblr-9106	517	16	27	27	NUM
cblr-9106	517	17	,	,	PUNCT
cblr-9106	517	18	2021	2021	NUM
cblr-9106	517	19	)	)	PUNCT
cblr-9106	517	20	(	(	PUNCT
cblr-9106	517	21	unpublished	unpublished	ADJ
cblr-9106	517	22	manuscript	manuscript	NOUN
cblr-9106	517	23	)	)	PUNCT
cblr-9106	517	24	,	,	PUNCT
cblr-9106	517	25	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3448904	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3448904	PROPN
cblr-9106	517	26	(	(	PUNCT
cblr-9106	517	27	on	on	ADP
cblr-9106	517	28	file	file	NOUN
cblr-9106	517	29	with	with	ADP
cblr-9106	517	30	the	the	DET
cblr-9106	517	31	columbia	columbia	PROPN
cblr-9106	517	32	business	business	PROPN
cblr-9106	517	33	law	law	PROPN
cblr-9106	517	34	review	review	PROPN
cblr-9106	517	35	)	)	PUNCT
cblr-9106	517	36	(	(	PUNCT
cblr-9106	517	37	finding	find	VERB
cblr-9106	517	38	that	that	SCONJ
cblr-9106	517	39	emission	emission	NOUN
cblr-9106	517	40	reductions	reduction	NOUN
cblr-9106	517	41	are	be	AUX
cblr-9106	517	42	correlated	correlate	VERB
cblr-9106	517	43	with	with	ADP
cblr-9106	517	44	disclosure	disclosure	NOUN
cblr-9106	517	45	of	of	ADP
cblr-9106	517	46	information	information	NOUN
cblr-9106	517	47	,	,	PUNCT
cblr-9106	517	48	which	which	PRON
cblr-9106	517	49	may	may	AUX
cblr-9106	517	50	support	support	VERB
cblr-9106	517	51	peer	peer	NOUN
cblr-9106	517	52	benchmarking	benchmarking	NOUN
cblr-9106	517	53	)	)	PUNCT
cblr-9106	517	54	.	.	PUNCT
cblr-9106	518	1	tomar	tomar	NOUN
cblr-9106	518	2	notes	note	NOUN
cblr-9106	518	3	,	,	PUNCT
cblr-9106	518	4	however	however	ADV
cblr-9106	518	5	,	,	PUNCT
cblr-9106	518	6	that	that	SCONJ
cblr-9106	518	7	such	such	ADJ
cblr-9106	518	8	correlation	correlation	NOUN
cblr-9106	518	9	could	could	AUX
cblr-9106	518	10	be	be	AUX
cblr-9106	518	11	caused	cause	VERB
cblr-9106	518	12	by	by	ADP
cblr-9106	518	13	technological	technological	ADJ
cblr-9106	518	14	convergence	convergence	NOUN
cblr-9106	518	15	or	or	CCONJ
cblr-9106	518	16	mean	mean	ADJ
cblr-9106	518	17	-	-	PUNCT
cblr-9106	518	18	reversion	reversion	NOUN
cblr-9106	518	19	,	,	PUNCT
cblr-9106	518	20	not	not	PART
cblr-9106	518	21	disclosure	disclosure	NOUN
cblr-9106	518	22	.	.	PUNCT
cblr-9106	519	1	i	i	PRON
cblr-9106	519	2	d.	d.	PROPN
cblr-9106	519	3	in	in	ADP
cblr-9106	519	4	this	this	DET
cblr-9106	519	5	context	context	NOUN
cblr-9106	519	6	,	,	PUNCT
cblr-9106	519	7	peer	peer	NOUN
cblr-9106	519	8	benchmarking	benchmarking	NOUN
cblr-9106	519	9	is	be	AUX
cblr-9106	519	10	the	the	DET
cblr-9106	519	11	theory	theory	NOUN
cblr-9106	519	12	that	that	SCONJ
cblr-9106	519	13	firms	firm	NOUN
cblr-9106	519	14	assess	assess	VERB
cblr-9106	519	15	their	their	PRON
cblr-9106	519	16	own	own	ADJ
cblr-9106	519	17	ghg	ghg	PROPN
cblr-9106	519	18	emissions	emission	NOUN
cblr-9106	519	19	in	in	ADP
cblr-9106	519	20	the	the	DET
cblr-9106	519	21	context	context	NOUN
cblr-9106	519	22	of	of	ADP
cblr-9106	519	23	peer	peer	NOUN
cblr-9106	519	24	companies	company	NOUN
cblr-9106	519	25	’	’	PART
cblr-9106	519	26	emission	emission	NOUN
cblr-9106	519	27	levels	level	NOUN
cblr-9106	519	28	.	.	PUNCT
cblr-9106	520	1	i	i	PRON
cblr-9106	520	2	d.	d.	PROPN
cblr-9106	520	3	at	at	ADP
cblr-9106	520	4	3	3	NUM
cblr-9106	520	5	.	.	PUNCT
cblr-9106	521	1	thus	thus	ADV
cblr-9106	521	2	,	,	PUNCT
cblr-9106	521	3	firms	firm	NOUN
cblr-9106	521	4	that	that	PRON
cblr-9106	521	5	realize	realize	VERB
cblr-9106	521	6	their	their	PRON
cblr-9106	521	7	emissions	emission	NOUN
cblr-9106	521	8	are	be	AUX
cblr-9106	521	9	greater	great	ADJ
cblr-9106	521	10	than	than	ADP
cblr-9106	521	11	those	those	PRON
cblr-9106	521	12	of	of	ADP
cblr-9106	521	13	their	their	PRON
cblr-9106	521	14	peers	peer	NOUN
cblr-9106	521	15	will	will	AUX
cblr-9106	521	16	attempt	attempt	VERB
cblr-9106	521	17	to	to	PART
cblr-9106	521	18	reduce	reduce	VERB
cblr-9106	521	19	their	their	PRON
cblr-9106	521	20	firm	firm	NOUN
cblr-9106	521	21	’s	’s	PART
cblr-9106	521	22	emissions	emission	NOUN
cblr-9106	521	23	.	.	PUNCT
cblr-9106	522	1	i	i	PRON
cblr-9106	522	2	d.	d.	PROPN
cblr-9106	522	3	166	166	NUM
cblr-9106	522	4	see	see	VERB
cblr-9106	522	5	jouvenot	jouvenot	PROPN
cblr-9106	522	6	&	&	CCONJ
cblr-9106	522	7	krueger	krueger	PROPN
cblr-9106	522	8	,	,	PUNCT
cblr-9106	522	9	supra	supra	PROPN
cblr-9106	522	10	note	note	PROPN
cblr-9106	522	11	160	160	NUM
cblr-9106	522	12	,	,	PUNCT
cblr-9106	522	13	at	at	ADP
cblr-9106	522	14	3	3	NUM
cblr-9106	522	15	.	.	SYM
cblr-9106	522	16	1124	1124	NUM
cblr-9106	522	17	columbia	columbia	PROPN
cblr-9106	522	18	business	business	NOUN
cblr-9106	522	19	law	law	PROPN
cblr-9106	522	20	review	review	NOUN
cblr-9106	523	1	[	[	X
cblr-9106	523	2	vol	vol	NOUN
cblr-9106	523	3	.	.	PUNCT
cblr-9106	523	4	2021	2021	NUM
cblr-9106	523	5	behavior	behavior	NOUN
cblr-9106	523	6	affecting	affect	VERB
cblr-9106	523	7	it.167	it.167	PROPN
cblr-9106	523	8	for	for	ADP
cblr-9106	523	9	instance	instance	NOUN
cblr-9106	523	10	,	,	PUNCT
cblr-9106	523	11	with	with	ADP
cblr-9106	523	12	better	well	ADJ
cblr-9106	523	13	access	access	NOUN
cblr-9106	523	14	to	to	ADP
cblr-9106	523	15	relevant	relevant	ADJ
cblr-9106	523	16	information	information	NOUN
cblr-9106	523	17	,	,	PUNCT
cblr-9106	523	18	investors	investor	NOUN
cblr-9106	523	19	can	can	AUX
cblr-9106	523	20	ask	ask	VERB
cblr-9106	523	21	companies	company	NOUN
cblr-9106	523	22	better	well	ADJ
cblr-9106	523	23	questions	question	NOUN
cblr-9106	523	24	,	,	PUNCT
cblr-9106	523	25	which	which	PRON
cblr-9106	523	26	in	in	ADP
cblr-9106	523	27	turn	turn	NOUN
cblr-9106	523	28	will	will	AUX
cblr-9106	523	29	yield	yield	VERB
cblr-9106	523	30	additional	additional	ADJ
cblr-9106	523	31	fruitful	fruitful	ADJ
cblr-9106	523	32	information	information	NOUN
cblr-9106	523	33	,	,	PUNCT
cblr-9106	523	34	creating	create	VERB
cblr-9106	523	35	a	a	DET
cblr-9106	523	36	demand	demand	NOUN
cblr-9106	523	37	for	for	ADP
cblr-9106	523	38	methods	method	NOUN
cblr-9106	523	39	to	to	PART
cblr-9106	523	40	analyze	analyze	VERB
cblr-9106	523	41	it	it	PRON
cblr-9106	523	42	,	,	PUNCT
cblr-9106	523	43	and	and	CCONJ
cblr-9106	523	44	so	so	ADV
cblr-9106	523	45	on	on	ADV
cblr-9106	523	46	.	.	PUNCT
cblr-9106	524	1	this	this	DET
cblr-9106	524	2	virtuous	virtuous	ADJ
cblr-9106	524	3	cycle	cycle	NOUN
cblr-9106	524	4	,	,	PUNCT
cblr-9106	524	5	importantly	importantly	ADV
cblr-9106	524	6	,	,	PUNCT
cblr-9106	524	7	will	will	AUX
cblr-9106	524	8	also	also	ADV
cblr-9106	524	9	feed	feed	VERB
cblr-9106	524	10	into	into	ADP
cblr-9106	524	11	the	the	DET
cblr-9106	524	12	process	process	NOUN
cblr-9106	524	13	of	of	ADP
cblr-9106	524	14	making	make	VERB
cblr-9106	524	15	policies	policy	NOUN
cblr-9106	524	16	to	to	PART
cblr-9106	524	17	tackle	tackle	VERB
cblr-9106	524	18	climate	climate	NOUN
cblr-9106	524	19	change	change	NOUN
cblr-9106	524	20	generally	generally	ADV
cblr-9106	524	21	and	and	CCONJ
cblr-9106	524	22	into	into	ADP
cblr-9106	524	23	mandatory	mandatory	ADJ
cblr-9106	524	24	disclosure	disclosure	NOUN
cblr-9106	524	25	rulemaking	rulemake	VERB
cblr-9106	524	26	more	more	ADV
cblr-9106	524	27	specifically	specifically	ADV
cblr-9106	524	28	.	.	PUNCT
cblr-9106	525	1	*	*	PUNCT
cblr-9106	526	1	*	*	PUNCT
cblr-9106	526	2	*	*	PUNCT
cblr-9106	526	3	*	*	PUNCT
cblr-9106	526	4	to	to	PART
cblr-9106	526	5	conclude	conclude	VERB
cblr-9106	526	6	,	,	PUNCT
cblr-9106	526	7	the	the	DET
cblr-9106	526	8	current	current	ADJ
cblr-9106	526	9	framework	framework	NOUN
cblr-9106	526	10	,	,	PUNCT
cblr-9106	526	11	leaving	leave	VERB
cblr-9106	526	12	companies	company	NOUN
cblr-9106	526	13	with	with	ADP
cblr-9106	526	14	wide	wide	ADJ
cblr-9106	526	15	discretion	discretion	NOUN
cblr-9106	526	16	on	on	ADP
cblr-9106	526	17	what	what	PRON
cblr-9106	526	18	to	to	PART
cblr-9106	526	19	disclose	disclose	VERB
cblr-9106	526	20	about	about	ADP
cblr-9106	526	21	climate	climate	NOUN
cblr-9106	526	22	-	-	PUNCT
cblr-9106	526	23	related	relate	VERB
cblr-9106	526	24	risks	risk	NOUN
cblr-9106	526	25	,	,	PUNCT
cblr-9106	526	26	is	be	AUX
cblr-9106	526	27	insufficient	insufficient	ADJ
cblr-9106	526	28	.	.	PUNCT
cblr-9106	527	1	the	the	DET
cblr-9106	527	2	question	question	NOUN
cblr-9106	527	3	remains	remain	VERB
cblr-9106	527	4	as	as	ADP
cblr-9106	527	5	to	to	ADP
cblr-9106	527	6	how	how	SCONJ
cblr-9106	527	7	policymakers	policymaker	NOUN
cblr-9106	527	8	can	can	AUX
cblr-9106	527	9	do	do	AUX
cblr-9106	527	10	a	a	DET
cblr-9106	527	11	good	good	ADJ
cblr-9106	527	12	job	job	NOUN
cblr-9106	527	13	at	at	ADP
cblr-9106	527	14	identifying	identify	VERB
cblr-9106	527	15	what	what	DET
cblr-9106	527	16	information	information	NOUN
cblr-9106	527	17	is	be	AUX
cblr-9106	527	18	required	require	VERB
cblr-9106	527	19	,	,	PUNCT
cblr-9106	527	20	given	give	VERB
cblr-9106	527	21	the	the	DET
cblr-9106	527	22	uncertainties	uncertainty	NOUN
cblr-9106	527	23	surrounding	surround	VERB
cblr-9106	527	24	climate	climate	NOUN
cblr-9106	527	25	change	change	NOUN
cblr-9106	527	26	,	,	PUNCT
cblr-9106	527	27	the	the	DET
cblr-9106	527	28	evolving	evolve	VERB
cblr-9106	527	29	nature	nature	NOUN
cblr-9106	527	30	of	of	ADP
cblr-9106	527	31	the	the	DET
cblr-9106	527	32	underlying	underlie	VERB
cblr-9106	527	33	phenomena	phenomenon	NOUN
cblr-9106	527	34	and	and	CCONJ
cblr-9106	527	35	the	the	DET
cblr-9106	527	36	legitimate	legitimate	ADJ
cblr-9106	527	37	doubts	doubt	NOUN
cblr-9106	527	38	about	about	ADP
cblr-9106	527	39	what	what	PRON
cblr-9106	527	40	is	be	AUX
cblr-9106	527	41	relevant	relevant	ADJ
cblr-9106	527	42	for	for	SCONJ
cblr-9106	527	43	information	information	NOUN
cblr-9106	527	44	users	user	NOUN
cblr-9106	527	45	to	to	PART
cblr-9106	527	46	know	know	VERB
cblr-9106	527	47	.	.	PUNCT
cblr-9106	528	1	the	the	DET
cblr-9106	528	2	next	next	ADJ
cblr-9106	528	3	parts	part	NOUN
cblr-9106	528	4	will	will	AUX
cblr-9106	528	5	explore	explore	VERB
cblr-9106	528	6	this	this	DET
cblr-9106	528	7	last	last	ADJ
cblr-9106	528	8	question	question	NOUN
cblr-9106	528	9	and	and	CCONJ
cblr-9106	528	10	explain	explain	VERB
cblr-9106	528	11	how	how	SCONJ
cblr-9106	528	12	regulatory	regulatory	ADJ
cblr-9106	528	13	governance	governance	NOUN
cblr-9106	528	14	can	can	AUX
cblr-9106	528	15	help	help	VERB
cblr-9106	528	16	ensure	ensure	VERB
cblr-9106	528	17	that	that	SCONJ
cblr-9106	528	18	the	the	DET
cblr-9106	528	19	disclosure	disclosure	NOUN
cblr-9106	528	20	framework	framework	NOUN
cblr-9106	528	21	evolves	evolve	VERB
cblr-9106	528	22	in	in	ADP
cblr-9106	528	23	lockstep	lockstep	NOUN
cblr-9106	528	24	with	with	ADP
cblr-9106	528	25	the	the	DET
cblr-9106	528	26	progress	progress	NOUN
cblr-9106	528	27	of	of	ADP
cblr-9106	528	28	climate	climate	NOUN
cblr-9106	528	29	science	science	NOUN
cblr-9106	528	30	and	and	CCONJ
cblr-9106	528	31	the	the	DET
cblr-9106	528	32	changes	change	NOUN
cblr-9106	528	33	in	in	ADP
cblr-9106	528	34	the	the	DET
cblr-9106	528	35	factors	factor	NOUN
cblr-9106	528	36	affecting	affect	VERB
cblr-9106	528	37	it	it	PRON
cblr-9106	528	38	.	.	PUNCT
cblr-9106	529	1	iv	iv	X
cblr-9106	529	2	.	.	PUNCT
cblr-9106	530	1	designing	design	VERB
cblr-9106	530	2	climate	climate	NOUN
cblr-9106	530	3	-	-	PUNCT
cblr-9106	530	4	related	relate	VERB
cblr-9106	530	5	disclosure	disclosure	NOUN
cblr-9106	530	6	mandates	mandate	NOUN
cblr-9106	530	7	in	in	ADP
cblr-9106	530	8	the	the	DET
cblr-9106	530	9	previous	previous	ADJ
cblr-9106	530	10	part	part	NOUN
cblr-9106	530	11	we	we	PRON
cblr-9106	530	12	reviewed	review	VERB
cblr-9106	530	13	the	the	DET
cblr-9106	530	14	various	various	ADJ
cblr-9106	530	15	rationales	rationale	NOUN
cblr-9106	530	16	justifying	justify	VERB
cblr-9106	530	17	regulatory	regulatory	ADJ
cblr-9106	530	18	action	action	NOUN
cblr-9106	530	19	to	to	PART
cblr-9106	530	20	make	make	VERB
cblr-9106	530	21	climate	climate	NOUN
cblr-9106	530	22	-	-	PUNCT
cblr-9106	530	23	related	relate	VERB
cblr-9106	530	24	disclosures	disclosure	NOUN
cblr-9106	530	25	mandatory	mandatory	ADJ
cblr-9106	530	26	.	.	PUNCT
cblr-9106	531	1	as	as	ADP
cblr-9106	531	2	a	a	DET
cblr-9106	531	3	matter	matter	NOUN
cblr-9106	531	4	of	of	ADP
cblr-9106	531	5	fact	fact	NOUN
cblr-9106	531	6	,	,	PUNCT
cblr-9106	531	7	many	many	ADJ
cblr-9106	531	8	major	major	ADJ
cblr-9106	531	9	jurisdictions	jurisdiction	NOUN
cblr-9106	531	10	have	have	AUX
cblr-9106	531	11	already	already	ADV
cblr-9106	531	12	moved	move	VERB
cblr-9106	531	13	,	,	PUNCT
cblr-9106	531	14	however	however	ADV
cblr-9106	531	15	cautiously,168	cautiously,168	PROPN
cblr-9106	531	16	in	in	ADP
cblr-9106	531	17	this	this	DET
cblr-9106	531	18	direction.169	direction.169	NOUN
cblr-9106	531	19	some	some	DET
cblr-9106	531	20	jurisdictions	jurisdiction	NOUN
cblr-9106	531	21	are	be	AUX
cblr-9106	531	22	currently	currently	ADV
cblr-9106	531	23	considering	consider	VERB
cblr-9106	531	24	167	167	NUM
cblr-9106	531	25	cf	cf	NOUN
cblr-9106	531	26	.	.	PUNCT
cblr-9106	532	1	christensen	christensen	PROPN
cblr-9106	532	2	et	et	PROPN
cblr-9106	532	3	al	al	PROPN
cblr-9106	532	4	.	.	PROPN
cblr-9106	532	5	,	,	PUNCT
cblr-9106	532	6	supra	supra	PROPN
cblr-9106	532	7	note	note	VERB
cblr-9106	532	8	164	164	NUM
cblr-9106	532	9	,	,	PUNCT
cblr-9106	532	10	at	at	ADP
cblr-9106	532	11	1217	1217	NUM
cblr-9106	532	12	(	(	PUNCT
cblr-9106	532	13	noting	note	VERB
cblr-9106	532	14	that	that	SCONJ
cblr-9106	532	15	csr	csr	NOUN
cblr-9106	532	16	reporting	reporting	NOUN
cblr-9106	532	17	mandates	mandate	NOUN
cblr-9106	532	18	could	could	AUX
cblr-9106	532	19	make	make	VERB
cblr-9106	532	20	it	it	PRON
cblr-9106	532	21	less	less	ADV
cblr-9106	532	22	costly	costly	ADJ
cblr-9106	532	23	for	for	SCONJ
cblr-9106	532	24	stakeholders	stakeholder	NOUN
cblr-9106	532	25	to	to	PART
cblr-9106	532	26	acquire	acquire	VERB
cblr-9106	532	27	and	and	CCONJ
cblr-9106	532	28	process	process	VERB
cblr-9106	532	29	relevant	relevant	ADJ
cblr-9106	532	30	csr	csr	NOUN
cblr-9106	532	31	information	information	NOUN
cblr-9106	532	32	)	)	PUNCT
cblr-9106	532	33	.	.	PUNCT
cblr-9106	533	1	168	168	NUM
cblr-9106	533	2	see	see	VERB
cblr-9106	533	3	supra	supra	PROPN
cblr-9106	533	4	section	section	PROPN
cblr-9106	533	5	iii.a	iii.a	PROPN
cblr-9106	533	6	.	.	PROPN
cblr-9106	533	7	169	169	NUM
cblr-9106	533	8	see	see	VERB
cblr-9106	533	9	task	task	NOUN
cblr-9106	533	10	force	force	NOUN
cblr-9106	533	11	on	on	ADP
cblr-9106	533	12	climate	climate	NOUN
cblr-9106	533	13	-	-	PUNCT
cblr-9106	533	14	related	relate	VERB
cblr-9106	533	15	fin	fin	NOUN
cblr-9106	533	16	.	.	PUNCT
cblr-9106	534	1	disclosures	disclosure	NOUN
cblr-9106	534	2	,	,	PUNCT
cblr-9106	534	3	supra	supra	PROPN
cblr-9106	534	4	note	note	PROPN
cblr-9106	534	5	127	127	NUM
cblr-9106	534	6	,	,	PUNCT
cblr-9106	534	7	110	110	NUM
cblr-9106	534	8	,	,	PUNCT
cblr-9106	534	9	at	at	ADP
cblr-9106	534	10	2–3	2–3	NUM
cblr-9106	534	11	(	(	PUNCT
cblr-9106	534	12	“	"	PUNCT
cblr-9106	534	13	[	[	X
cblr-9106	534	14	over	over	ADP
cblr-9106	534	15	110	110	NUM
cblr-9106	534	16	regulators	regulator	NOUN
cblr-9106	534	17	and	and	CCONJ
cblr-9106	534	18	governmental	governmental	ADJ
cblr-9106	534	19	entities	entity	NOUN
cblr-9106	534	20	from	from	ADP
cblr-9106	534	21	around	around	ADP
cblr-9106	534	22	the	the	DET
cblr-9106	534	23	world	world	NOUN
cblr-9106	534	24	support	support	VERB
cblr-9106	534	25	the	the	DET
cblr-9106	534	26	tcfd	tcfd	NOUN
cblr-9106	534	27	.	.	PUNCT
cblr-9106	534	28	.	.	PUNCT
cblr-9106	534	29	.	.	PUNCT
cblr-9106	534	30	.	.	PUNCT
cblr-9106	535	1	[	[	X
cblr-9106	535	2	and	and	CCONJ
cblr-9106	535	3	]	]	X
cblr-9106	535	4	central	central	ADJ
cblr-9106	535	5	banks	bank	NOUN
cblr-9106	535	6	and	and	CCONJ
cblr-9106	535	7	supervisors	supervisor	NOUN
cblr-9106	535	8	from	from	ADP
cblr-9106	535	9	across	across	ADP
cblr-9106	535	10	the	the	DET
cblr-9106	535	11	globe	globe	NOUN
cblr-9106	535	12	—	—	PUNCT
cblr-9106	535	13	through	through	ADP
cblr-9106	535	14	the	the	DET
cblr-9106	535	15	network	network	NOUN
cblr-9106	535	16	for	for	ADP
cblr-9106	535	17	greening	green	VERB
cblr-9106	535	18	the	the	DET
cblr-9106	535	19	financial	financial	ADJ
cblr-9106	535	20	system	system	NOUN
cblr-9106	535	21	—	—	PUNCT
cblr-9106	535	22	have	have	AUX
cblr-9106	535	23	encouraged	encourage	VERB
cblr-9106	535	24	companies	company	NOUN
cblr-9106	535	25	issuing	issue	VERB
cblr-9106	535	26	public	public	ADJ
cblr-9106	535	27	debt	debt	NOUN
cblr-9106	535	28	or	or	CCONJ
cblr-9106	535	29	no	no	NOUN
cblr-9106	535	30	.	.	NOUN
cblr-9106	536	1	3:1085	3:1085	NUM
cblr-9106	536	2	]	]	X
cblr-9106	536	3	mandatory	mandatory	ADJ
cblr-9106	536	4	corporate	corporate	ADJ
cblr-9106	536	5	climate	climate	NOUN
cblr-9106	536	6	disclosures	disclosure	NOUN
cblr-9106	536	7	1125	1125	NUM
cblr-9106	536	8	making	make	VERB
cblr-9106	536	9	disclosures	disclosure	NOUN
cblr-9106	536	10	based	base	VERB
cblr-9106	536	11	on	on	ADP
cblr-9106	536	12	the	the	DET
cblr-9106	536	13	tcfd	tcfd	NOUN
cblr-9106	536	14	framework	framework	NOUN
cblr-9106	536	15	mandatory	mandatory	ADJ
cblr-9106	536	16	.	.	PUNCT
cblr-9106	537	1	for	for	ADP
cblr-9106	537	2	instance	instance	NOUN
cblr-9106	537	3	,	,	PUNCT
cblr-9106	537	4	as	as	SCONJ
cblr-9106	537	5	we	we	PRON
cblr-9106	537	6	write	write	VERB
cblr-9106	537	7	,	,	PUNCT
cblr-9106	537	8	several	several	ADJ
cblr-9106	537	9	policy	policy	NOUN
cblr-9106	537	10	measures	measure	NOUN
cblr-9106	537	11	are	be	AUX
cblr-9106	537	12	in	in	ADP
cblr-9106	537	13	the	the	DET
cblr-9106	537	14	process	process	NOUN
cblr-9106	537	15	of	of	ADP
cblr-9106	537	16	being	be	AUX
cblr-9106	537	17	enacted	enact	VERB
cblr-9106	537	18	in	in	ADP
cblr-9106	537	19	the	the	DET
cblr-9106	537	20	united	united	PROPN
cblr-9106	537	21	kingdom.170	kingdom.170	PROPN
cblr-9106	537	22	rishi	rishi	PROPN
cblr-9106	537	23	sunak	sunak	NOUN
cblr-9106	537	24	,	,	PUNCT
cblr-9106	537	25	the	the	DET
cblr-9106	537	26	chancellor	chancellor	NOUN
cblr-9106	537	27	of	of	ADP
cblr-9106	537	28	the	the	DET
cblr-9106	537	29	exchequer	exchequer	NOUN
cblr-9106	537	30	,	,	PUNCT
cblr-9106	537	31	has	have	AUX
cblr-9106	537	32	proclaimed	proclaim	VERB
cblr-9106	537	33	that	that	SCONJ
cblr-9106	537	34	these	these	PRON
cblr-9106	537	35	will	will	AUX
cblr-9106	537	36	set	set	VERB
cblr-9106	537	37	the	the	DET
cblr-9106	537	38	united	united	ADJ
cblr-9106	537	39	kingdom	kingdom	NOUN
cblr-9106	537	40	on	on	ADP
cblr-9106	537	41	the	the	DET
cblr-9106	537	42	path	path	NOUN
cblr-9106	537	43	to	to	PART
cblr-9106	537	44	be	be	AUX
cblr-9106	537	45	the	the	DET
cblr-9106	537	46	first	first	ADJ
cblr-9106	537	47	g20	g20	NOUN
cblr-9106	537	48	nation	nation	NOUN
cblr-9106	537	49	to	to	PART
cblr-9106	537	50	mandate	mandate	VERB
cblr-9106	537	51	tcfd	tcfd	NOUN
cblr-9106	537	52	-	-	PUNCT
cblr-9106	537	53	style	style	NOUN
cblr-9106	537	54	climate	climate	NOUN
cblr-9106	537	55	disclosures.171	disclosures.171	ADP
cblr-9106	537	56	the	the	DET
cblr-9106	537	57	most	most	ADV
cblr-9106	537	58	comprehensive	comprehensive	ADJ
cblr-9106	537	59	of	of	ADP
cblr-9106	537	60	these	these	DET
cblr-9106	537	61	initiatives	initiative	NOUN
cblr-9106	537	62	is	be	AUX
cblr-9106	537	63	led	lead	VERB
cblr-9106	537	64	by	by	ADP
cblr-9106	537	65	the	the	DET
cblr-9106	537	66	department	department	NOUN
cblr-9106	537	67	for	for	ADP
cblr-9106	537	68	business	business	NOUN
cblr-9106	537	69	,	,	PUNCT
cblr-9106	537	70	energy	energy	NOUN
cblr-9106	537	71	&	&	CCONJ
cblr-9106	537	72	industrial	industrial	ADJ
cblr-9106	537	73	strategy	strategy	NOUN
cblr-9106	537	74	(	(	PUNCT
cblr-9106	537	75	beis).172	beis).172	NOUN
cblr-9106	537	76	it	it	PRON
cblr-9106	537	77	seemingly	seemingly	ADV
cblr-9106	537	78	requires	require	VERB
cblr-9106	537	79	large	large	ADJ
cblr-9106	537	80	companies	company	NOUN
cblr-9106	537	81	to	to	PART
cblr-9106	537	82	include	include	VERB
cblr-9106	537	83	tcfd	tcfd	NOUN
cblr-9106	537	84	-	-	PUNCT
cblr-9106	537	85	styled	style	VERB
cblr-9106	537	86	disclosures	disclosure	NOUN
cblr-9106	537	87	in	in	ADP
cblr-9106	537	88	their	their	PRON
cblr-9106	537	89	strategic	strategic	ADJ
cblr-9106	537	90	report	report	NOUN
cblr-9106	537	91	,	,	PUNCT
cblr-9106	537	92	but	but	CCONJ
cblr-9106	537	93	then	then	ADV
cblr-9106	537	94	specifies	specify	VERB
cblr-9106	537	95	that	that	SCONJ
cblr-9106	537	96	they	they	PRON
cblr-9106	537	97	will	will	AUX
cblr-9106	537	98	be	be	AUX
cblr-9106	537	99	exempt	exempt	ADJ
cblr-9106	537	100	from	from	ADP
cblr-9106	537	101	doing	do	VERB
cblr-9106	537	102	so	so	ADV
cblr-9106	537	103	if	if	SCONJ
cblr-9106	537	104	they	they	PRON
cblr-9106	537	105	can	can	AUX
cblr-9106	537	106	explain	explain	VERB
cblr-9106	537	107	“	"	PUNCT
cblr-9106	537	108	why	why	SCONJ
cblr-9106	537	109	climate	climate	NOUN
cblr-9106	537	110	change	change	NOUN
cblr-9106	537	111	is	be	AUX
cblr-9106	537	112	not	not	PART
cblr-9106	537	113	expected	expect	VERB
cblr-9106	537	114	to	to	PART
cblr-9106	537	115	materially	materially	ADV
cblr-9106	537	116	affect	affect	VERB
cblr-9106	537	117	the	the	DET
cblr-9106	537	118	company	company	NOUN
cblr-9106	537	119	’s	’s	PART
cblr-9106	537	120	business	business	NOUN
cblr-9106	537	121	model	model	NOUN
cblr-9106	537	122	or	or	CCONJ
cblr-9106	537	123	strategy	strategy	NOUN
cblr-9106	537	124	.	.	PUNCT
cblr-9106	537	125	”173	”173	PUNCT
cblr-9106	538	1	in	in	ADP
cblr-9106	538	2	other	other	ADJ
cblr-9106	538	3	words	word	NOUN
cblr-9106	538	4	,	,	PUNCT
cblr-9106	538	5	climate	climate	NOUN
cblr-9106	538	6	-	-	PUNCT
cblr-9106	538	7	related	relate	VERB
cblr-9106	538	8	disclosures	disclosure	NOUN
cblr-9106	538	9	would	would	AUX
cblr-9106	538	10	still	still	ADV
cblr-9106	538	11	be	be	AUX
cblr-9106	538	12	subject	subject	ADJ
cblr-9106	538	13	to	to	ADP
cblr-9106	538	14	a	a	DET
cblr-9106	538	15	firm	firm	ADJ
cblr-9106	538	16	-	-	PUNCT
cblr-9106	538	17	level	level	NOUN
cblr-9106	538	18	,	,	PUNCT
cblr-9106	538	19	self	self	NOUN
cblr-9106	538	20	-	-	PUNCT
cblr-9106	538	21	assessed	assess	VERB
cblr-9106	538	22	materiality	materiality	NOUN
cblr-9106	538	23	test	test	NOUN
cblr-9106	538	24	,	,	PUNCT
cblr-9106	538	25	much	much	ADV
cblr-9106	538	26	like	like	INTJ
cblr-9106	538	27	under	under	ADP
cblr-9106	538	28	the	the	DET
cblr-9106	538	29	2010	2010	NUM
cblr-9106	538	30	u.s	u.s	PROPN
cblr-9106	538	31	.	.	PROPN
cblr-9106	538	32	sec	sec	PROPN
cblr-9106	538	33	guidance	guidance	NOUN
cblr-9106	538	34	and	and	CCONJ
cblr-9106	538	35	the	the	DET
cblr-9106	538	36	current	current	PROPN
cblr-9106	538	37	u.k	u.k	PROPN
cblr-9106	538	38	.	.	PROPN
cblr-9106	538	39	fca	fca	PROPN
cblr-9106	538	40	disclosure	disclosure	NOUN
cblr-9106	538	41	framework	framework	NOUN
cblr-9106	538	42	,	,	PUNCT
cblr-9106	538	43	,	,	PUNCT
cblr-9106	538	44	making	make	VERB
cblr-9106	538	45	one	one	NUM
cblr-9106	538	46	wonder	wonder	VERB
cblr-9106	538	47	whether	whether	SCONJ
cblr-9106	538	48	the	the	DET
cblr-9106	538	49	u.k	u.k	PROPN
cblr-9106	538	50	.	.	PROPN
cblr-9106	538	51	government	government	PROPN
cblr-9106	538	52	’s	’s	PART
cblr-9106	538	53	proposal	proposal	NOUN
cblr-9106	538	54	amounts	amount	VERB
cblr-9106	538	55	to	to	ADP
cblr-9106	538	56	much	much	ADV
cblr-9106	538	57	more	more	ADJ
cblr-9106	538	58	than	than	ADP
cblr-9106	538	59	an	an	DET
cblr-9106	538	60	exercise	exercise	NOUN
cblr-9106	538	61	in	in	ADP
cblr-9106	538	62	policy	policy	NOUN
cblr-9106	538	63	greenwashing	greenwashing	NOUN
cblr-9106	538	64	.	.	PUNCT
cblr-9106	539	1	equity	equity	NOUN
cblr-9106	539	2	to	to	PART
cblr-9106	539	3	disclose	disclose	VERB
cblr-9106	539	4	in	in	ADP
cblr-9106	539	5	line	line	NOUN
cblr-9106	539	6	with	with	ADP
cblr-9106	539	7	the	the	DET
cblr-9106	539	8	tcfd	tcfd	NOUN
cblr-9106	539	9	recommendations	recommendation	NOUN
cblr-9106	539	10	”	"	PUNCT
cblr-9106	539	11	(	(	PUNCT
cblr-9106	539	12	footnote	footnote	VERB
cblr-9106	539	13	omitted	omit	VERB
cblr-9106	539	14	)	)	PUNCT
cblr-9106	539	15	)	)	PUNCT
cblr-9106	539	16	.	.	PUNCT
cblr-9106	540	1	170	170	NUM
cblr-9106	540	2	see	see	VERB
cblr-9106	540	3	sunak	sunak	NOUN
cblr-9106	540	4	says	say	VERB
cblr-9106	540	5	u.k	u.k	PROPN
cblr-9106	540	6	.	.	PROPN
cblr-9106	540	7	will	will	AUX
cblr-9106	540	8	lead	lead	VERB
cblr-9106	540	9	on	on	ADP
cblr-9106	540	10	green	green	ADJ
cblr-9106	540	11	finance	finance	NOUN
cblr-9106	540	12	:	:	PUNCT
cblr-9106	540	13	green	green	ADJ
cblr-9106	540	14	summit	summit	NOUN
cblr-9106	540	15	update	update	NOUN
cblr-9106	540	16	,	,	PUNCT
cblr-9106	540	17	bloomberg	bloomberg	PROPN
cblr-9106	540	18	n.	n.	PROPN
cblr-9106	540	19	(	(	PUNCT
cblr-9106	540	20	nov	nov	PROPN
cblr-9106	540	21	.	.	PROPN
cblr-9106	540	22	9	9	NUM
cblr-9106	540	23	,	,	PUNCT
cblr-9106	540	24	2020	2020	NUM
cblr-9106	540	25	,	,	PUNCT
cblr-9106	540	26	11:57	11:57	NUM
cblr-9106	540	27	am	am	NOUN
cblr-9106	540	28	)	)	PUNCT
cblr-9106	540	29	,	,	PUNCT
cblr-9106	540	30	https://www.bloomberg.com/news/articles/2020-11-09/boe-to-start-climatestress-tests-in-june-green-summit-update	https://www.bloomberg.com/news/articles/2020-11-09/boe-to-start-climatestress-tests-in-june-green-summit-update	NOUN
cblr-9106	540	31	[	[	X
cblr-9106	540	32	https://perma.cc/4hp4-se29	https://perma.cc/4hp4-se29	NOUN
cblr-9106	540	33	]	]	PUNCT
cblr-9106	540	34	.	.	PUNCT
cblr-9106	541	1	171	171	NUM
cblr-9106	542	1	i	i	PRON
cblr-9106	542	2	d.	d.	PROPN
cblr-9106	542	3	172	172	NUM
cblr-9106	542	4	see	see	VERB
cblr-9106	542	5	dep’t	dep’t	NOUN
cblr-9106	542	6	for	for	ADP
cblr-9106	542	7	bus	bus	NOUN
cblr-9106	542	8	.	.	PUNCT
cblr-9106	542	9	,	,	PUNCT
cblr-9106	542	10	energy	energy	PROPN
cblr-9106	542	11	&	&	CCONJ
cblr-9106	542	12	indus	indus	PROPN
cblr-9106	542	13	.	.	PUNCT
cblr-9106	543	1	strategy	strategy	NOUN
cblr-9106	543	2	,	,	PUNCT
cblr-9106	543	3	consultation	consultation	NOUN
cblr-9106	543	4	on	on	ADP
cblr-9106	543	5	requiring	require	VERB
cblr-9106	543	6	mandatory	mandatory	ADJ
cblr-9106	543	7	climate	climate	NOUN
cblr-9106	543	8	-	-	PUNCT
cblr-9106	543	9	related	relate	VERB
cblr-9106	543	10	financial	financial	ADJ
cblr-9106	543	11	disclosures	disclosure	NOUN
cblr-9106	543	12	by	by	ADP
cblr-9106	543	13	publicly	publicly	ADV
cblr-9106	543	14	quoted	quote	VERB
cblr-9106	543	15	companies	company	NOUN
cblr-9106	543	16	,	,	PUNCT
cblr-9106	543	17	large	large	ADJ
cblr-9106	543	18	private	private	ADJ
cblr-9106	543	19	companies	company	NOUN
cblr-9106	543	20	and	and	CCONJ
cblr-9106	543	21	limited	limited	ADJ
cblr-9106	543	22	liability	liability	NOUN
cblr-9106	543	23	partners	partner	NOUN
cblr-9106	543	24	(	(	PUNCT
cblr-9106	543	25	llps	llps	PROPN
cblr-9106	543	26	)	)	PUNCT
cblr-9106	543	27	14	14	NUM
cblr-9106	543	28	(	(	PUNCT
cblr-9106	543	29	2021	2021	NUM
cblr-9106	543	30	)	)	PUNCT
cblr-9106	543	31	,	,	PUNCT
cblr-9106	543	32	https://assets.publishing.service.gov.uk/government/uploads/system/uploa	https://assets.publishing.service.gov.uk/government/uploads/system/uploa	ADV
cblr-9106	543	33	ds	ds	PROPN
cblr-9106	543	34	/	/	SYM
cblr-9106	543	35	attachment_data	attachment_data	NOUN
cblr-9106	543	36	/	/	SYM
cblr-9106	543	37	file/972422	file/972422	ADJ
cblr-9106	543	38	/	/	SYM
cblr-9106	543	39	consultation_on_beis_mandatory_climat	consultation_on_beis_mandatory_climat	NOUN
cblr-9106	543	40	e-related_disclosure_requirements.pdf	e-related_disclosure_requirements.pdf	NOUN
cblr-9106	544	1	[	[	X
cblr-9106	544	2	https://perma.cc/j5jr-s6xw	https://perma.cc/j5jr-s6xw	X
cblr-9106	544	3	]	]	X
cblr-9106	544	4	.	.	PUNCT
cblr-9106	545	1	173	173	NUM
cblr-9106	546	1	i	i	PRON
cblr-9106	546	2	d.	d.	PROPN
cblr-9106	546	3	at	at	ADP
cblr-9106	546	4	26	26	NUM
cblr-9106	546	5	.	.	PUNCT
cblr-9106	547	1	for	for	ADP
cblr-9106	547	2	a	a	DET
cblr-9106	547	3	critique	critique	NOUN
cblr-9106	547	4	of	of	ADP
cblr-9106	547	5	this	this	DET
cblr-9106	547	6	approach	approach	NOUN
cblr-9106	547	7	see	see	VERB
cblr-9106	547	8	virginia	virginia	PROPN
cblr-9106	547	9	e.	e.	PROPN
cblr-9106	547	10	harper	harper	PROPN
cblr-9106	547	11	ho	ho	PROPN
cblr-9106	547	12	,	,	PUNCT
cblr-9106	547	13	modernizing	modernize	VERB
cblr-9106	547	14	esg	esg	NOUN
cblr-9106	547	15	disclosure	disclosure	NOUN
cblr-9106	547	16	,	,	PUNCT
cblr-9106	547	17	2022	2022	NUM
cblr-9106	547	18	u.	u.	PROPN
cblr-9106	547	19	ill	ill	PROPN
cblr-9106	547	20	.	.	PUNCT
cblr-9106	548	1	l.	l.	PROPN
cblr-9106	548	2	rev	rev	PROPN
cblr-9106	548	3	.	.	PUNCT
cblr-9106	549	1	(	(	PUNCT
cblr-9106	549	2	forthcoming	forthcoming	ADJ
cblr-9106	549	3	)	)	PUNCT
cblr-9106	549	4	,	,	PUNCT
cblr-9106	549	5	(	(	PUNCT
cblr-9106	549	6	manuscript	manuscript	NOUN
cblr-9106	549	7	at	at	ADP
cblr-9106	549	8	51–52	51–52	NUM
cblr-9106	549	9	)	)	PUNCT
cblr-9106	549	10	,	,	PUNCT
cblr-9106	549	11	https://ssrn.com/abstract=3845145	https://ssrn.com/abstract=3845145	X
cblr-9106	550	1	[	[	X
cblr-9106	550	2	on	on	ADP
cblr-9106	550	3	file	file	NOUN
cblr-9106	550	4	with	with	ADP
cblr-9106	550	5	the	the	DET
cblr-9106	550	6	columbia	columbia	PROPN
cblr-9106	550	7	business	business	PROPN
cblr-9106	550	8	law	law	PROPN
cblr-9106	550	9	review	review	PROPN
cblr-9106	550	10	)	)	PUNCT
cblr-9106	550	11	.	.	PUNCT
cblr-9106	551	1	1126	1126	NUM
cblr-9106	551	2	columbia	columbia	PROPN
cblr-9106	551	3	business	business	PROPN
cblr-9106	551	4	law	law	PROPN
cblr-9106	551	5	review	review	NOUN
cblr-9106	551	6	[	[	X
cblr-9106	551	7	vol	vol	NOUN
cblr-9106	551	8	.	.	NOUN
cblr-9106	551	9	2021	2021	NUM
cblr-9106	551	10	in	in	ADP
cblr-9106	551	11	the	the	DET
cblr-9106	551	12	united	united	PROPN
cblr-9106	551	13	states	states	PROPN
cblr-9106	551	14	,	,	PUNCT
cblr-9106	551	15	the	the	DET
cblr-9106	551	16	sec	sec	PROPN
cblr-9106	551	17	is	be	AUX
cblr-9106	551	18	expected	expect	VERB
cblr-9106	551	19	to	to	PART
cblr-9106	551	20	issue	issue	VERB
cblr-9106	551	21	a	a	DET
cblr-9106	551	22	proposal	proposal	NOUN
cblr-9106	551	23	on	on	ADP
cblr-9106	551	24	climate	climate	NOUN
cblr-9106	551	25	disclosures	disclosure	NOUN
cblr-9106	551	26	by	by	ADP
cblr-9106	551	27	the	the	DET
cblr-9106	551	28	end	end	NOUN
cblr-9106	551	29	of	of	ADP
cblr-9106	551	30	the	the	DET
cblr-9106	551	31	year,174	year,174	PROPN
cblr-9106	551	32	after	after	SCONJ
cblr-9106	551	33	a	a	DET
cblr-9106	551	34	consultation	consultation	NOUN
cblr-9106	551	35	process	process	NOUN
cblr-9106	551	36	based	base	VERB
cblr-9106	551	37	on	on	ADP
cblr-9106	551	38	the	the	DET
cblr-9106	551	39	esg	esg	PROPN
cblr-9106	551	40	subcommittee	subcommittee	NOUN
cblr-9106	551	41	of	of	ADP
cblr-9106	551	42	the	the	DET
cblr-9106	551	43	sec	sec	PROPN
cblr-9106	551	44	asset	asset	NOUN
cblr-9106	551	45	management	management	NOUN
cblr-9106	551	46	advisory	advisory	NOUN
cblr-9106	551	47	committee	committee	NOUN
cblr-9106	551	48	’s	’s	PART
cblr-9106	551	49	recommendations	recommendation	NOUN
cblr-9106	551	50	,	,	PUNCT
cblr-9106	551	51	which	which	PRON
cblr-9106	551	52	included	include	VERB
cblr-9106	551	53	proposals	proposal	NOUN
cblr-9106	551	54	to	to	PART
cblr-9106	551	55	require	require	VERB
cblr-9106	551	56	not	not	PART
cblr-9106	551	57	only	only	ADV
cblr-9106	551	58	“	"	PUNCT
cblr-9106	551	59	the	the	DET
cblr-9106	551	60	adoption	adoption	NOUN
cblr-9106	551	61	of	of	ADP
cblr-9106	551	62	standards	standard	NOUN
cblr-9106	551	63	by	by	ADP
cblr-9106	551	64	which	which	PRON
cblr-9106	551	65	corporate	corporate	ADJ
cblr-9106	551	66	issuers	issuer	NOUN
cblr-9106	551	67	disclose	disclose	VERB
cblr-9106	551	68	material	material	PROPN
cblr-9106	551	69	esg	esg	PROPN
cblr-9106	551	70	risks	risk	NOUN
cblr-9106	551	71	”	"	PUNCT
cblr-9106	551	72	but	but	CCONJ
cblr-9106	551	73	also	also	ADV
cblr-9106	551	74	“	"	PUNCT
cblr-9106	551	75	that	that	PRON
cblr-9106	551	76	material	material	NOUN
cblr-9106	551	77	esg	esg	PROPN
cblr-9106	551	78	risks	risk	NOUN
cblr-9106	551	79	be	be	AUX
cblr-9106	551	80	disclosed	disclose	VERB
cblr-9106	551	81	in	in	ADP
cblr-9106	551	82	a	a	DET
cblr-9106	551	83	manner	manner	NOUN
cblr-9106	551	84	consistent	consistent	ADJ
cblr-9106	551	85	with	with	ADP
cblr-9106	551	86	the	the	DET
cblr-9106	551	87	presentation	presentation	NOUN
cblr-9106	551	88	of	of	ADP
cblr-9106	551	89	other	other	ADJ
cblr-9106	551	90	financial	financial	ADJ
cblr-9106	551	91	disclosures	disclosure	NOUN
cblr-9106	551	92	.	.	PUNCT
cblr-9106	551	93	”175	”175	PUNCT
cblr-9106	552	1	the	the	DET
cblr-9106	552	2	sec	sec	PROPN
cblr-9106	552	3	’s	’s	PART
cblr-9106	552	4	chair	chair	NOUN
cblr-9106	552	5	has	have	AUX
cblr-9106	552	6	signaled	signal	VERB
cblr-9106	552	7	that	that	SCONJ
cblr-9106	552	8	,	,	PUNCT
cblr-9106	552	9	while	while	SCONJ
cblr-9106	552	10	the	the	DET
cblr-9106	552	11	tcfd	tcfd	NOUN
cblr-9106	552	12	framework	framework	NOUN
cblr-9106	552	13	will	will	AUX
cblr-9106	552	14	provide	provide	VERB
cblr-9106	552	15	inspiration	inspiration	NOUN
cblr-9106	552	16	in	in	ADP
cblr-9106	552	17	drafting	draft	VERB
cblr-9106	552	18	the	the	DET
cblr-9106	552	19	proposal	proposal	NOUN
cblr-9106	552	20	,	,	PUNCT
cblr-9106	552	21	the	the	DET
cblr-9106	552	22	sec	sec	PROPN
cblr-9106	552	23	will	will	AUX
cblr-9106	552	24	go	go	VERB
cblr-9106	552	25	its	its	PRON
cblr-9106	552	26	own	own	ADJ
cblr-9106	552	27	way	way	NOUN
cblr-9106	552	28	whenever	whenever	SCONJ
cblr-9106	552	29	that	that	PRON
cblr-9106	552	30	is	be	AUX
cblr-9106	552	31	more	more	ADV
cblr-9106	552	32	appropriate	appropriate	ADJ
cblr-9106	552	33	for	for	ADP
cblr-9106	552	34	u.s	u.s	PROPN
cblr-9106	552	35	.	.	PROPN
cblr-9106	552	36	markets.176	markets.176	PROPN
cblr-9106	552	37	in	in	ADP
cblr-9106	552	38	the	the	DET
cblr-9106	552	39	european	european	PROPN
cblr-9106	552	40	union	union	PROPN
cblr-9106	552	41	,	,	PUNCT
cblr-9106	552	42	the	the	DET
cblr-9106	552	43	current	current	ADJ
cblr-9106	552	44	non	non	ADJ
cblr-9106	552	45	-	-	ADJ
cblr-9106	552	46	binding	binding	ADJ
cblr-9106	552	47	framework177	framework177	PROPN
cblr-9106	552	48	will	will	AUX
cblr-9106	552	49	be	be	AUX
cblr-9106	552	50	replaced	replace	VERB
cblr-9106	552	51	by	by	ADP
cblr-9106	552	52	more	more	ADJ
cblr-9106	552	53	prescriptive	prescriptive	ADJ
cblr-9106	552	54	mandates	mandate	NOUN
cblr-9106	552	55	,	,	PUNCT
cblr-9106	552	56	although	although	SCONJ
cblr-9106	552	57	a	a	DET
cblr-9106	552	58	specific	specific	ADJ
cblr-9106	552	59	proposal	proposal	NOUN
cblr-9106	552	60	is	be	AUX
cblr-9106	552	61	still	still	ADV
cblr-9106	552	62	months	month	NOUN
cblr-9106	552	63	away.178	away.178	ADV
cblr-9106	552	64	it	it	PRON
cblr-9106	552	65	is	be	AUX
cblr-9106	552	66	174	174	NUM
cblr-9106	552	67	see	see	VERB
cblr-9106	552	68	gary	gary	PROPN
cblr-9106	552	69	gensler	gensler	NOUN
cblr-9106	552	70	,	,	PUNCT
cblr-9106	552	71	sec	sec	PROPN
cblr-9106	552	72	chair	chair	NOUN
cblr-9106	552	73	gensler	gensler	NOUN
cblr-9106	552	74	speaks	speak	VERB
cblr-9106	552	75	on	on	ADP
cblr-9106	552	76	climate	climate	NOUN
cblr-9106	552	77	risk	risk	NOUN
cblr-9106	552	78	and	and	CCONJ
cblr-9106	552	79	disclosure	disclosure	NOUN
cblr-9106	552	80	,	,	PUNCT
cblr-9106	552	81	cls	cls	NOUN
cblr-9106	552	82	blue	blue	ADJ
cblr-9106	552	83	sky	sky	NOUN
cblr-9106	552	84	blog	blog	NOUN
cblr-9106	552	85	(	(	PUNCT
cblr-9106	552	86	july	july	PROPN
cblr-9106	552	87	29	29	NUM
cblr-9106	552	88	,	,	PUNCT
cblr-9106	552	89	2021	2021	NUM
cblr-9106	552	90	)	)	PUNCT
cblr-9106	552	91	,	,	PUNCT
cblr-9106	552	92	https://clsbluesky.law.columbia.edu/2021/07/29/sec-chair-gensler-speakson-climate-risk-and-disclosure/	https://clsbluesky.law.columbia.edu/2021/07/29/sec-chair-gensler-speakson-climate-risk-and-disclosure/	NOUN
cblr-9106	552	93	[	[	X
cblr-9106	552	94	https://perma.cc/tsf6-lkvy	https://perma.cc/tsf6-lkvy	PROPN
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cblr-9106	552	96	.	.	PUNCT
cblr-9106	553	1	175	175	NUM
cblr-9106	553	2	see	see	VERB
cblr-9106	553	3	asset	asset	NOUN
cblr-9106	553	4	mgmt	mgmt	NOUN
cblr-9106	553	5	.	.	PUNCT
cblr-9106	554	1	advisory	advisory	ADJ
cblr-9106	554	2	cmt	cmt	PROPN
cblr-9106	554	3	.	.	PROPN
cblr-9106	554	4	,	,	PUNCT
cblr-9106	554	5	u.s	u.s	PROPN
cblr-9106	554	6	.	.	PROPN
cblr-9106	554	7	sec	sec	PROPN
cblr-9106	554	8	&	&	CCONJ
cblr-9106	554	9	exch	exch	PROPN
cblr-9106	554	10	.	.	PUNCT
cblr-9106	555	1	cmt	cmt	PROPN
cblr-9106	555	2	.	.	PUNCT
cblr-9106	556	1	discussion	discussion	NOUN
cblr-9106	556	2	draft	draft	PROPN
cblr-9106	556	3	:	:	PUNCT
cblr-9106	556	4	potential	potential	ADJ
cblr-9106	556	5	recommendations	recommendation	NOUN
cblr-9106	556	6	of	of	ADP
cblr-9106	556	7	esg	esg	NOUN
cblr-9106	556	8	subcommittee	subcommittee	NOUN
cblr-9106	556	9	5–6	5–6	NUM
cblr-9106	556	10	(	(	PUNCT
cblr-9106	556	11	2020	2020	NUM
cblr-9106	556	12	)	)	PUNCT
cblr-9106	556	13	https://www.sec.gov/files/potential-recommendations-of-the-esgsubcommittee-12012020.pdf	https://www.sec.gov/files/potential-recommendations-of-the-esgsubcommittee-12012020.pdf	VERB
cblr-9106	556	14	[	[	X
cblr-9106	556	15	https://perma.cc/zl2k-uqct	https://perma.cc/zl2k-uqct	X
cblr-9106	556	16	]	]	X
cblr-9106	556	17	.	.	PUNCT
cblr-9106	557	1	as	as	ADP
cblr-9106	557	2	part	part	NOUN
cblr-9106	557	3	of	of	ADP
cblr-9106	557	4	its	its	PRON
cblr-9106	557	5	consultation	consultation	NOUN
cblr-9106	557	6	process	process	NOUN
cblr-9106	557	7	,	,	PUNCT
cblr-9106	557	8	the	the	DET
cblr-9106	557	9	sec	sec	PROPN
cblr-9106	557	10	has	have	AUX
cblr-9106	557	11	sought	seek	VERB
cblr-9106	557	12	public	public	ADJ
cblr-9106	557	13	input	input	NOUN
cblr-9106	557	14	in	in	ADP
cblr-9106	557	15	relation	relation	NOUN
cblr-9106	557	16	to	to	ADP
cblr-9106	557	17	various	various	ADJ
cblr-9106	557	18	aspects	aspect	NOUN
cblr-9106	557	19	of	of	ADP
cblr-9106	557	20	those	those	DET
cblr-9106	557	21	recommendations	recommendation	NOUN
cblr-9106	557	22	,	,	PUNCT
cblr-9106	557	23	including	include	VERB
cblr-9106	557	24	,	,	PUNCT
cblr-9106	557	25	among	among	ADP
cblr-9106	557	26	other	other	ADJ
cblr-9106	557	27	things	thing	NOUN
cblr-9106	557	28	,	,	PUNCT
cblr-9106	557	29	the	the	DET
cblr-9106	557	30	regulation	regulation	NOUN
cblr-9106	557	31	,	,	PUNCT
cblr-9106	557	32	monitoring	monitoring	NOUN
cblr-9106	557	33	,	,	PUNCT
cblr-9106	557	34	reviewing	reviewing	NOUN
cblr-9106	557	35	,	,	PUNCT
cblr-9106	557	36	and	and	CCONJ
cblr-9106	557	37	guidance	guidance	NOUN
cblr-9106	557	38	of	of	ADP
cblr-9106	557	39	climate	climate	NOUN
cblr-9106	557	40	change	change	NOUN
cblr-9106	557	41	disclosure	disclosure	NOUN
cblr-9106	557	42	,	,	PUNCT
cblr-9106	557	43	the	the	DET
cblr-9106	557	44	development	development	NOUN
cblr-9106	557	45	of	of	ADP
cblr-9106	557	46	disclosure	disclosure	NOUN
cblr-9106	557	47	standards	standard	NOUN
cblr-9106	557	48	(	(	PUNCT
cblr-9106	557	49	including	include	VERB
cblr-9106	557	50	who	who	PRON
cblr-9106	557	51	should	should	AUX
cblr-9106	557	52	be	be	AUX
cblr-9106	557	53	involved	involve	VERB
cblr-9106	557	54	,	,	PUNCT
cblr-9106	557	55	whether	whether	SCONJ
cblr-9106	557	56	standards	standard	NOUN
cblr-9106	557	57	should	should	AUX
cblr-9106	557	58	incorporate	incorporate	VERB
cblr-9106	557	59	existing	exist	VERB
cblr-9106	557	60	frameworks	framework	NOUN
cblr-9106	557	61	,	,	PUNCT
cblr-9106	557	62	and	and	CCONJ
cblr-9106	557	63	whether	whether	SCONJ
cblr-9106	557	64	the	the	DET
cblr-9106	557	65	standards	standard	NOUN
cblr-9106	557	66	should	should	AUX
cblr-9106	557	67	be	be	AUX
cblr-9106	557	68	incorporated	incorporate	VERB
cblr-9106	557	69	into	into	ADP
cblr-9106	557	70	existing	exist	VERB
cblr-9106	557	71	sec	sec	PROPN
cblr-9106	557	72	rules	rule	NOUN
cblr-9106	557	73	)	)	PUNCT
cblr-9106	557	74	,	,	PUNCT
cblr-9106	557	75	and	and	CCONJ
cblr-9106	557	76	the	the	DET
cblr-9106	557	77	advantages	advantage	NOUN
cblr-9106	557	78	and	and	CCONJ
cblr-9106	557	79	disadvantages	disadvantage	NOUN
cblr-9106	557	80	of	of	ADP
cblr-9106	557	81	developing	develop	VERB
cblr-9106	557	82	a	a	DET
cblr-9106	557	83	single	single	ADJ
cblr-9106	557	84	set	set	NOUN
cblr-9106	557	85	of	of	ADP
cblr-9106	557	86	global	global	ADJ
cblr-9106	557	87	standards	standard	NOUN
cblr-9106	557	88	applicable	applicable	ADJ
cblr-9106	557	89	to	to	ADP
cblr-9106	557	90	countries	country	NOUN
cblr-9106	557	91	around	around	ADP
cblr-9106	557	92	the	the	DET
cblr-9106	557	93	world	world	NOUN
cblr-9106	557	94	.	.	PUNCT
cblr-9106	558	1	see	see	VERB
cblr-9106	558	2	herren	herren	PROPN
cblr-9106	558	3	lee	lee	PROPN
cblr-9106	558	4	,	,	PUNCT
cblr-9106	558	5	supra	supra	PROPN
cblr-9106	558	6	note	note	PROPN
cblr-9106	558	7	59	59	NUM
cblr-9106	558	8	.	.	PUNCT
cblr-9106	559	1	176	176	NUM
cblr-9106	559	2	see	see	NOUN
cblr-9106	559	3	gensler	gensler	NOUN
cblr-9106	559	4	,	,	PUNCT
cblr-9106	559	5	supra	supra	PROPN
cblr-9106	559	6	note	note	VERB
cblr-9106	559	7	174	174	NUM
cblr-9106	559	8	(	(	PUNCT
cblr-9106	559	9	“	"	PUNCT
cblr-9106	559	10	i	i	PRON
cblr-9106	559	11	’ve	’ve	AUX
cblr-9106	559	12	asked	ask	VERB
cblr-9106	559	13	staff	staff	NOUN
cblr-9106	559	14	to	to	PART
cblr-9106	559	15	learn	learn	VERB
cblr-9106	559	16	from	from	ADP
cblr-9106	559	17	and	and	CCONJ
cblr-9106	559	18	be	be	AUX
cblr-9106	559	19	inspired	inspire	VERB
cblr-9106	559	20	by	by	ADP
cblr-9106	559	21	[	[	PUNCT
cblr-9106	559	22	the	the	DET
cblr-9106	559	23	task	task	NOUN
cblr-9106	559	24	force	force	NOUN
cblr-9106	559	25	on	on	ADP
cblr-9106	559	26	climate	climate	NOUN
cblr-9106	559	27	-	-	PUNCT
cblr-9106	559	28	related	relate	VERB
cblr-9106	559	29	financial	financial	ADJ
cblr-9106	559	30	disclosures	disclosure	NOUN
cblr-9106	559	31	]	]	PUNCT
cblr-9106	559	32	.	.	PUNCT
cblr-9106	560	1	i	i	PRON
cblr-9106	560	2	believe	believe	VERB
cblr-9106	560	3	,	,	PUNCT
cblr-9106	560	4	though	though	ADV
cblr-9106	560	5	,	,	PUNCT
cblr-9106	560	6	we	we	PRON
cblr-9106	560	7	should	should	AUX
cblr-9106	560	8	move	move	VERB
cblr-9106	560	9	forward	forward	ADV
cblr-9106	560	10	to	to	PART
cblr-9106	560	11	write	write	VERB
cblr-9106	560	12	rules	rule	NOUN
cblr-9106	560	13	and	and	CCONJ
cblr-9106	560	14	establish	establish	VERB
cblr-9106	560	15	the	the	DET
cblr-9106	560	16	appropriate	appropriate	ADJ
cblr-9106	560	17	climate	climate	NOUN
cblr-9106	560	18	risk	risk	NOUN
cblr-9106	560	19	disclosure	disclosure	NOUN
cblr-9106	560	20	regime	regime	NOUN
cblr-9106	560	21	for	for	ADP
cblr-9106	560	22	our	our	PRON
cblr-9106	560	23	markets	market	NOUN
cblr-9106	560	24	,	,	PUNCT
cblr-9106	560	25	as	as	SCONJ
cblr-9106	560	26	we	we	PRON
cblr-9106	560	27	have	have	VERB
cblr-9106	560	28	in	in	ADP
cblr-9106	560	29	prior	prior	ADJ
cblr-9106	560	30	generations	generation	NOUN
cblr-9106	560	31	for	for	ADP
cblr-9106	560	32	other	other	ADJ
cblr-9106	560	33	disclosure	disclosure	NOUN
cblr-9106	560	34	regimes	regime	NOUN
cblr-9106	560	35	.	.	PUNCT
cblr-9106	560	36	”	"	PUNCT
cblr-9106	560	37	)	)	PUNCT
cblr-9106	560	38	.	.	PUNCT
cblr-9106	561	1	177	177	NUM
cblr-9106	561	2	supra	supra	PROPN
cblr-9106	561	3	note	note	NOUN
cblr-9106	561	4	121	121	NUM
cblr-9106	561	5	and	and	CCONJ
cblr-9106	561	6	accompanying	accompany	VERB
cblr-9106	561	7	text	text	NOUN
cblr-9106	561	8	.	.	PUNCT
cblr-9106	562	1	178	178	NUM
cblr-9106	562	2	see	see	VERB
cblr-9106	562	3	commission	commission	NOUN
cblr-9106	562	4	proposal	proposal	NOUN
cblr-9106	562	5	for	for	ADP
cblr-9106	562	6	a	a	DET
cblr-9106	562	7	directive	directive	NOUN
cblr-9106	562	8	of	of	ADP
cblr-9106	562	9	the	the	DET
cblr-9106	562	10	european	european	ADJ
cblr-9106	562	11	parliament	parliament	NOUN
cblr-9106	562	12	and	and	CCONJ
cblr-9106	562	13	of	of	ADP
cblr-9106	562	14	the	the	DET
cblr-9106	562	15	council	council	NOUN
cblr-9106	562	16	amending	amend	VERB
cblr-9106	562	17	directive	directive	NOUN
cblr-9106	562	18	2013/34	2013/34	NUM
cblr-9106	562	19	/	/	SYM
cblr-9106	562	20	eu	eu	PROPN
cblr-9106	562	21	,	,	PUNCT
cblr-9106	562	22	directive	directive	NOUN
cblr-9106	562	23	2004/109	2004/109	NUM
cblr-9106	562	24	/	/	SYM
cblr-9106	562	25	ec	ec	PROPN
cblr-9106	562	26	,	,	PUNCT
cblr-9106	562	27	directive	directive	NOUN
cblr-9106	562	28	2006/43	2006/43	NUM
cblr-9106	562	29	/	/	SYM
cblr-9106	562	30	ec	ec	PROPN
cblr-9106	562	31	and	and	CCONJ
cblr-9106	562	32	regulation	regulation	NOUN
cblr-9106	562	33	(	(	PUNCT
cblr-9106	562	34	eu	eu	NOUN
cblr-9106	562	35	)	)	PUNCT
cblr-9106	562	36	no	no	DET
cblr-9106	562	37	537/2014	537/2014	NOUN
cblr-9106	562	38	,	,	PUNCT
cblr-9106	562	39	at	at	ADP
cblr-9106	562	40	45–47	45–47	NUM
cblr-9106	562	41	,	,	PUNCT
cblr-9106	562	42	com	com	NOUN
cblr-9106	562	43	(	(	PUNCT
cblr-9106	562	44	2021	2021	NUM
cblr-9106	562	45	)	)	PUNCT
cblr-9106	562	46	189	189	NUM
cblr-9106	562	47	final	final	ADJ
cblr-9106	562	48	(	(	PUNCT
cblr-9106	562	49	apr	apr	NOUN
cblr-9106	562	50	.	.	PROPN
cblr-9106	562	51	21	21	NUM
cblr-9106	562	52	,	,	PUNCT
cblr-9106	562	53	2021	2021	NUM
cblr-9106	562	54	)	)	PUNCT
cblr-9106	562	55	(	(	PUNCT
cblr-9106	562	56	delegating	delegate	VERB
cblr-9106	562	57	the	the	DET
cblr-9106	562	58	commission	commission	NOUN
cblr-9106	562	59	no	no	INTJ
cblr-9106	562	60	.	.	PUNCT
cblr-9106	563	1	3:1085	3:1085	NUM
cblr-9106	563	2	]	]	X
cblr-9106	563	3	mandatory	mandatory	ADJ
cblr-9106	563	4	corporate	corporate	ADJ
cblr-9106	563	5	climate	climate	NOUN
cblr-9106	563	6	disclosures	disclosure	NOUN
cblr-9106	563	7	1127	1127	NUM
cblr-9106	563	8	uncertain	uncertain	ADJ
cblr-9106	563	9	whether	whether	SCONJ
cblr-9106	563	10	the	the	DET
cblr-9106	563	11	european	european	PROPN
cblr-9106	563	12	union	union	PROPN
cblr-9106	563	13	will	will	AUX
cblr-9106	563	14	implement	implement	VERB
cblr-9106	563	15	the	the	DET
cblr-9106	563	16	tcfd	tcfd	NOUN
cblr-9106	563	17	framework	framework	NOUN
cblr-9106	563	18	or	or	CCONJ
cblr-9106	563	19	go	go	VERB
cblr-9106	563	20	beyond	beyond	ADP
cblr-9106	563	21	its	its	PRON
cblr-9106	563	22	recommendations	recommendation	NOUN
cblr-9106	563	23	.	.	PUNCT
cblr-9106	564	1	the	the	DET
cblr-9106	564	2	development	development	NOUN
cblr-9106	564	3	of	of	ADP
cblr-9106	564	4	detailed	detailed	ADJ
cblr-9106	564	5	sustainability	sustainability	NOUN
cblr-9106	564	6	reporting	reporting	NOUN
cblr-9106	564	7	standards	standard	NOUN
cblr-9106	564	8	has	have	AUX
cblr-9106	564	9	been	be	AUX
cblr-9106	564	10	referred	refer	VERB
cblr-9106	564	11	to	to	ADP
cblr-9106	564	12	a	a	DET
cblr-9106	564	13	sustainability	sustainability	NOUN
cblr-9106	564	14	taskforce	taskforce	NOUN
cblr-9106	564	15	of	of	ADP
cblr-9106	564	16	the	the	DET
cblr-9106	564	17	european	european	PROPN
cblr-9106	564	18	financial	financial	PROPN
cblr-9106	564	19	reporting	reporting	NOUN
cblr-9106	564	20	advisory	advisory	ADJ
cblr-9106	564	21	group	group	NOUN
cblr-9106	564	22	(	(	PUNCT
cblr-9106	564	23	efrag).179	efrag).179	VERB
cblr-9106	564	24	a	a	DET
cblr-9106	564	25	key	key	ADJ
cblr-9106	564	26	innovation	innovation	NOUN
cblr-9106	564	27	in	in	ADP
cblr-9106	564	28	their	their	PRON
cblr-9106	564	29	thinking	thinking	NOUN
cblr-9106	564	30	is	be	AUX
cblr-9106	564	31	the	the	DET
cblr-9106	564	32	concept	concept	NOUN
cblr-9106	564	33	of	of	ADP
cblr-9106	564	34	“	"	PUNCT
cblr-9106	564	35	double	double	ADJ
cblr-9106	564	36	materiality	materiality	NOUN
cblr-9106	564	37	,	,	PUNCT
cblr-9106	564	38	”	"	PUNCT
cblr-9106	564	39	that	that	PRON
cblr-9106	564	40	is	be	AUX
cblr-9106	564	41	,	,	PUNCT
cblr-9106	564	42	mandating	mandate	VERB
cblr-9106	564	43	disclosure	disclosure	NOUN
cblr-9106	564	44	of	of	ADP
cblr-9106	564	45	climate	climate	NOUN
cblr-9106	564	46	risk	risk	NOUN
cblr-9106	564	47	information	information	NOUN
cblr-9106	564	48	not	not	PART
cblr-9106	564	49	only	only	ADV
cblr-9106	564	50	where	where	SCONJ
cblr-9106	564	51	it	it	PRON
cblr-9106	564	52	is	be	AUX
cblr-9106	564	53	material	material	NOUN
cblr-9106	564	54	to	to	ADP
cblr-9106	564	55	investors	investor	NOUN
cblr-9106	564	56	because	because	SCONJ
cblr-9106	564	57	of	of	ADP
cblr-9106	564	58	the	the	DET
cblr-9106	564	59	financial	financial	ADJ
cblr-9106	564	60	implications	implication	NOUN
cblr-9106	564	61	for	for	ADP
cblr-9106	564	62	firms	firm	NOUN
cblr-9106	564	63	,	,	PUNCT
cblr-9106	564	64	but	but	CCONJ
cblr-9106	564	65	also	also	ADV
cblr-9106	564	66	where	where	SCONJ
cblr-9106	564	67	its	its	PRON
cblr-9106	564	68	impact	impact	NOUN
cblr-9106	564	69	on	on	ADP
cblr-9106	564	70	society	society	NOUN
cblr-9106	564	71	is	be	AUX
cblr-9106	564	72	material.180	material.180	PROPN
cblr-9106	564	73	as	as	SCONJ
cblr-9106	564	74	we	we	PRON
cblr-9106	564	75	write	write	VERB
cblr-9106	564	76	,	,	PUNCT
cblr-9106	564	77	policymakers	policymaker	NOUN
cblr-9106	564	78	both	both	CCONJ
cblr-9106	564	79	in	in	ADP
cblr-9106	564	80	the	the	DET
cblr-9106	564	81	united	united	PROPN
cblr-9106	564	82	states	states	PROPN
cblr-9106	564	83	and	and	CCONJ
cblr-9106	564	84	europe	europe	PROPN
cblr-9106	564	85	are	be	AUX
cblr-9106	564	86	in	in	ADP
cblr-9106	564	87	the	the	DET
cblr-9106	564	88	process	process	NOUN
cblr-9106	564	89	of	of	ADP
cblr-9106	564	90	issuing	issue	VERB
cblr-9106	564	91	rules	rule	NOUN
cblr-9106	564	92	on	on	ADP
cblr-9106	564	93	climate	climate	NOUN
cblr-9106	564	94	-	-	PUNCT
cblr-9106	564	95	related	relate	VERB
cblr-9106	564	96	disclosures	disclosure	NOUN
cblr-9106	564	97	.	.	PUNCT
cblr-9106	565	1	in	in	ADP
cblr-9106	565	2	lockstep	lockstep	NOUN
cblr-9106	565	3	with	with	ADP
cblr-9106	565	4	such	such	ADJ
cblr-9106	565	5	developments	development	NOUN
cblr-9106	565	6	,	,	PUNCT
cblr-9106	565	7	g7	g7	PROPN
cblr-9106	565	8	finance	finance	NOUN
cblr-9106	565	9	ministers	minister	NOUN
cblr-9106	565	10	have	have	AUX
cblr-9106	565	11	endorsed	endorse	VERB
cblr-9106	565	12	the	the	DET
cblr-9106	565	13	move	move	NOUN
cblr-9106	565	14	towards	towards	ADP
cblr-9106	565	15	mandatory	mandatory	ADJ
cblr-9106	565	16	climate	climate	NOUN
cblr-9106	565	17	-	-	PUNCT
cblr-9106	565	18	related	relate	VERB
cblr-9106	565	19	financial	financial	ADJ
cblr-9106	565	20	disclosures.181	disclosures.181	PROPN
cblr-9106	565	21	at	at	ADP
cblr-9106	565	22	the	the	DET
cblr-9106	565	23	global	global	ADJ
cblr-9106	565	24	level	level	NOUN
cblr-9106	565	25	,	,	PUNCT
cblr-9106	565	26	one	one	NUM
cblr-9106	565	27	of	of	ADP
cblr-9106	565	28	the	the	DET
cblr-9106	565	29	goals	goal	NOUN
cblr-9106	565	30	for	for	ADP
cblr-9106	565	31	the	the	DET
cblr-9106	565	32	2021	2021	NUM
cblr-9106	565	33	cop26	cop26	NOUN
cblr-9106	565	34	summit	summit	NOUN
cblr-9106	565	35	in	in	ADP
cblr-9106	565	36	glasgow	glasgow	PROPN
cblr-9106	565	37	was	be	AUX
cblr-9106	565	38	to	to	PART
cblr-9106	565	39	spearhead	spearhead	VERB
cblr-9106	565	40	the	the	DET
cblr-9106	565	41	adoption	adoption	NOUN
cblr-9106	565	42	of	of	ADP
cblr-9106	565	43	mandatory	mandatory	ADJ
cblr-9106	565	44	climate	climate	NOUN
cblr-9106	565	45	-	-	PUNCT
cblr-9106	565	46	related	relate	VERB
cblr-9106	565	47	disclosures	disclosure	NOUN
cblr-9106	565	48	on	on	ADP
cblr-9106	565	49	a	a	DET
cblr-9106	565	50	global	global	ADJ
cblr-9106	565	51	scale	scale	NOUN
cblr-9106	565	52	,	,	PUNCT
cblr-9106	565	53	setting	set	VERB
cblr-9106	565	54	the	the	DET
cblr-9106	565	55	stage	stage	NOUN
cblr-9106	565	56	for	for	ADP
cblr-9106	565	57	the	the	DET
cblr-9106	565	58	rapid	rapid	ADJ
cblr-9106	565	59	development	development	NOUN
cblr-9106	565	60	of	of	ADP
cblr-9106	565	61	new	new	ADJ
cblr-9106	565	62	corporate	corporate	ADJ
cblr-9106	565	63	climate	climate	NOUN
cblr-9106	565	64	disclosure	disclosure	NOUN
cblr-9106	565	65	regimes.182	regimes.182	NOUN
cblr-9106	565	66	leaving	leave	VERB
cblr-9106	565	67	aside	aside	ADV
cblr-9106	565	68	the	the	DET
cblr-9106	565	69	political	political	ADJ
cblr-9106	565	70	challenges	challenge	NOUN
cblr-9106	565	71	of	of	ADP
cblr-9106	565	72	enacting	enact	VERB
cblr-9106	565	73	meaningful	meaningful	ADJ
cblr-9106	565	74	disclosures	disclosure	NOUN
cblr-9106	565	75	,	,	PUNCT
cblr-9106	565	76	the	the	DET
cblr-9106	565	77	technical	technical	ADJ
cblr-9106	565	78	challenges	challenge	NOUN
cblr-9106	565	79	are	be	AUX
cblr-9106	565	80	also	also	ADV
cblr-9106	565	81	considerable	considerable	ADJ
cblr-9106	565	82	,	,	PUNCT
cblr-9106	565	83	given	give	VERB
cblr-9106	565	84	the	the	DET
cblr-9106	565	85	unpredictable	unpredictable	ADJ
cblr-9106	565	86	nature	nature	NOUN
cblr-9106	565	87	of	of	ADP
cblr-9106	565	88	climate	climate	NOUN
cblr-9106	565	89	change	change	NOUN
cblr-9106	565	90	and	and	CCONJ
cblr-9106	565	91	our	our	PRON
cblr-9106	565	92	still	still	ADV
cblr-9106	565	93	limited	limited	ADJ
cblr-9106	565	94	understanding	understanding	NOUN
cblr-9106	565	95	both	both	PRON
cblr-9106	565	96	of	of	ADP
cblr-9106	565	97	the	the	DET
cblr-9106	565	98	phenomenon	phenomenon	NOUN
cblr-9106	565	99	and	and	CCONJ
cblr-9106	565	100	of	of	ADP
cblr-9106	565	101	how	how	SCONJ
cblr-9106	565	102	to	to	PART
cblr-9106	565	103	issue	issue	VERB
cblr-9106	565	104	“	"	PUNCT
cblr-9106	565	105	sustainability	sustainability	NOUN
cblr-9106	565	106	reporting	reporting	NOUN
cblr-9106	565	107	standards	standard	NOUN
cblr-9106	565	108	”	"	PUNCT
cblr-9106	565	109	that	that	PRON
cblr-9106	565	110	will	will	AUX
cblr-9106	565	111	include	include	VERB
cblr-9106	565	112	information	information	NOUN
cblr-9106	565	113	on	on	ADP
cblr-9106	565	114	climate	climate	NOUN
cblr-9106	565	115	change	change	NOUN
cblr-9106	565	116	mitigation	mitigation	NOUN
cblr-9106	565	117	and	and	CCONJ
cblr-9106	565	118	adaptation	adaptation	NOUN
cblr-9106	565	119	)	)	PUNCT
cblr-9106	565	120	.	.	PUNCT
cblr-9106	566	1	179	179	NUM
cblr-9106	566	2	see	see	VERB
cblr-9106	566	3	eur	eur	PROPN
cblr-9106	566	4	.	.	PUNCT
cblr-9106	567	1	fin	fin	NOUN
cblr-9106	567	2	.	.	PUNCT
cblr-9106	568	1	reporting	report	VERB
cblr-9106	568	2	advisory	advisory	ADJ
cblr-9106	568	3	grp	grp	PROPN
cblr-9106	568	4	.	.	PROPN
cblr-9106	568	5	,	,	PUNCT
cblr-9106	568	6	final	final	ADJ
cblr-9106	568	7	report	report	NOUN
cblr-9106	568	8	:	:	PUNCT
cblr-9106	568	9	proposals	proposal	NOUN
cblr-9106	568	10	for	for	ADP
cblr-9106	568	11	a	a	DET
cblr-9106	568	12	relevant	relevant	ADJ
cblr-9106	568	13	and	and	CCONJ
cblr-9106	568	14	dynamic	dynamic	ADJ
cblr-9106	568	15	eu	eu	PROPN
cblr-9106	568	16	sustainability	sustainability	NOUN
cblr-9106	568	17	reporting	report	VERB
cblr-9106	568	18	standard	standard	NOUN
cblr-9106	568	19	(	(	PUNCT
cblr-9106	568	20	2021	2021	NUM
cblr-9106	568	21	)	)	PUNCT
cblr-9106	568	22	.	.	PUNCT
cblr-9106	569	1	180	180	NUM
cblr-9106	569	2	i	i	PROPN
cblr-9106	569	3	d.	d.	PROPN
cblr-9106	569	4	at	at	ADP
cblr-9106	569	5	8	8	NUM
cblr-9106	569	6	.	.	PUNCT
cblr-9106	570	1	181	181	NUM
cblr-9106	570	2	press	press	NOUN
cblr-9106	570	3	release	release	NOUN
cblr-9106	570	4	,	,	PUNCT
cblr-9106	570	5	g7	g7	PROPN
cblr-9106	570	6	finance	finance	PROPN
cblr-9106	570	7	ministers	minister	NOUN
cblr-9106	570	8	&	&	CCONJ
cblr-9106	570	9	central	central	ADJ
cblr-9106	570	10	bank	bank	PROPN
cblr-9106	570	11	governors	governor	NOUN
cblr-9106	570	12	,	,	PUNCT
cblr-9106	570	13	g7	g7	PROPN
cblr-9106	570	14	finance	finance	PROPN
cblr-9106	570	15	ministers	minister	NOUN
cblr-9106	570	16	&	&	CCONJ
cblr-9106	570	17	central	central	ADJ
cblr-9106	570	18	bank	bank	PROPN
cblr-9106	570	19	governors	governor	NOUN
cblr-9106	570	20	communiqué	communiqué	VERB
cblr-9106	570	21	1	1	NUM
cblr-9106	570	22	(	(	PUNCT
cblr-9106	570	23	june	june	PROPN
cblr-9106	570	24	5	5	NUM
cblr-9106	570	25	,	,	PUNCT
cblr-9106	570	26	2021	2021	NUM
cblr-9106	570	27	)	)	PUNCT
cblr-9106	570	28	,	,	PUNCT
cblr-9106	570	29	https://home.treasury.gov/news/press-releases/jy0215	https://home.treasury.gov/news/press-releases/jy0215	PROPN
cblr-9106	571	1	[	[	X
cblr-9106	571	2	https://perma.cc/k9qz-vlea	https://perma.cc/k9qz-vlea	NOUN
cblr-9106	571	3	]	]	X
cblr-9106	571	4	(	(	PUNCT
cblr-9106	571	5	“	"	PUNCT
cblr-9106	571	6	we	we	PRON
cblr-9106	571	7	support	support	VERB
cblr-9106	571	8	moving	move	VERB
cblr-9106	571	9	towards	towards	ADP
cblr-9106	571	10	mandatory	mandatory	ADJ
cblr-9106	571	11	climate	climate	NOUN
cblr-9106	571	12	-	-	PUNCT
cblr-9106	571	13	related	relate	VERB
cblr-9106	571	14	financial	financial	ADJ
cblr-9106	571	15	disclosures	disclosure	NOUN
cblr-9106	571	16	that	that	PRON
cblr-9106	571	17	provide	provide	VERB
cblr-9106	571	18	consistent	consistent	ADJ
cblr-9106	571	19	and	and	CCONJ
cblr-9106	571	20	decisionuseful	decisionuseful	ADJ
cblr-9106	571	21	information	information	NOUN
cblr-9106	571	22	for	for	ADP
cblr-9106	571	23	market	market	NOUN
cblr-9106	571	24	participants	participant	NOUN
cblr-9106	571	25	and	and	CCONJ
cblr-9106	571	26	that	that	PRON
cblr-9106	571	27	are	be	AUX
cblr-9106	571	28	based	base	VERB
cblr-9106	571	29	on	on	ADP
cblr-9106	571	30	the	the	DET
cblr-9106	571	31	task	task	NOUN
cblr-9106	571	32	force	force	NOUN
cblr-9106	571	33	on	on	ADP
cblr-9106	571	34	climate	climate	NOUN
cblr-9106	571	35	-	-	PUNCT
cblr-9106	571	36	related	relate	VERB
cblr-9106	571	37	financial	financial	ADJ
cblr-9106	571	38	disclosures	disclosure	NOUN
cblr-9106	571	39	(	(	PUNCT
cblr-9106	571	40	tcfd	tcfd	NOUN
cblr-9106	571	41	)	)	PUNCT
cblr-9106	571	42	framework	framework	NOUN
cblr-9106	571	43	,	,	PUNCT
cblr-9106	571	44	in	in	ADP
cblr-9106	571	45	line	line	NOUN
cblr-9106	571	46	with	with	ADP
cblr-9106	571	47	domestic	domestic	ADJ
cblr-9106	571	48	regulatory	regulatory	ADJ
cblr-9106	571	49	frameworks	framework	NOUN
cblr-9106	571	50	.	.	PUNCT
cblr-9106	571	51	”	"	PUNCT
cblr-9106	571	52	)	)	PUNCT
cblr-9106	571	53	.	.	PUNCT
cblr-9106	572	1	182	182	NUM
cblr-9106	572	2	see	see	VERB
cblr-9106	572	3	mark	mark	PROPN
cblr-9106	572	4	carney	carney	PROPN
cblr-9106	572	5	,	,	PUNCT
cblr-9106	572	6	building	build	VERB
cblr-9106	572	7	a	a	DET
cblr-9106	572	8	private	private	ADJ
cblr-9106	572	9	finance	finance	NOUN
cblr-9106	572	10	system	system	NOUN
cblr-9106	572	11	for	for	ADP
cblr-9106	572	12	net	net	ADJ
cblr-9106	572	13	zero	zero	NUM
cblr-9106	572	14	priorities	priority	NOUN
cblr-9106	572	15	:	:	PUNCT
cblr-9106	572	16	priorities	priority	NOUN
cblr-9106	572	17	for	for	ADP
cblr-9106	572	18	private	private	ADJ
cblr-9106	572	19	finance	finance	NOUN
cblr-9106	572	20	for	for	ADP
cblr-9106	572	21	cop26	cop26	NOUN
cblr-9106	572	22	,	,	PUNCT
cblr-9106	572	23	at	at	ADP
cblr-9106	572	24	14–16	14–16	NUM
cblr-9106	572	25	(	(	PUNCT
cblr-9106	572	26	2020	2020	NUM
cblr-9106	572	27	)	)	PUNCT
cblr-9106	572	28	,	,	PUNCT
cblr-9106	572	29	https://ukcop26.org/wp-content/uploads/2020/11/cop26-privatefinance-hub-strategy_nov-2020v4.1.pdf	https://ukcop26.org/wp-content/uploads/2020/11/cop26-privatefinance-hub-strategy_nov-2020v4.1.pdf	VERB
cblr-9106	573	1	[	[	X
cblr-9106	573	2	https://perma.cc/f5jp-9jwc	https://perma.cc/f5jp-9jwc	X
cblr-9106	573	3	]	]	X
cblr-9106	573	4	.	.	PUNCT
cblr-9106	574	1	1128	1128	NUM
cblr-9106	574	2	columbia	columbia	PROPN
cblr-9106	574	3	business	business	PROPN
cblr-9106	574	4	law	law	PROPN
cblr-9106	574	5	review	review	NOUN
cblr-9106	574	6	[	[	X
cblr-9106	574	7	vol	vol	NOUN
cblr-9106	574	8	.	.	NOUN
cblr-9106	574	9	2021	2021	NUM
cblr-9106	574	10	best	good	ADJ
cblr-9106	574	11	to	to	PART
cblr-9106	574	12	have	have	VERB
cblr-9106	574	13	it	it	PRON
cblr-9106	574	14	reflected	reflect	VERB
cblr-9106	574	15	in	in	ADP
cblr-9106	574	16	a	a	DET
cblr-9106	574	17	company	company	NOUN
cblr-9106	574	18	’s	’s	PART
cblr-9106	574	19	statements	statement	NOUN
cblr-9106	574	20	.	.	PUNCT
cblr-9106	575	1	given	give	VERB
cblr-9106	575	2	this	this	DET
cblr-9106	575	3	uncertainty	uncertainty	NOUN
cblr-9106	575	4	,	,	PUNCT
cblr-9106	575	5	we	we	PRON
cblr-9106	575	6	refrain	refrain	VERB
cblr-9106	575	7	from	from	ADP
cblr-9106	575	8	comprehensively	comprehensively	ADV
cblr-9106	575	9	sketching	sketch	VERB
cblr-9106	575	10	out	out	ADP
cblr-9106	575	11	a	a	DET
cblr-9106	575	12	comprehensive	comprehensive	ADJ
cblr-9106	575	13	framework	framework	NOUN
cblr-9106	575	14	for	for	ADP
cblr-9106	575	15	climate	climate	NOUN
cblr-9106	575	16	-	-	PUNCT
cblr-9106	575	17	related	relate	VERB
cblr-9106	575	18	disclosures	disclosure	NOUN
cblr-9106	575	19	.	.	PUNCT
cblr-9106	576	1	rather	rather	ADV
cblr-9106	576	2	,	,	PUNCT
cblr-9106	576	3	we	we	PRON
cblr-9106	576	4	focus	focus	VERB
cblr-9106	576	5	on	on	ADP
cblr-9106	576	6	the	the	DET
cblr-9106	576	7	main	main	ADJ
cblr-9106	576	8	challenges	challenge	NOUN
cblr-9106	576	9	and	and	CCONJ
cblr-9106	576	10	core	core	NOUN
cblr-9106	576	11	choices	choice	NOUN
cblr-9106	576	12	that	that	PRON
cblr-9106	576	13	policymakers	policymaker	NOUN
cblr-9106	576	14	face	face	VERB
cblr-9106	576	15	,	,	PUNCT
cblr-9106	576	16	highlighting	highlight	VERB
cblr-9106	576	17	some	some	DET
cblr-9106	576	18	areas	area	NOUN
cblr-9106	576	19	where	where	SCONJ
cblr-9106	576	20	regulatory	regulatory	ADJ
cblr-9106	576	21	action	action	NOUN
cblr-9106	576	22	beyond	beyond	ADP
cblr-9106	576	23	the	the	DET
cblr-9106	576	24	tcfd	tcfd	NOUN
cblr-9106	576	25	recommendations	recommendation	NOUN
cblr-9106	576	26	would	would	AUX
cblr-9106	576	27	be	be	AUX
cblr-9106	576	28	consistent	consistent	ADJ
cblr-9106	576	29	with	with	ADP
cblr-9106	576	30	the	the	DET
cblr-9106	576	31	functions	function	NOUN
cblr-9106	576	32	and	and	CCONJ
cblr-9106	576	33	rationales	rationale	NOUN
cblr-9106	576	34	of	of	ADP
cblr-9106	576	35	climate	climate	NOUN
cblr-9106	576	36	-	-	PUNCT
cblr-9106	576	37	related	relate	VERB
cblr-9106	576	38	disclosure	disclosure	NOUN
cblr-9106	576	39	mandates	mandate	NOUN
cblr-9106	576	40	.	.	PUNCT
cblr-9106	577	1	a.	a.	NOUN
cblr-9106	577	2	the	the	DET
cblr-9106	577	3	challenge	challenge	NOUN
cblr-9106	577	4	of	of	ADP
cblr-9106	577	5	cost	cost	NOUN
cblr-9106	577	6	-	-	PUNCT
cblr-9106	577	7	benefit	benefit	NOUN
cblr-9106	577	8	analysis	analysis	NOUN
cblr-9106	577	9	the	the	DET
cblr-9106	577	10	dynamic	dynamic	ADJ
cblr-9106	577	11	nature	nature	NOUN
cblr-9106	577	12	of	of	ADP
cblr-9106	577	13	the	the	DET
cblr-9106	577	14	phenomena	phenomena	NOUN
cblr-9106	577	15	underlying	underlie	VERB
cblr-9106	577	16	climate	climate	NOUN
cblr-9106	577	17	risks	risk	NOUN
cblr-9106	577	18	creates	create	VERB
cblr-9106	577	19	a	a	DET
cblr-9106	577	20	challenge	challenge	NOUN
cblr-9106	577	21	for	for	ADP
cblr-9106	577	22	the	the	DET
cblr-9106	577	23	application	application	NOUN
cblr-9106	577	24	of	of	ADP
cblr-9106	577	25	cost	cost	NOUN
cblr-9106	577	26	-	-	PUNCT
cblr-9106	577	27	benefit	benefit	NOUN
cblr-9106	577	28	analysis	analysis	NOUN
cblr-9106	577	29	(	(	PUNCT
cblr-9106	577	30	cba	cba	NOUN
cblr-9106	577	31	)	)	PUNCT
cblr-9106	577	32	to	to	ADP
cblr-9106	577	33	policy	policy	NOUN
cblr-9106	577	34	proposals	proposal	NOUN
cblr-9106	577	35	in	in	ADP
cblr-9106	577	36	this	this	DET
cblr-9106	577	37	field	field	NOUN
cblr-9106	577	38	.	.	PUNCT
cblr-9106	578	1	regulators	regulator	NOUN
cblr-9106	578	2	responsible	responsible	ADJ
cblr-9106	578	3	for	for	ADP
cblr-9106	578	4	issuer	issuer	ADJ
cblr-9106	578	5	disclosure	disclosure	NOUN
cblr-9106	578	6	in	in	ADP
cblr-9106	578	7	the	the	DET
cblr-9106	578	8	united	united	PROPN
cblr-9106	578	9	states	states	PROPN
cblr-9106	578	10	,	,	PUNCT
cblr-9106	578	11	united	united	ADJ
cblr-9106	578	12	kingdom	kingdom	PROPN
cblr-9106	578	13	,	,	PUNCT
cblr-9106	578	14	and	and	CCONJ
cblr-9106	578	15	european	european	PROPN
cblr-9106	578	16	union	union	PROPN
cblr-9106	578	17	are	be	AUX
cblr-9106	578	18	required	require	VERB
cblr-9106	578	19	to	to	PART
cblr-9106	578	20	produce	produce	VERB
cblr-9106	578	21	costbenefit	costbenefit	NOUN
cblr-9106	578	22	analyses	analysis	NOUN
cblr-9106	578	23	of	of	ADP
cblr-9106	578	24	proposed	propose	VERB
cblr-9106	578	25	actions	action	NOUN
cblr-9106	578	26	such	such	ADJ
cblr-9106	578	27	as	as	ADP
cblr-9106	578	28	rulemaking.183	rulemaking.183	PROPN
cblr-9106	578	29	in	in	ADP
cblr-9106	578	30	general	general	ADJ
cblr-9106	578	31	,	,	PUNCT
cblr-9106	578	32	attempts	attempt	NOUN
cblr-9106	578	33	at	at	ADP
cblr-9106	578	34	quantifying	quantify	VERB
cblr-9106	578	35	the	the	DET
cblr-9106	578	36	costs	cost	NOUN
cblr-9106	578	37	and	and	CCONJ
cblr-9106	578	38	benefits	benefit	NOUN
cblr-9106	578	39	of	of	ADP
cblr-9106	578	40	disclosure	disclosure	NOUN
cblr-9106	578	41	regulation	regulation	NOUN
cblr-9106	578	42	are	be	AUX
cblr-9106	578	43	imperfect	imperfect	ADJ
cblr-9106	578	44	at	at	ADP
cblr-9106	578	45	best.184	best.184	NOUN
cblr-9106	578	46	yet	yet	ADV
cblr-9106	578	47	for	for	ADP
cblr-9106	578	48	climate	climate	NOUN
cblr-9106	578	49	-	-	PUNCT
cblr-9106	578	50	related	relate	VERB
cblr-9106	578	51	disclosure	disclosure	NOUN
cblr-9106	578	52	obligations	obligation	NOUN
cblr-9106	578	53	,	,	PUNCT
cblr-9106	578	54	there	there	PRON
cblr-9106	578	55	is	be	VERB
cblr-9106	578	56	likely	likely	ADJ
cblr-9106	578	57	to	to	PART
cblr-9106	578	58	be	be	AUX
cblr-9106	578	59	a	a	DET
cblr-9106	578	60	structural	structural	ADJ
cblr-9106	578	61	asymmetry	asymmetry	NOUN
cblr-9106	578	62	in	in	ADP
cblr-9106	578	63	the	the	DET
cblr-9106	578	64	ability	ability	NOUN
cblr-9106	578	65	to	to	PART
cblr-9106	578	66	assess	assess	VERB
cblr-9106	578	67	costs	cost	NOUN
cblr-9106	578	68	and	and	CCONJ
cblr-9106	578	69	benefits	benefit	NOUN
cblr-9106	578	70	.	.	PUNCT
cblr-9106	579	1	the	the	DET
cblr-9106	579	2	costs	cost	NOUN
cblr-9106	579	3	are	be	AUX
cblr-9106	579	4	likely	likely	ADJ
cblr-9106	579	5	to	to	PART
cblr-9106	579	6	be	be	AUX
cblr-9106	579	7	immediate	immediate	ADJ
cblr-9106	579	8	and	and	CCONJ
cblr-9106	579	9	relatively	relatively	ADV
cblr-9106	579	10	straightforward	straightforward	ADJ
cblr-9106	579	11	for	for	SCONJ
cblr-9106	579	12	issuers	issuer	NOUN
cblr-9106	579	13	to	to	PART
cblr-9106	579	14	determine	determine	VERB
cblr-9106	579	15	.	.	PUNCT
cblr-9106	580	1	guidance	guidance	NOUN
cblr-9106	580	2	can	can	AUX
cblr-9106	580	3	be	be	AUX
cblr-9106	580	4	sought	seek	VERB
cblr-9106	580	5	by	by	ADP
cblr-9106	580	6	extrapolating	extrapolate	VERB
cblr-9106	580	7	from	from	ADP
cblr-9106	580	8	the	the	DET
cblr-9106	580	9	costs	cost	NOUN
cblr-9106	580	10	of	of	ADP
cblr-9106	580	11	existing	exist	VERB
cblr-9106	580	12	disclosure	disclosure	NOUN
cblr-9106	580	13	requirements	requirement	NOUN
cblr-9106	580	14	.	.	PUNCT
cblr-9106	581	1	in	in	ADP
cblr-9106	581	2	contrast	contrast	NOUN
cblr-9106	581	3	,	,	PUNCT
cblr-9106	581	4	the	the	DET
cblr-9106	581	5	benefits	benefit	NOUN
cblr-9106	581	6	of	of	ADP
cblr-9106	581	7	climate	climate	NOUN
cblr-9106	581	8	risk	risk	NOUN
cblr-9106	581	9	disclosure	disclosure	NOUN
cblr-9106	581	10	are	be	AUX
cblr-9106	581	11	much	much	ADV
cblr-9106	581	12	harder	hard	ADJ
cblr-9106	581	13	to	to	PART
cblr-9106	581	14	assess	assess	VERB
cblr-9106	581	15	.	.	PUNCT
cblr-9106	582	1	they	they	PRON
cblr-9106	582	2	are	be	AUX
cblr-9106	582	3	likely	likely	ADJ
cblr-9106	582	4	to	to	PART
cblr-9106	582	5	be	be	AUX
cblr-9106	582	6	spread	spread	VERB
cblr-9106	582	7	over	over	ADP
cblr-9106	582	8	the	the	DET
cblr-9106	582	9	medium	medium	NOUN
cblr-9106	582	10	to	to	ADP
cblr-9106	582	11	long	long	ADJ
cblr-9106	582	12	term	term	NOUN
cblr-9106	582	13	,	,	PUNCT
cblr-9106	582	14	raising	raise	VERB
cblr-9106	582	15	well	well	ADV
cblr-9106	582	16	-	-	PUNCT
cblr-9106	582	17	known	know	VERB
cblr-9106	582	18	183	183	NUM
cblr-9106	582	19	cba	cba	NOUN
cblr-9106	582	20	was	be	AUX
cblr-9106	582	21	first	first	ADV
cblr-9106	582	22	mandated	mandate	VERB
cblr-9106	582	23	for	for	ADP
cblr-9106	582	24	u.s	u.s	PROPN
cblr-9106	582	25	.	.	PROPN
cblr-9106	582	26	agencies	agency	NOUN
cblr-9106	582	27	by	by	ADP
cblr-9106	582	28	president	president	PROPN
cblr-9106	582	29	reagan	reagan	PROPN
cblr-9106	582	30	in	in	ADP
cblr-9106	582	31	1981	1981	NUM
cblr-9106	582	32	.	.	PUNCT
cblr-9106	583	1	see	see	VERB
cblr-9106	583	2	exec	exec	NOUN
cblr-9106	583	3	.	.	PUNCT
cblr-9106	584	1	order	order	NOUN
cblr-9106	584	2	no	no	INTJ
cblr-9106	584	3	.	.	PROPN
cblr-9106	584	4	12,291	12,291	NUM
cblr-9106	584	5	,	,	PUNCT
cblr-9106	584	6	3	3	NUM
cblr-9106	584	7	c.f.r	c.f.r	NOUN
cblr-9106	584	8	.	.	PUNCT
cblr-9106	585	1	§	§	PROPN
cblr-9106	585	2	3(d	3(d	NUM
cblr-9106	585	3	)	)	PUNCT
cblr-9106	585	4	(	(	PUNCT
cblr-9106	585	5	1981	1981	NUM
cblr-9106	585	6	)	)	PUNCT
cblr-9106	585	7	.	.	PUNCT
cblr-9106	586	1	for	for	ADP
cblr-9106	586	2	the	the	DET
cblr-9106	586	3	sec	sec	PROPN
cblr-9106	586	4	,	,	PUNCT
cblr-9106	586	5	cba	cba	PROPN
cblr-9106	586	6	is	be	AUX
cblr-9106	586	7	required	require	VERB
cblr-9106	586	8	more	more	ADV
cblr-9106	586	9	specifically	specifically	ADV
cblr-9106	586	10	by	by	ADP
cblr-9106	586	11	the	the	DET
cblr-9106	586	12	national	national	PROPN
cblr-9106	586	13	securities	securities	PROPN
cblr-9106	586	14	markets	markets	PROPN
cblr-9106	586	15	improvement	improvement	PROPN
cblr-9106	586	16	act	act	NOUN
cblr-9106	586	17	of	of	ADP
cblr-9106	586	18	1996	1996	NUM
cblr-9106	586	19	§	§	PROPN
cblr-9106	586	20	106	106	NUM
cblr-9106	586	21	,	,	PUNCT
cblr-9106	586	22	pub	pub	NOUN
cblr-9106	586	23	.	.	PUNCT
cblr-9106	587	1	l.	l.	PROPN
cblr-9106	587	2	no	no	INTJ
cblr-9106	587	3	.	.	PROPN
cblr-9106	588	1	104	104	NUM
cblr-9106	588	2	-	-	SYM
cblr-9106	588	3	290	290	NUM
cblr-9106	588	4	,	,	PUNCT
cblr-9106	588	5	110	110	NUM
cblr-9106	588	6	stat	stat	NOUN
cblr-9106	588	7	.	.	PUNCT
cblr-9106	589	1	3416	3416	NUM
cblr-9106	589	2	.	.	PUNCT
cblr-9106	590	1	see	see	VERB
cblr-9106	590	2	also	also	ADV
cblr-9106	590	3	financial	financial	ADJ
cblr-9106	590	4	services	service	NOUN
cblr-9106	590	5	and	and	CCONJ
cblr-9106	590	6	markets	market	NOUN
cblr-9106	590	7	act	act	VERB
cblr-9106	590	8	2000	2000	NUM
cblr-9106	590	9	,	,	PUNCT
cblr-9106	590	10	c.	c.	NOUN
cblr-9106	590	11	8	8	NUM
cblr-9106	590	12	,	,	PUNCT
cblr-9106	590	13	§	§	PROPN
cblr-9106	590	14	3b(1	3b(1	NUM
cblr-9106	590	15	)	)	PUNCT
cblr-9106	590	16	(	(	PUNCT
cblr-9106	590	17	eng	eng	PROPN
cblr-9106	590	18	.	.	PUNCT
cblr-9106	590	19	)	)	PUNCT
cblr-9106	590	20	.	.	PUNCT
cblr-9106	591	1	184	184	NUM
cblr-9106	591	2	christian	christian	PROPN
cblr-9106	591	3	leuz	leuz	PROPN
cblr-9106	591	4	&	&	CCONJ
cblr-9106	591	5	peter	peter	PROPN
cblr-9106	591	6	d.	d.	PROPN
cblr-9106	591	7	wysocki	wysocki	PROPN
cblr-9106	591	8	,	,	PUNCT
cblr-9106	591	9	the	the	DET
cblr-9106	591	10	economics	economic	NOUN
cblr-9106	591	11	of	of	ADP
cblr-9106	591	12	disclosure	disclosure	NOUN
cblr-9106	591	13	and	and	CCONJ
cblr-9106	591	14	financial	financial	ADJ
cblr-9106	591	15	reporting	reporting	NOUN
cblr-9106	591	16	regulation	regulation	NOUN
cblr-9106	591	17	:	:	PUNCT
cblr-9106	591	18	evidence	evidence	NOUN
cblr-9106	591	19	and	and	CCONJ
cblr-9106	591	20	suggestions	suggestion	NOUN
cblr-9106	591	21	for	for	ADP
cblr-9106	591	22	future	future	ADJ
cblr-9106	591	23	research	research	NOUN
cblr-9106	591	24	,	,	PUNCT
cblr-9106	591	25	54	54	NUM
cblr-9106	591	26	j.	j.	PROPN
cblr-9106	591	27	acct	acct	PROPN
cblr-9106	591	28	.	.	PUNCT
cblr-9106	592	1	rsch	rsch	PROPN
cblr-9106	592	2	.	.	PUNCT
cblr-9106	593	1	525	525	NUM
cblr-9106	593	2	,	,	PUNCT
cblr-9106	593	3	529–30	529–30	NUM
cblr-9106	593	4	(	(	PUNCT
cblr-9106	593	5	2016	2016	NUM
cblr-9106	593	6	)	)	PUNCT
cblr-9106	593	7	(	(	PUNCT
cblr-9106	593	8	reviewing	review	VERB
cblr-9106	593	9	the	the	DET
cblr-9106	593	10	empirical	empirical	ADJ
cblr-9106	593	11	evidence	evidence	NOUN
cblr-9106	593	12	on	on	ADP
cblr-9106	593	13	the	the	DET
cblr-9106	593	14	costs	cost	NOUN
cblr-9106	593	15	and	and	CCONJ
cblr-9106	593	16	benefits	benefit	NOUN
cblr-9106	593	17	of	of	ADP
cblr-9106	593	18	mandatory	mandatory	ADJ
cblr-9106	593	19	disclosures	disclosure	NOUN
cblr-9106	593	20	and	and	CCONJ
cblr-9106	593	21	concluding	conclude	VERB
cblr-9106	593	22	that	that	SCONJ
cblr-9106	593	23	“	"	PUNCT
cblr-9106	593	24	we	we	PRON
cblr-9106	593	25	are	be	AUX
cblr-9106	593	26	still	still	ADV
cblr-9106	593	27	far	far	ADV
cblr-9106	593	28	from	from	ADP
cblr-9106	593	29	being	be	AUX
cblr-9106	593	30	able	able	ADJ
cblr-9106	593	31	to	to	PART
cblr-9106	593	32	perform	perform	VERB
cblr-9106	593	33	quantitative	quantitative	ADJ
cblr-9106	593	34	cost	cost	NOUN
cblr-9106	593	35	-	-	PUNCT
cblr-9106	593	36	benefit	benefit	NOUN
cblr-9106	593	37	analyses	analysis	NOUN
cblr-9106	593	38	”	"	PUNCT
cblr-9106	593	39	)	)	PUNCT
cblr-9106	593	40	.	.	PUNCT
cblr-9106	594	1	no	no	INTJ
cblr-9106	594	2	.	.	NOUN
cblr-9106	595	1	3:1085	3:1085	NUM
cblr-9106	595	2	]	]	X
cblr-9106	595	3	mandatory	mandatory	ADJ
cblr-9106	595	4	corporate	corporate	ADJ
cblr-9106	595	5	climate	climate	NOUN
cblr-9106	595	6	disclosures	disclosure	NOUN
cblr-9106	595	7	1129	1129	NUM
cblr-9106	595	8	issues	issue	NOUN
cblr-9106	595	9	about	about	ADP
cblr-9106	595	10	the	the	DET
cblr-9106	595	11	appropriate	appropriate	ADJ
cblr-9106	595	12	discount	discount	NOUN
cblr-9106	595	13	rate.185	rate.185	NOUN
cblr-9106	595	14	they	they	PRON
cblr-9106	595	15	are	be	AUX
cblr-9106	595	16	not	not	PART
cblr-9106	595	17	captured	capture	VERB
cblr-9106	595	18	solely	solely	ADV
cblr-9106	595	19	by	by	ADP
cblr-9106	595	20	issuers	issuer	NOUN
cblr-9106	595	21	but	but	CCONJ
cblr-9106	595	22	are	be	AUX
cblr-9106	595	23	spread	spread	VERB
cblr-9106	595	24	diffusely	diffusely	ADV
cblr-9106	595	25	across	across	ADP
cblr-9106	595	26	capital	capital	NOUN
cblr-9106	595	27	markets	market	NOUN
cblr-9106	595	28	and	and	CCONJ
cblr-9106	595	29	beyond	beyond	ADP
cblr-9106	595	30	.	.	PUNCT
cblr-9106	596	1	and	and	CCONJ
cblr-9106	596	2	they	they	PRON
cblr-9106	596	3	are	be	AUX
cblr-9106	596	4	broader	broad	ADJ
cblr-9106	596	5	than	than	ADP
cblr-9106	596	6	the	the	DET
cblr-9106	596	7	benefits	benefit	NOUN
cblr-9106	596	8	associated	associate	VERB
cblr-9106	596	9	with	with	ADP
cblr-9106	596	10	existing	exist	VERB
cblr-9106	596	11	disclosure	disclosure	NOUN
cblr-9106	596	12	obligations	obligation	NOUN
cblr-9106	596	13	,	,	PUNCT
cblr-9106	596	14	which	which	PRON
cblr-9106	596	15	are	be	AUX
cblr-9106	596	16	limited	limit	VERB
cblr-9106	596	17	to	to	ADP
cblr-9106	596	18	the	the	DET
cblr-9106	596	19	efficiency	efficiency	NOUN
cblr-9106	596	20	of	of	ADP
cblr-9106	596	21	capital	capital	NOUN
cblr-9106	596	22	markets.186	markets.186	VERB
cblr-9106	596	23	when	when	SCONJ
cblr-9106	596	24	conducting	conduct	VERB
cblr-9106	596	25	a	a	DET
cblr-9106	596	26	cba	cba	NOUN
cblr-9106	596	27	,	,	PUNCT
cblr-9106	596	28	the	the	DET
cblr-9106	596	29	direct	direct	ADJ
cblr-9106	596	30	and	and	CCONJ
cblr-9106	596	31	indirect	indirect	ADJ
cblr-9106	596	32	costs	cost	NOUN
cblr-9106	596	33	of	of	ADP
cblr-9106	596	34	providing	provide	VERB
cblr-9106	596	35	climate	climate	NOUN
cblr-9106	596	36	-	-	PUNCT
cblr-9106	596	37	related	relate	VERB
cblr-9106	596	38	disclosures	disclosure	NOUN
cblr-9106	596	39	should	should	AUX
cblr-9106	596	40	be	be	AUX
cblr-9106	596	41	compared	compare	VERB
cblr-9106	596	42	not	not	PART
cblr-9106	596	43	only	only	ADV
cblr-9106	596	44	to	to	ADP
cblr-9106	596	45	its	its	PRON
cblr-9106	596	46	benefits	benefit	NOUN
cblr-9106	596	47	in	in	ADP
cblr-9106	596	48	terms	term	NOUN
cblr-9106	596	49	of	of	ADP
cblr-9106	596	50	increased	increase	VERB
cblr-9106	596	51	informational	informational	ADJ
cblr-9106	596	52	efficiency	efficiency	NOUN
cblr-9106	596	53	but	but	CCONJ
cblr-9106	596	54	also	also	ADV
cblr-9106	596	55	to	to	ADP
cblr-9106	596	56	those	those	PRON
cblr-9106	596	57	stemming	stem	VERB
cblr-9106	596	58	from	from	ADP
cblr-9106	596	59	their	their	PRON
cblr-9106	596	60	contribution	contribution	NOUN
cblr-9106	596	61	to	to	ADP
cblr-9106	596	62	better	well	ADJ
cblr-9106	596	63	capital	capital	NOUN
cblr-9106	596	64	allocation	allocation	NOUN
cblr-9106	596	65	decisions	decision	NOUN
cblr-9106	596	66	that	that	PRON
cblr-9106	596	67	fully	fully	ADV
cblr-9106	596	68	account	account	VERB
cblr-9106	596	69	for	for	ADP
cblr-9106	596	70	climate	climate	NOUN
cblr-9106	596	71	-	-	PUNCT
cblr-9106	596	72	related	relate	VERB
cblr-9106	596	73	risks	risk	NOUN
cblr-9106	596	74	.	.	PUNCT
cblr-9106	597	1	we	we	PRON
cblr-9106	597	2	should	should	AUX
cblr-9106	597	3	also	also	ADV
cblr-9106	597	4	consider	consider	VERB
cblr-9106	597	5	the	the	DET
cblr-9106	597	6	hard	hard	ADJ
cblr-9106	597	7	-	-	PUNCT
cblr-9106	597	8	tomeasure	tomeasure	NOUN
cblr-9106	597	9	benefit	benefit	NOUN
cblr-9106	597	10	of	of	ADP
cblr-9106	597	11	our	our	PRON
cblr-9106	597	12	increased	increase	VERB
cblr-9106	597	13	understanding	understanding	NOUN
cblr-9106	597	14	of	of	ADP
cblr-9106	597	15	how	how	SCONJ
cblr-9106	597	16	companies	company	NOUN
cblr-9106	597	17	’	'	PUNCT
cblr-9106	597	18	conduct	conduct	NOUN
cblr-9106	597	19	affects	affect	VERB
cblr-9106	597	20	climate	climate	NOUN
cblr-9106	597	21	change	change	NOUN
cblr-9106	597	22	.	.	PUNCT
cblr-9106	598	1	the	the	DET
cblr-9106	598	2	extent	extent	NOUN
cblr-9106	598	3	to	to	PART
cblr-9106	598	4	which	which	DET
cblr-9106	598	5	inability	inability	NOUN
cblr-9106	598	6	to	to	PART
cblr-9106	598	7	fully	fully	ADV
cblr-9106	598	8	quantify	quantify	VERB
cblr-9106	598	9	benefits	benefit	NOUN
cblr-9106	598	10	poses	pose	VERB
cblr-9106	598	11	a	a	DET
cblr-9106	598	12	challenge	challenge	NOUN
cblr-9106	598	13	to	to	ADP
cblr-9106	598	14	rulemaking	rulemake	VERB
cblr-9106	598	15	varies	varie	NOUN
cblr-9106	598	16	by	by	ADP
cblr-9106	598	17	jurisdiction	jurisdiction	NOUN
cblr-9106	598	18	.	.	PUNCT
cblr-9106	599	1	in	in	ADP
cblr-9106	599	2	the	the	DET
cblr-9106	599	3	united	united	ADJ
cblr-9106	599	4	kingdom	kingdom	PROPN
cblr-9106	599	5	,	,	PUNCT
cblr-9106	599	6	the	the	DET
cblr-9106	599	7	relevant	relevant	ADJ
cblr-9106	599	8	legislation	legislation	NOUN
cblr-9106	599	9	states	state	VERB
cblr-9106	599	10	expressly	expressly	ADV
cblr-9106	599	11	that	that	SCONJ
cblr-9106	599	12	if	if	SCONJ
cblr-9106	599	13	,	,	PUNCT
cblr-9106	599	14	in	in	ADP
cblr-9106	599	15	the	the	DET
cblr-9106	599	16	fca	fca	PROPN
cblr-9106	599	17	’s	’s	PART
cblr-9106	599	18	opinion	opinion	NOUN
cblr-9106	599	19	,	,	PUNCT
cblr-9106	599	20	costs	cost	NOUN
cblr-9106	599	21	or	or	CCONJ
cblr-9106	599	22	benefits	benefit	NOUN
cblr-9106	599	23	can	can	AUX
cblr-9106	599	24	not	not	PART
cblr-9106	599	25	reasonably	reasonably	ADV
cblr-9106	599	26	be	be	AUX
cblr-9106	599	27	estimated	estimate	VERB
cblr-9106	599	28	,	,	PUNCT
cblr-9106	599	29	then	then	ADV
cblr-9106	599	30	the	the	DET
cblr-9106	599	31	fca	fca	PROPN
cblr-9106	599	32	need	need	AUX
cblr-9106	599	33	not	not	PART
cblr-9106	599	34	actually	actually	ADV
cblr-9106	599	35	estimate	estimate	VERB
cblr-9106	599	36	them	they	PRON
cblr-9106	599	37	in	in	ADP
cblr-9106	599	38	its	its	PRON
cblr-9106	599	39	cba	cba	NOUN
cblr-9106	599	40	prior	prior	ADV
cblr-9106	599	41	to	to	ADP
cblr-9106	599	42	rulemaking	rulemaking	NOUN
cblr-9106	599	43	but	but	CCONJ
cblr-9106	599	44	may	may	AUX
cblr-9106	599	45	simply	simply	ADV
cblr-9106	599	46	include	include	VERB
cblr-9106	599	47	a	a	DET
cblr-9106	599	48	statement	statement	NOUN
cblr-9106	599	49	of	of	ADP
cblr-9106	599	50	the	the	DET
cblr-9106	599	51	fca	fca	PROPN
cblr-9106	599	52	’s	’s	PART
cblr-9106	599	53	opinion	opinion	NOUN
cblr-9106	599	54	and	and	CCONJ
cblr-9106	599	55	an	an	DET
cblr-9106	599	56	explanation.187	explanation.187	NOUN
cblr-9106	599	57	this	this	PRON
cblr-9106	599	58	makes	make	VERB
cblr-9106	599	59	clear	clear	ADJ
cblr-9106	599	60	that	that	SCONJ
cblr-9106	599	61	cba	cba	PROPN
cblr-9106	599	62	is	be	AUX
cblr-9106	599	63	to	to	PART
cblr-9106	599	64	be	be	AUX
cblr-9106	599	65	used	use	VERB
cblr-9106	599	66	as	as	ADP
cblr-9106	599	67	a	a	DET
cblr-9106	599	68	regulatory	regulatory	ADJ
cblr-9106	599	69	heuristic	heuristic	NOUN
cblr-9106	599	70	,	,	PUNCT
cblr-9106	599	71	but	but	CCONJ
cblr-9106	599	72	difficulty	difficulty	NOUN
cblr-9106	599	73	in	in	ADP
cblr-9106	599	74	estimation	estimation	NOUN
cblr-9106	599	75	should	should	AUX
cblr-9106	599	76	not	not	PART
cblr-9106	599	77	be	be	AUX
cblr-9106	599	78	viewed	view	VERB
cblr-9106	599	79	as	as	ADP
cblr-9106	599	80	limiting	limit	VERB
cblr-9106	599	81	the	the	DET
cblr-9106	599	82	fca	fca	PROPN
cblr-9106	599	83	’s	’s	PART
cblr-9106	599	84	jurisdiction	jurisdiction	NOUN
cblr-9106	599	85	to	to	PART
cblr-9106	599	86	implement	implement	VERB
cblr-9106	599	87	rules	rule	NOUN
cblr-9106	599	88	.	.	PUNCT
cblr-9106	600	1	in	in	ADP
cblr-9106	600	2	contrast	contrast	NOUN
cblr-9106	600	3	,	,	PUNCT
cblr-9106	600	4	u.s	u.s	PROPN
cblr-9106	600	5	.	.	PROPN
cblr-9106	600	6	court	court	NOUN
cblr-9106	600	7	decisions	decision	NOUN
cblr-9106	600	8	have	have	AUX
cblr-9106	600	9	engaged	engage	VERB
cblr-9106	600	10	in	in	ADP
cblr-9106	600	11	review	review	NOUN
cblr-9106	600	12	of	of	ADP
cblr-9106	600	13	not	not	PART
cblr-9106	600	14	only	only	ADV
cblr-9106	600	15	the	the	DET
cblr-9106	600	16	existence	existence	NOUN
cblr-9106	600	17	but	but	CCONJ
cblr-9106	600	18	also	also	ADV
cblr-9106	600	19	the	the	DET
cblr-9106	600	20	adequacy	adequacy	NOUN
cblr-9106	600	21	of	of	ADP
cblr-9106	600	22	cost	cost	NOUN
cblr-9106	600	23	-	-	PUNCT
cblr-9106	600	24	benefit	benefit	NOUN
cblr-9106	600	25	analysis	analysis	NOUN
cblr-9106	600	26	produced	produce	VERB
cblr-9106	600	27	by	by	ADP
cblr-9106	600	28	the	the	DET
cblr-9106	600	29	sec	sec	PROPN
cblr-9106	600	30	and	and	CCONJ
cblr-9106	600	31	other	other	ADJ
cblr-9106	600	32	financial	financial	ADJ
cblr-9106	600	33	regulators,188	regulators,188	NOUN
cblr-9106	600	34	taking	take	VERB
cblr-9106	600	35	the	the	DET
cblr-9106	600	36	view	view	NOUN
cblr-9106	600	37	that	that	SCONJ
cblr-9106	600	38	incomplete	incomplete	ADJ
cblr-9106	600	39	cba	cba	NOUN
cblr-9106	600	40	renders	render	VERB
cblr-9106	600	41	rulemaking	rulemake	VERB
cblr-9106	600	42	“	"	PUNCT
cblr-9106	600	43	arbitrary	arbitrary	ADJ
cblr-9106	600	44	and	and	CCONJ
cblr-9106	600	45	capricious	capricious	ADJ
cblr-9106	600	46	”	"	PUNCT
cblr-9106	600	47	under	under	ADP
cblr-9106	600	48	the	the	DET
cblr-9106	600	49	administrative	administrative	ADJ
cblr-9106	600	50	procedure	procedure	NOUN
cblr-9106	600	51	act	act	NOUN
cblr-9106	600	52	,	,	PUNCT
cblr-9106	600	53	and	and	CCONJ
cblr-9106	600	54	185	185	NUM
cblr-9106	600	55	wilfred	wilfred	PROPN
cblr-9106	600	56	beckerman	beckerman	PROPN
cblr-9106	600	57	&	&	CCONJ
cblr-9106	600	58	cameron	cameron	PROPN
cblr-9106	600	59	hepburn	hepburn	PROPN
cblr-9106	600	60	,	,	PUNCT
cblr-9106	600	61	ethics	ethic	NOUN
cblr-9106	600	62	of	of	ADP
cblr-9106	600	63	the	the	DET
cblr-9106	600	64	discount	discount	NOUN
cblr-9106	600	65	rate	rate	NOUN
cblr-9106	600	66	in	in	ADP
cblr-9106	600	67	the	the	DET
cblr-9106	600	68	stern	stern	ADJ
cblr-9106	600	69	review	review	NOUN
cblr-9106	600	70	on	on	ADP
cblr-9106	600	71	the	the	DET
cblr-9106	600	72	economics	economic	NOUN
cblr-9106	600	73	of	of	ADP
cblr-9106	600	74	climate	climate	NOUN
cblr-9106	600	75	change	change	NOUN
cblr-9106	600	76	,	,	PUNCT
cblr-9106	600	77	world	world	PROPN
cblr-9106	600	78	econ	econ	PROPN
cblr-9106	600	79	.	.	PUNCT
cblr-9106	601	1	jan	jan	PROPN
cblr-9106	601	2	–	–	PUNCT
cblr-9106	601	3	mar	mar	PROPN
cblr-9106	601	4	.	.	PROPN
cblr-9106	601	5	2007	2007	NUM
cblr-9106	601	6	,	,	PUNCT
cblr-9106	601	7	187	187	NUM
cblr-9106	601	8	,	,	PUNCT
cblr-9106	601	9	190–92	190–92	NUM
cblr-9106	601	10	.	.	PUNCT
cblr-9106	602	1	186	186	NUM
cblr-9106	602	2	these	these	DET
cblr-9106	602	3	benefits	benefit	NOUN
cblr-9106	602	4	are	be	AUX
cblr-9106	602	5	typically	typically	ADV
cblr-9106	602	6	measured	measure	VERB
cblr-9106	602	7	in	in	ADP
cblr-9106	602	8	the	the	DET
cblr-9106	602	9	empirical	empirical	ADJ
cblr-9106	602	10	literature	literature	NOUN
cblr-9106	602	11	with	with	ADP
cblr-9106	602	12	variables	variable	NOUN
cblr-9106	602	13	such	such	ADJ
cblr-9106	602	14	as	as	ADP
cblr-9106	602	15	market	market	NOUN
cblr-9106	602	16	liquidity	liquidity	NOUN
cblr-9106	602	17	and	and	CCONJ
cblr-9106	602	18	price	price	NOUN
cblr-9106	602	19	volatility	volatility	NOUN
cblr-9106	602	20	.	.	PUNCT
cblr-9106	603	1	see	see	VERB
cblr-9106	603	2	leuz	leuz	PROPN
cblr-9106	603	3	&	&	CCONJ
cblr-9106	603	4	wysocki	wysocki	PROPN
cblr-9106	603	5	,	,	PUNCT
cblr-9106	603	6	supra	supra	PROPN
cblr-9106	603	7	note	note	PROPN
cblr-9106	603	8	184	184	NUM
cblr-9106	603	9	,	,	PUNCT
cblr-9106	603	10	at	at	ADP
cblr-9106	603	11	532–35	532–35	PROPN
cblr-9106	603	12	(	(	PUNCT
cblr-9106	603	13	surveying	survey	VERB
cblr-9106	603	14	the	the	DET
cblr-9106	603	15	empirical	empirical	ADJ
cblr-9106	603	16	literature	literature	NOUN
cblr-9106	603	17	on	on	ADP
cblr-9106	603	18	the	the	DET
cblr-9106	603	19	effects	effect	NOUN
cblr-9106	603	20	of	of	ADP
cblr-9106	603	21	mandatory	mandatory	ADJ
cblr-9106	603	22	disclosures	disclosure	NOUN
cblr-9106	603	23	)	)	PUNCT
cblr-9106	603	24	.	.	PUNCT
cblr-9106	604	1	187	187	NUM
cblr-9106	604	2	see	see	VERB
cblr-9106	604	3	,	,	PUNCT
cblr-9106	604	4	e.g.	e.g.	ADV
cblr-9106	604	5	,	,	PUNCT
cblr-9106	604	6	financial	financial	ADJ
cblr-9106	604	7	services	service	NOUN
cblr-9106	604	8	and	and	CCONJ
cblr-9106	604	9	markets	market	NOUN
cblr-9106	604	10	act	act	VERB
cblr-9106	604	11	2000	2000	NUM
cblr-9106	604	12	,	,	PUNCT
cblr-9106	604	13	c.8	c.8	VERB
cblr-9106	604	14	,	,	PUNCT
cblr-9106	604	15	§	§	PROPN
cblr-9106	604	16	65(11a	65(11a	NUM
cblr-9106	604	17	)	)	PUNCT
cblr-9106	604	18	(	(	PUNCT
cblr-9106	604	19	eng	eng	PROPN
cblr-9106	604	20	.	.	PUNCT
cblr-9106	604	21	)	)	PUNCT
cblr-9106	604	22	.	.	PUNCT
cblr-9106	605	1	188	188	NUM
cblr-9106	605	2	see	see	VERB
cblr-9106	605	3	bus	bus	NOUN
cblr-9106	605	4	.	.	PUNCT
cblr-9106	606	1	roundtable	roundtable	PROPN
cblr-9106	606	2	v.	v.	ADP
cblr-9106	606	3	sec	sec	PROPN
cblr-9106	606	4	,	,	PUNCT
cblr-9106	606	5	647	647	NUM
cblr-9106	606	6	f.3d	f.3d	NUM
cblr-9106	606	7	1144	1144	NUM
cblr-9106	606	8	,	,	PUNCT
cblr-9106	606	9	1148–49	1148–49	NUM
cblr-9106	606	10	(	(	PUNCT
cblr-9106	606	11	d.c	d.c	PROPN
cblr-9106	606	12	.	.	PROPN
cblr-9106	606	13	cir	cir	PROPN
cblr-9106	606	14	.	.	PROPN
cblr-9106	607	1	2011	2011	NUM
cblr-9106	607	2	)	)	PUNCT
cblr-9106	607	3	;	;	PUNCT
cblr-9106	608	1	metlife	metlife	PROPN
cblr-9106	608	2	inc	inc	PROPN
cblr-9106	608	3	.	.	PROPN
cblr-9106	609	1	v.	v.	ADP
cblr-9106	609	2	fin	fin	PROPN
cblr-9106	609	3	.	.	PUNCT
cblr-9106	610	1	stability	stability	NOUN
cblr-9106	610	2	oversight	oversight	PROPN
cblr-9106	610	3	council	council	PROPN
cblr-9106	610	4	,	,	PUNCT
cblr-9106	610	5	177	177	NUM
cblr-9106	610	6	f.	f.	PROPN
cblr-9106	610	7	supp	supp	PROPN
cblr-9106	610	8	.	.	PUNCT
cblr-9106	611	1	3d	3d	NUM
cblr-9106	611	2	219	219	NUM
cblr-9106	611	3	,	,	PUNCT
cblr-9106	611	4	239–42	239–42	PROPN
cblr-9106	611	5	(	(	PUNCT
cblr-9106	611	6	d.c	d.c	PROPN
cblr-9106	611	7	.	.	PROPN
cblr-9106	611	8	2016	2016	NUM
cblr-9106	611	9	)	)	PUNCT
cblr-9106	611	10	.	.	PUNCT
cblr-9106	612	1	1130	1130	NUM
cblr-9106	612	2	columbia	columbia	PROPN
cblr-9106	612	3	business	business	PROPN
cblr-9106	612	4	law	law	PROPN
cblr-9106	612	5	review	review	NOUN
cblr-9106	612	6	[	[	X
cblr-9106	612	7	vol	vol	NOUN
cblr-9106	612	8	.	.	NOUN
cblr-9106	612	9	2021	2021	NUM
cblr-9106	612	10	hence	hence	ADV
cblr-9106	612	11	invalid.189	invalid.189	PROPN
cblr-9106	612	12	thus	thus	ADV
cblr-9106	612	13	,	,	PUNCT
cblr-9106	612	14	complete	complete	ADJ
cblr-9106	612	15	quantification	quantification	NOUN
cblr-9106	612	16	of	of	ADP
cblr-9106	612	17	costs	cost	NOUN
cblr-9106	612	18	and	and	CCONJ
cblr-9106	612	19	benefits	benefit	NOUN
cblr-9106	612	20	is	be	AUX
cblr-9106	612	21	a	a	DET
cblr-9106	612	22	precondition	precondition	NOUN
cblr-9106	612	23	for	for	ADP
cblr-9106	612	24	rulemaking	rulemaking	NOUN
cblr-9106	612	25	in	in	ADP
cblr-9106	612	26	the	the	DET
cblr-9106	612	27	united	united	PROPN
cblr-9106	612	28	states	states	PROPN
cblr-9106	612	29	.	.	PUNCT
cblr-9106	613	1	considering	consider	VERB
cblr-9106	613	2	the	the	DET
cblr-9106	613	3	difficulty	difficulty	NOUN
cblr-9106	613	4	of	of	ADP
cblr-9106	613	5	quantifying	quantify	VERB
cblr-9106	613	6	diffuse	diffuse	NOUN
cblr-9106	613	7	benefits	benefit	NOUN
cblr-9106	613	8	in	in	ADP
cblr-9106	613	9	highly	highly	ADV
cblr-9106	613	10	dynamic	dynamic	ADJ
cblr-9106	613	11	and	and	CCONJ
cblr-9106	613	12	evolving	evolve	VERB
cblr-9106	613	13	contexts	context	NOUN
cblr-9106	613	14	,	,	PUNCT
cblr-9106	613	15	many	many	ADJ
cblr-9106	613	16	scholars	scholar	NOUN
cblr-9106	613	17	are	be	AUX
cblr-9106	613	18	highly	highly	ADV
cblr-9106	613	19	critical	critical	ADJ
cblr-9106	613	20	of	of	ADP
cblr-9106	613	21	the	the	DET
cblr-9106	613	22	approach	approach	NOUN
cblr-9106	613	23	taken	take	VERB
cblr-9106	613	24	by	by	ADP
cblr-9106	613	25	the	the	DET
cblr-9106	613	26	d.c	d.c	PROPN
cblr-9106	613	27	.	.	PROPN
cblr-9106	613	28	circuit	circuit	PROPN
cblr-9106	613	29	to	to	ADP
cblr-9106	613	30	cba	cba	PROPN
cblr-9106	613	31	in	in	ADP
cblr-9106	613	32	financial	financial	ADJ
cblr-9106	613	33	sector	sector	NOUN
cblr-9106	613	34	rulemaking.190	rulemaking.190	VERB
cblr-9106	613	35	these	these	DET
cblr-9106	613	36	issues	issue	NOUN
cblr-9106	613	37	are	be	AUX
cblr-9106	613	38	at	at	ADV
cblr-9106	613	39	least	least	ADJ
cblr-9106	613	40	as	as	SCONJ
cblr-9106	613	41	pronounced	pronounce	VERB
cblr-9106	613	42	in	in	ADP
cblr-9106	613	43	regard	regard	NOUN
cblr-9106	613	44	to	to	ADP
cblr-9106	613	45	climate	climate	NOUN
cblr-9106	613	46	change	change	NOUN
cblr-9106	613	47	.	.	PUNCT
cblr-9106	614	1	critics	critic	NOUN
cblr-9106	614	2	assert	assert	VERB
cblr-9106	614	3	that	that	SCONJ
cblr-9106	614	4	making	make	VERB
cblr-9106	614	5	quantified	quantify	VERB
cblr-9106	614	6	cba	cba	NOUN
cblr-9106	614	7	a	a	DET
cblr-9106	614	8	precondition	precondition	NOUN
cblr-9106	614	9	for	for	ADP
cblr-9106	614	10	rulemaking	rulemaking	NOUN
cblr-9106	614	11	stymies	stymie	VERB
cblr-9106	614	12	regulators	regulator	NOUN
cblr-9106	614	13	’	’	PART
cblr-9106	614	14	ability	ability	NOUN
cblr-9106	614	15	to	to	PART
cblr-9106	614	16	respond	respond	VERB
cblr-9106	614	17	because	because	SCONJ
cblr-9106	614	18	of	of	ADP
cblr-9106	614	19	the	the	DET
cblr-9106	614	20	asymmetry	asymmetry	NOUN
cblr-9106	614	21	between	between	ADP
cblr-9106	614	22	the	the	DET
cblr-9106	614	23	ease	ease	NOUN
cblr-9106	614	24	in	in	ADP
cblr-9106	614	25	quantifying	quantify	VERB
cblr-9106	614	26	benefits	benefit	NOUN
cblr-9106	614	27	and	and	CCONJ
cblr-9106	614	28	costs.191	costs.191	NOUN
cblr-9106	614	29	however	however	ADV
cblr-9106	614	30	,	,	PUNCT
cblr-9106	614	31	the	the	DET
cblr-9106	614	32	issue	issue	NOUN
cblr-9106	614	33	is	be	AUX
cblr-9106	614	34	perhaps	perhaps	ADV
cblr-9106	614	35	not	not	PART
cblr-9106	614	36	so	so	ADV
cblr-9106	614	37	much	much	ADJ
cblr-9106	614	38	with	with	ADP
cblr-9106	614	39	the	the	DET
cblr-9106	614	40	application	application	NOUN
cblr-9106	614	41	of	of	ADP
cblr-9106	614	42	cba	cba	PROPN
cblr-9106	614	43	per	per	ADP
cblr-9106	614	44	se	se	ADV
cblr-9106	614	45	,	,	PUNCT
cblr-9106	614	46	but	but	CCONJ
cblr-9106	614	47	with	with	ADP
cblr-9106	614	48	the	the	DET
cblr-9106	614	49	need	need	NOUN
cblr-9106	614	50	to	to	PART
cblr-9106	614	51	find	find	VERB
cblr-9106	614	52	effective	effective	ADJ
cblr-9106	614	53	ways	way	NOUN
cblr-9106	614	54	to	to	PART
cblr-9106	614	55	accommodate	accommodate	VERB
cblr-9106	614	56	estimates	estimate	NOUN
cblr-9106	614	57	of	of	ADP
cblr-9106	614	58	diffuse	diffuse	NOUN
cblr-9106	614	59	and	and	CCONJ
cblr-9106	614	60	dynamic	dynamic	ADJ
cblr-9106	614	61	costs	cost	NOUN
cblr-9106	614	62	or	or	CCONJ
cblr-9106	614	63	benefits	benefit	NOUN
cblr-9106	614	64	,	,	PUNCT
cblr-9106	614	65	so	so	SCONJ
cblr-9106	614	66	as	as	SCONJ
cblr-9106	614	67	to	to	PART
cblr-9106	614	68	avoid	avoid	VERB
cblr-9106	614	69	a	a	DET
cblr-9106	614	70	structural	structural	ADJ
cblr-9106	614	71	bias	bias	NOUN
cblr-9106	614	72	against	against	ADP
cblr-9106	614	73	rulemaking	rulemaking	NOUN
cblr-9106	614	74	in	in	ADP
cblr-9106	614	75	such	such	ADJ
cblr-9106	614	76	contexts.192	contexts.192	NOUN
cblr-9106	614	77	in	in	ADP
cblr-9106	614	78	applying	apply	VERB
cblr-9106	614	79	cba	cba	NOUN
cblr-9106	614	80	to	to	ADP
cblr-9106	614	81	highly	highly	ADV
cblr-9106	614	82	uncertain	uncertain	ADJ
cblr-9106	614	83	or	or	CCONJ
cblr-9106	614	84	dynamic	dynamic	ADJ
cblr-9106	614	85	circumstances	circumstance	NOUN
cblr-9106	614	86	,	,	PUNCT
cblr-9106	614	87	a	a	DET
cblr-9106	614	88	number	number	NOUN
cblr-9106	614	89	of	of	ADP
cblr-9106	614	90	scholars	scholar	NOUN
cblr-9106	614	91	have	have	AUX
cblr-9106	614	92	called	call	VERB
cblr-9106	614	93	for	for	ADP
cblr-9106	614	94	what	what	PRON
cblr-9106	614	95	might	might	AUX
cblr-9106	614	96	be	be	AUX
cblr-9106	614	97	termed	term	VERB
cblr-9106	614	98	a	a	DET
cblr-9106	614	99	“	"	PUNCT
cblr-9106	614	100	bayesian	bayesian	NOUN
cblr-9106	614	101	”	"	PUNCT
cblr-9106	614	102	approach	approach	NOUN
cblr-9106	614	103	to	to	ADP
cblr-9106	614	104	quantification	quantification	NOUN
cblr-9106	614	105	of	of	ADP
cblr-9106	614	106	costs	cost	NOUN
cblr-9106	614	107	and	and	CCONJ
cblr-9106	614	108	benefits.193	benefits.193	DET
cblr-9106	614	109	this	this	DET
cblr-9106	614	110	approach	approach	NOUN
cblr-9106	614	111	has	have	VERB
cblr-9106	614	112	two	two	NUM
cblr-9106	614	113	essential	essential	ADJ
cblr-9106	614	114	elements	element	NOUN
cblr-9106	614	115	.	.	PUNCT
cblr-9106	615	1	the	the	DET
cblr-9106	615	2	first	first	ADJ
cblr-9106	615	3	is	be	AUX
cblr-9106	615	4	that	that	SCONJ
cblr-9106	615	5	where	where	SCONJ
cblr-9106	615	6	evidence	evidence	NOUN
cblr-9106	615	7	is	be	AUX
cblr-9106	615	8	incomplete	incomplete	ADJ
cblr-9106	615	9	,	,	PUNCT
cblr-9106	615	10	quantifications	quantification	NOUN
cblr-9106	615	11	based	base	VERB
cblr-9106	615	12	on	on	ADP
cblr-9106	615	13	the	the	DET
cblr-9106	615	14	best	good	ADJ
cblr-9106	615	15	available	available	ADJ
cblr-9106	615	16	(	(	PUNCT
cblr-9106	615	17	albeit	albeit	SCONJ
cblr-9106	615	18	imperfect	imperfect	ADJ
cblr-9106	615	19	)	)	PUNCT
cblr-9106	615	20	evidence	evidence	NOUN
cblr-9106	615	21	should	should	AUX
cblr-9106	615	22	be	be	AUX
cblr-9106	615	23	taken	take	VERB
cblr-9106	615	24	at	at	ADP
cblr-9106	615	25	face	face	NOUN
cblr-9106	615	26	value	value	NOUN
cblr-9106	615	27	.	.	PUNCT
cblr-9106	616	1	this	this	PRON
cblr-9106	616	2	facilitates	facilitate	VERB
cblr-9106	616	3	rulemaking	rulemake	VERB
cblr-9106	616	4	in	in	ADP
cblr-9106	616	5	response	response	NOUN
cblr-9106	616	6	to	to	ADP
cblr-9106	616	7	real	real	ADJ
cblr-9106	616	8	problems	problem	NOUN
cblr-9106	616	9	where	where	SCONJ
cblr-9106	616	10	costs	cost	NOUN
cblr-9106	616	11	and	and	CCONJ
cblr-9106	616	12	benefits	benefit	NOUN
cblr-9106	616	13	are	be	AUX
cblr-9106	616	14	uncertain	uncertain	ADJ
cblr-9106	616	15	or	or	CCONJ
cblr-9106	616	16	dynamic	dynamic	ADJ
cblr-9106	616	17	.	.	PUNCT
cblr-9106	617	1	the	the	DET
cblr-9106	617	2	corollary	corollary	NOUN
cblr-9106	617	3	of	of	ADP
cblr-9106	617	4	this	this	PRON
cblr-9106	617	5	,	,	PUNCT
cblr-9106	617	6	however	however	ADV
cblr-9106	617	7	,	,	PUNCT
cblr-9106	617	8	is	be	AUX
cblr-9106	617	9	that	that	SCONJ
cblr-9106	617	10	estimates	estimate	NOUN
cblr-9106	617	11	of	of	ADP
cblr-9106	617	12	such	such	ADJ
cblr-9106	617	13	costs	cost	NOUN
cblr-9106	617	14	and	and	CCONJ
cblr-9106	617	15	benefits	benefit	NOUN
cblr-9106	617	16	will	will	AUX
cblr-9106	617	17	evolve	evolve	VERB
cblr-9106	617	18	as	as	ADP
cblr-9106	617	19	new	new	ADJ
cblr-9106	617	20	evidence	evidence	NOUN
cblr-9106	617	21	emerges.194	emerges.194	VERB
cblr-9106	617	22	the	the	DET
cblr-9106	617	23	second	second	ADJ
cblr-9106	617	24	essential	essential	ADJ
cblr-9106	617	25	189	189	NUM
cblr-9106	617	26	see	see	NOUN
cblr-9106	617	27	chamber	chamber	NOUN
cblr-9106	617	28	of	of	ADP
cblr-9106	617	29	com	com	PROPN
cblr-9106	617	30	.	.	PUNCT
cblr-9106	618	1	v.	v.	PROPN
cblr-9106	618	2	sec	sec	PROPN
cblr-9106	618	3	,	,	PUNCT
cblr-9106	618	4	412	412	NUM
cblr-9106	618	5	f.3d	f.3d	NUM
cblr-9106	618	6	133	133	NUM
cblr-9106	618	7	,	,	PUNCT
cblr-9106	618	8	143–44	143–44	NUM
cblr-9106	618	9	(	(	PUNCT
cblr-9106	618	10	d.c	d.c	PROPN
cblr-9106	618	11	.	.	PROPN
cblr-9106	618	12	cir	cir	PROPN
cblr-9106	618	13	.	.	PROPN
cblr-9106	618	14	2005	2005	NUM
cblr-9106	618	15	)	)	PUNCT
cblr-9106	618	16	.	.	PUNCT
cblr-9106	619	1	190	190	NUM
cblr-9106	619	2	see	see	VERB
cblr-9106	619	3	,	,	PUNCT
cblr-9106	619	4	e.g.	e.g.	ADV
cblr-9106	619	5	,	,	PUNCT
cblr-9106	619	6	john	john	PROPN
cblr-9106	619	7	c.	c.	PROPN
cblr-9106	619	8	coates	coat	VERB
cblr-9106	619	9	iv	iv	NUM
cblr-9106	619	10	,	,	PUNCT
cblr-9106	619	11	cost	cost	NOUN
cblr-9106	619	12	-	-	PUNCT
cblr-9106	619	13	benefit	benefit	NOUN
cblr-9106	619	14	analysis	analysis	NOUN
cblr-9106	619	15	of	of	ADP
cblr-9106	619	16	financial	financial	ADJ
cblr-9106	619	17	regulation	regulation	NOUN
cblr-9106	619	18	:	:	PUNCT
cblr-9106	619	19	case	case	NOUN
cblr-9106	619	20	studies	study	NOUN
cblr-9106	619	21	and	and	CCONJ
cblr-9106	619	22	implications	implication	NOUN
cblr-9106	619	23	,	,	PUNCT
cblr-9106	619	24	124	124	NUM
cblr-9106	619	25	yale	yale	PROPN
cblr-9106	619	26	l.j	l.j	PROPN
cblr-9106	619	27	.	.	PROPN
cblr-9106	619	28	882	882	NUM
cblr-9106	619	29	,	,	PUNCT
cblr-9106	619	30	912–20	912–20	NUM
cblr-9106	619	31	(	(	PUNCT
cblr-9106	619	32	2015	2015	NUM
cblr-9106	619	33	)	)	PUNCT
cblr-9106	619	34	;	;	PUNCT
cblr-9106	619	35	jeffrey	jeffrey	PROPN
cblr-9106	619	36	n.	n.	PROPN
cblr-9106	619	37	gordon	gordon	PROPN
cblr-9106	619	38	,	,	PUNCT
cblr-9106	619	39	the	the	DET
cblr-9106	619	40	empty	empty	ADJ
cblr-9106	619	41	call	call	NOUN
cblr-9106	619	42	for	for	ADP
cblr-9106	619	43	benefit	benefit	NOUN
cblr-9106	619	44	-	-	PUNCT
cblr-9106	619	45	cost	cost	NOUN
cblr-9106	619	46	analysis	analysis	NOUN
cblr-9106	619	47	in	in	ADP
cblr-9106	619	48	financial	financial	ADJ
cblr-9106	619	49	regulation	regulation	NOUN
cblr-9106	619	50	,	,	PUNCT
cblr-9106	619	51	43	43	NUM
cblr-9106	619	52	j.	j.	PROPN
cblr-9106	619	53	legal	legal	ADJ
cblr-9106	619	54	stud	stud	NOUN
cblr-9106	619	55	.	.	PUNCT
cblr-9106	620	1	(	(	PUNCT
cblr-9106	620	2	special	special	ADJ
cblr-9106	620	3	issue	issue	NOUN
cblr-9106	620	4	)	)	PUNCT
cblr-9106	620	5	s351	s351	PROPN
cblr-9106	620	6	,	,	PUNCT
cblr-9106	620	7	s375	s375	PROPN
cblr-9106	620	8	(	(	PUNCT
cblr-9106	620	9	2014	2014	NUM
cblr-9106	620	10	)	)	PUNCT
cblr-9106	620	11	.	.	PUNCT
cblr-9106	621	1	191	191	NUM
cblr-9106	621	2	see	see	VERB
cblr-9106	621	3	coates	coate	NOUN
cblr-9106	621	4	,	,	PUNCT
cblr-9106	621	5	supra	supra	PROPN
cblr-9106	621	6	note	note	NOUN
cblr-9106	621	7	190	190	NUM
cblr-9106	621	8	,	,	PUNCT
cblr-9106	621	9	at	at	ADP
cblr-9106	621	10	998–99	998–99	PROPN
cblr-9106	621	11	.	.	PUNCT
cblr-9106	622	1	192	192	NUM
cblr-9106	622	2	jonathan	jonathan	PROPN
cblr-9106	622	3	s.	s.	PROPN
cblr-9106	622	4	masur	masur	PROPN
cblr-9106	622	5	&	&	CCONJ
cblr-9106	622	6	eric	eric	PROPN
cblr-9106	622	7	a.	a.	PROPN
cblr-9106	622	8	posner	posner	PROPN
cblr-9106	622	9	,	,	PUNCT
cblr-9106	622	10	cost	cost	NOUN
cblr-9106	622	11	-	-	PUNCT
cblr-9106	622	12	benefit	benefit	NOUN
cblr-9106	622	13	analysis	analysis	NOUN
cblr-9106	622	14	and	and	CCONJ
cblr-9106	622	15	the	the	DET
cblr-9106	622	16	judicial	judicial	ADJ
cblr-9106	622	17	role	role	NOUN
cblr-9106	622	18	,	,	PUNCT
cblr-9106	622	19	85	85	NUM
cblr-9106	622	20	u.	u.	NOUN
cblr-9106	622	21	chi	chi	PROPN
cblr-9106	622	22	.	.	PUNCT
cblr-9106	623	1	l.	l.	PROPN
cblr-9106	623	2	rev	rev	PROPN
cblr-9106	623	3	.	.	PROPN
cblr-9106	623	4	935	935	NUM
cblr-9106	623	5	,	,	PUNCT
cblr-9106	623	6	939–40	939–40	NUM
cblr-9106	623	7	(	(	PUNCT
cblr-9106	623	8	2018	2018	NUM
cblr-9106	623	9	)	)	PUNCT
cblr-9106	623	10	.	.	PUNCT
cblr-9106	624	1	193	193	NUM
cblr-9106	624	2	robert	robert	PROPN
cblr-9106	624	3	p.	p.	PROPN
cblr-9106	624	4	bartlett	bartlett	PROPN
cblr-9106	624	5	iii	iii	PROPN
cblr-9106	624	6	,	,	PUNCT
cblr-9106	624	7	the	the	DET
cblr-9106	624	8	institutional	institutional	ADJ
cblr-9106	624	9	framework	framework	NOUN
cblr-9106	624	10	for	for	ADP
cblr-9106	624	11	cost	cost	NOUN
cblr-9106	624	12	-	-	PUNCT
cblr-9106	624	13	benefit	benefit	NOUN
cblr-9106	624	14	analysis	analysis	NOUN
cblr-9106	624	15	in	in	ADP
cblr-9106	624	16	financial	financial	ADJ
cblr-9106	624	17	regulation	regulation	NOUN
cblr-9106	624	18	:	:	PUNCT
cblr-9106	624	19	a	a	DET
cblr-9106	624	20	tale	tale	NOUN
cblr-9106	624	21	of	of	ADP
cblr-9106	624	22	four	four	NUM
cblr-9106	624	23	paradigms	paradigm	NOUN
cblr-9106	624	24	?	?	PUNCT
cblr-9106	624	25	,	,	PUNCT
cblr-9106	624	26	43	43	NUM
cblr-9106	624	27	j.	j.	PROPN
cblr-9106	624	28	legal	legal	ADJ
cblr-9106	624	29	stud	stud	NOUN
cblr-9106	624	30	.	.	PUNCT
cblr-9106	625	1	(	(	PUNCT
cblr-9106	625	2	special	special	ADJ
cblr-9106	625	3	issue	issue	NOUN
cblr-9106	625	4	)	)	PUNCT
cblr-9106	625	5	s379	s379	PROPN
cblr-9106	625	6	,	,	PUNCT
cblr-9106	625	7	s397–98	s397–98	NUM
cblr-9106	625	8	(	(	PUNCT
cblr-9106	625	9	2014	2014	NUM
cblr-9106	625	10	)	)	PUNCT
cblr-9106	625	11	;	;	PUNCT
cblr-9106	625	12	stephen	stephen	PROPN
cblr-9106	625	13	charest	charest	PROPN
cblr-9106	625	14	,	,	PUNCT
cblr-9106	625	15	bayesian	bayesian	NOUN
cblr-9106	625	16	approaches	approach	NOUN
cblr-9106	625	17	to	to	ADP
cblr-9106	625	18	the	the	DET
cblr-9106	625	19	precautionary	precautionary	ADJ
cblr-9106	625	20	principle	principle	NOUN
cblr-9106	625	21	,	,	PUNCT
cblr-9106	625	22	12	12	NUM
cblr-9106	625	23	duke	duke	PROPN
cblr-9106	625	24	envt’l	envt’l	PROPN
cblr-9106	625	25	l.	l.	PROPN
cblr-9106	625	26	&	&	CCONJ
cblr-9106	625	27	pol’y	pol’y	PROPN
cblr-9106	625	28	f.	f.	PROPN
cblr-9106	625	29	265	265	NUM
cblr-9106	625	30	,	,	PUNCT
cblr-9106	625	31	270–72	270–72	NUM
cblr-9106	625	32	(	(	PUNCT
cblr-9106	625	33	2002	2002	NUM
cblr-9106	625	34	)	)	PUNCT
cblr-9106	625	35	.	.	PUNCT
cblr-9106	626	1	194	194	NUM
cblr-9106	626	2	see	see	VERB
cblr-9106	626	3	charest	charest	PROPN
cblr-9106	626	4	,	,	PUNCT
cblr-9106	626	5	supra	supra	PROPN
cblr-9106	626	6	note	note	NOUN
cblr-9106	626	7	193	193	NUM
cblr-9106	626	8	,	,	PUNCT
cblr-9106	626	9	at	at	ADP
cblr-9106	626	10	272	272	NUM
cblr-9106	626	11	.	.	PUNCT
cblr-9106	627	1	no	no	INTJ
cblr-9106	627	2	.	.	NOUN
cblr-9106	628	1	3:1085	3:1085	NUM
cblr-9106	628	2	]	]	X
cblr-9106	628	3	mandatory	mandatory	ADJ
cblr-9106	628	4	corporate	corporate	ADJ
cblr-9106	628	5	climate	climate	NOUN
cblr-9106	628	6	disclosures	disclosure	NOUN
cblr-9106	628	7	1131	1131	NUM
cblr-9106	628	8	element	element	NOUN
cblr-9106	628	9	follows	follow	VERB
cblr-9106	628	10	from	from	ADP
cblr-9106	628	11	this	this	PRON
cblr-9106	628	12	:	:	PUNCT
cblr-9106	628	13	where	where	SCONJ
cblr-9106	628	14	rules	rule	NOUN
cblr-9106	628	15	are	be	AUX
cblr-9106	628	16	made	make	VERB
cblr-9106	628	17	under	under	ADP
cblr-9106	628	18	such	such	ADJ
cblr-9106	628	19	circumstances	circumstance	NOUN
cblr-9106	628	20	,	,	PUNCT
cblr-9106	628	21	the	the	DET
cblr-9106	628	22	agency	agency	NOUN
cblr-9106	628	23	must	must	AUX
cblr-9106	628	24	commit	commit	VERB
cblr-9106	628	25	to	to	ADP
cblr-9106	628	26	updating	update	VERB
cblr-9106	628	27	its	its	PRON
cblr-9106	628	28	assessment	assessment	NOUN
cblr-9106	628	29	—	—	PUNCT
cblr-9106	628	30	and	and	CCONJ
cblr-9106	628	31	any	any	DET
cblr-9106	628	32	regulatory	regulatory	ADJ
cblr-9106	628	33	intervention	intervention	NOUN
cblr-9106	628	34	—	—	PUNCT
cblr-9106	628	35	in	in	ADP
cblr-9106	628	36	light	light	NOUN
cblr-9106	628	37	of	of	ADP
cblr-9106	628	38	subsequently	subsequently	ADV
cblr-9106	628	39	emerging	emerge	VERB
cblr-9106	628	40	evidence.195	evidence.195	NOUN
cblr-9106	628	41	together	together	ADV
cblr-9106	628	42	,	,	PUNCT
cblr-9106	628	43	these	these	DET
cblr-9106	628	44	aspects	aspect	NOUN
cblr-9106	628	45	of	of	ADP
cblr-9106	628	46	the	the	DET
cblr-9106	628	47	framework	framework	NOUN
cblr-9106	628	48	would	would	AUX
cblr-9106	628	49	manage	manage	VERB
cblr-9106	628	50	both	both	DET
cblr-9106	628	51	the	the	DET
cblr-9106	628	52	risk	risk	NOUN
cblr-9106	628	53	that	that	SCONJ
cblr-9106	628	54	irreparable	irreparable	ADJ
cblr-9106	628	55	social	social	ADJ
cblr-9106	628	56	harms	harm	NOUN
cblr-9106	628	57	may	may	AUX
cblr-9106	628	58	be	be	AUX
cblr-9106	628	59	caused	cause	VERB
cblr-9106	628	60	during	during	ADP
cblr-9106	628	61	a	a	DET
cblr-9106	628	62	period	period	NOUN
cblr-9106	628	63	in	in	ADP
cblr-9106	628	64	which	which	PRON
cblr-9106	628	65	agencies	agency	NOUN
cblr-9106	628	66	lack	lack	VERB
cblr-9106	628	67	comprehensive	comprehensive	ADJ
cblr-9106	628	68	evidence	evidence	NOUN
cblr-9106	628	69	on	on	ADP
cblr-9106	628	70	which	which	PRON
cblr-9106	628	71	to	to	PART
cblr-9106	628	72	base	base	VERB
cblr-9106	628	73	intervention	intervention	NOUN
cblr-9106	628	74	and	and	CCONJ
cblr-9106	628	75	the	the	DET
cblr-9106	628	76	risk	risk	NOUN
cblr-9106	628	77	that	that	PRON
cblr-9106	628	78	regulatory	regulatory	ADJ
cblr-9106	628	79	intervention	intervention	NOUN
cblr-9106	628	80	may	may	AUX
cblr-9106	628	81	impose	impose	VERB
cblr-9106	628	82	costs	cost	NOUN
cblr-9106	628	83	on	on	ADP
cblr-9106	628	84	actors	actor	NOUN
cblr-9106	628	85	that	that	PRON
cblr-9106	628	86	are	be	AUX
cblr-9106	628	87	not	not	PART
cblr-9106	628	88	justified	justify	VERB
cblr-9106	628	89	by	by	ADP
cblr-9106	628	90	countervailing	countervail	VERB
cblr-9106	628	91	benefits	benefit	NOUN
cblr-9106	628	92	.	.	PUNCT
cblr-9106	629	1	b.	b.	PROPN
cblr-9106	629	2	subjective	subjective	ADJ
cblr-9106	629	3	and	and	CCONJ
cblr-9106	629	4	territorial	territorial	ADJ
cblr-9106	629	5	reach	reach	VERB
cblr-9106	629	6	one	one	NUM
cblr-9106	629	7	fundamental	fundamental	ADJ
cblr-9106	629	8	choice	choice	NOUN
cblr-9106	629	9	for	for	ADP
cblr-9106	629	10	policymakers	policymaker	NOUN
cblr-9106	629	11	in	in	ADP
cblr-9106	629	12	designing	design	VERB
cblr-9106	629	13	the	the	DET
cblr-9106	629	14	disclosure	disclosure	NOUN
cblr-9106	629	15	framework	framework	NOUN
cblr-9106	629	16	is	be	AUX
cblr-9106	629	17	which	which	PRON
cblr-9106	629	18	entities	entity	NOUN
cblr-9106	629	19	should	should	AUX
cblr-9106	629	20	be	be	AUX
cblr-9106	629	21	subject	subject	ADJ
cblr-9106	629	22	to	to	ADP
cblr-9106	629	23	it	it	PRON
cblr-9106	629	24	.	.	PUNCT
cblr-9106	630	1	for	for	ADP
cblr-9106	630	2	regular	regular	ADJ
cblr-9106	630	3	financial	financial	ADJ
cblr-9106	630	4	disclosures	disclosure	NOUN
cblr-9106	630	5	,	,	PUNCT
cblr-9106	630	6	which	which	PRON
cblr-9106	630	7	seek	seek	VERB
cblr-9106	630	8	to	to	PART
cblr-9106	630	9	promote	promote	VERB
cblr-9106	630	10	more	more	ADV
cblr-9106	630	11	accurate	accurate	ADJ
cblr-9106	630	12	pricing	pricing	NOUN
cblr-9106	630	13	in	in	ADP
cblr-9106	630	14	capital	capital	NOUN
cblr-9106	630	15	markets	market	NOUN
cblr-9106	630	16	,	,	PUNCT
cblr-9106	630	17	this	this	DET
cblr-9106	630	18	scope	scope	NOUN
cblr-9106	630	19	encompasses	encompass	VERB
cblr-9106	630	20	mainly	mainly	ADV
cblr-9106	630	21	publicly	publicly	ADV
cblr-9106	630	22	traded	trade	VERB
cblr-9106	630	23	firms	firm	NOUN
cblr-9106	630	24	,	,	PUNCT
cblr-9106	630	25	as	as	SCONJ
cblr-9106	630	26	private	private	ADJ
cblr-9106	630	27	firms	firm	NOUN
cblr-9106	630	28	’	'	PUNCT
cblr-9106	630	29	securities	security	NOUN
cblr-9106	630	30	are	be	AUX
cblr-9106	630	31	not	not	PART
cblr-9106	630	32	traded	trade	VERB
cblr-9106	630	33	in	in	ADP
cblr-9106	630	34	public	public	ADJ
cblr-9106	630	35	markets.196	markets.196	NOUN
cblr-9106	630	36	but	but	CCONJ
cblr-9106	630	37	for	for	ADP
cblr-9106	630	38	climate	climate	NOUN
cblr-9106	630	39	disclosures	disclosure	NOUN
cblr-9106	630	40	,	,	PUNCT
cblr-9106	630	41	the	the	DET
cblr-9106	630	42	specific	specific	ADJ
cblr-9106	630	43	policy	policy	NOUN
cblr-9106	630	44	goals	goal	NOUN
cblr-9106	630	45	and	and	CCONJ
cblr-9106	630	46	rationales	rationale	NOUN
cblr-9106	630	47	extend	extend	VERB
cblr-9106	630	48	beyond	beyond	ADP
cblr-9106	630	49	capital	capital	NOUN
cblr-9106	630	50	markets	market	NOUN
cblr-9106	630	51	,	,	PUNCT
cblr-9106	630	52	as	as	SCONJ
cblr-9106	630	53	we	we	PRON
cblr-9106	630	54	have	have	AUX
cblr-9106	630	55	discussed.197	discussed.197	NOUN
cblr-9106	630	56	moreover	moreover	ADV
cblr-9106	630	57	,	,	PUNCT
cblr-9106	630	58	if	if	SCONJ
cblr-9106	630	59	the	the	DET
cblr-9106	630	60	footprint	footprint	NOUN
cblr-9106	630	61	of	of	ADP
cblr-9106	630	62	climate	climate	NOUN
cblr-9106	630	63	disclosure	disclosure	NOUN
cblr-9106	630	64	obligations	obligation	NOUN
cblr-9106	630	65	were	be	AUX
cblr-9106	630	66	limited	limit	VERB
cblr-9106	630	67	only	only	ADV
cblr-9106	630	68	to	to	ADP
cblr-9106	630	69	public	public	ADJ
cblr-9106	630	70	firms	firm	NOUN
cblr-9106	630	71	,	,	PUNCT
cblr-9106	630	72	this	this	PRON
cblr-9106	630	73	would	would	AUX
cblr-9106	630	74	create	create	VERB
cblr-9106	630	75	an	an	DET
cblr-9106	630	76	incentive	incentive	NOUN
cblr-9106	630	77	for	for	SCONJ
cblr-9106	630	78	firms	firm	NOUN
cblr-9106	630	79	to	to	PART
cblr-9106	630	80	“	"	PUNCT
cblr-9106	630	81	go	go	VERB
cblr-9106	630	82	dark	dark	ADJ
cblr-9106	630	83	”	"	PUNCT
cblr-9106	630	84	by	by	ADP
cblr-9106	630	85	delisting	delist	VERB
cblr-9106	630	86	in	in	ADP
cblr-9106	630	87	order	order	NOUN
cblr-9106	630	88	to	to	PART
cblr-9106	630	89	avoid	avoid	VERB
cblr-9106	630	90	having	have	VERB
cblr-9106	630	91	to	to	PART
cblr-9106	630	92	make	make	VERB
cblr-9106	630	93	such	such	ADJ
cblr-9106	630	94	disclosure,198	disclosure,198	NOUN
cblr-9106	630	95	or	or	CCONJ
cblr-9106	630	96	for	for	ADP
cblr-9106	630	97	high	high	ADJ
cblr-9106	630	98	-	-	PUNCT
cblr-9106	630	99	emission	emission	NOUN
cblr-9106	630	100	activities	activity	NOUN
cblr-9106	630	101	to	to	PART
cblr-9106	630	102	switch	switch	VERB
cblr-9106	630	103	from	from	ADP
cblr-9106	630	104	listed	list	VERB
cblr-9106	630	105	to	to	ADP
cblr-9106	630	106	private	private	ADJ
cblr-9106	630	107	firms.199	firms.199	NOUN
cblr-9106	630	108	similar	similar	ADJ
cblr-9106	630	109	to	to	ADP
cblr-9106	630	110	the	the	DET
cblr-9106	630	111	scope	scope	NOUN
cblr-9106	630	112	of	of	ADP
cblr-9106	630	113	non	non	ADJ
cblr-9106	630	114	-	-	ADJ
cblr-9106	630	115	financial	financial	ADJ
cblr-9106	630	116	disclosures	disclosure	NOUN
cblr-9106	630	117	195	195	NUM
cblr-9106	630	118	see	see	NOUN
cblr-9106	630	119	generally	generally	ADV
cblr-9106	630	120	cass	cass	PROPN
cblr-9106	630	121	r.	r.	PROPN
cblr-9106	630	122	sunstein	sunstein	PROPN
cblr-9106	630	123	,	,	PUNCT
cblr-9106	630	124	the	the	DET
cblr-9106	630	125	regulatory	regulatory	ADJ
cblr-9106	630	126	lookback	lookback	NOUN
cblr-9106	630	127	,	,	PUNCT
cblr-9106	630	128	94	94	NUM
cblr-9106	630	129	b.u	b.u	PROPN
cblr-9106	630	130	.	.	PROPN
cblr-9106	630	131	l.	l.	PROPN
cblr-9106	630	132	rev	rev	PROPN
cblr-9106	630	133	.	.	PROPN
cblr-9106	631	1	579	579	NUM
cblr-9106	631	2	(	(	PUNCT
cblr-9106	631	3	2014	2014	NUM
cblr-9106	631	4	)	)	PUNCT
cblr-9106	631	5	.	.	PUNCT
cblr-9106	632	1	196	196	NUM
cblr-9106	632	2	see	see	VERB
cblr-9106	632	3	allison	allison	PROPN
cblr-9106	632	4	herren	herren	PROPN
cblr-9106	632	5	lee	lee	PROPN
cblr-9106	632	6	,	,	PUNCT
cblr-9106	632	7	comm’r	comm’r	ADP
cblr-9106	632	8	,	,	PUNCT
cblr-9106	632	9	u.s	u.s	PROPN
cblr-9106	632	10	.	.	PROPN
cblr-9106	632	11	sec	sec	PROPN
cblr-9106	632	12	&	&	CCONJ
cblr-9106	632	13	exch	exch	PROPN
cblr-9106	632	14	.	.	PUNCT
cblr-9106	633	1	comm’n	comm’n	NOUN
cblr-9106	633	2	,	,	PUNCT
cblr-9106	633	3	remarks	remark	NOUN
cblr-9106	633	4	at	at	ADP
cblr-9106	633	5	the	the	DET
cblr-9106	633	6	sec	sec	PROPN
cblr-9106	633	7	speaks	speak	VERB
cblr-9106	633	8	in	in	ADP
cblr-9106	633	9	2021	2021	NUM
cblr-9106	633	10	:	:	PUNCT
cblr-9106	633	11	going	go	VERB
cblr-9106	633	12	dark	dark	ADJ
cblr-9106	633	13	:	:	PUNCT
cblr-9106	633	14	the	the	DET
cblr-9106	633	15	growth	growth	NOUN
cblr-9106	633	16	of	of	ADP
cblr-9106	633	17	private	private	ADJ
cblr-9106	633	18	markets	market	NOUN
cblr-9106	633	19	and	and	CCONJ
cblr-9106	633	20	the	the	DET
cblr-9106	633	21	impact	impact	NOUN
cblr-9106	633	22	on	on	ADP
cblr-9106	633	23	investors	investor	NOUN
cblr-9106	633	24	and	and	CCONJ
cblr-9106	633	25	the	the	DET
cblr-9106	633	26	economy	economy	NOUN
cblr-9106	633	27	(	(	PUNCT
cblr-9106	633	28	oct	oct	PROPN
cblr-9106	633	29	.	.	PROPN
cblr-9106	633	30	12	12	NUM
cblr-9106	633	31	,	,	PUNCT
cblr-9106	633	32	2021	2021	NUM
cblr-9106	633	33	)	)	PUNCT
cblr-9106	633	34	(	(	PUNCT
cblr-9106	633	35	“	"	PUNCT
cblr-9106	633	36	[	[	X
cblr-9106	633	37	private	private	ADJ
cblr-9106	633	38	companies	company	NOUN
cblr-9106	633	39	]	]	PUNCT
cblr-9106	633	40	are	be	AUX
cblr-9106	633	41	not	not	PART
cblr-9106	633	42	required	require	VERB
cblr-9106	633	43	to	to	PART
cblr-9106	633	44	file	file	VERB
cblr-9106	633	45	periodic	periodic	ADJ
cblr-9106	633	46	reports	report	NOUN
cblr-9106	633	47	or	or	CCONJ
cblr-9106	633	48	make	make	VERB
cblr-9106	633	49	the	the	DET
cblr-9106	633	50	disclosures	disclosure	NOUN
cblr-9106	633	51	required	require	VERB
cblr-9106	633	52	in	in	ADP
cblr-9106	633	53	proxy	proxy	ADJ
cblr-9106	633	54	statements	statement	NOUN
cblr-9106	633	55	.	.	PUNCT
cblr-9106	634	1	they	they	PRON
cblr-9106	634	2	are	be	AUX
cblr-9106	634	3	not	not	PART
cblr-9106	634	4	even	even	ADV
cblr-9106	634	5	required	require	VERB
cblr-9106	634	6	to	to	PART
cblr-9106	634	7	obtain	obtain	VERB
cblr-9106	634	8	,	,	PUNCT
cblr-9106	634	9	much	much	ADV
cblr-9106	634	10	less	less	ADV
cblr-9106	634	11	distribute	distribute	ADJ
cblr-9106	634	12	,	,	PUNCT
cblr-9106	634	13	audited	audit	VERB
cblr-9106	634	14	financial	financial	ADJ
cblr-9106	634	15	statements	statement	NOUN
cblr-9106	634	16	.	.	PUNCT
cblr-9106	634	17	”	"	PUNCT
cblr-9106	634	18	)	)	PUNCT
cblr-9106	634	19	.	.	PUNCT
cblr-9106	635	1	197	197	NUM
cblr-9106	635	2	see	see	VERB
cblr-9106	635	3	supra	supra	PROPN
cblr-9106	635	4	sections	section	NOUN
cblr-9106	635	5	ii.c	ii.c	VERB
cblr-9106	635	6	,	,	PUNCT
cblr-9106	635	7	iii.c	iii.c	PROPN
cblr-9106	635	8	.	.	PUNCT
cblr-9106	635	9	198	198	NUM
cblr-9106	635	10	see	see	VERB
cblr-9106	635	11	paul	paul	PROPN
cblr-9106	635	12	g.	g.	PROPN
cblr-9106	635	13	mahoney	mahoney	PROPN
cblr-9106	635	14	&	&	CCONJ
cblr-9106	635	15	julia	julia	PROPN
cblr-9106	635	16	d.	d.	PROPN
cblr-9106	635	17	mahoney	mahoney	PROPN
cblr-9106	635	18	,	,	PUNCT
cblr-9106	635	19	the	the	DET
cblr-9106	635	20	new	new	ADJ
cblr-9106	635	21	separation	separation	NOUN
cblr-9106	635	22	of	of	ADP
cblr-9106	635	23	ownership	ownership	NOUN
cblr-9106	635	24	and	and	CCONJ
cblr-9106	635	25	control	control	NOUN
cblr-9106	635	26	:	:	PUNCT
cblr-9106	635	27	institutional	institutional	ADJ
cblr-9106	635	28	investors	investor	NOUN
cblr-9106	635	29	and	and	CCONJ
cblr-9106	635	30	esg	esg	PROPN
cblr-9106	635	31	,	,	PUNCT
cblr-9106	635	32	2021	2021	NUM
cblr-9106	635	33	colum	colum	NOUN
cblr-9106	635	34	.	.	PUNCT
cblr-9106	636	1	bus	bus	NOUN
cblr-9106	636	2	.	.	PUNCT
cblr-9106	637	1	l.	l.	PROPN
cblr-9106	637	2	rev	rev	PROPN
cblr-9106	637	3	.	.	PROPN
cblr-9106	637	4	841	841	NUM
cblr-9106	637	5	,	,	PUNCT
cblr-9106	637	6	873	873	NUM
cblr-9106	637	7	(	(	PUNCT
cblr-9106	637	8	2021	2021	NUM
cblr-9106	637	9	)	)	PUNCT
cblr-9106	637	10	.	.	PUNCT
cblr-9106	638	1	199	199	NUM
cblr-9106	638	2	cf	cf	NOUN
cblr-9106	638	3	.	.	PUNCT
cblr-9106	639	1	christensen	christensen	PROPN
cblr-9106	639	2	et	et	PROPN
cblr-9106	639	3	al	al	PROPN
cblr-9106	639	4	.	.	PROPN
cblr-9106	639	5	,	,	PUNCT
cblr-9106	639	6	mandatory	mandatory	ADJ
cblr-9106	639	7	csr	csr	X
cblr-9106	639	8	and	and	CCONJ
cblr-9106	639	9	sustainability	sustainability	NOUN
cblr-9106	639	10	reporting	reporting	NOUN
cblr-9106	639	11	,	,	PUNCT
cblr-9106	639	12	supra	supra	PROPN
cblr-9106	639	13	note	note	PROPN
cblr-9106	639	14	164	164	NUM
cblr-9106	639	15	,	,	PUNCT
cblr-9106	639	16	at	at	ADP
cblr-9106	639	17	1216	1216	NUM
cblr-9106	639	18	(	(	PUNCT
cblr-9106	639	19	noting	note	VERB
cblr-9106	639	20	that	that	SCONJ
cblr-9106	639	21	activities	activity	NOUN
cblr-9106	639	22	that	that	PRON
cblr-9106	639	23	are	be	AUX
cblr-9106	639	24	problematic	problematic	ADJ
cblr-9106	639	25	for	for	ADP
cblr-9106	639	26	risky	risky	ADJ
cblr-9106	639	27	from	from	ADP
cblr-9106	639	28	a	a	DET
cblr-9106	639	29	csr	csr	NOUN
cblr-9106	639	30	perspective	perspective	NOUN
cblr-9106	639	31	might	might	AUX
cblr-9106	639	32	shift	shift	VERB
cblr-9106	639	33	from	from	ADP
cblr-9106	639	34	sec	sec	PROPN
cblr-9106	639	35	1132	1132	NUM
cblr-9106	639	36	columbia	columbia	PROPN
cblr-9106	639	37	business	business	NOUN
cblr-9106	639	38	law	law	PROPN
cblr-9106	639	39	review	review	NOUN
cblr-9106	639	40	[	[	X
cblr-9106	639	41	vol	vol	NOUN
cblr-9106	639	42	.	.	NOUN
cblr-9106	639	43	2021	2021	NUM
cblr-9106	639	44	within	within	ADP
cblr-9106	639	45	the	the	DET
cblr-9106	639	46	european	european	PROPN
cblr-9106	639	47	union,200	union,200	PROPN
cblr-9106	639	48	and	and	CCONJ
cblr-9106	639	49	partly	partly	ADV
cblr-9106	639	50	in	in	ADP
cblr-9106	639	51	line	line	NOUN
cblr-9106	639	52	with	with	ADP
cblr-9106	639	53	the	the	DET
cblr-9106	639	54	traditional	traditional	ADJ
cblr-9106	639	55	approach	approach	NOUN
cblr-9106	639	56	in	in	ADP
cblr-9106	639	57	the	the	DET
cblr-9106	639	58	united	united	PROPN
cblr-9106	639	59	states	states	PROPN
cblr-9106	639	60	(	(	PUNCT
cblr-9106	639	61	where	where	SCONJ
cblr-9106	639	62	mandatory	mandatory	ADJ
cblr-9106	639	63	disclosure	disclosure	NOUN
cblr-9106	639	64	rules	rule	NOUN
cblr-9106	639	65	also	also	ADV
cblr-9106	639	66	apply	apply	VERB
cblr-9106	639	67	to	to	ADP
cblr-9106	639	68	large	large	ADJ
cblr-9106	639	69	companies	company	NOUN
cblr-9106	639	70	,	,	PUNCT
cblr-9106	639	71	albeit	albeit	SCONJ
cblr-9106	639	72	subject	subject	ADJ
cblr-9106	639	73	to	to	ADP
cblr-9106	639	74	their	their	PRON
cblr-9106	639	75	having	have	VERB
cblr-9106	639	76	a	a	DET
cblr-9106	639	77	high	high	ADJ
cblr-9106	639	78	number	number	NOUN
cblr-9106	639	79	of	of	ADP
cblr-9106	639	80	shareholders	shareholder	NOUN
cblr-9106	639	81	)	)	PUNCT
cblr-9106	639	82	,	,	PUNCT
cblr-9106	639	83	climaterelated	climaterelate	VERB
cblr-9106	639	84	disclosures	disclosure	NOUN
cblr-9106	639	85	should	should	AUX
cblr-9106	639	86	be	be	AUX
cblr-9106	639	87	imposed	impose	VERB
cblr-9106	639	88	on	on	ADP
cblr-9106	639	89	not	not	PART
cblr-9106	639	90	only	only	ADV
cblr-9106	639	91	listed	list	VERB
cblr-9106	639	92	but	but	CCONJ
cblr-9106	639	93	also	also	ADV
cblr-9106	639	94	non	non	ADJ
cblr-9106	639	95	-	-	ADJ
cblr-9106	639	96	listed	listed	ADJ
cblr-9106	639	97	entities	entity	NOUN
cblr-9106	639	98	that	that	PRON
cblr-9106	639	99	meet	meet	VERB
cblr-9106	639	100	relevant	relevant	ADJ
cblr-9106	639	101	size	size	NOUN
cblr-9106	639	102	thresholds.201	thresholds.201	NOUN
cblr-9106	639	103	size	size	NOUN
cblr-9106	639	104	thresholds	threshold	NOUN
cblr-9106	639	105	in	in	ADP
cblr-9106	639	106	disclosure	disclosure	NOUN
cblr-9106	639	107	obligations	obligation	NOUN
cblr-9106	639	108	are	be	AUX
cblr-9106	639	109	typically	typically	ADV
cblr-9106	639	110	proxied	proxie	VERB
cblr-9106	639	111	by	by	ADP
cblr-9106	639	112	asset	asset	NOUN
cblr-9106	639	113	values	value	NOUN
cblr-9106	639	114	,	,	PUNCT
cblr-9106	639	115	turnover	turnover	NOUN
cblr-9106	639	116	,	,	PUNCT
cblr-9106	639	117	or	or	CCONJ
cblr-9106	639	118	number	number	NOUN
cblr-9106	639	119	of	of	ADP
cblr-9106	639	120	employees.202	employees.202	NOUN
cblr-9106	639	121	these	these	DET
cblr-9106	639	122	parameters	parameter	NOUN
cblr-9106	639	123	are	be	AUX
cblr-9106	639	124	likely	likely	ADJ
cblr-9106	639	125	only	only	ADV
cblr-9106	639	126	loosely	loosely	ADV
cblr-9106	639	127	correlated	correlate	VERB
cblr-9106	639	128	with	with	ADP
cblr-9106	639	129	a	a	DET
cblr-9106	639	130	firm	firm	NOUN
cblr-9106	639	131	’s	’s	PART
cblr-9106	639	132	impact	impact	NOUN
cblr-9106	639	133	on	on	ADP
cblr-9106	639	134	climate	climate	NOUN
cblr-9106	639	135	.	.	PUNCT
cblr-9106	640	1	a	a	DET
cblr-9106	640	2	closer	close	ADJ
cblr-9106	640	3	match	match	NOUN
cblr-9106	640	4	to	to	ADP
cblr-9106	640	5	that	that	DET
cblr-9106	640	6	impact	impact	NOUN
cblr-9106	640	7	might	might	AUX
cblr-9106	640	8	be	be	AUX
cblr-9106	640	9	achieved	achieve	VERB
cblr-9106	640	10	if	if	SCONJ
cblr-9106	640	11	emissions	emission	NOUN
cblr-9106	640	12	themselves	themselves	PRON
cblr-9106	640	13	were	be	AUX
cblr-9106	640	14	used	use	VERB
cblr-9106	640	15	to	to	PART
cblr-9106	640	16	set	set	VERB
cblr-9106	640	17	the	the	DET
cblr-9106	640	18	thresholds	threshold	NOUN
cblr-9106	640	19	.	.	PUNCT
cblr-9106	641	1	this	this	PRON
cblr-9106	641	2	in	in	ADP
cblr-9106	641	3	turn	turn	NOUN
cblr-9106	641	4	implies	imply	VERB
cblr-9106	641	5	that	that	SCONJ
cblr-9106	641	6	not	not	PART
cblr-9106	641	7	all	all	DET
cblr-9106	641	8	public	public	ADJ
cblr-9106	641	9	companies	company	NOUN
cblr-9106	641	10	should	should	AUX
cblr-9106	641	11	necessarily	necessarily	ADV
cblr-9106	641	12	be	be	AUX
cblr-9106	641	13	required	require	VERB
cblr-9106	641	14	to	to	PART
cblr-9106	641	15	disclose	disclose	VERB
cblr-9106	641	16	,	,	PUNCT
cblr-9106	641	17	if	if	SCONJ
cblr-9106	641	18	they	they	PRON
cblr-9106	641	19	fall	fall	VERB
cblr-9106	641	20	below	below	ADP
cblr-9106	641	21	the	the	DET
cblr-9106	641	22	relevant	relevant	ADJ
cblr-9106	641	23	size	size	NOUN
cblr-9106	641	24	test.203	test.203	PROPN
cblr-9106	641	25	policymakers	policymaker	NOUN
cblr-9106	641	26	should	should	AUX
cblr-9106	641	27	also	also	ADV
cblr-9106	641	28	consider	consider	VERB
cblr-9106	641	29	the	the	DET
cblr-9106	641	30	territorial	territorial	ADJ
cblr-9106	641	31	reach	reach	NOUN
cblr-9106	641	32	of	of	ADP
cblr-9106	641	33	their	their	PRON
cblr-9106	641	34	rules	rule	NOUN
cblr-9106	641	35	,	,	PUNCT
cblr-9106	641	36	as	as	SCONJ
cblr-9106	641	37	emissions	emission	NOUN
cblr-9106	641	38	do	do	AUX
cblr-9106	641	39	not	not	PART
cblr-9106	641	40	respect	respect	VERB
cblr-9106	641	41	borders	border	NOUN
cblr-9106	641	42	.	.	PUNCT
cblr-9106	642	1	domestic	domestic	ADJ
cblr-9106	642	2	firms	firm	NOUN
cblr-9106	642	3	subject	subject	ADJ
cblr-9106	642	4	to	to	ADP
cblr-9106	642	5	climate	climate	NOUN
cblr-9106	642	6	reporting	reporting	NOUN
cblr-9106	642	7	requirements	requirement	NOUN
cblr-9106	642	8	should	should	AUX
cblr-9106	642	9	be	be	AUX
cblr-9106	642	10	expected	expect	VERB
cblr-9106	642	11	to	to	PART
cblr-9106	642	12	consolidate	consolidate	VERB
cblr-9106	642	13	their	their	PRON
cblr-9106	642	14	global	global	ADJ
cblr-9106	642	15	climate	climate	NOUN
cblr-9106	642	16	risks	risk	NOUN
cblr-9106	642	17	,	,	PUNCT
cblr-9106	642	18	to	to	PART
cblr-9106	642	19	avoid	avoid	VERB
cblr-9106	642	20	asset	asset	NOUN
cblr-9106	642	21	reallocation	reallocation	NOUN
cblr-9106	642	22	abroad	abroad	ADV
cblr-9106	642	23	being	be	AUX
cblr-9106	642	24	used	use	VERB
cblr-9106	642	25	to	to	PART
cblr-9106	642	26	evade	evade	VERB
cblr-9106	642	27	disclosure	disclosure	NOUN
cblr-9106	642	28	.	.	PUNCT
cblr-9106	643	1	however	however	ADV
cblr-9106	643	2	,	,	PUNCT
cblr-9106	643	3	a	a	DET
cblr-9106	643	4	functionally	functionally	ADV
cblr-9106	643	5	equivalent	equivalent	ADJ
cblr-9106	643	6	result	result	NOUN
cblr-9106	643	7	might	might	AUX
cblr-9106	643	8	still	still	ADV
cblr-9106	643	9	be	be	AUX
cblr-9106	643	10	achieved	achieve	VERB
cblr-9106	643	11	by	by	ADP
cblr-9106	643	12	firms	firm	NOUN
cblr-9106	643	13	that	that	PRON
cblr-9106	643	14	move	move	VERB
cblr-9106	643	15	their	their	PRON
cblr-9106	643	16	registered	register	VERB
cblr-9106	643	17	office	office	NOUN
cblr-9106	643	18	or	or	CCONJ
cblr-9106	643	19	headquarters	headquarters	NOUN
cblr-9106	643	20	to	to	ADP
cblr-9106	643	21	another	another	DET
cblr-9106	643	22	country	country	NOUN
cblr-9106	643	23	.	.	PUNCT
cblr-9106	644	1	consequently	consequently	ADV
cblr-9106	644	2	,	,	PUNCT
cblr-9106	644	3	policymakers	policymaker	NOUN
cblr-9106	644	4	should	should	AUX
cblr-9106	644	5	consider	consider	VERB
cblr-9106	644	6	applying	apply	VERB
cblr-9106	644	7	domestic	domestic	ADJ
cblr-9106	644	8	climate	climate	NOUN
cblr-9106	644	9	disclosure	disclosure	NOUN
cblr-9106	644	10	rules	rule	NOUN
cblr-9106	644	11	to	to	ADP
cblr-9106	644	12	all	all	DET
cblr-9106	644	13	firms	firm	NOUN
cblr-9106	644	14	that	that	PRON
cblr-9106	644	15	do	do	VERB
cblr-9106	644	16	business	business	NOUN
cblr-9106	644	17	there	there	ADV
cblr-9106	644	18	,	,	PUNCT
cblr-9106	644	19	regardless	regardless	ADV
cblr-9106	644	20	of	of	ADP
cblr-9106	644	21	where	where	SCONJ
cblr-9106	644	22	they	they	PRON
cblr-9106	644	23	are	be	AUX
cblr-9106	644	24	headquartered	headquarter	VERB
cblr-9106	644	25	or	or	CCONJ
cblr-9106	644	26	incorporated	incorporate	VERB
cblr-9106	644	27	.	.	PUNCT
cblr-9106	645	1	like	like	ADP
cblr-9106	645	2	certain	certain	ADJ
cblr-9106	645	3	financial	financial	ADJ
cblr-9106	645	4	market	market	NOUN
cblr-9106	645	5	registered	register	VERB
cblr-9106	645	6	firms	firm	NOUN
cblr-9106	645	7	to	to	PART
cblr-9106	645	8	unregulated	unregulated	ADJ
cblr-9106	645	9	(	(	PUNCT
cblr-9106	645	10	private	private	ADJ
cblr-9106	645	11	)	)	PUNCT
cblr-9106	645	12	firms	firm	NOUN
cblr-9106	645	13	to	to	PART
cblr-9106	645	14	avoid	avoid	VERB
cblr-9106	645	15	the	the	DET
cblr-9106	645	16	application	application	NOUN
cblr-9106	645	17	of	of	ADP
cblr-9106	645	18	mandatory	mandatory	ADJ
cblr-9106	645	19	csr	csr	NOUN
cblr-9106	645	20	standards	standard	NOUN
cblr-9106	645	21	)	)	PUNCT
cblr-9106	645	22	.	.	PUNCT
cblr-9106	646	1	200	200	NUM
cblr-9106	646	2	see	see	VERB
cblr-9106	646	3	directive	directive	NOUN
cblr-9106	646	4	2014/95	2014/95	NUM
cblr-9106	646	5	/	/	SYM
cblr-9106	646	6	eu	eu	PROPN
cblr-9106	646	7	,	,	PUNCT
cblr-9106	646	8	of	of	ADP
cblr-9106	646	9	the	the	DET
cblr-9106	646	10	european	european	ADJ
cblr-9106	646	11	parliament	parliament	NOUN
cblr-9106	646	12	and	and	CCONJ
cblr-9106	646	13	of	of	ADP
cblr-9106	646	14	the	the	DET
cblr-9106	646	15	council	council	NOUN
cblr-9106	646	16	of	of	ADP
cblr-9106	646	17	22	22	NUM
cblr-9106	646	18	october	october	PROPN
cblr-9106	646	19	2014	2014	NUM
cblr-9106	646	20	amending	amend	VERB
cblr-9106	646	21	directive	directive	NOUN
cblr-9106	646	22	2013/34	2013/34	NUM
cblr-9106	646	23	/	/	SYM
cblr-9106	646	24	eu	eu	PROPN
cblr-9106	646	25	,	,	PUNCT
cblr-9106	646	26	2014	2014	NUM
cblr-9106	646	27	o.j	o.j	PROPN
cblr-9106	646	28	.	.	PROPN
cblr-9106	646	29	(	(	PUNCT
cblr-9106	646	30	l330	l330	PROPN
cblr-9106	646	31	)	)	PUNCT
cblr-9106	646	32	1	1	NUM
cblr-9106	646	33	,	,	PUNCT
cblr-9106	646	34	4–5	4–5	X
cblr-9106	646	35	.	.	NOUN
cblr-9106	646	36	201	201	NUM
cblr-9106	646	37	size	size	NOUN
cblr-9106	646	38	thresholds	threshold	NOUN
cblr-9106	646	39	can	can	AUX
cblr-9106	646	40	in	in	ADP
cblr-9106	646	41	this	this	DET
cblr-9106	646	42	context	context	NOUN
cblr-9106	646	43	be	be	AUX
cblr-9106	646	44	understood	understand	VERB
cblr-9106	646	45	as	as	ADP
cblr-9106	646	46	a	a	DET
cblr-9106	646	47	proxy	proxy	NOUN
cblr-9106	646	48	for	for	ADP
cblr-9106	646	49	the	the	DET
cblr-9106	646	50	aggregate	aggregate	ADJ
cblr-9106	646	51	level	level	NOUN
cblr-9106	646	52	of	of	ADP
cblr-9106	646	53	economic	economic	ADJ
cblr-9106	646	54	activity	activity	NOUN
cblr-9106	646	55	being	be	AUX
cblr-9106	646	56	undertaken	undertake	VERB
cblr-9106	646	57	in	in	ADP
cblr-9106	646	58	the	the	DET
cblr-9106	646	59	firm	firm	NOUN
cblr-9106	646	60	.	.	PUNCT
cblr-9106	647	1	to	to	PART
cblr-9106	647	2	be	be	AUX
cblr-9106	647	3	sure	sure	ADJ
cblr-9106	647	4	,	,	PUNCT
cblr-9106	647	5	smaller	small	ADJ
cblr-9106	647	6	firms	firm	NOUN
cblr-9106	647	7	also	also	ADV
cblr-9106	647	8	face	face	VERB
cblr-9106	647	9	climate	climate	NOUN
cblr-9106	647	10	risks	risk	NOUN
cblr-9106	647	11	.	.	PUNCT
cblr-9106	648	1	the	the	DET
cblr-9106	648	2	justification	justification	NOUN
cblr-9106	648	3	for	for	ADP
cblr-9106	648	4	exempting	exempt	VERB
cblr-9106	648	5	them	they	PRON
cblr-9106	648	6	would	would	AUX
cblr-9106	648	7	be	be	AUX
cblr-9106	648	8	that	that	SCONJ
cblr-9106	648	9	the	the	DET
cblr-9106	648	10	costs	cost	NOUN
cblr-9106	648	11	of	of	ADP
cblr-9106	648	12	disclosure	disclosure	NOUN
cblr-9106	648	13	are	be	AUX
cblr-9106	648	14	disproportionately	disproportionately	ADV
cblr-9106	648	15	high	high	ADJ
cblr-9106	648	16	for	for	ADP
cblr-9106	648	17	smaller	small	ADJ
cblr-9106	648	18	firms	firm	NOUN
cblr-9106	648	19	.	.	PUNCT
cblr-9106	649	1	202	202	NUM
cblr-9106	649	2	see	see	VERB
cblr-9106	649	3	,	,	PUNCT
cblr-9106	649	4	e.g.	e.g.	ADV
cblr-9106	649	5	,	,	PUNCT
cblr-9106	649	6	15	15	NUM
cblr-9106	649	7	u.s.c	u.s.c	NOUN
cblr-9106	649	8	.	.	PUNCT
cblr-9106	650	1	§	§	PROPN
cblr-9106	650	2	78l(g	78l(g	NUM
cblr-9106	650	3	)	)	PUNCT
cblr-9106	650	4	(	(	PUNCT
cblr-9106	650	5	2018	2018	NUM
cblr-9106	650	6	)	)	PUNCT
cblr-9106	650	7	(	(	PUNCT
cblr-9106	650	8	mandating	mandate	VERB
cblr-9106	650	9	disclosure	disclosure	NOUN
cblr-9106	650	10	based	base	VERB
cblr-9106	650	11	on	on	ADP
cblr-9106	650	12	asset	asset	NOUN
cblr-9106	650	13	value	value	NOUN
cblr-9106	650	14	and	and	CCONJ
cblr-9106	650	15	number	number	NOUN
cblr-9106	650	16	of	of	ADP
cblr-9106	650	17	shareholders	shareholder	NOUN
cblr-9106	650	18	)	)	PUNCT
cblr-9106	650	19	.	.	PUNCT
cblr-9106	651	1	203	203	NUM
cblr-9106	651	2	the	the	DET
cblr-9106	651	3	burdens	burden	NOUN
cblr-9106	651	4	on	on	ADP
cblr-9106	651	5	smaller	small	ADJ
cblr-9106	651	6	listed	list	VERB
cblr-9106	651	7	companies	company	NOUN
cblr-9106	651	8	could	could	AUX
cblr-9106	651	9	be	be	AUX
cblr-9106	651	10	excessive	excessive	ADJ
cblr-9106	651	11	whenever	whenever	SCONJ
cblr-9106	651	12	their	their	PRON
cblr-9106	651	13	impact	impact	NOUN
cblr-9106	651	14	on	on	ADP
cblr-9106	651	15	climate	climate	NOUN
cblr-9106	651	16	change	change	NOUN
cblr-9106	651	17	via	via	ADP
cblr-9106	651	18	emissions	emission	NOUN
cblr-9106	651	19	is	be	AUX
cblr-9106	651	20	limited	limit	VERB
cblr-9106	651	21	.	.	PUNCT
cblr-9106	652	1	see	see	VERB
cblr-9106	652	2	eur	eur	PROPN
cblr-9106	652	3	.	.	PUNCT
cblr-9106	653	1	fin	fin	NOUN
cblr-9106	653	2	.	.	PUNCT
cblr-9106	654	1	reporting	report	VERB
cblr-9106	654	2	advisory	advisory	ADJ
cblr-9106	654	3	grp	grp	PROPN
cblr-9106	654	4	.	.	PROPN
cblr-9106	654	5	,	,	PUNCT
cblr-9106	654	6	supra	supra	PROPN
cblr-9106	654	7	note	note	PROPN
cblr-9106	654	8	179	179	NUM
cblr-9106	654	9	,	,	PUNCT
cblr-9106	654	10	at	at	ADP
cblr-9106	654	11	53–54	53–54	NUM
cblr-9106	654	12	.	.	PUNCT
cblr-9106	655	1	no	no	INTJ
cblr-9106	655	2	.	.	NOUN
cblr-9106	656	1	3:1085	3:1085	NUM
cblr-9106	656	2	]	]	X
cblr-9106	656	3	mandatory	mandatory	ADJ
cblr-9106	656	4	corporate	corporate	ADJ
cblr-9106	656	5	climate	climate	NOUN
cblr-9106	656	6	disclosures	disclosure	NOUN
cblr-9106	656	7	1133	1133	NUM
cblr-9106	656	8	rules	rule	NOUN
cblr-9106	656	9	with	with	ADP
cblr-9106	656	10	an	an	DET
cblr-9106	656	11	extraterritorial	extraterritorial	ADJ
cblr-9106	656	12	reach,204	reach,204	NOUN
cblr-9106	656	13	a	a	DET
cblr-9106	656	14	mechanism	mechanism	NOUN
cblr-9106	656	15	of	of	ADP
cblr-9106	656	16	“	"	PUNCT
cblr-9106	656	17	substituted	substitute	VERB
cblr-9106	656	18	compliance	compliance	NOUN
cblr-9106	656	19	”	"	PUNCT
cblr-9106	656	20	should	should	AUX
cblr-9106	656	21	be	be	AUX
cblr-9106	656	22	available	available	ADJ
cblr-9106	656	23	to	to	PART
cblr-9106	656	24	avoid	avoid	VERB
cblr-9106	656	25	unnecessary	unnecessary	ADJ
cblr-9106	656	26	duplication	duplication	NOUN
cblr-9106	656	27	.	.	PUNCT
cblr-9106	657	1	c.	c.	PROPN
cblr-9106	657	2	going	go	VERB
cblr-9106	657	3	beyond	beyond	ADP
cblr-9106	657	4	the	the	DET
cblr-9106	657	5	task	task	NOUN
cblr-9106	657	6	force	force	NOUN
cblr-9106	657	7	on	on	ADP
cblr-9106	657	8	climate	climate	NOUN
cblr-9106	657	9	-	-	PUNCT
cblr-9106	657	10	related	relate	VERB
cblr-9106	657	11	disclosure	disclosure	NOUN
cblr-9106	657	12	recommendations	recommendation	NOUN
cblr-9106	657	13	we	we	PRON
cblr-9106	657	14	now	now	ADV
cblr-9106	657	15	move	move	VERB
cblr-9106	657	16	on	on	ADP
cblr-9106	657	17	to	to	PART
cblr-9106	657	18	identify	identify	VERB
cblr-9106	657	19	some	some	DET
cblr-9106	657	20	areas	area	NOUN
cblr-9106	657	21	where	where	SCONJ
cblr-9106	657	22	,	,	PUNCT
cblr-9106	657	23	based	base	VERB
cblr-9106	657	24	on	on	ADP
cblr-9106	657	25	the	the	DET
cblr-9106	657	26	functions	function	NOUN
cblr-9106	657	27	and	and	CCONJ
cblr-9106	657	28	rationales	rationale	NOUN
cblr-9106	657	29	of	of	ADP
cblr-9106	657	30	climate	climate	NOUN
cblr-9106	657	31	-	-	PUNCT
cblr-9106	657	32	related	relate	VERB
cblr-9106	657	33	disclosures	disclosure	NOUN
cblr-9106	657	34	identified	identify	VERB
cblr-9106	657	35	in	in	ADP
cblr-9106	657	36	parts	part	NOUN
cblr-9106	657	37	ii	ii	PROPN
cblr-9106	657	38	and	and	CCONJ
cblr-9106	657	39	iii	iii	NOUN
cblr-9106	657	40	,	,	PUNCT
cblr-9106	657	41	there	there	PRON
cblr-9106	657	42	appears	appear	VERB
cblr-9106	657	43	to	to	PART
cblr-9106	657	44	be	be	AUX
cblr-9106	657	45	a	a	DET
cblr-9106	657	46	case	case	NOUN
cblr-9106	657	47	for	for	ADP
cblr-9106	657	48	disclosure	disclosure	NOUN
cblr-9106	657	49	mandates	mandate	NOUN
cblr-9106	657	50	that	that	PRON
cblr-9106	657	51	go	go	VERB
cblr-9106	657	52	beyond	beyond	ADP
cblr-9106	657	53	the	the	DET
cblr-9106	657	54	tcfd	tcfd	NOUN
cblr-9106	657	55	recommendations	recommendation	NOUN
cblr-9106	657	56	.	.	PUNCT
cblr-9106	658	1	1	1	X
cblr-9106	658	2	.	.	X
cblr-9106	658	3	raw	raw	ADJ
cblr-9106	658	4	asset	asset	NOUN
cblr-9106	658	5	-	-	PUNCT
cblr-9106	658	6	level	level	NOUN
cblr-9106	658	7	data	datum	NOUN
cblr-9106	658	8	one	one	NUM
cblr-9106	658	9	first	first	ADJ
cblr-9106	658	10	disclosure	disclosure	NOUN
cblr-9106	658	11	item	item	NOUN
cblr-9106	658	12	,	,	PUNCT
cblr-9106	658	13	which	which	PRON
cblr-9106	658	14	appears	appear	VERB
cblr-9106	658	15	to	to	PART
cblr-9106	658	16	be	be	AUX
cblr-9106	658	17	critical	critical	ADJ
cblr-9106	658	18	to	to	PART
cblr-9106	658	19	assess	assess	VERB
cblr-9106	658	20	physical	physical	ADJ
cblr-9106	658	21	risks	risk	NOUN
cblr-9106	658	22	and	and	CCONJ
cblr-9106	658	23	on	on	ADP
cblr-9106	658	24	which	which	PRON
cblr-9106	658	25	tcfd	tcfd	NOUN
cblr-9106	658	26	recommendations	recommendation	NOUN
cblr-9106	658	27	are	be	AUX
cblr-9106	658	28	insufficiently	insufficiently	ADV
cblr-9106	658	29	prescriptive	prescriptive	ADJ
cblr-9106	658	30	,	,	PUNCT
cblr-9106	658	31	is	be	AUX
cblr-9106	658	32	asset	asset	NOUN
cblr-9106	658	33	ownership.205	ownership.205	NUM
cblr-9106	658	34	ownership	ownership	NOUN
cblr-9106	658	35	is	be	AUX
cblr-9106	658	36	neither	neither	CCONJ
cblr-9106	658	37	physically	physically	ADV
cblr-9106	658	38	observable	observable	ADJ
cblr-9106	658	39	nor	nor	CCONJ
cblr-9106	658	40	,	,	PUNCT
cblr-9106	658	41	even	even	ADV
cblr-9106	658	42	where	where	SCONJ
cblr-9106	658	43	publicly	publicly	ADV
cblr-9106	658	44	available	available	ADJ
cblr-9106	658	45	in	in	ADP
cblr-9106	658	46	theory	theory	NOUN
cblr-9106	658	47	,	,	PUNCT
cblr-9106	658	48	practically	practically	ADV
cblr-9106	658	49	accessible	accessible	ADJ
cblr-9106	658	50	,	,	PUNCT
cblr-9106	658	51	because	because	SCONJ
cblr-9106	658	52	formal	formal	ADJ
cblr-9106	658	53	ownership	ownership	NOUN
cblr-9106	658	54	is	be	AUX
cblr-9106	658	55	often	often	ADV
cblr-9106	658	56	registered	register	VERB
cblr-9106	658	57	to	to	ADP
cblr-9106	658	58	subsidiaries	subsidiary	NOUN
cblr-9106	658	59	and	and	CCONJ
cblr-9106	658	60	therefore	therefore	ADV
cblr-9106	658	61	hard	hard	ADV
cblr-9106	658	62	to	to	PART
cblr-9106	658	63	attribute	attribute	VERB
cblr-9106	658	64	to	to	ADP
cblr-9106	658	65	an	an	DET
cblr-9106	658	66	individual	individual	ADJ
cblr-9106	658	67	issuer	issuer	NOUN
cblr-9106	658	68	.	.	PUNCT
cblr-9106	659	1	making	make	VERB
cblr-9106	659	2	data	datum	NOUN
cblr-9106	659	3	on	on	ADP
cblr-9106	659	4	ownership	ownership	NOUN
cblr-9106	659	5	publicly	publicly	ADV
cblr-9106	659	6	available	available	ADJ
cblr-9106	659	7	via	via	ADP
cblr-9106	659	8	firms	firm	NOUN
cblr-9106	659	9	’	'	PUNCT
cblr-9106	659	10	disclosures	disclosure	NOUN
cblr-9106	659	11	would	would	AUX
cblr-9106	659	12	allow	allow	VERB
cblr-9106	659	13	market	market	NOUN
cblr-9106	659	14	participants	participant	NOUN
cblr-9106	659	15	,	,	PUNCT
cblr-9106	659	16	and	and	CCONJ
cblr-9106	659	17	possibly	possibly	ADV
cblr-9106	659	18	specialized	specialized	ADJ
cblr-9106	659	19	information	information	NOUN
cblr-9106	659	20	intermediaries,206	intermediaries,206	PROPN
cblr-9106	659	21	to	to	PART
cblr-9106	659	22	combine	combine	VERB
cblr-9106	659	23	it	it	PRON
cblr-9106	659	24	with	with	ADP
cblr-9106	659	25	geospatial	geospatial	PROPN
cblr-9106	659	26	204	204	NUM
cblr-9106	659	27	see	see	NOUN
cblr-9106	659	28	,	,	PUNCT
cblr-9106	659	29	e.g.	e.g.	ADV
cblr-9106	659	30	,	,	PUNCT
cblr-9106	659	31	alexey	alexey	PROPN
cblr-9106	659	32	artamonov	artamonov	PROPN
cblr-9106	659	33	,	,	PUNCT
cblr-9106	659	34	cross	cross	ADJ
cblr-9106	659	35	-	-	ADJ
cblr-9106	659	36	border	border	ADJ
cblr-9106	659	37	application	application	NOUN
cblr-9106	659	38	of	of	ADP
cblr-9106	659	39	otc	otc	PROPN
cblr-9106	659	40	derivatives	derivative	NOUN
cblr-9106	659	41	rules	rule	NOUN
cblr-9106	659	42	:	:	PUNCT
cblr-9106	659	43	revisiting	revisit	VERB
cblr-9106	659	44	the	the	DET
cblr-9106	659	45	substituted	substitute	VERB
cblr-9106	659	46	compliance	compliance	NOUN
cblr-9106	659	47	approach	approach	NOUN
cblr-9106	659	48	,	,	PUNCT
cblr-9106	659	49	1	1	NUM
cblr-9106	659	50	j.	j.	PROPN
cblr-9106	659	51	fin	fin	PROPN
cblr-9106	659	52	.	.	PUNCT
cblr-9106	660	1	reg	reg	PROPN
cblr-9106	660	2	.	.	PUNCT
cblr-9106	661	1	206	206	NUM
cblr-9106	661	2	,	,	PUNCT
cblr-9106	661	3	207–12	207–12	NUM
cblr-9106	661	4	(	(	PUNCT
cblr-9106	661	5	2015	2015	NUM
cblr-9106	661	6	)	)	PUNCT
cblr-9106	661	7	(	(	PUNCT
cblr-9106	661	8	describing	describe	VERB
cblr-9106	661	9	the	the	DET
cblr-9106	661	10	extraterritorial	extraterritorial	ADJ
cblr-9106	661	11	reach	reach	NOUN
cblr-9106	661	12	of	of	ADP
cblr-9106	661	13	the	the	DET
cblr-9106	661	14	over	over	ADP
cblr-9106	661	15	-	-	PUNCT
cblr-9106	661	16	the	the	DET
cblr-9106	661	17	-	-	PUNCT
cblr-9106	661	18	counter	counter	NOUN
cblr-9106	661	19	derivatives	derivative	NOUN
cblr-9106	661	20	provisions	provision	NOUN
cblr-9106	661	21	in	in	ADP
cblr-9106	661	22	the	the	DET
cblr-9106	661	23	dodd	dodd	PROPN
cblr-9106	661	24	-	-	PUNCT
cblr-9106	661	25	frank	frank	PROPN
cblr-9106	661	26	act	act	NOUN
cblr-9106	661	27	and	and	CCONJ
cblr-9106	661	28	the	the	DET
cblr-9106	661	29	mechanism	mechanism	NOUN
cblr-9106	661	30	of	of	ADP
cblr-9106	661	31	substitute	substitute	NOUN
cblr-9106	661	32	compliance	compliance	NOUN
cblr-9106	661	33	)	)	PUNCT
cblr-9106	661	34	.	.	PUNCT
cblr-9106	662	1	205	205	NUM
cblr-9106	662	2	see	see	VERB
cblr-9106	662	3	,	,	PUNCT
cblr-9106	662	4	e.g.	e.g.	ADV
cblr-9106	662	5	,	,	PUNCT
cblr-9106	662	6	task	task	NOUN
cblr-9106	662	7	force	force	NOUN
cblr-9106	662	8	on	on	ADP
cblr-9106	662	9	climate	climate	NOUN
cblr-9106	662	10	-	-	PUNCT
cblr-9106	662	11	related	relate	VERB
cblr-9106	662	12	fin	fin	NOUN
cblr-9106	662	13	.	.	PUNCT
cblr-9106	663	1	disclosures	disclosure	NOUN
cblr-9106	663	2	,	,	PUNCT
cblr-9106	663	3	final	final	ADJ
cblr-9106	663	4	report	report	NOUN
cblr-9106	663	5	:	:	PUNCT
cblr-9106	663	6	recommendations	recommendation	NOUN
cblr-9106	663	7	of	of	ADP
cblr-9106	663	8	the	the	DET
cblr-9106	663	9	task	task	NOUN
cblr-9106	663	10	force	force	NOUN
cblr-9106	663	11	on	on	ADP
cblr-9106	663	12	climate	climate	NOUN
cblr-9106	663	13	-	-	PUNCT
cblr-9106	663	14	related	relate	VERB
cblr-9106	663	15	financial	financial	ADJ
cblr-9106	663	16	disclosures	disclosure	NOUN
cblr-9106	663	17	9	9	NUM
cblr-9106	663	18	fig.2	fig.2	NOUN
cblr-9106	663	19	(	(	PUNCT
cblr-9106	663	20	2017	2017	NUM
cblr-9106	663	21	)	)	PUNCT
cblr-9106	663	22	,	,	PUNCT
cblr-9106	663	23	https://assets.bbhub.io/company/sites/60/2020/10/final-2017-tcfdreport-11052018.pdf	https://assets.bbhub.io/company/sites/60/2020/10/final-2017-tcfdreport-11052018.pdf	PROPN
cblr-9106	664	1	[	[	X
cblr-9106	664	2	https://perma.cc/qnh8-7rtl	https://perma.cc/qnh8-7rtl	X
cblr-9106	664	3	]	]	X
cblr-9106	664	4	(	(	PUNCT
cblr-9106	664	5	recognizing	recognize	VERB
cblr-9106	664	6	that	that	SCONJ
cblr-9106	664	7	assets	asset	NOUN
cblr-9106	664	8	“	"	PUNCT
cblr-9106	664	9	may	may	AUX
cblr-9106	664	10	be	be	AUX
cblr-9106	664	11	particularly	particularly	ADV
cblr-9106	664	12	affected	affect	VERB
cblr-9106	664	13	by	by	ADP
cblr-9106	664	14	climate	climate	NOUN
cblr-9106	664	15	related	relate	VERB
cblr-9106	664	16	issues	issue	NOUN
cblr-9106	664	17	”	"	PUNCT
cblr-9106	664	18	but	but	CCONJ
cblr-9106	664	19	only	only	ADV
cblr-9106	664	20	recommending	recommend	VERB
cblr-9106	664	21	that	that	SCONJ
cblr-9106	664	22	firms	firm	NOUN
cblr-9106	664	23	“	"	PUNCT
cblr-9106	664	24	provide	provide	VERB
cblr-9106	664	25	an	an	DET
cblr-9106	664	26	indication	indication	NOUN
cblr-9106	664	27	of	of	ADP
cblr-9106	664	28	the	the	DET
cblr-9106	664	29	potential	potential	ADJ
cblr-9106	664	30	climaterelated	climaterelate	VERB
cblr-9106	664	31	impact	impact	NOUN
cblr-9106	664	32	on	on	ADP
cblr-9106	664	33	their	their	PRON
cblr-9106	664	34	assets	asset	NOUN
cblr-9106	664	35	and	and	CCONJ
cblr-9106	664	36	liabilities	liability	NOUN
cblr-9106	664	37	,	,	PUNCT
cblr-9106	664	38	particularly	particularly	ADV
cblr-9106	664	39	long	long	ADV
cblr-9106	664	40	-	-	PUNCT
cblr-9106	664	41	lived	live	VERB
cblr-9106	664	42	assets	asset	NOUN
cblr-9106	664	43	.	.	PUNCT
cblr-9106	664	44	”	"	PUNCT
cblr-9106	664	45	)	)	PUNCT
cblr-9106	664	46	.	.	PUNCT
cblr-9106	665	1	206	206	NUM
cblr-9106	665	2	see	see	VERB
cblr-9106	665	3	,	,	PUNCT
cblr-9106	665	4	e.g.	e.g.	ADV
cblr-9106	665	5	,	,	PUNCT
cblr-9106	665	6	about	about	ADP
cblr-9106	665	7	oxeo	oxeo	NOUN
cblr-9106	665	8	,	,	PUNCT
cblr-9106	665	9	oxford	oxford	ADJ
cblr-9106	665	10	earth	earth	NOUN
cblr-9106	665	11	observation	observation	NOUN
cblr-9106	665	12	,	,	PUNCT
cblr-9106	665	13	https://www.oxfordeo.com/about	https://www.oxfordeo.com/about	PUNCT
cblr-9106	666	1	[	[	X
cblr-9106	666	2	https://perma.cc/7npd-3ldw	https://perma.cc/7npd-3ldw	X
cblr-9106	666	3	]	]	X
cblr-9106	666	4	(	(	PUNCT
cblr-9106	666	5	last	last	ADJ
cblr-9106	666	6	1134	1134	NUM
cblr-9106	666	7	columbia	columbia	PROPN
cblr-9106	666	8	business	business	NOUN
cblr-9106	666	9	law	law	PROPN
cblr-9106	666	10	review	review	NOUN
cblr-9106	666	11	[	[	X
cblr-9106	666	12	vol	vol	NOUN
cblr-9106	666	13	.	.	NOUN
cblr-9106	666	14	2021	2021	NUM
cblr-9106	666	15	and	and	CCONJ
cblr-9106	666	16	other	other	ADJ
cblr-9106	666	17	data	datum	NOUN
cblr-9106	666	18	as	as	ADV
cblr-9106	666	19	well	well	ADV
cblr-9106	666	20	as	as	ADP
cblr-9106	666	21	with	with	ADP
cblr-9106	666	22	emerging	emerge	VERB
cblr-9106	666	23	local	local	ADJ
cblr-9106	666	24	models	model	NOUN
cblr-9106	666	25	of	of	ADP
cblr-9106	666	26	climate	climate	NOUN
cblr-9106	666	27	risk	risk	NOUN
cblr-9106	666	28	to	to	PART
cblr-9106	666	29	deliver	deliver	VERB
cblr-9106	666	30	an	an	DET
cblr-9106	666	31	assessment	assessment	NOUN
cblr-9106	666	32	of	of	ADP
cblr-9106	666	33	an	an	DET
cblr-9106	666	34	individual	individual	ADJ
cblr-9106	666	35	firm	firm	NOUN
cblr-9106	666	36	’s	’s	PART
cblr-9106	666	37	exposure	exposure	NOUN
cblr-9106	666	38	.	.	PUNCT
cblr-9106	667	1	it	it	PRON
cblr-9106	667	2	is	be	AUX
cblr-9106	667	3	the	the	DET
cblr-9106	667	4	key	key	NOUN
cblr-9106	667	5	that	that	PRON
cblr-9106	667	6	can	can	AUX
cblr-9106	667	7	tie	tie	VERB
cblr-9106	667	8	assessments	assessment	NOUN
cblr-9106	667	9	of	of	ADP
cblr-9106	667	10	asset	asset	NOUN
cblr-9106	667	11	-	-	PUNCT
cblr-9106	667	12	level	level	NOUN
cblr-9106	667	13	risk	risk	NOUN
cblr-9106	667	14	,	,	PUNCT
cblr-9106	667	15	for	for	ADP
cblr-9106	667	16	example	example	NOUN
cblr-9106	667	17	about	about	ADP
cblr-9106	667	18	flood	flood	NOUN
cblr-9106	667	19	risk	risk	NOUN
cblr-9106	667	20	around	around	ADP
cblr-9106	667	21	a	a	DET
cblr-9106	667	22	specific	specific	ADJ
cblr-9106	667	23	factory	factory	NOUN
cblr-9106	667	24	,	,	PUNCT
cblr-9106	667	25	back	back	ADV
cblr-9106	667	26	to	to	ADP
cblr-9106	667	27	companies	company	NOUN
cblr-9106	667	28	’	'	PUNCT
cblr-9106	667	29	balance	balance	NOUN
cblr-9106	667	30	sheets	sheet	NOUN
cblr-9106	667	31	.	.	PUNCT
cblr-9106	668	1	a	a	DET
cblr-9106	668	2	question	question	NOUN
cblr-9106	668	3	naturally	naturally	ADV
cblr-9106	668	4	posed	pose	VERB
cblr-9106	668	5	by	by	ADP
cblr-9106	668	6	this	this	DET
cblr-9106	668	7	discussion	discussion	NOUN
cblr-9106	668	8	is	be	AUX
cblr-9106	668	9	whether	whether	SCONJ
cblr-9106	668	10	it	it	PRON
cblr-9106	668	11	is	be	AUX
cblr-9106	668	12	necessary	necessary	ADJ
cblr-9106	668	13	for	for	SCONJ
cblr-9106	668	14	firms	firm	NOUN
cblr-9106	668	15	to	to	PART
cblr-9106	668	16	be	be	AUX
cblr-9106	668	17	required	require	VERB
cblr-9106	668	18	to	to	PART
cblr-9106	668	19	disclose	disclose	VERB
cblr-9106	668	20	their	their	PRON
cblr-9106	668	21	asset	asset	NOUN
cblr-9106	668	22	ownership	ownership	NOUN
cblr-9106	668	23	information	information	NOUN
cblr-9106	668	24	,	,	PUNCT
cblr-9106	668	25	or	or	CCONJ
cblr-9106	668	26	whether	whether	SCONJ
cblr-9106	668	27	a	a	DET
cblr-9106	668	28	private	private	ADJ
cblr-9106	668	29	ordering	ordering	NOUN
cblr-9106	668	30	solution	solution	NOUN
cblr-9106	668	31	might	might	AUX
cblr-9106	668	32	exist	exist	VERB
cblr-9106	668	33	.	.	PUNCT
cblr-9106	669	1	such	such	DET
cblr-9106	669	2	a	a	DET
cblr-9106	669	3	solution	solution	NOUN
cblr-9106	669	4	might	might	AUX
cblr-9106	669	5	involve	involve	VERB
cblr-9106	669	6	companies	company	NOUN
cblr-9106	669	7	hiring	hire	VERB
cblr-9106	669	8	an	an	DET
cblr-9106	669	9	information	information	NOUN
cblr-9106	669	10	intermediary	intermediary	NOUN
cblr-9106	669	11	—	—	PUNCT
cblr-9106	669	12	perhaps	perhaps	ADV
cblr-9106	669	13	styled	style	VERB
cblr-9106	669	14	as	as	ADP
cblr-9106	669	15	a	a	DET
cblr-9106	669	16	“	"	PUNCT
cblr-9106	669	17	climate	climate	NOUN
cblr-9106	669	18	risks	risk	NOUN
cblr-9106	669	19	assessor”—which	assessor”—which	PRON
cblr-9106	669	20	would	would	AUX
cblr-9106	669	21	combine	combine	VERB
cblr-9106	669	22	the	the	DET
cblr-9106	669	23	(	(	PUNCT
cblr-9106	669	24	public	public	ADJ
cblr-9106	669	25	-	-	PUNCT
cblr-9106	669	26	domain	domain	NOUN
cblr-9106	669	27	)	)	PUNCT
cblr-9106	669	28	geospatial	geospatial	NOUN
cblr-9106	669	29	data	datum	NOUN
cblr-9106	669	30	and	and	CCONJ
cblr-9106	669	31	emerging	emerge	VERB
cblr-9106	669	32	climate	climate	NOUN
cblr-9106	669	33	science	science	NOUN
cblr-9106	669	34	with	with	ADP
cblr-9106	669	35	proprietary	proprietary	ADJ
cblr-9106	669	36	information	information	NOUN
cblr-9106	669	37	supplied	supply	VERB
cblr-9106	669	38	by	by	ADP
cblr-9106	669	39	the	the	DET
cblr-9106	669	40	firm	firm	NOUN
cblr-9106	669	41	about	about	ADP
cblr-9106	669	42	its	its	PRON
cblr-9106	669	43	ownership	ownership	NOUN
cblr-9106	669	44	of	of	ADP
cblr-9106	669	45	assets	asset	NOUN
cblr-9106	669	46	.	.	PUNCT
cblr-9106	670	1	the	the	DET
cblr-9106	670	2	firm	firm	NOUN
cblr-9106	670	3	could	could	AUX
cblr-9106	670	4	then	then	ADV
cblr-9106	670	5	disclose	disclose	VERB
cblr-9106	670	6	the	the	DET
cblr-9106	670	7	third	third	ADJ
cblr-9106	670	8	party	party	NOUN
cblr-9106	670	9	’s	’s	PART
cblr-9106	670	10	analysis	analysis	NOUN
cblr-9106	670	11	of	of	ADP
cblr-9106	670	12	its	its	PRON
cblr-9106	670	13	physical	physical	ADJ
cblr-9106	670	14	risks	risk	NOUN
cblr-9106	670	15	without	without	ADP
cblr-9106	670	16	giving	give	VERB
cblr-9106	670	17	away	away	ADP
cblr-9106	670	18	details	detail	NOUN
cblr-9106	670	19	about	about	ADP
cblr-9106	670	20	asset	asset	NOUN
cblr-9106	670	21	ownership	ownership	NOUN
cblr-9106	670	22	that	that	PRON
cblr-9106	670	23	could	could	AUX
cblr-9106	670	24	be	be	AUX
cblr-9106	670	25	commercially	commercially	ADV
cblr-9106	670	26	sensitive	sensitive	ADJ
cblr-9106	670	27	.	.	PUNCT
cblr-9106	671	1	the	the	DET
cblr-9106	671	2	problem	problem	NOUN
cblr-9106	671	3	with	with	ADP
cblr-9106	671	4	an	an	DET
cblr-9106	671	5	information	information	NOUN
cblr-9106	671	6	intermediary	intermediary	NOUN
cblr-9106	671	7	model	model	NOUN
cblr-9106	671	8	is	be	AUX
cblr-9106	671	9	that	that	SCONJ
cblr-9106	671	10	there	there	PRON
cblr-9106	671	11	would	would	AUX
cblr-9106	671	12	be	be	AUX
cblr-9106	671	13	no	no	DET
cblr-9106	671	14	easy	easy	ADJ
cblr-9106	671	15	way	way	NOUN
cblr-9106	671	16	for	for	SCONJ
cblr-9106	671	17	investors	investor	NOUN
cblr-9106	671	18	to	to	PART
cblr-9106	671	19	verify	verify	VERB
cblr-9106	671	20	the	the	DET
cblr-9106	671	21	quality	quality	NOUN
cblr-9106	671	22	of	of	ADP
cblr-9106	671	23	the	the	DET
cblr-9106	671	24	assessor	assessor	NOUN
cblr-9106	671	25	’s	’s	PART
cblr-9106	671	26	analysis	analysis	NOUN
cblr-9106	671	27	,	,	PUNCT
cblr-9106	671	28	particularly	particularly	ADV
cblr-9106	671	29	given	give	VERB
cblr-9106	671	30	that	that	PRON
cblr-9106	671	31	climate	climate	NOUN
cblr-9106	671	32	risks	risk	NOUN
cblr-9106	671	33	assessors	assessor	NOUN
cblr-9106	671	34	would	would	AUX
cblr-9106	671	35	model	model	VERB
cblr-9106	671	36	mostly	mostly	ADV
cblr-9106	671	37	long	long	ADJ
cblr-9106	671	38	-	-	PUNCT
cblr-9106	671	39	tail	tail	NOUN
cblr-9106	671	40	events	event	NOUN
cblr-9106	671	41	.	.	PUNCT
cblr-9106	672	1	the	the	DET
cblr-9106	672	2	product	product	NOUN
cblr-9106	672	3	sold	sell	VERB
cblr-9106	672	4	by	by	ADP
cblr-9106	672	5	such	such	DET
cblr-9106	672	6	an	an	DET
cblr-9106	672	7	intermediary	intermediary	NOUN
cblr-9106	672	8	would	would	AUX
cblr-9106	672	9	be	be	AUX
cblr-9106	672	10	a	a	DET
cblr-9106	672	11	credence	credence	NOUN
cblr-9106	672	12	good	good	NOUN
cblr-9106	672	13	.	.	PUNCT
cblr-9106	673	1	its	its	PRON
cblr-9106	673	2	market	market	NOUN
cblr-9106	673	3	would	would	AUX
cblr-9106	673	4	function	function	VERB
cblr-9106	673	5	poorly	poorly	ADV
cblr-9106	673	6	because	because	SCONJ
cblr-9106	673	7	firms	firm	NOUN
cblr-9106	673	8	stand	stand	VERB
cblr-9106	673	9	to	to	PART
cblr-9106	673	10	benefit	benefit	VERB
cblr-9106	673	11	from	from	ADP
cblr-9106	673	12	analyses	analysis	NOUN
cblr-9106	673	13	that	that	PRON
cblr-9106	673	14	predict	predict	VERB
cblr-9106	673	15	lower	low	ADJ
cblr-9106	673	16	(	(	PUNCT
cblr-9106	673	17	rather	rather	ADV
cblr-9106	673	18	than	than	ADP
cblr-9106	673	19	higher	high	ADJ
cblr-9106	673	20	)	)	PUNCT
cblr-9106	673	21	risks	risk	NOUN
cblr-9106	673	22	,	,	PUNCT
cblr-9106	673	23	and	and	CCONJ
cblr-9106	673	24	investors	investor	NOUN
cblr-9106	673	25	would	would	AUX
cblr-9106	673	26	have	have	VERB
cblr-9106	673	27	no	no	DET
cblr-9106	673	28	way	way	NOUN
cblr-9106	673	29	to	to	PART
cblr-9106	673	30	verify	verify	VERB
cblr-9106	673	31	the	the	DET
cblr-9106	673	32	quality	quality	NOUN
cblr-9106	673	33	of	of	ADP
cblr-9106	673	34	the	the	DET
cblr-9106	673	35	analysis	analysis	NOUN
cblr-9106	673	36	.	.	PUNCT
cblr-9106	674	1	the	the	DET
cblr-9106	674	2	inherent	inherent	ADJ
cblr-9106	674	3	conflict	conflict	NOUN
cblr-9106	674	4	of	of	ADP
cblr-9106	674	5	interest	interest	NOUN
cblr-9106	674	6	of	of	ADP
cblr-9106	674	7	issuer	issuer	NOUN
cblr-9106	674	8	-	-	PUNCT
cblr-9106	674	9	paid	pay	VERB
cblr-9106	674	10	information	information	NOUN
cblr-9106	674	11	intermediaries	intermediary	NOUN
cblr-9106	674	12	is	be	AUX
cblr-9106	674	13	well	well	ADV
cblr-9106	674	14	understood	understand	VERB
cblr-9106	674	15	in	in	ADP
cblr-9106	674	16	other	other	ADJ
cblr-9106	674	17	contexts	contexts	NOUN
cblr-9106	674	18	,	,	PUNCT
cblr-9106	674	19	such	such	ADJ
cblr-9106	674	20	as	as	ADP
cblr-9106	674	21	credit	credit	NOUN
cblr-9106	674	22	ratings	rating	NOUN
cblr-9106	674	23	and	and	CCONJ
cblr-9106	674	24	audit	audit	NOUN
cblr-9106	674	25	services.207	services.207	NOUN
cblr-9106	674	26	it	it	PRON
cblr-9106	674	27	would	would	AUX
cblr-9106	674	28	be	be	AUX
cblr-9106	674	29	difficult	difficult	ADJ
cblr-9106	674	30	to	to	PART
cblr-9106	674	31	build	build	VERB
cblr-9106	674	32	a	a	DET
cblr-9106	674	33	reputation	reputation	NOUN
cblr-9106	674	34	for	for	ADP
cblr-9106	674	35	reliable	reliable	ADJ
cblr-9106	674	36	physical	physical	ADJ
cblr-9106	674	37	risks	risk	NOUN
cblr-9106	674	38	analyses	analyse	VERB
cblr-9106	674	39	:	:	PUNCT
cblr-9106	674	40	as	as	SCONJ
cblr-9106	674	41	discussed	discuss	VERB
cblr-9106	674	42	in	in	ADP
cblr-9106	674	43	part	part	PROPN
cblr-9106	674	44	ii	ii	PROPN
cblr-9106	674	45	,	,	PUNCT
cblr-9106	674	46	climate	climate	NOUN
cblr-9106	674	47	risks	risk	NOUN
cblr-9106	674	48	services	service	NOUN
cblr-9106	674	49	are	be	AUX
cblr-9106	674	50	a	a	DET
cblr-9106	674	51	new	new	ADJ
cblr-9106	674	52	product	product	NOUN
cblr-9106	674	53	,	,	PUNCT
cblr-9106	674	54	the	the	DET
cblr-9106	674	55	relevant	relevant	ADJ
cblr-9106	674	56	variables	variable	NOUN
cblr-9106	674	57	are	be	AUX
cblr-9106	674	58	constantly	constantly	ADV
cblr-9106	674	59	changing	change	VERB
cblr-9106	674	60	,	,	PUNCT
cblr-9106	674	61	there	there	PRON
cblr-9106	674	62	are	be	VERB
cblr-9106	674	63	no	no	DET
cblr-9106	674	64	accepted	accept	VERB
cblr-9106	674	65	methodologies	methodology	NOUN
cblr-9106	674	66	to	to	PART
cblr-9106	674	67	deploy	deploy	VERB
cblr-9106	674	68	,	,	PUNCT
cblr-9106	674	69	and	and	CCONJ
cblr-9106	674	70	the	the	DET
cblr-9106	674	71	time	time	NOUN
cblr-9106	674	72	visited	visit	VERB
cblr-9106	674	73	dec	dec	PROPN
cblr-9106	674	74	.	.	PROPN
cblr-9106	674	75	15	15	NUM
cblr-9106	674	76	,	,	PUNCT
cblr-9106	674	77	2021	2021	NUM
cblr-9106	674	78	)	)	PUNCT
cblr-9106	674	79	(	(	PUNCT
cblr-9106	674	80	using	use	VERB
cblr-9106	674	81	remote	remote	NOUN
cblr-9106	674	82	-	-	PUNCT
cblr-9106	674	83	sensing	sense	VERB
cblr-9106	674	84	data	datum	NOUN
cblr-9106	674	85	to	to	PART
cblr-9106	674	86	identify	identify	VERB
cblr-9106	674	87	and	and	CCONJ
cblr-9106	674	88	measure	measure	VERB
cblr-9106	674	89	the	the	DET
cblr-9106	674	90	sustainability	sustainability	NOUN
cblr-9106	674	91	risk	risk	NOUN
cblr-9106	674	92	exposure	exposure	NOUN
cblr-9106	674	93	of	of	ADP
cblr-9106	674	94	real	real	ADJ
cblr-9106	674	95	assets	asset	NOUN
cblr-9106	674	96	)	)	PUNCT
cblr-9106	674	97	.	.	PUNCT
cblr-9106	675	1	207	207	NUM
cblr-9106	675	2	see	see	VERB
cblr-9106	675	3	,	,	PUNCT
cblr-9106	675	4	e.g.	e.g.	ADV
cblr-9106	675	5	,	,	PUNCT
cblr-9106	675	6	ramin	ramin	PROPN
cblr-9106	675	7	p.	p.	PROPN
cblr-9106	675	8	baghai	baghai	PROPN
cblr-9106	675	9	&	&	CCONJ
cblr-9106	675	10	bo	bo	PROPN
cblr-9106	675	11	becker	becker	PROPN
cblr-9106	675	12	,	,	PUNCT
cblr-9106	675	13	non	non	ADJ
cblr-9106	675	14	-	-	ADJ
cblr-9106	675	15	rating	rating	ADJ
cblr-9106	675	16	revenue	revenue	NOUN
cblr-9106	675	17	and	and	CCONJ
cblr-9106	675	18	conflicts	conflict	NOUN
cblr-9106	675	19	of	of	ADP
cblr-9106	675	20	interest	interest	NOUN
cblr-9106	675	21	,	,	PUNCT
cblr-9106	675	22	127	127	NUM
cblr-9106	675	23	j.	j.	PROPN
cblr-9106	675	24	fin	fin	PROPN
cblr-9106	675	25	.	.	PUNCT
cblr-9106	675	26	econ	econ	PROPN
cblr-9106	675	27	.	.	PUNCT
cblr-9106	676	1	94	94	NUM
cblr-9106	676	2	,	,	PUNCT
cblr-9106	676	3	95–96	95–96	NUM
cblr-9106	676	4	(	(	PUNCT
cblr-9106	676	5	2018	2018	NUM
cblr-9106	676	6	)	)	PUNCT
cblr-9106	676	7	;	;	PUNCT
cblr-9106	676	8	samuel	samuel	PROPN
cblr-9106	676	9	b.	b.	PROPN
cblr-9106	676	10	bonsall	bonsall	PROPN
cblr-9106	676	11	et	et	PROPN
cblr-9106	676	12	al	al	PROPN
cblr-9106	676	13	.	.	PROPN
cblr-9106	676	14	,	,	PUNCT
cblr-9106	676	15	conflicts	conflict	NOUN
cblr-9106	676	16	of	of	ADP
cblr-9106	676	17	interest	interest	NOUN
cblr-9106	676	18	in	in	ADP
cblr-9106	676	19	subscriber	subscriber	NOUN
cblr-9106	676	20	-	-	PUNCT
cblr-9106	676	21	paid	pay	VERB
cblr-9106	676	22	credit	credit	NOUN
cblr-9106	676	23	ratings	rating	NOUN
cblr-9106	676	24	2	2	NUM
cblr-9106	676	25	(	(	PUNCT
cblr-9106	676	26	sept	sept	PROPN
cblr-9106	676	27	.	.	PROPN
cblr-9106	676	28	26	26	NUM
cblr-9106	676	29	,	,	PUNCT
cblr-9106	676	30	2021	2021	NUM
cblr-9106	676	31	)	)	PUNCT
cblr-9106	676	32	,	,	PUNCT
cblr-9106	677	1	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3931024	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3931024	PROPN
cblr-9106	677	2	(	(	PUNCT
cblr-9106	677	3	on	on	ADP
cblr-9106	677	4	file	file	NOUN
cblr-9106	677	5	with	with	ADP
cblr-9106	677	6	the	the	DET
cblr-9106	677	7	columbia	columbia	PROPN
cblr-9106	677	8	business	business	PROPN
cblr-9106	677	9	law	law	PROPN
cblr-9106	677	10	review	review	PROPN
cblr-9106	677	11	)	)	PUNCT
cblr-9106	677	12	.	.	PUNCT
cblr-9106	678	1	no	no	INTJ
cblr-9106	678	2	.	.	NOUN
cblr-9106	679	1	3:1085	3:1085	NUM
cblr-9106	679	2	]	]	X
cblr-9106	679	3	mandatory	mandatory	ADJ
cblr-9106	679	4	corporate	corporate	ADJ
cblr-9106	679	5	climate	climate	NOUN
cblr-9106	679	6	disclosures	disclosure	NOUN
cblr-9106	679	7	1135	1135	NUM
cblr-9106	679	8	horizon	horizon	NOUN
cblr-9106	679	9	for	for	SCONJ
cblr-9106	679	10	users	user	NOUN
cblr-9106	679	11	to	to	PART
cblr-9106	679	12	consider	consider	VERB
cblr-9106	679	13	in	in	ADP
cblr-9106	679	14	order	order	NOUN
cblr-9106	679	15	to	to	PART
cblr-9106	679	16	compare	compare	VERB
cblr-9106	679	17	outcomes	outcome	NOUN
cblr-9106	679	18	with	with	ADP
cblr-9106	679	19	predictions	prediction	NOUN
cblr-9106	679	20	is	be	AUX
cblr-9106	679	21	very	very	ADV
cblr-9106	679	22	long	long	ADJ
cblr-9106	679	23	.	.	PUNCT
cblr-9106	680	1	it	it	PRON
cblr-9106	680	2	may	may	AUX
cblr-9106	680	3	well	well	ADV
cblr-9106	680	4	be	be	AUX
cblr-9106	680	5	that	that	SCONJ
cblr-9106	680	6	a	a	DET
cblr-9106	680	7	market	market	NOUN
cblr-9106	680	8	for	for	ADP
cblr-9106	680	9	such	such	ADJ
cblr-9106	680	10	services	service	NOUN
cblr-9106	680	11	will	will	AUX
cblr-9106	680	12	develop	develop	VERB
cblr-9106	680	13	in	in	ADP
cblr-9106	680	14	the	the	DET
cblr-9106	680	15	future	future	NOUN
cblr-9106	680	16	,	,	PUNCT
cblr-9106	680	17	but	but	CCONJ
cblr-9106	680	18	it	it	PRON
cblr-9106	680	19	would	would	AUX
cblr-9106	680	20	be	be	AUX
cblr-9106	680	21	putting	put	VERB
cblr-9106	680	22	the	the	DET
cblr-9106	680	23	cart	cart	NOUN
cblr-9106	680	24	before	before	ADP
cblr-9106	680	25	the	the	DET
cblr-9106	680	26	horse	horse	NOUN
cblr-9106	680	27	if	if	SCONJ
cblr-9106	680	28	regulators	regulator	NOUN
cblr-9106	680	29	required	require	VERB
cblr-9106	680	30	companies	company	NOUN
cblr-9106	680	31	to	to	PART
cblr-9106	680	32	hire	hire	VERB
cblr-9106	680	33	climate	climate	NOUN
cblr-9106	680	34	risk	risk	NOUN
cblr-9106	680	35	assessors	assessor	NOUN
cblr-9106	680	36	before	before	SCONJ
cblr-9106	680	37	the	the	DET
cblr-9106	680	38	latter	latter	ADJ
cblr-9106	680	39	gain	gain	NOUN
cblr-9106	680	40	a	a	DET
cblr-9106	680	41	reputation	reputation	NOUN
cblr-9106	680	42	in	in	ADP
cblr-9106	680	43	the	the	DET
cblr-9106	680	44	market	market	NOUN
cblr-9106	680	45	for	for	ADP
cblr-9106	680	46	doing	do	VERB
cblr-9106	680	47	a	a	DET
cblr-9106	680	48	good	good	ADJ
cblr-9106	680	49	job	job	NOUN
cblr-9106	680	50	.	.	PUNCT
cblr-9106	681	1	the	the	DET
cblr-9106	681	2	“	"	PUNCT
cblr-9106	681	3	regulatory	regulatory	ADJ
cblr-9106	681	4	license	license	NOUN
cblr-9106	681	5	”	"	PUNCT
cblr-9106	681	6	problem	problem	NOUN
cblr-9106	681	7	,	,	PUNCT
cblr-9106	681	8	which	which	PRON
cblr-9106	681	9	hampers	hamper	VERB
cblr-9106	681	10	the	the	DET
cblr-9106	681	11	informational	informational	ADJ
cblr-9106	681	12	value	value	NOUN
cblr-9106	681	13	of	of	ADP
cblr-9106	681	14	rating	rating	NOUN
cblr-9106	681	15	agencies,208	agencies,208	PROPN
cblr-9106	681	16	would	would	AUX
cblr-9106	681	17	characterize	characterize	VERB
cblr-9106	681	18	this	this	DET
cblr-9106	681	19	market	market	NOUN
cblr-9106	681	20	from	from	ADP
cblr-9106	681	21	its	its	PRON
cblr-9106	681	22	very	very	ADJ
cblr-9106	681	23	start	start	NOUN
cblr-9106	681	24	.	.	PUNCT
cblr-9106	682	1	2	2	X
cblr-9106	682	2	.	.	NUM
cblr-9106	682	3	standardized	standardize	VERB
cblr-9106	682	4	scenarios	scenario	NOUN
cblr-9106	682	5	for	for	ADP
cblr-9106	682	6	climate	climate	NOUN
cblr-9106	682	7	stress	stress	NOUN
cblr-9106	682	8	tests	test	NOUN
cblr-9106	682	9	because	because	SCONJ
cblr-9106	682	10	of	of	ADP
cblr-9106	682	11	the	the	DET
cblr-9106	682	12	uncertainty	uncertainty	NOUN
cblr-9106	682	13	around	around	ADP
cblr-9106	682	14	the	the	DET
cblr-9106	682	15	timing	timing	NOUN
cblr-9106	682	16	,	,	PUNCT
cblr-9106	682	17	magnitude	magnitude	NOUN
cblr-9106	682	18	,	,	PUNCT
cblr-9106	682	19	and	and	CCONJ
cblr-9106	682	20	nature	nature	NOUN
cblr-9106	682	21	of	of	ADP
cblr-9106	682	22	climate	climate	NOUN
cblr-9106	682	23	risks	risk	NOUN
cblr-9106	682	24	,	,	PUNCT
cblr-9106	682	25	and	and	CCONJ
cblr-9106	682	26	in	in	ADP
cblr-9106	682	27	particular	particular	ADJ
cblr-9106	682	28	transition	transition	NOUN
cblr-9106	682	29	risks,209	risks,209	NOUN
cblr-9106	682	30	companies	company	NOUN
cblr-9106	682	31	and	and	CCONJ
cblr-9106	682	32	their	their	PRON
cblr-9106	682	33	investors	investor	NOUN
cblr-9106	682	34	struggle	struggle	VERB
cblr-9106	682	35	to	to	PART
cblr-9106	682	36	evaluate	evaluate	VERB
cblr-9106	682	37	how	how	SCONJ
cblr-9106	682	38	these	these	DET
cblr-9106	682	39	risks	risk	NOUN
cblr-9106	682	40	might	might	AUX
cblr-9106	682	41	affect	affect	VERB
cblr-9106	682	42	them	they	PRON
cblr-9106	682	43	.	.	PUNCT
cblr-9106	683	1	this	this	PRON
cblr-9106	683	2	motivates	motivate	VERB
cblr-9106	683	3	a	a	DET
cblr-9106	683	4	fundamental	fundamental	ADJ
cblr-9106	683	5	concern	concern	NOUN
cblr-9106	683	6	with	with	ADP
cblr-9106	683	7	climate	climate	NOUN
cblr-9106	683	8	risk	risk	NOUN
cblr-9106	683	9	disclosures	disclosure	NOUN
cblr-9106	683	10	:	:	PUNCT
cblr-9106	683	11	that	that	SCONJ
cblr-9106	683	12	issuers	issuer	NOUN
cblr-9106	683	13	’	'	PUNCT
cblr-9106	683	14	lack	lack	NOUN
cblr-9106	683	15	of	of	ADP
cblr-9106	683	16	understanding	understanding	NOUN
cblr-9106	683	17	,	,	PUNCT
cblr-9106	683	18	or	or	CCONJ
cblr-9106	683	19	differences	difference	NOUN
cblr-9106	683	20	of	of	ADP
cblr-9106	683	21	interpretation	interpretation	NOUN
cblr-9106	683	22	,	,	PUNCT
cblr-9106	683	23	of	of	ADP
cblr-9106	683	24	the	the	DET
cblr-9106	683	25	climate	climate	NOUN
cblr-9106	683	26	trajectory	trajectory	NOUN
cblr-9106	683	27	might	might	AUX
cblr-9106	683	28	mean	mean	VERB
cblr-9106	683	29	that	that	SCONJ
cblr-9106	683	30	disclosures	disclosure	NOUN
cblr-9106	683	31	about	about	ADP
cblr-9106	683	32	climate	climate	NOUN
cblr-9106	683	33	risk	risk	NOUN
cblr-9106	683	34	are	be	AUX
cblr-9106	683	35	either	either	CCONJ
cblr-9106	683	36	mis	mi	NOUN
cblr-9106	683	37	-	-	PUNCT
cblr-9106	683	38	specified	specified	ADJ
cblr-9106	683	39	,	,	PUNCT
cblr-9106	683	40	non	non	ADJ
cblr-9106	683	41	-	-	ADJ
cblr-9106	683	42	comparable	comparable	ADJ
cblr-9106	683	43	,	,	PUNCT
cblr-9106	683	44	or	or	CCONJ
cblr-9106	683	45	both	both	PRON
cblr-9106	683	46	.	.	PUNCT
cblr-9106	684	1	one	one	NUM
cblr-9106	684	2	way	way	NOUN
cblr-9106	684	3	to	to	PART
cblr-9106	684	4	deal	deal	VERB
cblr-9106	684	5	with	with	ADP
cblr-9106	684	6	this	this	DET
cblr-9106	684	7	uncertainty	uncertainty	NOUN
cblr-9106	684	8	is	be	AUX
cblr-9106	684	9	to	to	PART
cblr-9106	684	10	use	use	VERB
cblr-9106	684	11	“	"	PUNCT
cblr-9106	684	12	stress	stress	NOUN
cblr-9106	684	13	tests	test	NOUN
cblr-9106	684	14	,	,	PUNCT
cblr-9106	684	15	”	"	PUNCT
cblr-9106	684	16	a	a	DET
cblr-9106	684	17	tool	tool	NOUN
cblr-9106	684	18	adopted	adopt	VERB
cblr-9106	684	19	by	by	ADP
cblr-9106	684	20	regulators	regulator	NOUN
cblr-9106	684	21	around	around	ADP
cblr-9106	684	22	the	the	DET
cblr-9106	684	23	world	world	NOUN
cblr-9106	684	24	in	in	ADP
cblr-9106	684	25	the	the	DET
cblr-9106	684	26	aftermath	aftermath	NOUN
cblr-9106	684	27	of	of	ADP
cblr-9106	684	28	the	the	DET
cblr-9106	684	29	2007	2007	NUM
cblr-9106	684	30	-	-	SYM
cblr-9106	684	31	2009	2009	NUM
cblr-9106	684	32	financial	financial	ADJ
cblr-9106	684	33	crisis	crisis	NOUN
cblr-9106	684	34	to	to	PART
cblr-9106	684	35	evaluate	evaluate	VERB
cblr-9106	684	36	the	the	DET
cblr-9106	684	37	resilience	resilience	NOUN
cblr-9106	684	38	of	of	ADP
cblr-9106	684	39	financial	financial	ADJ
cblr-9106	684	40	institutions	institution	NOUN
cblr-9106	684	41	to	to	ADP
cblr-9106	684	42	financial	financial	ADJ
cblr-9106	684	43	stability	stability	NOUN
cblr-9106	684	44	risks.210	risks.210	NOUN
cblr-9106	684	45	at	at	ADP
cblr-9106	684	46	its	its	PRON
cblr-9106	684	47	core	core	NOUN
cblr-9106	684	48	,	,	PUNCT
cblr-9106	684	49	a	a	DET
cblr-9106	684	50	stress	stress	NOUN
cblr-9106	684	51	test	test	NOUN
cblr-9106	684	52	involves	involve	VERB
cblr-9106	684	53	a	a	DET
cblr-9106	684	54	review	review	NOUN
cblr-9106	684	55	of	of	ADP
cblr-9106	684	56	how	how	SCONJ
cblr-9106	684	57	a	a	DET
cblr-9106	684	58	firm	firm	NOUN
cblr-9106	684	59	’s	’s	PART
cblr-9106	684	60	activities	activity	NOUN
cblr-9106	684	61	would	would	AUX
cblr-9106	684	62	be	be	AUX
cblr-9106	684	63	affected	affect	VERB
cblr-9106	684	64	by	by	ADP
cblr-9106	684	65	hypothetical	hypothetical	ADJ
cblr-9106	684	66	scenarios	scenario	NOUN
cblr-9106	684	67	that	that	PRON
cblr-9106	684	68	represent	represent	VERB
cblr-9106	684	69	possible	possible	ADJ
cblr-9106	684	70	future	future	ADJ
cblr-9106	684	71	states	state	NOUN
cblr-9106	684	72	of	of	ADP
cblr-9106	684	73	the	the	DET
cblr-9106	684	74	world.211	world.211	NOUN
cblr-9106	684	75	however	however	ADV
cblr-9106	684	76	,	,	PUNCT
cblr-9106	684	77	those	those	PRON
cblr-9106	684	78	setting	set	VERB
cblr-9106	684	79	the	the	DET
cblr-9106	684	80	scenarios	scenario	NOUN
cblr-9106	684	81	do	do	AUX
cblr-9106	684	82	not	not	PART
cblr-9106	684	83	assign	assign	VERB
cblr-9106	684	84	any	any	DET
cblr-9106	684	85	particular	particular	ADJ
cblr-9106	684	86	probability	probability	NOUN
cblr-9106	684	87	to	to	ADP
cblr-9106	684	88	one	one	NUM
cblr-9106	684	89	state	state	NOUN
cblr-9106	684	90	or	or	CCONJ
cblr-9106	684	91	another	another	PRON
cblr-9106	684	92	.	.	PUNCT
cblr-9106	685	1	the	the	DET
cblr-9106	685	2	powerful	powerful	ADJ
cblr-9106	685	3	virtue	virtue	NOUN
cblr-9106	685	4	of	of	ADP
cblr-9106	685	5	this	this	DET
cblr-9106	685	6	methodology	methodology	NOUN
cblr-9106	685	7	is	be	AUX
cblr-9106	685	8	that	that	SCONJ
cblr-9106	685	9	it	it	PRON
cblr-9106	685	10	provides	provide	VERB
cblr-9106	685	11	a	a	DET
cblr-9106	685	12	way	way	NOUN
cblr-9106	685	13	of	of	ADP
cblr-9106	685	14	holding	hold	VERB
cblr-9106	685	15	constant	constant	ADJ
cblr-9106	685	16	,	,	PUNCT
cblr-9106	685	17	for	for	ADP
cblr-9106	685	18	the	the	DET
cblr-9106	685	19	purposes	purpose	NOUN
cblr-9106	685	20	of	of	ADP
cblr-9106	685	21	the	the	DET
cblr-9106	685	22	disclosure	disclosure	NOUN
cblr-9106	685	23	exercise	exercise	NOUN
cblr-9106	685	24	,	,	PUNCT
cblr-9106	685	25	all	all	DET
cblr-9106	685	26	the	the	DET
cblr-9106	685	27	many	many	ADJ
cblr-9106	685	28	variables	variable	NOUN
cblr-9106	685	29	208	208	NUM
cblr-9106	685	30	see	see	VERB
cblr-9106	685	31	frank	frank	PROPN
cblr-9106	685	32	partnoy	partnoy	PROPN
cblr-9106	685	33	,	,	PUNCT
cblr-9106	685	34	the	the	DET
cblr-9106	685	35	siskel	siskel	NOUN
cblr-9106	685	36	and	and	CCONJ
cblr-9106	685	37	ebert	ebert	NOUN
cblr-9106	685	38	of	of	ADP
cblr-9106	685	39	financial	financial	ADJ
cblr-9106	685	40	markets	market	NOUN
cblr-9106	685	41	?	?	PUNCT
cblr-9106	686	1	:	:	PUNCT
cblr-9106	686	2	two	two	NUM
cblr-9106	686	3	thumbs	thumb	NOUN
cblr-9106	686	4	down	down	ADP
cblr-9106	686	5	for	for	ADP
cblr-9106	686	6	the	the	DET
cblr-9106	686	7	credit	credit	NOUN
cblr-9106	686	8	rating	rating	NOUN
cblr-9106	686	9	agencies	agency	NOUN
cblr-9106	686	10	,	,	PUNCT
cblr-9106	686	11	77	77	NUM
cblr-9106	686	12	wash	wash	NOUN
cblr-9106	686	13	.	.	PUNCT
cblr-9106	687	1	u.l.q	u.l.q	NOUN
cblr-9106	687	2	.	.	PUNCT
cblr-9106	688	1	619	619	NUM
cblr-9106	688	2	,	,	PUNCT
cblr-9106	688	3	681–703	681–703	NUM
cblr-9106	688	4	(	(	PUNCT
cblr-9106	688	5	1999	1999	NUM
cblr-9106	688	6	)	)	PUNCT
cblr-9106	688	7	(	(	PUNCT
cblr-9106	688	8	describing	describe	VERB
cblr-9106	688	9	how	how	SCONJ
cblr-9106	688	10	the	the	DET
cblr-9106	688	11	regulatory	regulatory	ADJ
cblr-9106	688	12	license	license	NOUN
cblr-9106	688	13	of	of	ADP
cblr-9106	688	14	credit	credit	NOUN
cblr-9106	688	15	rating	rating	NOUN
cblr-9106	688	16	agencies	agency	NOUN
cblr-9106	688	17	affects	affect	VERB
cblr-9106	688	18	the	the	DET
cblr-9106	688	19	quality	quality	NOUN
cblr-9106	688	20	of	of	ADP
cblr-9106	688	21	their	their	PRON
cblr-9106	688	22	service	service	NOUN
cblr-9106	688	23	)	)	PUNCT
cblr-9106	688	24	.	.	PUNCT
cblr-9106	689	1	209	209	NUM
cblr-9106	689	2	see	see	VERB
cblr-9106	689	3	supra	supra	PROPN
cblr-9106	689	4	section	section	PROPN
cblr-9106	689	5	ii.a	ii.a	PROPN
cblr-9106	689	6	.	.	PROPN
cblr-9106	690	1	210	210	NUM
cblr-9106	690	2	martin	martin	PROPN
cblr-9106	690	3	čihák	čihák	NOUN
cblr-9106	690	4	,	,	PUNCT
cblr-9106	690	5	hiroko	hiroko	NOUN
cblr-9106	690	6	oura	oura	PROPN
cblr-9106	690	7	&	&	CCONJ
cblr-9106	690	8	liliana	liliana	PROPN
cblr-9106	690	9	schumacher	schumacher	PROPN
cblr-9106	690	10	,	,	PUNCT
cblr-9106	690	11	what	what	PRON
cblr-9106	690	12	is	be	AUX
cblr-9106	690	13	stress	stress	ADJ
cblr-9106	690	14	testing	testing	NOUN
cblr-9106	690	15	?	?	PUNCT
cblr-9106	690	16	,	,	PUNCT
cblr-9106	690	17	fin	fin	PROPN
cblr-9106	690	18	.	.	PUNCT
cblr-9106	690	19	&	&	CCONJ
cblr-9106	690	20	dev	dev	PROPN
cblr-9106	690	21	.	.	PROPN
cblr-9106	690	22	,	,	PUNCT
cblr-9106	690	23	sept	sept	PROPN
cblr-9106	690	24	.	.	PROPN
cblr-9106	690	25	2019	2019	NUM
cblr-9106	690	26	,	,	PUNCT
cblr-9106	690	27	at	at	ADP
cblr-9106	690	28	52	52	NUM
cblr-9106	690	29	.	.	PUNCT
cblr-9106	691	1	211	211	NUM
cblr-9106	691	2	i	i	PRON
cblr-9106	691	3	d.	d.	PROPN
cblr-9106	691	4	1136	1136	NUM
cblr-9106	691	5	columbia	columbia	PROPN
cblr-9106	691	6	business	business	NOUN
cblr-9106	691	7	law	law	PROPN
cblr-9106	691	8	review	review	NOUN
cblr-9106	691	9	[	[	X
cblr-9106	691	10	vol	vol	NOUN
cblr-9106	691	11	.	.	PUNCT
cblr-9106	691	12	2021	2021	NUM
cblr-9106	691	13	that	that	PRON
cblr-9106	691	14	might	might	AUX
cblr-9106	691	15	affect	affect	VERB
cblr-9106	691	16	a	a	DET
cblr-9106	691	17	firm	firm	NOUN
cblr-9106	691	18	’s	’s	PART
cblr-9106	691	19	risks	risk	NOUN
cblr-9106	691	20	.	.	PUNCT
cblr-9106	692	1	this	this	PRON
cblr-9106	692	2	means	mean	VERB
cblr-9106	692	3	that	that	SCONJ
cblr-9106	692	4	the	the	DET
cblr-9106	692	5	disclosures	disclosure	NOUN
cblr-9106	692	6	are	be	AUX
cblr-9106	692	7	meaningfully	meaningfully	ADV
cblr-9106	692	8	comparable	comparable	ADJ
cblr-9106	692	9	,	,	PUNCT
cblr-9106	692	10	and	and	CCONJ
cblr-9106	692	11	differences	difference	NOUN
cblr-9106	692	12	between	between	ADP
cblr-9106	692	13	them	they	PRON
cblr-9106	692	14	reflect	reflect	VERB
cblr-9106	692	15	differences	difference	NOUN
cblr-9106	692	16	in	in	ADP
cblr-9106	692	17	how	how	SCONJ
cblr-9106	692	18	each	each	DET
cblr-9106	692	19	scenario	scenario	NOUN
cblr-9106	692	20	affects	affect	VERB
cblr-9106	692	21	the	the	DET
cblr-9106	692	22	firm	firm	NOUN
cblr-9106	692	23	’s	’s	PART
cblr-9106	692	24	activities	activity	NOUN
cblr-9106	692	25	,	,	PUNCT
cblr-9106	692	26	as	as	SCONJ
cblr-9106	692	27	opposed	oppose	VERB
cblr-9106	692	28	to	to	ADP
cblr-9106	692	29	how	how	SCONJ
cblr-9106	692	30	,	,	PUNCT
cblr-9106	692	31	in	in	ADP
cblr-9106	692	32	our	our	PRON
cblr-9106	692	33	setting	setting	NOUN
cblr-9106	692	34	,	,	PUNCT
cblr-9106	692	35	firms	firm	NOUN
cblr-9106	692	36	interpret	interpret	VERB
cblr-9106	692	37	the	the	DET
cblr-9106	692	38	future	future	ADJ
cblr-9106	692	39	trajectory	trajectory	NOUN
cblr-9106	692	40	of	of	ADP
cblr-9106	692	41	climate	climate	NOUN
cblr-9106	692	42	change	change	NOUN
cblr-9106	692	43	.	.	PUNCT
cblr-9106	693	1	of	of	ADP
cblr-9106	693	2	course	course	NOUN
cblr-9106	693	3	,	,	PUNCT
cblr-9106	693	4	the	the	DET
cblr-9106	693	5	utility	utility	NOUN
cblr-9106	693	6	of	of	ADP
cblr-9106	693	7	the	the	DET
cblr-9106	693	8	exercise	exercise	NOUN
cblr-9106	693	9	depends	depend	VERB
cblr-9106	693	10	on	on	ADP
cblr-9106	693	11	the	the	DET
cblr-9106	693	12	scenario	scenario	NOUN
cblr-9106	693	13	having	have	VERB
cblr-9106	693	14	some	some	DET
cblr-9106	693	15	bearing	bearing	NOUN
cblr-9106	693	16	on	on	ADP
cblr-9106	693	17	the	the	DET
cblr-9106	693	18	actual	actual	ADJ
cblr-9106	693	19	trajectory	trajectory	NOUN
cblr-9106	693	20	of	of	ADP
cblr-9106	693	21	climate	climate	NOUN
cblr-9106	693	22	change	change	NOUN
cblr-9106	693	23	.	.	PUNCT
cblr-9106	694	1	to	to	PART
cblr-9106	694	2	try	try	VERB
cblr-9106	694	3	to	to	PART
cblr-9106	694	4	ensure	ensure	VERB
cblr-9106	694	5	this	this	PRON
cblr-9106	694	6	,	,	PUNCT
cblr-9106	694	7	a	a	DET
cblr-9106	694	8	calibrated	calibrate	VERB
cblr-9106	694	9	range	range	NOUN
cblr-9106	694	10	of	of	ADP
cblr-9106	694	11	scenarios	scenario	NOUN
cblr-9106	694	12	can	can	AUX
cblr-9106	694	13	be	be	AUX
cblr-9106	694	14	set	set	VERB
cblr-9106	694	15	,	,	PUNCT
cblr-9106	694	16	the	the	DET
cblr-9106	694	17	results	result	NOUN
cblr-9106	694	18	of	of	ADP
cblr-9106	694	19	which	which	PRON
cblr-9106	694	20	investors	investor	NOUN
cblr-9106	694	21	and	and	CCONJ
cblr-9106	694	22	others	other	NOUN
cblr-9106	694	23	can	can	AUX
cblr-9106	694	24	then	then	ADV
cblr-9106	694	25	use	use	VERB
cblr-9106	694	26	to	to	PART
cblr-9106	694	27	assess	assess	VERB
cblr-9106	694	28	various	various	ADJ
cblr-9106	694	29	firms	firm	NOUN
cblr-9106	694	30	’	’	PART
cblr-9106	694	31	responses	response	NOUN
cblr-9106	694	32	to	to	ADP
cblr-9106	694	33	different	different	ADJ
cblr-9106	694	34	climate	climate	NOUN
cblr-9106	694	35	pathways	pathway	NOUN
cblr-9106	694	36	.	.	PUNCT
cblr-9106	695	1	the	the	DET
cblr-9106	695	2	tcfd	tcfd	NOUN
cblr-9106	695	3	incorporates	incorporate	VERB
cblr-9106	695	4	scenario	scenario	ADJ
cblr-9106	695	5	analysis	analysis	NOUN
cblr-9106	695	6	as	as	ADP
cblr-9106	695	7	a	a	DET
cblr-9106	695	8	way	way	NOUN
cblr-9106	695	9	for	for	SCONJ
cblr-9106	695	10	companies	company	NOUN
cblr-9106	695	11	and	and	CCONJ
cblr-9106	695	12	investors	investor	NOUN
cblr-9106	695	13	to	to	PART
cblr-9106	695	14	generate	generate	VERB
cblr-9106	695	15	forward	forward	ADV
cblr-9106	695	16	-	-	PUNCT
cblr-9106	695	17	looking	look	VERB
cblr-9106	695	18	information	information	NOUN
cblr-9106	695	19	about	about	ADP
cblr-9106	695	20	climate	climate	NOUN
cblr-9106	695	21	risks	risk	NOUN
cblr-9106	695	22	.	.	PUNCT
cblr-9106	696	1	according	accord	VERB
cblr-9106	696	2	to	to	ADP
cblr-9106	696	3	the	the	DET
cblr-9106	696	4	tcfd	tcfd	NOUN
cblr-9106	696	5	recommendations	recommendation	NOUN
cblr-9106	696	6	,	,	PUNCT
cblr-9106	696	7	companies	company	NOUN
cblr-9106	696	8	develop	develop	VERB
cblr-9106	696	9	their	their	PRON
cblr-9106	696	10	own	own	ADJ
cblr-9106	696	11	scenarios	scenario	NOUN
cblr-9106	696	12	and	and	CCONJ
cblr-9106	696	13	report	report	NOUN
cblr-9106	696	14	on	on	ADP
cblr-9106	696	15	the	the	DET
cblr-9106	696	16	risks	risk	NOUN
cblr-9106	696	17	(	(	PUNCT
cblr-9106	696	18	and	and	CCONJ
cblr-9106	696	19	opportunities	opportunity	NOUN
cblr-9106	696	20	)	)	PUNCT
cblr-9106	696	21	they	they	PRON
cblr-9106	696	22	would	would	AUX
cblr-9106	696	23	face.212	face.212	VERB
cblr-9106	696	24	scenarios	scenario	NOUN
cblr-9106	696	25	should	should	AUX
cblr-9106	696	26	cover	cover	VERB
cblr-9106	696	27	plausible	plausible	ADJ
cblr-9106	696	28	public	public	ADJ
cblr-9106	696	29	policy	policy	NOUN
cblr-9106	696	30	developments	development	NOUN
cblr-9106	696	31	,	,	PUNCT
cblr-9106	696	32	technological	technological	ADJ
cblr-9106	696	33	advances	advance	NOUN
cblr-9106	696	34	,	,	PUNCT
cblr-9106	696	35	and	and	CCONJ
cblr-9106	696	36	pathways	pathway	NOUN
cblr-9106	696	37	of	of	ADP
cblr-9106	696	38	physical	physical	ADJ
cblr-9106	696	39	and	and	CCONJ
cblr-9106	696	40	transition	transition	NOUN
cblr-9106	696	41	risks.213	risks.213	NOUN
cblr-9106	696	42	the	the	DET
cblr-9106	696	43	flaw	flaw	NOUN
cblr-9106	696	44	with	with	ADP
cblr-9106	696	45	this	this	DET
cblr-9106	696	46	approach	approach	NOUN
cblr-9106	696	47	is	be	AUX
cblr-9106	696	48	that	that	SCONJ
cblr-9106	696	49	the	the	DET
cblr-9106	696	50	scenarios	scenario	NOUN
cblr-9106	696	51	developed	develop	VERB
cblr-9106	696	52	are	be	AUX
cblr-9106	696	53	not	not	PART
cblr-9106	696	54	the	the	DET
cblr-9106	696	55	same	same	ADJ
cblr-9106	696	56	across	across	ADP
cblr-9106	696	57	firms	firm	NOUN
cblr-9106	696	58	,	,	PUNCT
cblr-9106	696	59	leading	lead	VERB
cblr-9106	696	60	to	to	ADP
cblr-9106	696	61	non	non	ADJ
cblr-9106	696	62	-	-	ADJ
cblr-9106	696	63	comparable	comparable	ADJ
cblr-9106	696	64	outputs	output	NOUN
cblr-9106	696	65	.	.	PUNCT
cblr-9106	697	1	but	but	CCONJ
cblr-9106	697	2	tcfd	tcfd	NOUN
cblr-9106	697	3	-	-	PUNCT
cblr-9106	697	4	aligned	align	VERB
cblr-9106	697	5	scenario	scenario	NOUN
cblr-9106	697	6	analysis	analysis	NOUN
cblr-9106	697	7	has	have	AUX
cblr-9106	697	8	so	so	ADV
cblr-9106	697	9	far	far	ADV
cblr-9106	697	10	failed	fail	VERB
cblr-9106	697	11	for	for	ADP
cblr-9106	697	12	more	more	ADV
cblr-9106	697	13	fundamental	fundamental	ADJ
cblr-9106	697	14	reasons	reason	NOUN
cblr-9106	697	15	.	.	PUNCT
cblr-9106	698	1	according	accord	VERB
cblr-9106	698	2	to	to	ADP
cblr-9106	698	3	a	a	DET
cblr-9106	698	4	2020	2020	NUM
cblr-9106	698	5	tcfd	tcfd	NOUN
cblr-9106	698	6	status	status	NOUN
cblr-9106	698	7	report	report	NOUN
cblr-9106	698	8	,	,	PUNCT
cblr-9106	698	9	only	only	ADV
cblr-9106	698	10	one	one	NUM
cblr-9106	698	11	in	in	ADP
cblr-9106	698	12	fifteen	fifteen	NUM
cblr-9106	698	13	of	of	ADP
cblr-9106	698	14	the	the	DET
cblr-9106	698	15	public	public	ADJ
cblr-9106	698	16	companies	company	NOUN
cblr-9106	698	17	surveyed	survey	VERB
cblr-9106	698	18	used	use	VERB
cblr-9106	698	19	scenario	scenario	NOUN
cblr-9106	698	20	analysis	analysis	NOUN
cblr-9106	698	21	to	to	PART
cblr-9106	698	22	evaluate	evaluate	VERB
cblr-9106	698	23	the	the	DET
cblr-9106	698	24	resilience	resilience	NOUN
cblr-9106	698	25	of	of	ADP
cblr-9106	698	26	their	their	PRON
cblr-9106	698	27	strategies	strategy	NOUN
cblr-9106	698	28	and	and	CCONJ
cblr-9106	698	29	even	even	ADV
cblr-9106	698	30	fewer	fewer	ADV
cblr-9106	698	31	disclosed	disclose	VERB
cblr-9106	698	32	them.214	them.214	PROPN
cblr-9106	698	33	of	of	ADP
cblr-9106	698	34	those	those	DET
cblr-9106	698	35	disclosing	disclose	VERB
cblr-9106	698	36	,	,	PUNCT
cblr-9106	698	37	only	only	ADV
cblr-9106	698	38	a	a	DET
cblr-9106	698	39	few	few	ADJ
cblr-9106	698	40	revealed	reveal	VERB
cblr-9106	698	41	the	the	DET
cblr-9106	698	42	assumptions	assumption	NOUN
cblr-9106	698	43	and	and	CCONJ
cblr-9106	698	44	parameters	parameter	NOUN
cblr-9106	698	45	used	use	VERB
cblr-9106	698	46	in	in	ADP
cblr-9106	698	47	the	the	DET
cblr-9106	698	48	analysis	analysis	NOUN
cblr-9106	698	49	or	or	CCONJ
cblr-9106	698	50	reported	report	VERB
cblr-9106	698	51	on	on	ADP
cblr-9106	698	52	the	the	DET
cblr-9106	698	53	risks	risk	NOUN
cblr-9106	698	54	and	and	CCONJ
cblr-9106	698	55	opportunities	opportunity	NOUN
cblr-9106	698	56	faced	face	VERB
cblr-9106	698	57	in	in	ADP
cblr-9106	698	58	these	these	DET
cblr-9106	698	59	scenarios.215	scenarios.215	NOUN
cblr-9106	698	60	in	in	ADP
cblr-9106	698	61	part	part	NOUN
cblr-9106	698	62	,	,	PUNCT
cblr-9106	698	63	this	this	PRON
cblr-9106	698	64	can	can	AUX
cblr-9106	698	65	be	be	AUX
cblr-9106	698	66	explained	explain	VERB
cblr-9106	698	67	by	by	ADP
cblr-9106	698	68	the	the	DET
cblr-9106	698	69	complexity	complexity	NOUN
cblr-9106	698	70	of	of	ADP
cblr-9106	698	71	formulating	formulate	VERB
cblr-9106	698	72	a	a	DET
cblr-9106	698	73	coherent	coherent	ADJ
cblr-9106	698	74	,	,	PUNCT
cblr-9106	698	75	plausible	plausible	ADJ
cblr-9106	698	76	scenario	scenario	NOUN
cblr-9106	698	77	and	and	CCONJ
cblr-9106	698	78	the	the	DET
cblr-9106	698	79	lack	lack	NOUN
cblr-9106	698	80	of	of	ADP
cblr-9106	698	81	available	available	ADJ
cblr-9106	698	82	data	datum	NOUN
cblr-9106	698	83	to	to	PART
cblr-9106	698	84	calibrate	calibrate	VERB
cblr-9106	698	85	analyses.216	analyses.216	NOUN
cblr-9106	698	86	the	the	DET
cblr-9106	698	87	tcfd	tcfd	NOUN
cblr-9106	698	88	has	have	AUX
cblr-9106	698	89	responded	respond	VERB
cblr-9106	698	90	to	to	ADP
cblr-9106	698	91	this	this	DET
cblr-9106	698	92	challenge	challenge	NOUN
cblr-9106	698	93	by	by	ADP
cblr-9106	698	94	212	212	NUM
cblr-9106	698	95	task	task	NOUN
cblr-9106	698	96	force	force	NOUN
cblr-9106	698	97	on	on	ADP
cblr-9106	698	98	climate	climate	NOUN
cblr-9106	698	99	-	-	PUNCT
cblr-9106	698	100	related	relate	VERB
cblr-9106	698	101	fin	fin	NOUN
cblr-9106	698	102	.	.	PUNCT
cblr-9106	699	1	disclosures	disclosure	NOUN
cblr-9106	699	2	,	,	PUNCT
cblr-9106	699	3	technical	technical	ADJ
cblr-9106	699	4	supplement	supplement	NOUN
cblr-9106	699	5	:	:	PUNCT
cblr-9106	699	6	the	the	DET
cblr-9106	699	7	use	use	NOUN
cblr-9106	699	8	of	of	ADP
cblr-9106	699	9	scenario	scenario	NOUN
cblr-9106	699	10	analysis	analysis	NOUN
cblr-9106	699	11	in	in	ADP
cblr-9106	699	12	disclosure	disclosure	NOUN
cblr-9106	699	13	of	of	ADP
cblr-9106	699	14	climaterelated	climaterelate	VERB
cblr-9106	699	15	risks	risk	NOUN
cblr-9106	699	16	and	and	CCONJ
cblr-9106	699	17	opportunities	opportunity	NOUN
cblr-9106	699	18	1–5	1–5	X
cblr-9106	699	19	(	(	PUNCT
cblr-9106	699	20	2017	2017	NUM
cblr-9106	699	21	)	)	PUNCT
cblr-9106	699	22	.	.	PUNCT
cblr-9106	700	1	213	213	NUM
cblr-9106	700	2	i	i	PRON
cblr-9106	700	3	d.	d.	PROPN
cblr-9106	700	4	214	214	NUM
cblr-9106	700	5	task	task	NOUN
cblr-9106	700	6	force	force	NOUN
cblr-9106	700	7	on	on	ADP
cblr-9106	700	8	climate	climate	NOUN
cblr-9106	700	9	-	-	PUNCT
cblr-9106	700	10	related	relate	VERB
cblr-9106	700	11	fin	fin	NOUN
cblr-9106	700	12	.	.	PUNCT
cblr-9106	701	1	disclosures	disclosure	NOUN
cblr-9106	701	2	,	,	PUNCT
cblr-9106	701	3	supra	supra	PROPN
cblr-9106	701	4	note	note	PROPN
cblr-9106	701	5	127	127	NUM
cblr-9106	701	6	,	,	PUNCT
cblr-9106	701	7	at	at	ADP
cblr-9106	701	8	12	12	NUM
cblr-9106	701	9	.	.	PUNCT
cblr-9106	702	1	215	215	NUM
cblr-9106	703	1	i	i	PRON
cblr-9106	703	2	d.	d.	PROPN
cblr-9106	703	3	216	216	NUM
cblr-9106	704	1	i	i	PRON
cblr-9106	704	2	d.	d.	PROPN
cblr-9106	704	3	at	at	ADP
cblr-9106	704	4	50–51	50–51	NUM
cblr-9106	704	5	.	.	PUNCT
cblr-9106	705	1	no	no	INTJ
cblr-9106	705	2	.	.	NOUN
cblr-9106	706	1	3:1085	3:1085	NUM
cblr-9106	706	2	]	]	X
cblr-9106	706	3	mandatory	mandatory	ADJ
cblr-9106	706	4	corporate	corporate	ADJ
cblr-9106	706	5	climate	climate	NOUN
cblr-9106	706	6	disclosures	disclosure	NOUN
cblr-9106	706	7	1137	1137	NUM
cblr-9106	706	8	setting	set	VERB
cblr-9106	706	9	up	up	ADP
cblr-9106	706	10	a	a	DET
cblr-9106	706	11	“	"	PUNCT
cblr-9106	706	12	knowledge	knowledge	NOUN
cblr-9106	706	13	hub	hub	NOUN
cblr-9106	706	14	”	"	PUNCT
cblr-9106	706	15	that	that	PRON
cblr-9106	706	16	provides	provide	VERB
cblr-9106	706	17	guidance	guidance	NOUN
cblr-9106	706	18	,	,	PUNCT
cblr-9106	706	19	research	research	NOUN
cblr-9106	706	20	,	,	PUNCT
cblr-9106	706	21	tools	tool	NOUN
cblr-9106	706	22	,	,	PUNCT
cblr-9106	706	23	standards	standard	NOUN
cblr-9106	706	24	,	,	PUNCT
cblr-9106	706	25	and	and	CCONJ
cblr-9106	706	26	frameworks	framework	NOUN
cblr-9106	706	27	that	that	PRON
cblr-9106	706	28	companies	company	NOUN
cblr-9106	706	29	can	can	AUX
cblr-9106	706	30	use	use	VERB
cblr-9106	706	31	to	to	PART
cblr-9106	706	32	inform	inform	VERB
cblr-9106	706	33	their	their	PRON
cblr-9106	706	34	own	own	ADJ
cblr-9106	706	35	processes.217	processes.217	NOUN
cblr-9106	706	36	however	however	ADV
cblr-9106	706	37	,	,	PUNCT
cblr-9106	706	38	there	there	PRON
cblr-9106	706	39	are	be	VERB
cblr-9106	706	40	at	at	ADV
cblr-9106	706	41	least	least	ADJ
cblr-9106	706	42	two	two	NUM
cblr-9106	706	43	serious	serious	ADJ
cblr-9106	706	44	challenges	challenge	NOUN
cblr-9106	706	45	that	that	PRON
cblr-9106	706	46	the	the	DET
cblr-9106	706	47	tcfd	tcfd	NOUN
cblr-9106	706	48	framework	framework	NOUN
cblr-9106	706	49	does	do	AUX
cblr-9106	706	50	not	not	PART
cblr-9106	706	51	resolve	resolve	VERB
cblr-9106	706	52	,	,	PUNCT
cblr-9106	706	53	many	many	ADJ
cblr-9106	706	54	of	of	ADP
cblr-9106	706	55	which	which	PRON
cblr-9106	706	56	stem	stem	VERB
cblr-9106	706	57	from	from	ADP
cblr-9106	706	58	coordination	coordination	NOUN
cblr-9106	706	59	problems	problem	NOUN
cblr-9106	706	60	.	.	PUNCT
cblr-9106	707	1	first	first	ADV
cblr-9106	707	2	,	,	PUNCT
cblr-9106	707	3	the	the	DET
cblr-9106	707	4	scenarios	scenario	NOUN
cblr-9106	707	5	may	may	AUX
cblr-9106	707	6	be	be	AUX
cblr-9106	707	7	designed	design	VERB
cblr-9106	707	8	opportunistically	opportunistically	ADV
cblr-9106	707	9	,	,	PUNCT
cblr-9106	707	10	to	to	PART
cblr-9106	707	11	paint	paint	VERB
cblr-9106	707	12	an	an	DET
cblr-9106	707	13	artificially	artificially	ADV
cblr-9106	707	14	rosy	rosy	ADJ
cblr-9106	707	15	picture	picture	NOUN
cblr-9106	707	16	of	of	ADP
cblr-9106	707	17	the	the	DET
cblr-9106	707	18	companies	company	NOUN
cblr-9106	707	19	’	'	PUNCT
cblr-9106	707	20	expected	expect	VERB
cblr-9106	707	21	fortunes	fortune	NOUN
cblr-9106	707	22	.	.	PUNCT
cblr-9106	708	1	second	second	ADJ
cblr-9106	708	2	,	,	PUNCT
cblr-9106	708	3	if	if	SCONJ
cblr-9106	708	4	firms	firm	NOUN
cblr-9106	708	5	use	use	VERB
cblr-9106	708	6	different	different	ADJ
cblr-9106	708	7	scenarios	scenario	NOUN
cblr-9106	708	8	when	when	SCONJ
cblr-9106	708	9	disclosing	disclose	VERB
cblr-9106	708	10	their	their	PRON
cblr-9106	708	11	transition	transition	NOUN
cblr-9106	708	12	risks	risk	NOUN
cblr-9106	708	13	,	,	PUNCT
cblr-9106	708	14	the	the	DET
cblr-9106	708	15	comparability	comparability	NOUN
cblr-9106	708	16	of	of	ADP
cblr-9106	708	17	disclosures	disclosure	NOUN
cblr-9106	708	18	suffers	suffer	VERB
cblr-9106	708	19	,	,	PUNCT
cblr-9106	708	20	which	which	PRON
cblr-9106	708	21	lowers	lower	VERB
cblr-9106	708	22	their	their	PRON
cblr-9106	708	23	information	information	NOUN
cblr-9106	708	24	value	value	NOUN
cblr-9106	708	25	.	.	PUNCT
cblr-9106	709	1	one	one	NUM
cblr-9106	709	2	way	way	NOUN
cblr-9106	709	3	to	to	PART
cblr-9106	709	4	make	make	VERB
cblr-9106	709	5	progress	progress	NOUN
cblr-9106	709	6	is	be	AUX
cblr-9106	709	7	to	to	PART
cblr-9106	709	8	require	require	VERB
cblr-9106	709	9	the	the	DET
cblr-9106	709	10	use	use	NOUN
cblr-9106	709	11	of	of	ADP
cblr-9106	709	12	standardized	standardized	ADJ
cblr-9106	709	13	scenarios	scenario	NOUN
cblr-9106	709	14	for	for	ADP
cblr-9106	709	15	firms	firm	NOUN
cblr-9106	709	16	’	'	PUNCT
cblr-9106	709	17	analyses	analysis	NOUN
cblr-9106	709	18	.	.	PUNCT
cblr-9106	710	1	as	as	SCONJ
cblr-9106	710	2	is	be	AUX
cblr-9106	710	3	the	the	DET
cblr-9106	710	4	case	case	NOUN
cblr-9106	710	5	with	with	ADP
cblr-9106	710	6	stress	stress	NOUN
cblr-9106	710	7	tests	test	NOUN
cblr-9106	710	8	in	in	ADP
cblr-9106	710	9	the	the	DET
cblr-9106	710	10	financial	financial	ADJ
cblr-9106	710	11	system,218	system,218	NOUN
cblr-9106	710	12	the	the	DET
cblr-9106	710	13	relevant	relevant	ADJ
cblr-9106	710	14	public	public	ADJ
cblr-9106	710	15	authority	authority	NOUN
cblr-9106	710	16	should	should	AUX
cblr-9106	710	17	be	be	AUX
cblr-9106	710	18	charged	charge	VERB
cblr-9106	710	19	with	with	ADP
cblr-9106	710	20	the	the	DET
cblr-9106	710	21	task	task	NOUN
cblr-9106	710	22	of	of	ADP
cblr-9106	710	23	periodically	periodically	ADV
cblr-9106	710	24	setting	set	VERB
cblr-9106	710	25	out	out	ADP
cblr-9106	710	26	the	the	DET
cblr-9106	710	27	scenarios	scenario	NOUN
cblr-9106	710	28	for	for	ADP
cblr-9106	710	29	transition	transition	NOUN
cblr-9106	710	30	risk	risk	NOUN
cblr-9106	710	31	assessment	assessment	NOUN
cblr-9106	710	32	.	.	PUNCT
cblr-9106	711	1	central	central	ADJ
cblr-9106	711	2	banks	bank	NOUN
cblr-9106	711	3	already	already	ADV
cblr-9106	711	4	collaborate	collaborate	VERB
cblr-9106	711	5	on	on	ADP
cblr-9106	711	6	the	the	DET
cblr-9106	711	7	development	development	NOUN
cblr-9106	711	8	of	of	ADP
cblr-9106	711	9	such	such	ADJ
cblr-9106	711	10	scenarios	scenario	NOUN
cblr-9106	711	11	for	for	ADP
cblr-9106	711	12	supervisory	supervisory	ADJ
cblr-9106	711	13	purposes,219	purposes,219	ADP
cblr-9106	711	14	which	which	PRON
cblr-9106	711	15	they	they	PRON
cblr-9106	711	16	could	could	AUX
cblr-9106	711	17	continue	continue	VERB
cblr-9106	711	18	to	to	PART
cblr-9106	711	19	do	do	VERB
cblr-9106	711	20	for	for	ADP
cblr-9106	711	21	disclosure	disclosure	NOUN
cblr-9106	711	22	purposes	purpose	NOUN
cblr-9106	711	23	to	to	PART
cblr-9106	711	24	ensure	ensure	VERB
cblr-9106	711	25	cross	cross	ADJ
cblr-9106	711	26	-	-	ADJ
cblr-9106	711	27	sector	sector	ADJ
cblr-9106	711	28	consistency	consistency	NOUN
cblr-9106	711	29	.	.	PUNCT
cblr-9106	712	1	such	such	ADJ
cblr-9106	712	2	coordinated	coordinated	ADJ
cblr-9106	712	3	scenarios	scenario	NOUN
cblr-9106	712	4	would	would	AUX
cblr-9106	712	5	lower	lower	VERB
cblr-9106	712	6	implementation	implementation	NOUN
cblr-9106	712	7	costs	cost	NOUN
cblr-9106	712	8	for	for	ADP
cblr-9106	712	9	issuers	issuer	NOUN
cblr-9106	712	10	,	,	PUNCT
cblr-9106	712	11	ensure	ensure	VERB
cblr-9106	712	12	alignment	alignment	NOUN
cblr-9106	712	13	with	with	ADP
cblr-9106	712	14	policy	policy	NOUN
cblr-9106	712	15	-	-	PUNCT
cblr-9106	712	16	relevant	relevant	ADJ
cblr-9106	712	17	transition	transition	NOUN
cblr-9106	712	18	pathways	pathway	NOUN
cblr-9106	712	19	,	,	PUNCT
cblr-9106	712	20	and	and	CCONJ
cblr-9106	712	21	facilitate	facilitate	NOUN
cblr-9106	712	22	comparability	comparability	NOUN
cblr-9106	712	23	of	of	ADP
cblr-9106	712	24	disclosures	disclosure	NOUN
cblr-9106	712	25	across	across	ADP
cblr-9106	712	26	companies	company	NOUN
cblr-9106	712	27	.	.	PUNCT
cblr-9106	713	1	a	a	DET
cblr-9106	713	2	centralized	centralized	ADJ
cblr-9106	713	3	approach	approach	NOUN
cblr-9106	713	4	could	could	AUX
cblr-9106	713	5	also	also	ADV
cblr-9106	713	6	enhance	enhance	VERB
cblr-9106	713	7	consistency	consistency	NOUN
cblr-9106	713	8	across	across	ADP
cblr-9106	713	9	disclosure	disclosure	NOUN
cblr-9106	713	10	demands	demand	NOUN
cblr-9106	713	11	from	from	ADP
cblr-9106	713	12	financial	financial	ADJ
cblr-9106	713	13	regulators	regulator	NOUN
cblr-9106	713	14	and	and	CCONJ
cblr-9106	713	15	other	other	ADJ
cblr-9106	713	16	authorities	authority	NOUN
cblr-9106	713	17	and	and	CCONJ
cblr-9106	713	18	thereby	thereby	ADV
cblr-9106	713	19	help	help	VERB
cblr-9106	713	20	ensure	ensure	VERB
cblr-9106	713	21	coherence	coherence	NOUN
cblr-9106	713	22	in	in	ADP
cblr-9106	713	23	disclosure	disclosure	NOUN
cblr-9106	713	24	requirements	requirement	NOUN
cblr-9106	713	25	along	along	ADP
cblr-9106	713	26	the	the	DET
cblr-9106	713	27	investment	investment	NOUN
cblr-9106	713	28	chain	chain	NOUN
cblr-9106	713	29	(	(	PUNCT
cblr-9106	713	30	from	from	ADP
cblr-9106	713	31	issuers	issuer	NOUN
cblr-9106	713	32	to	to	ADP
cblr-9106	713	33	asset	asset	NOUN
cblr-9106	713	34	managers	manager	NOUN
cblr-9106	713	35	217	217	NUM
cblr-9106	713	36	tcfd	tcfd	NOUN
cblr-9106	713	37	knowledge	knowledge	NOUN
cblr-9106	713	38	hub	hub	NOUN
cblr-9106	713	39	,	,	PUNCT
cblr-9106	713	40	task	task	NOUN
cblr-9106	713	41	force	force	NOUN
cblr-9106	713	42	on	on	ADP
cblr-9106	713	43	climate	climate	NOUN
cblr-9106	713	44	-	-	PUNCT
cblr-9106	713	45	related	relate	VERB
cblr-9106	713	46	financial	financial	ADJ
cblr-9106	713	47	disclosures	disclosure	NOUN
cblr-9106	713	48	,	,	PUNCT
cblr-9106	713	49	https://www.tcfdhub.org	https://www.tcfdhub.org	X
cblr-9106	714	1	[	[	X
cblr-9106	714	2	https://perma.cc/7prgr2a2	https://perma.cc/7prgr2a2	X
cblr-9106	714	3	]	]	X
cblr-9106	714	4	(	(	PUNCT
cblr-9106	714	5	last	last	ADV
cblr-9106	714	6	visited	visit	VERB
cblr-9106	714	7	dec	dec	PROPN
cblr-9106	714	8	.	.	PROPN
cblr-9106	714	9	15	15	NUM
cblr-9106	714	10	,	,	PUNCT
cblr-9106	714	11	2021	2021	NUM
cblr-9106	714	12	)	)	PUNCT
cblr-9106	714	13	.	.	PUNCT
cblr-9106	715	1	218	218	NUM
cblr-9106	715	2	stress	stress	NOUN
cblr-9106	715	3	tests	test	NOUN
cblr-9106	715	4	and	and	CCONJ
cblr-9106	715	5	capital	capital	NOUN
cblr-9106	715	6	planning	planning	NOUN
cblr-9106	715	7	,	,	PUNCT
cblr-9106	715	8	fed	fed	PROPN
cblr-9106	715	9	.	.	PUNCT
cblr-9106	715	10	rsrv	rsrv	PROPN
cblr-9106	715	11	.	.	PUNCT
cblr-9106	716	1	(	(	PUNCT
cblr-9106	716	2	last	last	ADJ
cblr-9106	716	3	updated	update	VERB
cblr-9106	716	4	aug	aug	PROPN
cblr-9106	716	5	.	.	PROPN
cblr-9106	716	6	5	5	NUM
cblr-9106	716	7	,	,	PUNCT
cblr-9106	716	8	2021	2021	NUM
cblr-9106	716	9	)	)	PUNCT
cblr-9106	716	10	,	,	PUNCT
cblr-9106	717	1	https://www.federalreserve.gov/supervisionreg/stress-tests-capitalplanning.htm	https://www.federalreserve.gov/supervisionreg/stress-tests-capitalplanning.htm	X
cblr-9106	718	1	[	[	X
cblr-9106	718	2	https://perma.cc/8d5w-8zq5	https://perma.cc/8d5w-8zq5	X
cblr-9106	718	3	]	]	PUNCT
cblr-9106	718	4	.	.	PUNCT
cblr-9106	719	1	219	219	NUM
cblr-9106	719	2	see	see	VERB
cblr-9106	719	3	,	,	PUNCT
cblr-9106	719	4	e.g.	e.g.	ADV
cblr-9106	719	5	,	,	PUNCT
cblr-9106	719	6	network	network	NOUN
cblr-9106	719	7	for	for	ADP
cblr-9106	719	8	greening	green	VERB
cblr-9106	719	9	the	the	DET
cblr-9106	719	10	fin	fin	NOUN
cblr-9106	719	11	.	.	PUNCT
cblr-9106	720	1	sys	sys	PROPN
cblr-9106	720	2	.	.	PROPN
cblr-9106	720	3	,	,	PUNCT
cblr-9106	720	4	ngfs	ngfs	PROPN
cblr-9106	720	5	climate	climate	NOUN
cblr-9106	720	6	scenarios	scenario	NOUN
cblr-9106	720	7	portal	portal	ADJ
cblr-9106	720	8	:	:	PUNCT
cblr-9106	720	9	the	the	DET
cblr-9106	720	10	future	future	NOUN
cblr-9106	720	11	is	be	AUX
cblr-9106	720	12	uncertain	uncertain	ADJ
cblr-9106	720	13	,	,	PUNCT
cblr-9106	720	14	https://www.ngfs.net/ngfsscenarios-portal/	https://www.ngfs.net/ngfsscenarios-portal/	PROPN
cblr-9106	721	1	[	[	X
cblr-9106	721	2	https://perma.cc/tg4y-a8g7	https://perma.cc/tg4y-a8g7	X
cblr-9106	721	3	]	]	X
cblr-9106	721	4	(	(	PUNCT
cblr-9106	721	5	last	last	ADV
cblr-9106	721	6	visited	visit	VERB
cblr-9106	721	7	dec	dec	PROPN
cblr-9106	721	8	.	.	PROPN
cblr-9106	721	9	16	16	NUM
cblr-9106	721	10	,	,	PUNCT
cblr-9106	721	11	2021	2021	NUM
cblr-9106	721	12	)	)	PUNCT
cblr-9106	721	13	(	(	PUNCT
cblr-9106	721	14	“	"	PUNCT
cblr-9106	721	15	[	[	X
cblr-9106	721	16	climate	climate	NOUN
cblr-9106	721	17	scenarios	scenario	NOUN
cblr-9106	721	18	]	]	PUNCT
cblr-9106	721	19	have	have	AUX
cblr-9106	721	20	been	be	AUX
cblr-9106	721	21	adapted	adapt	VERB
cblr-9106	721	22	by	by	ADP
cblr-9106	721	23	the	the	DET
cblr-9106	721	24	ngfs	ngfs	NOUN
cblr-9106	721	25	to	to	PART
cblr-9106	721	26	help	help	VERB
cblr-9106	721	27	central	central	ADJ
cblr-9106	721	28	banks	bank	NOUN
cblr-9106	721	29	and	and	CCONJ
cblr-9106	721	30	supervisors	supervisor	NOUN
cblr-9106	721	31	explore	explore	VERB
cblr-9106	721	32	the	the	DET
cblr-9106	721	33	possible	possible	ADJ
cblr-9106	721	34	impacts	impact	NOUN
cblr-9106	721	35	on	on	ADP
cblr-9106	721	36	the	the	DET
cblr-9106	721	37	economy	economy	NOUN
cblr-9106	721	38	and	and	CCONJ
cblr-9106	721	39	financial	financial	ADJ
cblr-9106	721	40	system	system	NOUN
cblr-9106	721	41	.	.	PUNCT
cblr-9106	721	42	”	"	PUNCT
cblr-9106	721	43	)	)	PUNCT
cblr-9106	721	44	.	.	PUNCT
cblr-9106	722	1	1138	1138	NUM
cblr-9106	722	2	columbia	columbia	PROPN
cblr-9106	722	3	business	business	PROPN
cblr-9106	722	4	law	law	PROPN
cblr-9106	722	5	review	review	NOUN
cblr-9106	722	6	[	[	X
cblr-9106	722	7	vol	vol	NOUN
cblr-9106	722	8	.	.	NOUN
cblr-9106	722	9	2021	2021	NUM
cblr-9106	722	10	and	and	CCONJ
cblr-9106	722	11	asset	asset	NOUN
cblr-9106	722	12	owners).220	owners).220	NOUN
cblr-9106	722	13	but	but	CCONJ
cblr-9106	722	14	companies	company	NOUN
cblr-9106	722	15	would	would	AUX
cblr-9106	722	16	still	still	ADV
cblr-9106	722	17	be	be	AUX
cblr-9106	722	18	able	able	ADJ
cblr-9106	722	19	(	(	PUNCT
cblr-9106	722	20	and	and	CCONJ
cblr-9106	722	21	in	in	ADP
cblr-9106	722	22	fact	fact	NOUN
cblr-9106	722	23	be	be	AUX
cblr-9106	722	24	encouraged	encourage	VERB
cblr-9106	722	25	)	)	PUNCT
cblr-9106	722	26	to	to	PART
cblr-9106	722	27	concomitantly	concomitantly	ADV
cblr-9106	722	28	publish	publish	VERB
cblr-9106	722	29	their	their	PRON
cblr-9106	722	30	own	own	ADJ
cblr-9106	722	31	scenarios	scenario	NOUN
cblr-9106	722	32	on	on	ADP
cblr-9106	722	33	a	a	DET
cblr-9106	722	34	voluntary	voluntary	ADJ
cblr-9106	722	35	basis	basis	NOUN
cblr-9106	722	36	,	,	PUNCT
cblr-9106	722	37	as	as	SCONJ
cblr-9106	722	38	some	some	PRON
cblr-9106	722	39	of	of	ADP
cblr-9106	722	40	them	they	PRON
cblr-9106	722	41	already	already	ADV
cblr-9106	722	42	do.221	do.221	VERB
cblr-9106	722	43	3	3	NUM
cblr-9106	723	1	.	.	PUNCT
cblr-9106	723	2	emissions	emission	NOUN
cblr-9106	723	3	the	the	DET
cblr-9106	723	4	tfcd	tfcd	PROPN
cblr-9106	723	5	recommends	recommend	VERB
cblr-9106	723	6	that	that	SCONJ
cblr-9106	723	7	firms	firm	NOUN
cblr-9106	723	8	always	always	ADV
cblr-9106	723	9	disclose	disclose	VERB
cblr-9106	723	10	scope	scope	NOUN
cblr-9106	723	11	1	1	NUM
cblr-9106	723	12	and	and	CCONJ
cblr-9106	723	13	scope	scope	NOUN
cblr-9106	723	14	2	2	NUM
cblr-9106	723	15	emissions	emission	NOUN
cblr-9106	723	16	,	,	PUNCT
cblr-9106	723	17	while	while	SCONJ
cblr-9106	723	18	scope	scope	NOUN
cblr-9106	723	19	3	3	NUM
cblr-9106	723	20	emissions	emission	NOUN
cblr-9106	723	21	are	be	AUX
cblr-9106	723	22	only	only	ADV
cblr-9106	723	23	recommended	recommend	VERB
cblr-9106	723	24	“	"	PUNCT
cblr-9106	723	25	where	where	SCONJ
cblr-9106	723	26	appropriate	appropriate	ADJ
cblr-9106	723	27	,	,	PUNCT
cblr-9106	723	28	”	"	PUNCT
cblr-9106	723	29	leaving	leave	VERB
cblr-9106	723	30	the	the	DET
cblr-9106	723	31	judgment	judgment	NOUN
cblr-9106	723	32	over	over	ADP
cblr-9106	723	33	“	"	PUNCT
cblr-9106	723	34	appropriateness	appropriateness	NOUN
cblr-9106	723	35	”	"	PUNCT
cblr-9106	723	36	to	to	ADP
cblr-9106	723	37	individual	individual	PROPN
cblr-9106	723	38	firms,222	firms,222	PROPN
cblr-9106	723	39	possibly	possibly	ADV
cblr-9106	723	40	in	in	ADP
cblr-9106	723	41	recognition	recognition	NOUN
cblr-9106	723	42	of	of	ADP
cblr-9106	723	43	the	the	DET
cblr-9106	723	44	difficulties	difficulty	NOUN
cblr-9106	723	45	in	in	ADP
cblr-9106	723	46	estimating	estimate	VERB
cblr-9106	723	47	such	such	ADJ
cblr-9106	723	48	type	type	NOUN
cblr-9106	723	49	of	of	ADP
cblr-9106	723	50	emissions.223	emissions.223	ADJ
cblr-9106	723	51	the	the	DET
cblr-9106	723	52	transition	transition	NOUN
cblr-9106	723	53	pathway	pathway	NOUN
cblr-9106	723	54	initiative	initiative	NOUN
cblr-9106	723	55	,	,	PUNCT
cblr-9106	723	56	which	which	PRON
cblr-9106	723	57	assesses	assess	VERB
cblr-9106	723	58	companies	company	NOUN
cblr-9106	723	59	’	'	PUNCT
cblr-9106	723	60	progress	progress	NOUN
cblr-9106	723	61	on	on	ADP
cblr-9106	723	62	the	the	DET
cblr-9106	723	63	transition	transition	NOUN
cblr-9106	723	64	to	to	ADP
cblr-9106	723	65	a	a	DET
cblr-9106	723	66	low	low	ADJ
cblr-9106	723	67	-	-	PUNCT
cblr-9106	723	68	carbon	carbon	NOUN
cblr-9106	723	69	economy	economy	NOUN
cblr-9106	723	70	,	,	PUNCT
cblr-9106	723	71	noted	note	VERB
cblr-9106	723	72	in	in	ADP
cblr-9106	723	73	its	its	PRON
cblr-9106	723	74	2021	2021	NUM
cblr-9106	723	75	report	report	NOUN
cblr-9106	723	76	that	that	SCONJ
cblr-9106	723	77	only	only	ADV
cblr-9106	723	78	fifty	fifty	NUM
cblr-9106	723	79	-	-	PUNCT
cblr-9106	723	80	nine	nine	NUM
cblr-9106	723	81	percent	percent	NOUN
cblr-9106	723	82	of	of	ADP
cblr-9106	723	83	the	the	DET
cblr-9106	723	84	companies	company	NOUN
cblr-9106	723	85	surveyed	survey	VERB
cblr-9106	723	86	disclose	disclose	VERB
cblr-9106	723	87	(	(	PUNCT
cblr-9106	723	88	some	some	PRON
cblr-9106	723	89	of	of	ADP
cblr-9106	723	90	)	)	PUNCT
cblr-9106	723	91	their	their	PRON
cblr-9106	723	92	scope	scope	NOUN
cblr-9106	723	93	3	3	NUM
cblr-9106	723	94	emissions	emission	NOUN
cblr-9106	723	95	,	,	PUNCT
cblr-9106	723	96	and	and	CCONJ
cblr-9106	723	97	only	only	ADV
cblr-9106	723	98	forty	forty	NUM
cblr-9106	723	99	-	-	PUNCT
cblr-9106	723	100	three	three	NUM
cblr-9106	723	101	percent	percent	NOUN
cblr-9106	723	102	disclose	disclose	VERB
cblr-9106	723	103	use	use	NOUN
cblr-9106	723	104	of	of	ADP
cblr-9106	723	105	product	product	NOUN
cblr-9106	723	106	emissions.224	emissions.224	X
cblr-9106	723	107	moreover	moreover	ADV
cblr-9106	723	108	,	,	PUNCT
cblr-9106	723	109	disclosure	disclosure	NOUN
cblr-9106	723	110	practices	practice	NOUN
cblr-9106	723	111	vary	vary	VERB
cblr-9106	723	112	widely	widely	ADV
cblr-9106	723	113	across	across	ADP
cblr-9106	723	114	sectors.225	sectors.225	NUM
cblr-9106	723	115	since	since	SCONJ
cblr-9106	723	116	the	the	DET
cblr-9106	723	117	recognition	recognition	NOUN
cblr-9106	723	118	of	of	ADP
cblr-9106	723	119	human	human	NOUN
cblr-9106	723	120	-	-	PUNCT
cblr-9106	723	121	induced	induce	VERB
cblr-9106	723	122	climate	climate	NOUN
cblr-9106	723	123	change	change	NOUN
cblr-9106	723	124	,	,	PUNCT
cblr-9106	723	125	most	most	ADJ
cblr-9106	723	126	global	global	ADJ
cblr-9106	723	127	carbon	carbon	NOUN
cblr-9106	723	128	emissions	emission	NOUN
cblr-9106	723	129	can	can	AUX
cblr-9106	723	130	be	be	AUX
cblr-9106	723	131	traced	trace	VERB
cblr-9106	723	132	to	to	ADP
cblr-9106	723	133	a	a	DET
cblr-9106	723	134	small	small	ADJ
cblr-9106	723	135	number	number	NOUN
cblr-9106	723	136	of	of	ADP
cblr-9106	723	137	corporate	corporate	ADJ
cblr-9106	723	138	and	and	CCONJ
cblr-9106	723	139	state	state	NOUN
cblr-9106	723	140	entities	entity	NOUN
cblr-9106	723	141	.	.	PUNCT
cblr-9106	724	1	a	a	DET
cblr-9106	724	2	small	small	ADJ
cblr-9106	724	3	subset	subset	NOUN
cblr-9106	724	4	of	of	ADP
cblr-9106	724	5	companies	company	NOUN
cblr-9106	724	6	220	220	NUM
cblr-9106	724	7	see	see	VERB
cblr-9106	724	8	fin	fin	NOUN
cblr-9106	724	9	.	.	PUNCT
cblr-9106	725	1	conduct	conduct	VERB
cblr-9106	725	2	auth	auth	PRON
cblr-9106	725	3	.	.	PUNCT
cblr-9106	725	4	,	,	PUNCT
cblr-9106	725	5	supra	supra	PROPN
cblr-9106	725	6	note	note	PROPN
cblr-9106	725	7	119	119	NUM
cblr-9106	725	8	,	,	PUNCT
cblr-9106	725	9	at	at	ADP
cblr-9106	725	10	36	36	NUM
cblr-9106	725	11	(	(	PUNCT
cblr-9106	725	12	advocating	advocate	VERB
cblr-9106	725	13	for	for	ADP
cblr-9106	725	14	an	an	DET
cblr-9106	725	15	international	international	ADJ
cblr-9106	725	16	reporting	reporting	NOUN
cblr-9106	725	17	standard	standard	NOUN
cblr-9106	725	18	)	)	PUNCT
cblr-9106	725	19	.	.	PUNCT
cblr-9106	726	1	221	221	NUM
cblr-9106	726	2	see	see	VERB
cblr-9106	726	3	,	,	PUNCT
cblr-9106	726	4	e.g.	e.g.	ADV
cblr-9106	726	5	,	,	PUNCT
cblr-9106	726	6	task	task	NOUN
cblr-9106	726	7	force	force	NOUN
cblr-9106	726	8	on	on	ADP
cblr-9106	726	9	climate	climate	NOUN
cblr-9106	726	10	-	-	PUNCT
cblr-9106	726	11	related	relate	VERB
cblr-9106	726	12	fin	fin	NOUN
cblr-9106	726	13	.	.	PUNCT
cblr-9106	727	1	disclosures	disclosure	NOUN
cblr-9106	727	2	,	,	PUNCT
cblr-9106	727	3	supra	supra	PROPN
cblr-9106	727	4	note	note	PROPN
cblr-9106	727	5	127	127	NUM
cblr-9106	727	6	,	,	PUNCT
cblr-9106	727	7	at	at	ADP
cblr-9106	727	8	52–66	52–66	NOUN
cblr-9106	727	9	(	(	PUNCT
cblr-9106	727	10	detailing	detail	VERB
cblr-9106	727	11	case	case	NOUN
cblr-9106	727	12	studies	study	NOUN
cblr-9106	727	13	of	of	ADP
cblr-9106	727	14	three	three	NUM
cblr-9106	727	15	financial	financial	ADJ
cblr-9106	727	16	sector	sector	NOUN
cblr-9106	727	17	organizations	organization	NOUN
cblr-9106	727	18	describing	describe	VERB
cblr-9106	727	19	their	their	PRON
cblr-9106	727	20	respective	respective	ADJ
cblr-9106	727	21	experiences	experience	NOUN
cblr-9106	727	22	in	in	ADP
cblr-9106	727	23	implementing	implement	VERB
cblr-9106	727	24	the	the	DET
cblr-9106	727	25	tcfd	tcfd	NOUN
cblr-9106	727	26	recommendations	recommendation	NOUN
cblr-9106	727	27	)	)	PUNCT
cblr-9106	727	28	.	.	PUNCT
cblr-9106	728	1	222	222	NUM
cblr-9106	728	2	see	see	VERB
cblr-9106	728	3	task	task	NOUN
cblr-9106	728	4	force	force	NOUN
cblr-9106	728	5	on	on	ADP
cblr-9106	728	6	climate	climate	NOUN
cblr-9106	728	7	-	-	PUNCT
cblr-9106	728	8	related	relate	VERB
cblr-9106	728	9	fin	fin	NOUN
cblr-9106	728	10	.	.	PUNCT
cblr-9106	729	1	disclosures	disclosure	NOUN
cblr-9106	729	2	,	,	PUNCT
cblr-9106	729	3	supra	supra	PROPN
cblr-9106	729	4	note	note	NOUN
cblr-9106	729	5	41	41	NUM
cblr-9106	729	6	,	,	PUNCT
cblr-9106	729	7	at	at	ADP
cblr-9106	729	8	22	22	NUM
cblr-9106	729	9	.	.	PUNCT
cblr-9106	729	10	223	223	NUM
cblr-9106	730	1	see	see	VERB
cblr-9106	730	2	i	i	PRON
cblr-9106	730	3	d.	d.	PROPN
cblr-9106	730	4	at	at	ADP
cblr-9106	730	5	36	36	NUM
cblr-9106	730	6	;	;	PUNCT
cblr-9106	730	7	see	see	VERB
cblr-9106	730	8	also	also	ADV
cblr-9106	730	9	robert	robert	PROPN
cblr-9106	730	10	s.	s.	PROPN
cblr-9106	730	11	kaplan	kaplan	PROPN
cblr-9106	730	12	&	&	CCONJ
cblr-9106	730	13	karthik	karthik	PROPN
cblr-9106	730	14	ramanna	ramanna	PROPN
cblr-9106	730	15	,	,	PUNCT
cblr-9106	730	16	accounting	account	VERB
cblr-9106	730	17	for	for	ADP
cblr-9106	730	18	climate	climate	NOUN
cblr-9106	730	19	change	change	NOUN
cblr-9106	730	20	,	,	PUNCT
cblr-9106	730	21	harv	harv	NOUN
cblr-9106	730	22	.	.	PUNCT
cblr-9106	731	1	bus	bus	NOUN
cblr-9106	731	2	.	.	PUNCT
cblr-9106	732	1	rev	rev	PROPN
cblr-9106	732	2	.	.	PROPN
cblr-9106	732	3	,	,	PUNCT
cblr-9106	732	4	nov.-dec	nov.-dec	PROPN
cblr-9106	732	5	.	.	PROPN
cblr-9106	732	6	2021	2021	NUM
cblr-9106	732	7	,	,	PUNCT
cblr-9106	732	8	at	at	ADP
cblr-9106	732	9	120	120	NUM
cblr-9106	732	10	,	,	PUNCT
cblr-9106	732	11	123	123	NUM
cblr-9106	732	12	(	(	PUNCT
cblr-9106	732	13	highlighting	highlight	VERB
cblr-9106	732	14	“	"	PUNCT
cblr-9106	732	15	the	the	DET
cblr-9106	732	16	difficulty	difficulty	NOUN
cblr-9106	732	17	of	of	ADP
cblr-9106	732	18	tracking	track	VERB
cblr-9106	732	19	emissions	emission	NOUN
cblr-9106	732	20	from	from	ADP
cblr-9106	732	21	multiple	multiple	ADJ
cblr-9106	732	22	suppliers	supplier	NOUN
cblr-9106	732	23	and	and	CCONJ
cblr-9106	732	24	customers	customer	NOUN
cblr-9106	732	25	across	across	ADP
cblr-9106	732	26	multitier	multitier	ADJ
cblr-9106	732	27	value	value	NOUN
cblr-9106	732	28	chains	chain	NOUN
cblr-9106	732	29	[	[	X
cblr-9106	732	30	,	,	PUNCT
cblr-9106	732	31	which	which	PRON
cblr-9106	732	32	]	]	PUNCT
cblr-9106	732	33	makes	make	VERB
cblr-9106	732	34	it	it	PRON
cblr-9106	732	35	virtually	virtually	ADV
cblr-9106	732	36	impossible	impossible	ADJ
cblr-9106	732	37	for	for	SCONJ
cblr-9106	732	38	a	a	DET
cblr-9106	732	39	company	company	NOUN
cblr-9106	732	40	to	to	PART
cblr-9106	732	41	reliably	reliably	ADV
cblr-9106	732	42	estimate	estimate	VERB
cblr-9106	732	43	its	its	PRON
cblr-9106	732	44	scope	scope	NOUN
cblr-9106	732	45	3	3	NUM
cblr-9106	732	46	numbers	number	NOUN
cblr-9106	732	47	.	.	PUNCT
cblr-9106	732	48	”	"	PUNCT
cblr-9106	732	49	)	)	PUNCT
cblr-9106	732	50	.	.	PUNCT
cblr-9106	733	1	224	224	NUM
cblr-9106	733	2	see	see	VERB
cblr-9106	733	3	transition	transition	NOUN
cblr-9106	733	4	pathway	pathway	NOUN
cblr-9106	733	5	initiative	initiative	NOUN
cblr-9106	733	6	,	,	PUNCT
cblr-9106	733	7	tpi	tpi	PROPN
cblr-9106	733	8	state	state	NOUN
cblr-9106	733	9	of	of	ADP
cblr-9106	733	10	transition	transition	NOUN
cblr-9106	733	11	report	report	NOUN
cblr-9106	733	12	2021	2021	NUM
cblr-9106	733	13	,	,	PUNCT
cblr-9106	733	14	at	at	ADP
cblr-9106	733	15	15	15	NUM
cblr-9106	733	16	(	(	PUNCT
cblr-9106	733	17	2021	2021	NUM
cblr-9106	733	18	)	)	PUNCT
cblr-9106	733	19	,	,	PUNCT
cblr-9106	733	20	https://www.transitionpathwayinitiative.org/publications/82.pdf?type=pub	https://www.transitionpathwayinitiative.org/publications/82.pdf?type=pub	VERB
cblr-9106	733	21	lication	lication	NOUN
cblr-9106	733	22	[	[	X
cblr-9106	733	23	https://perma.cc/wej3-gaxn	https://perma.cc/wej3-gaxn	X
cblr-9106	733	24	]	]	PUNCT
cblr-9106	733	25	.	.	PUNCT
cblr-9106	734	1	note	note	VERB
cblr-9106	734	2	that	that	SCONJ
cblr-9106	734	3	,	,	PUNCT
cblr-9106	734	4	according	accord	VERB
cblr-9106	734	5	to	to	ADP
cblr-9106	734	6	the	the	DET
cblr-9106	734	7	report	report	NOUN
cblr-9106	734	8	’s	’s	PART
cblr-9106	734	9	methodology	methodology	NOUN
cblr-9106	734	10	,	,	PUNCT
cblr-9106	734	11	a	a	DET
cblr-9106	734	12	company	company	NOUN
cblr-9106	734	13	can	can	AUX
cblr-9106	734	14	qualify	qualify	VERB
cblr-9106	734	15	as	as	ADP
cblr-9106	734	16	disclosing	disclose	VERB
cblr-9106	734	17	scope	scope	NOUN
cblr-9106	734	18	3	3	NUM
cblr-9106	734	19	emissions	emission	NOUN
cblr-9106	734	20	even	even	ADV
cblr-9106	734	21	if	if	SCONJ
cblr-9106	734	22	it	it	PRON
cblr-9106	734	23	only	only	ADV
cblr-9106	734	24	discloses	disclose	VERB
cblr-9106	734	25	“	"	PUNCT
cblr-9106	734	26	some	some	PRON
cblr-9106	734	27	”	"	PUNCT
cblr-9106	734	28	of	of	ADP
cblr-9106	734	29	its	its	PRON
cblr-9106	734	30	scope	scope	NOUN
cblr-9106	734	31	3	3	NUM
cblr-9106	734	32	emissions	emission	NOUN
cblr-9106	734	33	.	.	PUNCT
cblr-9106	735	1	i	i	PRON
cblr-9106	735	2	d.	d.	PROPN
cblr-9106	735	3	at	at	ADP
cblr-9106	735	4	38	38	NUM
cblr-9106	735	5	.	.	PUNCT
cblr-9106	736	1	225	225	NUM
cblr-9106	737	1	i	i	PRON
cblr-9106	737	2	d.	d.	PROPN
cblr-9106	737	3	at	at	ADP
cblr-9106	737	4	40	40	NUM
cblr-9106	737	5	app	app	NOUN
cblr-9106	737	6	.	.	PROPN
cblr-9106	738	1	2	2	NUM
cblr-9106	738	2	.	.	X
cblr-9106	738	3	no	no	INTJ
cblr-9106	738	4	.	.	NOUN
cblr-9106	739	1	3:1085	3:1085	NUM
cblr-9106	739	2	]	]	X
cblr-9106	739	3	mandatory	mandatory	ADJ
cblr-9106	739	4	corporate	corporate	ADJ
cblr-9106	739	5	climate	climate	NOUN
cblr-9106	739	6	disclosures	disclosure	NOUN
cblr-9106	739	7	1139	1139	NUM
cblr-9106	739	8	makes	make	VERB
cblr-9106	739	9	a	a	DET
cblr-9106	739	10	disproportionate	disproportionate	ADJ
cblr-9106	739	11	contribution	contribution	NOUN
cblr-9106	739	12	to	to	ADP
cblr-9106	739	13	total	total	ADJ
cblr-9106	739	14	anthropogenic	anthropogenic	ADJ
cblr-9106	739	15	carbon	carbon	NOUN
cblr-9106	739	16	emissions.226	emissions.226	NOUN
cblr-9106	739	17	it	it	PRON
cblr-9106	739	18	stands	stand	VERB
cblr-9106	739	19	to	to	PART
cblr-9106	739	20	reason	reason	NOUN
cblr-9106	739	21	that	that	SCONJ
cblr-9106	739	22	these	these	DET
cblr-9106	739	23	“	"	PUNCT
cblr-9106	739	24	systemically	systemically	ADV
cblr-9106	739	25	important	important	ADJ
cblr-9106	739	26	carbon	carbon	NOUN
cblr-9106	739	27	emitters	emitter	NOUN
cblr-9106	739	28	”	"	PUNCT
cblr-9106	739	29	(	(	PUNCT
cblr-9106	739	30	sices)227	sices)227	PROPN
cblr-9106	739	31	should	should	AUX
cblr-9106	739	32	not	not	PART
cblr-9106	739	33	be	be	AUX
cblr-9106	739	34	given	give	VERB
cblr-9106	739	35	the	the	DET
cblr-9106	739	36	discretion	discretion	NOUN
cblr-9106	739	37	to	to	PART
cblr-9106	739	38	determine	determine	VERB
cblr-9106	739	39	whether	whether	SCONJ
cblr-9106	739	40	disclosure	disclosure	NOUN
cblr-9106	739	41	of	of	ADP
cblr-9106	739	42	scope	scope	NOUN
cblr-9106	739	43	3	3	NUM
cblr-9106	739	44	emissions	emission	NOUN
cblr-9106	739	45	is	be	AUX
cblr-9106	739	46	“	"	PUNCT
cblr-9106	739	47	appropriate	appropriate	ADJ
cblr-9106	739	48	”	"	PUNCT
cblr-9106	739	49	for	for	ADP
cblr-9106	739	50	them	they	PRON
cblr-9106	739	51	,	,	PUNCT
cblr-9106	739	52	given	give	VERB
cblr-9106	739	53	their	their	PRON
cblr-9106	739	54	relevance	relevance	NOUN
cblr-9106	739	55	for	for	ADP
cblr-9106	739	56	understanding	understand	VERB
cblr-9106	739	57	both	both	CCONJ
cblr-9106	739	58	the	the	DET
cblr-9106	739	59	phenomenon	phenomenon	NOUN
cblr-9106	739	60	and	and	CCONJ
cblr-9106	739	61	the	the	DET
cblr-9106	739	62	dynamics	dynamic	NOUN
cblr-9106	739	63	of	of	ADP
cblr-9106	739	64	climate	climate	NOUN
cblr-9106	739	65	change	change	NOUN
cblr-9106	739	66	and	and	CCONJ
cblr-9106	739	67	individual	individual	ADJ
cblr-9106	739	68	sices	sice	NOUN
cblr-9106	739	69	’	'	PUNCT
cblr-9106	739	70	transition	transition	NOUN
cblr-9106	739	71	risk	risk	NOUN
cblr-9106	739	72	.	.	PUNCT
cblr-9106	740	1	additionally	additionally	ADV
cblr-9106	740	2	,	,	PUNCT
cblr-9106	740	3	requiring	require	VERB
cblr-9106	740	4	scope	scope	NOUN
cblr-9106	740	5	3	3	NUM
cblr-9106	740	6	emissions	emission	NOUN
cblr-9106	740	7	disclosure	disclosure	NOUN
cblr-9106	740	8	will	will	AUX
cblr-9106	740	9	reduce	reduce	VERB
cblr-9106	740	10	the	the	DET
cblr-9106	740	11	risk	risk	NOUN
cblr-9106	740	12	of	of	ADP
cblr-9106	740	13	disclosure	disclosure	NOUN
cblr-9106	740	14	rules	rule	NOUN
cblr-9106	740	15	avoidance	avoidance	NOUN
cblr-9106	740	16	by	by	ADP
cblr-9106	740	17	outsourcing	outsource	VERB
cblr-9106	740	18	“	"	PUNCT
cblr-9106	740	19	dirty	dirty	ADJ
cblr-9106	740	20	”	"	PUNCT
cblr-9106	740	21	activities	activity	NOUN
cblr-9106	740	22	along	along	ADP
cblr-9106	740	23	a	a	DET
cblr-9106	740	24	sice	sice	X
cblr-9106	740	25	’s	’s	NOUN
cblr-9106	740	26	supply	supply	NOUN
cblr-9106	740	27	chain	chain	NOUN
cblr-9106	740	28	,	,	PUNCT
cblr-9106	740	29	most	most	ADV
cblr-9106	740	30	likely	likely	ADJ
cblr-9106	740	31	in	in	ADP
cblr-9106	740	32	the	the	DET
cblr-9106	740	33	poorest	poor	ADJ
cblr-9106	740	34	countries	country	NOUN
cblr-9106	740	35	with	with	ADP
cblr-9106	740	36	the	the	DET
cblr-9106	740	37	least	least	ADJ
cblr-9106	740	38	advanced	advanced	ADJ
cblr-9106	740	39	corporate	corporate	ADJ
cblr-9106	740	40	climate	climate	NOUN
cblr-9106	740	41	disclosures	disclosure	NOUN
cblr-9106	740	42	.	.	PUNCT
cblr-9106	741	1	put	put	VERB
cblr-9106	741	2	in	in	ADP
cblr-9106	741	3	positive	positive	ADJ
cblr-9106	741	4	terms	term	NOUN
cblr-9106	741	5	,	,	PUNCT
cblr-9106	741	6	comprehensive	comprehensive	ADJ
cblr-9106	741	7	corporate	corporate	ADJ
cblr-9106	741	8	climate	climate	NOUN
cblr-9106	741	9	disclosures	disclosure	NOUN
cblr-9106	741	10	adopted	adopt	VERB
cblr-9106	741	11	in	in	ADP
cblr-9106	741	12	advanced	advanced	ADJ
cblr-9106	741	13	economies	economy	NOUN
cblr-9106	741	14	could	could	AUX
cblr-9106	741	15	aid	aid	VERB
cblr-9106	741	16	the	the	DET
cblr-9106	741	17	decarbonization	decarbonization	NOUN
cblr-9106	741	18	process	process	NOUN
cblr-9106	741	19	across	across	ADP
cblr-9106	741	20	global	global	ADJ
cblr-9106	741	21	supply	supply	NOUN
cblr-9106	741	22	chains.228	chains.228	PROPN
cblr-9106	741	23	4	4	NUM
cblr-9106	741	24	.	.	PUNCT
cblr-9106	741	25	net	net	ADJ
cblr-9106	741	26	-	-	PUNCT
cblr-9106	741	27	zero	zero	NUM
cblr-9106	741	28	pledges	pledge	NOUN
cblr-9106	741	29	sices	sice	NOUN
cblr-9106	741	30	will	will	AUX
cblr-9106	741	31	be	be	AUX
cblr-9106	741	32	linchpins	linchpin	NOUN
cblr-9106	741	33	in	in	ADP
cblr-9106	741	34	the	the	DET
cblr-9106	741	35	transition	transition	NOUN
cblr-9106	741	36	towards	towards	ADP
cblr-9106	741	37	a	a	DET
cblr-9106	741	38	loweremissions	loweremission	NOUN
cblr-9106	741	39	world	world	NOUN
cblr-9106	741	40	.	.	PUNCT
cblr-9106	742	1	on	on	ADP
cblr-9106	742	2	the	the	DET
cblr-9106	742	3	one	one	NUM
cblr-9106	742	4	hand	hand	NOUN
cblr-9106	742	5	,	,	PUNCT
cblr-9106	742	6	they	they	PRON
cblr-9106	742	7	will	will	AUX
cblr-9106	742	8	be	be	AUX
cblr-9106	742	9	heavily	heavily	ADV
cblr-9106	742	10	exposed	expose	VERB
cblr-9106	742	11	to	to	ADP
cblr-9106	742	12	it	it	PRON
cblr-9106	742	13	.	.	PUNCT
cblr-9106	743	1	on	on	ADP
cblr-9106	743	2	the	the	DET
cblr-9106	743	3	other	other	ADJ
cblr-9106	743	4	hand	hand	NOUN
cblr-9106	743	5	,	,	PUNCT
cblr-9106	743	6	they	they	PRON
cblr-9106	743	7	can	can	AUX
cblr-9106	743	8	catalyze	catalyze	VERB
cblr-9106	743	9	it	it	PRON
cblr-9106	743	10	with	with	ADP
cblr-9106	743	11	their	their	PRON
cblr-9106	743	12	strategic	strategic	ADJ
cblr-9106	743	13	choices	choice	NOUN
cblr-9106	743	14	.	.	PUNCT
cblr-9106	744	1	these	these	DET
cblr-9106	744	2	characteristics	characteristic	NOUN
cblr-9106	744	3	suggest	suggest	VERB
cblr-9106	744	4	that	that	SCONJ
cblr-9106	744	5	a	a	DET
cblr-9106	744	6	special	special	ADJ
cblr-9106	744	7	reporting	reporting	NOUN
cblr-9106	744	8	regime	regime	NOUN
cblr-9106	744	9	,	,	PUNCT
cblr-9106	744	10	one	one	NUM
cblr-9106	744	11	that	that	PRON
cblr-9106	744	12	not	not	PART
cblr-9106	744	13	only	only	ADV
cblr-9106	744	14	covers	cover	VERB
cblr-9106	744	15	financial	financial	ADJ
cblr-9106	744	16	risks	risk	NOUN
cblr-9106	744	17	and	and	CCONJ
cblr-9106	744	18	emissions	emission	NOUN
cblr-9106	744	19	but	but	CCONJ
cblr-9106	744	20	also	also	ADV
cblr-9106	744	21	makes	make	VERB
cblr-9106	744	22	explicit	explicit	ADJ
cblr-9106	744	23	the	the	DET
cblr-9106	744	24	transition	transition	NOUN
cblr-9106	744	25	plans	plan	NOUN
cblr-9106	744	26	that	that	SCONJ
cblr-9106	744	27	companies	company	NOUN
cblr-9106	744	28	may	may	AUX
cblr-9106	744	29	or	or	CCONJ
cblr-9106	744	30	may	may	AUX
cblr-9106	744	31	not	not	PART
cblr-9106	744	32	have	have	VERB
cblr-9106	744	33	,	,	PUNCT
cblr-9106	744	34	will	will	AUX
cblr-9106	744	35	be	be	AUX
cblr-9106	744	36	valuable	valuable	ADJ
cblr-9106	744	37	to	to	ADP
cblr-9106	744	38	investors	investor	NOUN
cblr-9106	744	39	and	and	CCONJ
cblr-9106	744	40	society	society	NOUN
cblr-9106	744	41	.	.	PUNCT
cblr-9106	745	1	the	the	DET
cblr-9106	745	2	tcfd	tcfd	NOUN
cblr-9106	745	3	recommends	recommend	VERB
cblr-9106	745	4	that	that	SCONJ
cblr-9106	745	5	firms	firm	NOUN
cblr-9106	745	6	“	"	PUNCT
cblr-9106	745	7	describe	describe	VERB
cblr-9106	745	8	their	their	PRON
cblr-9106	745	9	key	key	ADJ
cblr-9106	745	10	climate	climate	NOUN
cblr-9106	745	11	-	-	PUNCT
cblr-9106	745	12	related	relate	VERB
cblr-9106	745	13	targets	target	NOUN
cblr-9106	745	14	such	such	ADJ
cblr-9106	745	15	as	as	ADP
cblr-9106	745	16	those	those	DET
cblr-9106	745	17	226	226	NUM
cblr-9106	745	18	studies	study	NOUN
cblr-9106	745	19	estimate	estimate	VERB
cblr-9106	745	20	that	that	SCONJ
cblr-9106	745	21	up	up	ADP
cblr-9106	745	22	to	to	PART
cblr-9106	745	23	two	two	NUM
cblr-9106	745	24	-	-	PUNCT
cblr-9106	745	25	thirds	third	NOUN
cblr-9106	745	26	of	of	ADP
cblr-9106	745	27	emissions	emission	NOUN
cblr-9106	745	28	may	may	AUX
cblr-9106	745	29	have	have	AUX
cblr-9106	745	30	originated	originate	VERB
cblr-9106	745	31	in	in	ADP
cblr-9106	745	32	about	about	ADV
cblr-9106	745	33	ninety	ninety	NUM
cblr-9106	745	34	companies	company	NOUN
cblr-9106	745	35	.	.	PUNCT
cblr-9106	746	1	see	see	VERB
cblr-9106	746	2	,	,	PUNCT
cblr-9106	746	3	e.g.	e.g.	ADV
cblr-9106	746	4	,	,	PUNCT
cblr-9106	746	5	richard	richard	NOUN
cblr-9106	746	6	heede	heede	PROPN
cblr-9106	746	7	,	,	PUNCT
cblr-9106	746	8	tracing	trace	VERB
cblr-9106	746	9	anthropogenic	anthropogenic	ADJ
cblr-9106	746	10	carbon	carbon	NOUN
cblr-9106	746	11	dioxide	dioxide	NOUN
cblr-9106	746	12	and	and	CCONJ
cblr-9106	746	13	methane	methane	NOUN
cblr-9106	746	14	emissions	emission	NOUN
cblr-9106	746	15	to	to	ADP
cblr-9106	746	16	fossil	fossil	NOUN
cblr-9106	746	17	fuel	fuel	NOUN
cblr-9106	746	18	and	and	CCONJ
cblr-9106	746	19	cement	cement	NOUN
cblr-9106	746	20	producers	producer	NOUN
cblr-9106	746	21	,	,	PUNCT
cblr-9106	746	22	1854	1854	NUM
cblr-9106	746	23	-	-	SYM
cblr-9106	746	24	2010	2010	NUM
cblr-9106	746	25	,	,	PUNCT
cblr-9106	746	26	122	122	NUM
cblr-9106	746	27	climate	climate	NOUN
cblr-9106	746	28	change	change	NOUN
cblr-9106	746	29	229	229	NUM
cblr-9106	746	30	,	,	PUNCT
cblr-9106	746	31	231	231	NUM
cblr-9106	746	32	(	(	PUNCT
cblr-9106	746	33	2014	2014	NUM
cblr-9106	746	34	)	)	PUNCT
cblr-9106	746	35	;	;	PUNCT
cblr-9106	746	36	douglas	douglas	PROPN
cblr-9106	746	37	starr	starr	PROPN
cblr-9106	746	38	,	,	PUNCT
cblr-9106	746	39	supra	supra	PROPN
cblr-9106	746	40	note	note	NOUN
cblr-9106	746	41	28	28	NUM
cblr-9106	746	42	.	.	PUNCT
cblr-9106	747	1	227	227	NUM
cblr-9106	747	2	john	john	PROPN
cblr-9106	747	3	armour	armour	PROPN
cblr-9106	747	4	,	,	PUNCT
cblr-9106	747	5	luca	luca	PROPN
cblr-9106	747	6	enriques	enriques	PROPN
cblr-9106	747	7	&	&	CCONJ
cblr-9106	747	8	thom	thom	PROPN
cblr-9106	747	9	wetzer	wetzer	PROPN
cblr-9106	747	10	,	,	PUNCT
cblr-9106	747	11	corporate	corporate	ADJ
cblr-9106	747	12	carbon	carbon	NOUN
cblr-9106	747	13	reduction	reduction	NOUN
cblr-9106	747	14	pledges	pledge	NOUN
cblr-9106	747	15	:	:	PUNCT
cblr-9106	747	16	beyond	beyond	ADP
cblr-9106	747	17	greenwashing	greenwashing	NOUN
cblr-9106	747	18	,	,	PUNCT
cblr-9106	747	19	univ	univ	PROPN
cblr-9106	747	20	.	.	PROPN
cblr-9106	747	21	of	of	ADP
cblr-9106	747	22	oxford	oxford	PROPN
cblr-9106	747	23	faculty	faculty	NOUN
cblr-9106	747	24	of	of	ADP
cblr-9106	747	25	l.	l.	PROPN
cblr-9106	747	26	:	:	PUNCT
cblr-9106	747	27	oxford	oxford	PROPN
cblr-9106	747	28	bus	bus	NOUN
cblr-9106	747	29	.	.	PUNCT
cblr-9106	748	1	l.	l.	PROPN
cblr-9106	748	2	blog	blog	PROPN
cblr-9106	748	3	(	(	PUNCT
cblr-9106	748	4	july	july	PROPN
cblr-9106	748	5	2	2	NUM
cblr-9106	748	6	,	,	PUNCT
cblr-9106	748	7	2021	2021	NUM
cblr-9106	748	8	)	)	PUNCT
cblr-9106	748	9	,	,	PUNCT
cblr-9106	748	10	https://www.law.ox.ac.uk/business-lawblog/blog/2021/07/corporate-carbon-reduction-pledges-beyondgreenwashing	https://www.law.ox.ac.uk/business-lawblog/blog/2021/07/corporate-carbon-reduction-pledges-beyondgreenwashing	NOUN
cblr-9106	749	1	[	[	X
cblr-9106	749	2	https://perma.cc/nyv3-q5ay	https://perma.cc/nyv3-q5ay	X
cblr-9106	749	3	]	]	X
cblr-9106	749	4	(	(	PUNCT
cblr-9106	749	5	defining	define	VERB
cblr-9106	749	6	sices	sice	NOUN
cblr-9106	749	7	as	as	ADP
cblr-9106	749	8	a	a	DET
cblr-9106	749	9	category	category	NOUN
cblr-9106	749	10	of	of	ADP
cblr-9106	749	11	the	the	DET
cblr-9106	749	12	relatively	relatively	ADV
cblr-9106	749	13	small	small	ADJ
cblr-9106	749	14	number	number	NOUN
cblr-9106	749	15	of	of	ADP
cblr-9106	749	16	companies	company	NOUN
cblr-9106	749	17	that	that	PRON
cblr-9106	749	18	contribute	contribute	VERB
cblr-9106	749	19	to	to	ADP
cblr-9106	749	20	the	the	DET
cblr-9106	749	21	majority	majority	NOUN
cblr-9106	749	22	of	of	ADP
cblr-9106	749	23	global	global	ADJ
cblr-9106	749	24	carbon	carbon	NOUN
cblr-9106	749	25	emissions	emission	NOUN
cblr-9106	749	26	.	.	PUNCT
cblr-9106	749	27	)	)	PUNCT
cblr-9106	750	1	228	228	NUM
cblr-9106	750	2	mark	mark	PROPN
cblr-9106	750	3	carney	carney	PROPN
cblr-9106	750	4	,	,	PUNCT
cblr-9106	750	5	value(s	value(s	NOUN
cblr-9106	750	6	):	):	PUNCT
cblr-9106	750	7	building	build	VERB
cblr-9106	750	8	a	a	DET
cblr-9106	750	9	better	well	ADJ
cblr-9106	750	10	world	world	NOUN
cblr-9106	750	11	for	for	ADP
cblr-9106	750	12	all	all	PRON
cblr-9106	750	13	330	330	NUM
cblr-9106	750	14	(	(	PUNCT
cblr-9106	750	15	2021	2021	NUM
cblr-9106	750	16	)	)	PUNCT
cblr-9106	750	17	.	.	PUNCT
cblr-9106	751	1	1140	1140	NUM
cblr-9106	751	2	columbia	columbia	PROPN
cblr-9106	751	3	business	business	PROPN
cblr-9106	751	4	law	law	PROPN
cblr-9106	751	5	review	review	NOUN
cblr-9106	751	6	[	[	X
cblr-9106	751	7	vol	vol	NOUN
cblr-9106	751	8	.	.	PUNCT
cblr-9106	751	9	2021	2021	NUM
cblr-9106	751	10	related	relate	VERB
cblr-9106	751	11	to	to	ADP
cblr-9106	751	12	ghg	ghg	PROPN
cblr-9106	751	13	emissions	emission	NOUN
cblr-9106	751	14	,	,	PUNCT
cblr-9106	751	15	water	water	NOUN
cblr-9106	751	16	usage	usage	NOUN
cblr-9106	751	17	,	,	PUNCT
cblr-9106	751	18	energy	energy	NOUN
cblr-9106	751	19	usage	usage	NOUN
cblr-9106	751	20	,	,	PUNCT
cblr-9106	751	21	etc	etc	X
cblr-9106	751	22	.	.	X
cblr-9106	751	23	,	,	PUNCT
cblr-9106	751	24	in	in	ADP
cblr-9106	751	25	line	line	NOUN
cblr-9106	751	26	with	with	ADP
cblr-9106	751	27	anticipated	anticipate	VERB
cblr-9106	751	28	regulatory	regulatory	ADJ
cblr-9106	751	29	requirements	requirement	NOUN
cblr-9106	751	30	or	or	CCONJ
cblr-9106	751	31	market	market	NOUN
cblr-9106	751	32	constraints	constraint	NOUN
cblr-9106	751	33	or	or	CCONJ
cblr-9106	751	34	other	other	ADJ
cblr-9106	751	35	goals	goal	NOUN
cblr-9106	751	36	.	.	PUNCT
cblr-9106	751	37	”229	”229	PUNCT
cblr-9106	752	1	the	the	DET
cblr-9106	752	2	reference	reference	NOUN
cblr-9106	752	3	to	to	ADP
cblr-9106	752	4	“	"	PUNCT
cblr-9106	752	5	targets	target	NOUN
cblr-9106	752	6	”	"	PUNCT
cblr-9106	752	7	creates	create	VERB
cblr-9106	752	8	some	some	DET
cblr-9106	752	9	ambiguity	ambiguity	NOUN
cblr-9106	752	10	:	:	PUNCT
cblr-9106	752	11	is	be	AUX
cblr-9106	752	12	a	a	DET
cblr-9106	752	13	target	target	NOUN
cblr-9106	752	14	just	just	ADV
cblr-9106	752	15	something	something	PRON
cblr-9106	752	16	you	you	PRON
cblr-9106	752	17	aspire	aspire	VERB
cblr-9106	752	18	to	to	ADP
cblr-9106	752	19	or	or	CCONJ
cblr-9106	752	20	,	,	PUNCT
cblr-9106	752	21	more	more	ADV
cblr-9106	752	22	meaningfully	meaningfully	ADV
cblr-9106	752	23	,	,	PUNCT
cblr-9106	752	24	something	something	PRON
cblr-9106	752	25	you	you	PRON
cblr-9106	752	26	commit	commit	VERB
cblr-9106	752	27	to	to	ADP
cblr-9106	752	28	?	?	PUNCT
cblr-9106	753	1	companies	company	NOUN
cblr-9106	753	2	may	may	AUX
cblr-9106	753	3	exploit	exploit	VERB
cblr-9106	753	4	such	such	ADJ
cblr-9106	753	5	ambiguity	ambiguity	NOUN
cblr-9106	753	6	for	for	ADP
cblr-9106	753	7	greenwashing	greenwashing	NOUN
cblr-9106	753	8	purposes	purpose	NOUN
cblr-9106	753	9	.	.	PUNCT
cblr-9106	754	1	to	to	PART
cblr-9106	754	2	reduce	reduce	VERB
cblr-9106	754	3	this	this	DET
cblr-9106	754	4	risk	risk	NOUN
cblr-9106	754	5	,	,	PUNCT
cblr-9106	754	6	sices	sice	NOUN
cblr-9106	754	7	should	should	AUX
cblr-9106	754	8	be	be	AUX
cblr-9106	754	9	required	require	VERB
cblr-9106	754	10	to	to	PART
cblr-9106	754	11	disclose	disclose	VERB
cblr-9106	754	12	,	,	PUNCT
cblr-9106	754	13	in	in	ADP
cblr-9106	754	14	addition	addition	NOUN
cblr-9106	754	15	to	to	ADP
cblr-9106	754	16	their	their	PRON
cblr-9106	754	17	(	(	PUNCT
cblr-9106	754	18	emissions	emission	NOUN
cblr-9106	754	19	)	)	PUNCT
cblr-9106	754	20	targets	target	NOUN
cblr-9106	754	21	,	,	PUNCT
cblr-9106	754	22	whether	whether	SCONJ
cblr-9106	754	23	they	they	PRON
cblr-9106	754	24	have	have	VERB
cblr-9106	754	25	a	a	DET
cblr-9106	754	26	plan	plan	NOUN
cblr-9106	754	27	to	to	PART
cblr-9106	754	28	achieve	achieve	VERB
cblr-9106	754	29	those	those	DET
cblr-9106	754	30	targets	target	NOUN
cblr-9106	754	31	,	,	PUNCT
cblr-9106	754	32	and	and	CCONJ
cblr-9106	754	33	if	if	SCONJ
cblr-9106	754	34	so	so	ADV
cblr-9106	754	35	,	,	PUNCT
cblr-9106	754	36	what	what	PRON
cblr-9106	754	37	that	that	DET
cblr-9106	754	38	plan	plan	NOUN
cblr-9106	754	39	looks	look	VERB
cblr-9106	754	40	like	like	ADP
cblr-9106	754	41	,	,	PUNCT
cblr-9106	754	42	to	to	ADP
cblr-9106	754	43	what	what	DET
cblr-9106	754	44	extent	extent	NOUN
cblr-9106	754	45	they	they	PRON
cblr-9106	754	46	have	have	AUX
cblr-9106	754	47	made	make	VERB
cblr-9106	754	48	progress	progress	NOUN
cblr-9106	754	49	towards	towards	ADP
cblr-9106	754	50	achieving	achieve	VERB
cblr-9106	754	51	their	their	PRON
cblr-9106	754	52	targets	target	NOUN
cblr-9106	754	53	and	and	CCONJ
cblr-9106	754	54	how	how	SCONJ
cblr-9106	754	55	they	they	PRON
cblr-9106	754	56	have	have	AUX
cblr-9106	754	57	committed	commit	VERB
cblr-9106	754	58	to	to	ADP
cblr-9106	754	59	that	that	DET
cblr-9106	754	60	plan	plan	NOUN
cblr-9106	754	61	.	.	PUNCT
cblr-9106	755	1	an	an	DET
cblr-9106	755	2	increasing	increase	VERB
cblr-9106	755	3	number	number	NOUN
cblr-9106	755	4	of	of	ADP
cblr-9106	755	5	companies	company	NOUN
cblr-9106	755	6	—	—	PUNCT
cblr-9106	755	7	including	include	VERB
cblr-9106	755	8	those	those	PRON
cblr-9106	755	9	that	that	PRON
cblr-9106	755	10	would	would	AUX
cblr-9106	755	11	likely	likely	ADV
cblr-9106	755	12	be	be	AUX
cblr-9106	755	13	designated	designate	VERB
cblr-9106	755	14	as	as	ADP
cblr-9106	755	15	sices	sice	NOUN
cblr-9106	755	16	—	—	PUNCT
cblr-9106	755	17	do	do	AUX
cblr-9106	755	18	provide	provide	VERB
cblr-9106	755	19	some	some	DET
cblr-9106	755	20	information	information	NOUN
cblr-9106	755	21	about	about	ADP
cblr-9106	755	22	their	their	PRON
cblr-9106	755	23	targets	target	NOUN
cblr-9106	755	24	and	and	CCONJ
cblr-9106	755	25	the	the	DET
cblr-9106	755	26	strategies	strategy	NOUN
cblr-9106	755	27	to	to	PART
cblr-9106	755	28	pursue	pursue	VERB
cblr-9106	755	29	them,230	them,230	PRON
cblr-9106	755	30	which	which	PRON
cblr-9106	755	31	at	at	ADP
cblr-9106	755	32	first	first	ADJ
cblr-9106	755	33	glance	glance	NOUN
cblr-9106	755	34	may	may	AUX
cblr-9106	755	35	seem	seem	VERB
cblr-9106	755	36	to	to	PART
cblr-9106	755	37	obviate	obviate	VERB
cblr-9106	755	38	the	the	DET
cblr-9106	755	39	need	need	NOUN
cblr-9106	755	40	for	for	ADP
cblr-9106	755	41	mandatory	mandatory	ADJ
cblr-9106	755	42	disclosure	disclosure	NOUN
cblr-9106	755	43	in	in	ADP
cblr-9106	755	44	this	this	DET
cblr-9106	755	45	area	area	NOUN
cblr-9106	755	46	.	.	PUNCT
cblr-9106	756	1	but	but	CCONJ
cblr-9106	756	2	a	a	DET
cblr-9106	756	3	closer	close	ADJ
cblr-9106	756	4	look	look	NOUN
cblr-9106	756	5	at	at	ADP
cblr-9106	756	6	these	these	DET
cblr-9106	756	7	disclosures	disclosure	NOUN
cblr-9106	756	8	reveals	reveal	VERB
cblr-9106	756	9	that	that	SCONJ
cblr-9106	756	10	,	,	PUNCT
cblr-9106	756	11	even	even	ADV
cblr-9106	756	12	when	when	SCONJ
cblr-9106	756	13	targets	target	NOUN
cblr-9106	756	14	are	be	AUX
cblr-9106	756	15	presented	present	VERB
cblr-9106	756	16	as	as	ADP
cblr-9106	756	17	plans	plan	NOUN
cblr-9106	756	18	,	,	PUNCT
cblr-9106	756	19	they	they	PRON
cblr-9106	756	20	lack	lack	VERB
cblr-9106	756	21	specifics	specific	NOUN
cblr-9106	756	22	and	and	CCONJ
cblr-9106	756	23	interim	interim	ADJ
cblr-9106	756	24	milestones	milestone	NOUN
cblr-9106	756	25	.	.	PUNCT
cblr-9106	757	1	particularly	particularly	ADV
cblr-9106	757	2	when	when	SCONJ
cblr-9106	757	3	the	the	DET
cblr-9106	757	4	plans	plan	NOUN
cblr-9106	757	5	involve	involve	VERB
cblr-9106	757	6	“	"	PUNCT
cblr-9106	757	7	net	net	ADJ
cblr-9106	757	8	-	-	PUNCT
cblr-9106	757	9	zero	zero	NUM
cblr-9106	757	10	”	"	PUNCT
cblr-9106	757	11	targets	target	NOUN
cblr-9106	757	12	that	that	PRON
cblr-9106	757	13	allow	allow	VERB
cblr-9106	757	14	for	for	ADP
cblr-9106	757	15	negative	negative	ADJ
cblr-9106	757	16	emissions	emission	NOUN
cblr-9106	757	17	to	to	PART
cblr-9106	757	18	offset	offset	VERB
cblr-9106	757	19	emissions	emission	NOUN
cblr-9106	757	20	,	,	PUNCT
cblr-9106	757	21	they	they	PRON
cblr-9106	757	22	tend	tend	VERB
cblr-9106	757	23	to	to	PART
cblr-9106	757	24	rely	rely	VERB
cblr-9106	757	25	heavily	heavily	ADV
cblr-9106	757	26	on	on	ADP
cblr-9106	757	27	unproven	unproven	ADJ
cblr-9106	757	28	technology	technology	NOUN
cblr-9106	757	29	,	,	PUNCT
cblr-9106	757	30	rendering	render	VERB
cblr-9106	757	31	it	it	PRON
cblr-9106	757	32	difficult	difficult	ADJ
cblr-9106	757	33	for	for	SCONJ
cblr-9106	757	34	third	third	ADJ
cblr-9106	757	35	parties	party	NOUN
cblr-9106	757	36	to	to	PART
cblr-9106	757	37	track	track	VERB
cblr-9106	757	38	the	the	DET
cblr-9106	757	39	company	company	NOUN
cblr-9106	757	40	’s	’s	PART
cblr-9106	757	41	progress	progress	NOUN
cblr-9106	757	42	or	or	CCONJ
cblr-9106	757	43	to	to	PART
cblr-9106	757	44	assess	assess	VERB
cblr-9106	757	45	whether	whether	SCONJ
cblr-9106	757	46	such	such	ADJ
cblr-9106	757	47	plans	plan	NOUN
cblr-9106	757	48	are	be	AUX
cblr-9106	757	49	realistic.231	realistic.231	ADJ
cblr-9106	757	50	229	229	NUM
cblr-9106	757	51	task	task	NOUN
cblr-9106	757	52	force	force	NOUN
cblr-9106	757	53	on	on	ADP
cblr-9106	757	54	climate	climate	NOUN
cblr-9106	757	55	-	-	PUNCT
cblr-9106	757	56	related	relate	VERB
cblr-9106	757	57	fin	fin	NOUN
cblr-9106	757	58	.	.	PUNCT
cblr-9106	758	1	disclosures	disclosure	NOUN
cblr-9106	758	2	,	,	PUNCT
cblr-9106	758	3	implementing	implement	VERB
cblr-9106	758	4	the	the	DET
cblr-9106	758	5	recommendations	recommendation	NOUN
cblr-9106	758	6	of	of	ADP
cblr-9106	758	7	the	the	DET
cblr-9106	758	8	task	task	NOUN
cblr-9106	758	9	force	force	NOUN
cblr-9106	758	10	on	on	ADP
cblr-9106	758	11	climate	climate	NOUN
cblr-9106	758	12	-	-	PUNCT
cblr-9106	758	13	related	relate	VERB
cblr-9106	758	14	financial	financial	ADJ
cblr-9106	758	15	disclosures	disclosure	NOUN
cblr-9106	758	16	18	18	NUM
cblr-9106	758	17	(	(	PUNCT
cblr-9106	758	18	2017	2017	NUM
cblr-9106	758	19	)	)	PUNCT
cblr-9106	758	20	https://assets.bbhub.io/company/sites/60/2020/10/final-tcfd-annexamended-121517.pdf	https://assets.bbhub.io/company/sites/60/2020/10/final-tcfd-annexamended-121517.pdf	PROPN
cblr-9106	759	1	[	[	X
cblr-9106	759	2	https://perma.cc/7qjf-wpt7	https://perma.cc/7qjf-wpt7	X
cblr-9106	759	3	]	]	X
cblr-9106	759	4	.	.	PUNCT
cblr-9106	760	1	230	230	NUM
cblr-9106	760	2	see	see	NOUN
cblr-9106	760	3	armour	armour	NOUN
cblr-9106	760	4	et	et	PROPN
cblr-9106	760	5	al	al	PROPN
cblr-9106	760	6	.	.	PROPN
cblr-9106	760	7	,	,	PUNCT
cblr-9106	760	8	supra	supra	PROPN
cblr-9106	760	9	note	note	NOUN
cblr-9106	760	10	227	227	NUM
cblr-9106	760	11	.	.	NOUN
cblr-9106	760	12	231	231	NUM
cblr-9106	760	13	for	for	ADP
cblr-9106	760	14	example	example	NOUN
cblr-9106	760	15	,	,	PUNCT
cblr-9106	760	16	exxonmobil	exxonmobil	PROPN
cblr-9106	760	17	’s	’s	PART
cblr-9106	760	18	plans	plan	NOUN
cblr-9106	760	19	rely	rely	VERB
cblr-9106	760	20	heavily	heavily	ADV
cblr-9106	760	21	on	on	ADP
cblr-9106	760	22	carbon	carbon	NOUN
cblr-9106	760	23	capture	capture	NOUN
cblr-9106	760	24	to	to	PART
cblr-9106	760	25	offset	offset	VERB
cblr-9106	760	26	emissions	emission	NOUN
cblr-9106	760	27	.	.	PUNCT
cblr-9106	761	1	see	see	VERB
cblr-9106	761	2	exxonmobil	exxonmobil	PROPN
cblr-9106	761	3	,	,	PUNCT
cblr-9106	761	4	exxonmobil	exxonmobil	PROPN
cblr-9106	761	5	low	low	ADJ
cblr-9106	761	6	carbon	carbon	NOUN
cblr-9106	761	7	solutions	solution	NOUN
cblr-9106	761	8	to	to	PART
cblr-9106	761	9	commercialize	commercialize	VERB
cblr-9106	761	10	emission	emission	NOUN
cblr-9106	761	11	-	-	PUNCT
cblr-9106	761	12	reduction	reduction	NOUN
cblr-9106	761	13	technology	technology	NOUN
cblr-9106	761	14	,	,	PUNCT
cblr-9106	761	15	press	press	NOUN
cblr-9106	761	16	release	release	NOUN
cblr-9106	761	17	,	,	PUNCT
cblr-9106	761	18	feb	feb	PROPN
cblr-9106	761	19	1	1	NUM
cblr-9106	761	20	,	,	PUNCT
cblr-9106	761	21	2021	2021	NUM
cblr-9106	761	22	,	,	PUNCT
cblr-9106	761	23	https://corporate.exxonmobil.com/news/newsroom/newsreleases/2021/0201_exxonmobil-low-carbon-solutions-to-commercializeemission-reduction-technology	https://corporate.exxonmobil.com/news/newsroom/newsreleases/2021/0201_exxonmobil-low-carbon-solutions-to-commercializeemission-reduction-technology	NOUN
cblr-9106	761	24	.	.	PUNCT
cblr-9106	762	1	in	in	ADP
cblr-9106	762	2	theory	theory	NOUN
cblr-9106	762	3	,	,	PUNCT
cblr-9106	762	4	carbon	carbon	NOUN
cblr-9106	762	5	capture	capture	NOUN
cblr-9106	762	6	would	would	AUX
cblr-9106	762	7	permit	permit	VERB
cblr-9106	762	8	the	the	DET
cblr-9106	762	9	firm	firm	NOUN
cblr-9106	762	10	to	to	PART
cblr-9106	762	11	retain	retain	VERB
cblr-9106	762	12	its	its	PRON
cblr-9106	762	13	existing	exist	VERB
cblr-9106	762	14	fossil	fossil	NOUN
cblr-9106	762	15	-	-	PUNCT
cblr-9106	762	16	fuel	fuel	NOUN
cblr-9106	762	17	based	base	VERB
cblr-9106	762	18	business	business	NOUN
cblr-9106	762	19	model	model	NOUN
cblr-9106	762	20	but	but	CCONJ
cblr-9106	762	21	have	have	VERB
cblr-9106	762	22	the	the	DET
cblr-9106	762	23	net	net	ADJ
cblr-9106	762	24	emissions	emission	NOUN
cblr-9106	762	25	reduced	reduce	VERB
cblr-9106	762	26	to	to	ADP
cblr-9106	762	27	zero	zero	NUM
cblr-9106	762	28	.	.	PUNCT
cblr-9106	763	1	however	however	ADV
cblr-9106	763	2	,	,	PUNCT
cblr-9106	763	3	carbon	carbon	NOUN
cblr-9106	763	4	capture	capture	NOUN
cblr-9106	763	5	relies	rely	VERB
cblr-9106	763	6	on	on	ADP
cblr-9106	763	7	untested	untested	ADJ
cblr-9106	763	8	and	and	CCONJ
cblr-9106	763	9	unproven	unproven	ADJ
cblr-9106	763	10	technology	technology	NOUN
cblr-9106	763	11	,	,	PUNCT
cblr-9106	763	12	the	the	DET
cblr-9106	763	13	developmental	developmental	ADJ
cblr-9106	763	14	track	track	NOUN
cblr-9106	763	15	record	record	NOUN
cblr-9106	763	16	of	of	ADP
cblr-9106	763	17	which	which	PRON
cblr-9106	763	18	has	have	AUX
cblr-9106	763	19	so	so	ADV
cblr-9106	763	20	far	far	ADV
cblr-9106	763	21	been	be	AUX
cblr-9106	763	22	disappointingly	disappointingly	ADV
cblr-9106	763	23	slow	slow	ADJ
cblr-9106	763	24	.	.	PUNCT
cblr-9106	764	1	this	this	PRON
cblr-9106	764	2	suggests	suggest	VERB
cblr-9106	764	3	that	that	SCONJ
cblr-9106	764	4	reliance	reliance	NOUN
cblr-9106	764	5	primarily	primarily	ADV
cblr-9106	764	6	on	on	ADP
cblr-9106	764	7	carbon	carbon	NOUN
cblr-9106	764	8	capture	capture	NOUN
cblr-9106	764	9	,	,	PUNCT
cblr-9106	764	10	without	without	ADP
cblr-9106	764	11	major	major	ADJ
cblr-9106	764	12	change	change	NOUN
cblr-9106	764	13	in	in	ADP
cblr-9106	764	14	the	the	DET
cblr-9106	764	15	emissions	emission	NOUN
cblr-9106	764	16	associated	associate	VERB
cblr-9106	764	17	with	with	ADP
cblr-9106	764	18	no	no	NOUN
cblr-9106	764	19	.	.	NOUN
cblr-9106	765	1	3:1085	3:1085	NUM
cblr-9106	765	2	]	]	X
cblr-9106	765	3	mandatory	mandatory	ADJ
cblr-9106	765	4	corporate	corporate	ADJ
cblr-9106	765	5	climate	climate	NOUN
cblr-9106	765	6	disclosures	disclosure	NOUN
cblr-9106	765	7	1141	1141	NUM
cblr-9106	765	8	a	a	DET
cblr-9106	765	9	mandatory	mandatory	ADJ
cblr-9106	765	10	reporting	reporting	NOUN
cblr-9106	765	11	regime	regime	NOUN
cblr-9106	765	12	can	can	AUX
cblr-9106	765	13	be	be	AUX
cblr-9106	765	14	instrumental	instrumental	ADJ
cblr-9106	765	15	to	to	ADP
cblr-9106	765	16	enabling	enable	VERB
cblr-9106	765	17	outsiders	outsider	NOUN
cblr-9106	765	18	to	to	PART
cblr-9106	765	19	distinguish	distinguish	VERB
cblr-9106	765	20	between	between	ADP
cblr-9106	765	21	companies	company	NOUN
cblr-9106	765	22	credibly	credibly	ADV
cblr-9106	765	23	committed	commit	VERB
cblr-9106	765	24	to	to	ADP
cblr-9106	765	25	net	net	ADJ
cblr-9106	765	26	-	-	PUNCT
cblr-9106	765	27	zero	zero	NUM
cblr-9106	765	28	targets	target	NOUN
cblr-9106	765	29	and	and	CCONJ
cblr-9106	765	30	greenwashing	greenwashing	NOUN
cblr-9106	765	31	ones	one	NOUN
cblr-9106	765	32	.	.	PUNCT
cblr-9106	766	1	the	the	DET
cblr-9106	766	2	first	first	ADJ
cblr-9106	766	3	element	element	NOUN
cblr-9106	766	4	of	of	ADP
cblr-9106	766	5	this	this	DET
cblr-9106	766	6	regime	regime	NOUN
cblr-9106	766	7	is	be	AUX
cblr-9106	766	8	a	a	DET
cblr-9106	766	9	requirement	requirement	NOUN
cblr-9106	766	10	that	that	SCONJ
cblr-9106	766	11	companies	company	NOUN
cblr-9106	766	12	disclose	disclose	VERB
cblr-9106	766	13	whether	whether	SCONJ
cblr-9106	766	14	they	they	PRON
cblr-9106	766	15	have	have	AUX
cblr-9106	766	16	undertaken	undertake	VERB
cblr-9106	766	17	an	an	DET
cblr-9106	766	18	emission	emission	NOUN
cblr-9106	766	19	-	-	PUNCT
cblr-9106	766	20	reduction	reduction	NOUN
cblr-9106	766	21	commitment	commitment	NOUN
cblr-9106	766	22	,	,	PUNCT
cblr-9106	766	23	for	for	ADP
cblr-9106	766	24	example	example	NOUN
cblr-9106	766	25	,	,	PUNCT
cblr-9106	766	26	one	one	NOUN
cblr-9106	766	27	that	that	PRON
cblr-9106	766	28	is	be	AUX
cblr-9106	766	29	aligned	align	VERB
cblr-9106	766	30	with	with	ADP
cblr-9106	766	31	the	the	DET
cblr-9106	766	32	goals	goal	NOUN
cblr-9106	766	33	of	of	ADP
cblr-9106	766	34	the	the	DET
cblr-9106	766	35	paris	paris	PROPN
cblr-9106	766	36	agreement	agreement	NOUN
cblr-9106	766	37	.	.	PUNCT
cblr-9106	767	1	if	if	SCONJ
cblr-9106	767	2	the	the	DET
cblr-9106	767	3	company	company	NOUN
cblr-9106	767	4	does	do	AUX
cblr-9106	767	5	not	not	PART
cblr-9106	767	6	have	have	VERB
cblr-9106	767	7	a	a	DET
cblr-9106	767	8	commitment	commitment	NOUN
cblr-9106	767	9	that	that	PRON
cblr-9106	767	10	meets	meet	VERB
cblr-9106	767	11	the	the	DET
cblr-9106	767	12	threshold	threshold	NOUN
cblr-9106	767	13	,	,	PUNCT
cblr-9106	767	14	it	it	PRON
cblr-9106	767	15	should	should	AUX
cblr-9106	767	16	be	be	AUX
cblr-9106	767	17	required	require	VERB
cblr-9106	767	18	to	to	PART
cblr-9106	767	19	explain	explain	VERB
cblr-9106	767	20	why	why	SCONJ
cblr-9106	767	21	it	it	PRON
cblr-9106	767	22	does	do	AUX
cblr-9106	767	23	not	not	PART
cblr-9106	767	24	have	have	VERB
cblr-9106	767	25	such	such	DET
cblr-9106	767	26	a	a	DET
cblr-9106	767	27	plan	plan	NOUN
cblr-9106	767	28	in	in	ADP
cblr-9106	767	29	place	place	NOUN
cblr-9106	767	30	.	.	PUNCT
cblr-9106	768	1	companies	company	NOUN
cblr-9106	768	2	that	that	PRON
cblr-9106	768	3	indicate	indicate	VERB
cblr-9106	768	4	they	they	PRON
cblr-9106	768	5	do	do	AUX
cblr-9106	768	6	have	have	VERB
cblr-9106	768	7	a	a	DET
cblr-9106	768	8	commitment	commitment	NOUN
cblr-9106	768	9	will	will	AUX
cblr-9106	768	10	have	have	VERB
cblr-9106	768	11	to	to	PART
cblr-9106	768	12	specify	specify	VERB
cblr-9106	768	13	their	their	PRON
cblr-9106	768	14	plans	plan	NOUN
cblr-9106	768	15	for	for	ADP
cblr-9106	768	16	meeting	meet	VERB
cblr-9106	768	17	it	it	PRON
cblr-9106	768	18	,	,	PUNCT
cblr-9106	768	19	which	which	PRON
cblr-9106	768	20	should	should	AUX
cblr-9106	768	21	include	include	VERB
cblr-9106	768	22	interim	interim	ADJ
cblr-9106	768	23	milestones	milestone	NOUN
cblr-9106	768	24	,	,	PUNCT
cblr-9106	768	25	a	a	DET
cblr-9106	768	26	financial	financial	ADJ
cblr-9106	768	27	analysis	analysis	NOUN
cblr-9106	768	28	showing	show	VERB
cblr-9106	768	29	how	how	SCONJ
cblr-9106	768	30	the	the	DET
cblr-9106	768	31	plan	plan	NOUN
cblr-9106	768	32	ties	tie	VERB
cblr-9106	768	33	in	in	ADP
cblr-9106	768	34	with	with	ADP
cblr-9106	768	35	its	its	PRON
cblr-9106	768	36	business	business	NOUN
cblr-9106	768	37	strategy	strategy	NOUN
cblr-9106	768	38	,	,	PUNCT
cblr-9106	768	39	and	and	CCONJ
cblr-9106	768	40	an	an	DET
cblr-9106	768	41	explanation	explanation	NOUN
cblr-9106	768	42	of	of	ADP
cblr-9106	768	43	the	the	DET
cblr-9106	768	44	assumptions	assumption	NOUN
cblr-9106	768	45	upon	upon	SCONJ
cblr-9106	768	46	which	which	PRON
cblr-9106	768	47	the	the	DET
cblr-9106	768	48	plan	plan	NOUN
cblr-9106	768	49	is	be	AUX
cblr-9106	768	50	premised	premise	VERB
cblr-9106	768	51	.	.	PUNCT
cblr-9106	769	1	finally	finally	ADV
cblr-9106	769	2	,	,	PUNCT
cblr-9106	769	3	the	the	DET
cblr-9106	769	4	company	company	NOUN
cblr-9106	769	5	will	will	AUX
cblr-9106	769	6	have	have	VERB
cblr-9106	769	7	to	to	PART
cblr-9106	769	8	disclose	disclose	VERB
cblr-9106	769	9	how	how	SCONJ
cblr-9106	769	10	it	it	PRON
cblr-9106	769	11	commits	commit	VERB
cblr-9106	769	12	to	to	ADP
cblr-9106	769	13	delivering	deliver	VERB
cblr-9106	769	14	on	on	ADP
cblr-9106	769	15	the	the	DET
cblr-9106	769	16	plan	plan	NOUN
cblr-9106	769	17	and	and	CCONJ
cblr-9106	769	18	what	what	PRON
cblr-9106	769	19	the	the	DET
cblr-9106	769	20	consequences	consequence	NOUN
cblr-9106	769	21	are	be	AUX
cblr-9106	769	22	,	,	PUNCT
cblr-9106	769	23	if	if	SCONJ
cblr-9106	769	24	any	any	PRON
cblr-9106	769	25	,	,	PUNCT
cblr-9106	769	26	of	of	ADP
cblr-9106	769	27	failing	fail	VERB
cblr-9106	769	28	to	to	PART
cblr-9106	769	29	meet	meet	VERB
cblr-9106	769	30	milestones	milestone	NOUN
cblr-9106	769	31	or	or	CCONJ
cblr-9106	769	32	abandoning	abandon	VERB
cblr-9106	769	33	the	the	DET
cblr-9106	769	34	plan	plan	NOUN
cblr-9106	769	35	.	.	PUNCT
cblr-9106	770	1	for	for	ADP
cblr-9106	770	2	example	example	NOUN
cblr-9106	770	3	,	,	PUNCT
cblr-9106	770	4	the	the	DET
cblr-9106	770	5	securities	security	NOUN
cblr-9106	770	6	issued	issue	VERB
cblr-9106	770	7	to	to	PART
cblr-9106	770	8	finance	finance	VERB
cblr-9106	770	9	the	the	DET
cblr-9106	770	10	plan	plan	NOUN
cblr-9106	770	11	could	could	AUX
cblr-9106	770	12	include	include	VERB
cblr-9106	770	13	clauses	clause	NOUN
cblr-9106	770	14	,	,	PUNCT
cblr-9106	770	15	again	again	ADV
cblr-9106	770	16	tied	tie	VERB
cblr-9106	770	17	to	to	ADP
cblr-9106	770	18	interim	interim	ADJ
cblr-9106	770	19	milestones	milestone	NOUN
cblr-9106	770	20	,	,	PUNCT
cblr-9106	770	21	that	that	SCONJ
cblr-9106	770	22	hike	hike	NOUN
cblr-9106	770	23	interest	interest	NOUN
cblr-9106	770	24	rates	rate	NOUN
cblr-9106	770	25	when	when	SCONJ
cblr-9106	770	26	the	the	DET
cblr-9106	770	27	company	company	NOUN
cblr-9106	770	28	does	do	AUX
cblr-9106	770	29	not	not	PART
cblr-9106	770	30	deliver	deliver	VERB
cblr-9106	770	31	on	on	ADP
cblr-9106	770	32	its	its	PRON
cblr-9106	770	33	promises.232	promises.232	NOUN
cblr-9106	770	34	the	the	DET
cblr-9106	770	35	transparency	transparency	NOUN
cblr-9106	770	36	and	and	CCONJ
cblr-9106	770	37	consistency	consistency	NOUN
cblr-9106	770	38	of	of	ADP
cblr-9106	770	39	this	this	DET
cblr-9106	770	40	regime	regime	NOUN
cblr-9106	770	41	would	would	AUX
cblr-9106	770	42	lower	lower	VERB
cblr-9106	770	43	the	the	DET
cblr-9106	770	44	incentives	incentive	NOUN
cblr-9106	770	45	for	for	SCONJ
cblr-9106	770	46	companies	company	NOUN
cblr-9106	770	47	to	to	PART
cblr-9106	770	48	make	make	VERB
cblr-9106	770	49	meaningless	meaningless	ADJ
cblr-9106	770	50	promises	promise	NOUN
cblr-9106	770	51	to	to	PART
cblr-9106	770	52	reduce	reduce	VERB
cblr-9106	770	53	emissions	emission	NOUN
cblr-9106	770	54	,	,	PUNCT
cblr-9106	770	55	thereby	thereby	ADV
cblr-9106	770	56	creating	create	VERB
cblr-9106	770	57	a	a	DET
cblr-9106	770	58	separating	separate	VERB
cblr-9106	770	59	equilibrium	equilibrium	NOUN
cblr-9106	770	60	that	that	PRON
cblr-9106	770	61	would	would	AUX
cblr-9106	770	62	help	help	VERB
cblr-9106	770	63	investors	investor	NOUN
cblr-9106	770	64	more	more	ADV
cblr-9106	770	65	easily	easily	ADV
cblr-9106	770	66	distinguish	distinguish	VERB
cblr-9106	770	67	between	between	ADP
cblr-9106	770	68	credible	credible	ADJ
cblr-9106	770	69	and	and	CCONJ
cblr-9106	770	70	non	non	ADJ
cblr-9106	770	71	-	-	ADJ
cblr-9106	770	72	credible	credible	ADJ
cblr-9106	770	73	commitments	commitment	NOUN
cblr-9106	770	74	.	.	PUNCT
cblr-9106	771	1	a	a	DET
cblr-9106	771	2	counterargument	counterargument	NOUN
cblr-9106	771	3	could	could	AUX
cblr-9106	771	4	be	be	AUX
cblr-9106	771	5	that	that	SCONJ
cblr-9106	771	6	these	these	DET
cblr-9106	771	7	requirements	requirement	NOUN
cblr-9106	771	8	may	may	AUX
cblr-9106	771	9	dissuade	dissuade	VERB
cblr-9106	771	10	many	many	ADJ
cblr-9106	771	11	companies	company	NOUN
cblr-9106	771	12	from	from	ADP
cblr-9106	771	13	making	make	VERB
cblr-9106	771	14	any	any	DET
cblr-9106	771	15	emissionreduction	emissionreduction	NOUN
cblr-9106	771	16	commitments	commitment	NOUN
cblr-9106	771	17	at	at	ADV
cblr-9106	771	18	all	all	ADV
cblr-9106	771	19	.	.	PUNCT
cblr-9106	772	1	this	this	DET
cblr-9106	772	2	outcome	outcome	NOUN
cblr-9106	772	3	,	,	PUNCT
cblr-9106	772	4	though	though	SCONJ
cblr-9106	772	5	depressing	depressing	ADJ
cblr-9106	772	6	,	,	PUNCT
cblr-9106	772	7	would	would	AUX
cblr-9106	772	8	be	be	AUX
cblr-9106	772	9	entirely	entirely	ADV
cblr-9106	772	10	consistent	consistent	ADJ
cblr-9106	772	11	with	with	ADP
cblr-9106	772	12	our	our	PRON
cblr-9106	772	13	goal	goal	NOUN
cblr-9106	772	14	of	of	ADP
cblr-9106	772	15	exxonmobil	exxonmobil	PROPN
cblr-9106	772	16	’s	’s	PART
cblr-9106	772	17	underlying	underlie	VERB
cblr-9106	772	18	business	business	NOUN
cblr-9106	772	19	model	model	NOUN
cblr-9106	772	20	,	,	PUNCT
cblr-9106	772	21	will	will	AUX
cblr-9106	772	22	not	not	PART
cblr-9106	772	23	put	put	VERB
cblr-9106	772	24	the	the	DET
cblr-9106	772	25	company	company	NOUN
cblr-9106	772	26	in	in	ADP
cblr-9106	772	27	a	a	DET
cblr-9106	772	28	position	position	NOUN
cblr-9106	772	29	to	to	PART
cblr-9106	772	30	deliver	deliver	VERB
cblr-9106	772	31	net	net	ADJ
cblr-9106	772	32	zero	zero	NUM
cblr-9106	772	33	by	by	ADP
cblr-9106	772	34	2050	2050	NUM
cblr-9106	772	35	.	.	PUNCT
cblr-9106	773	1	see	see	VERB
cblr-9106	773	2	letter	letter	NOUN
cblr-9106	773	3	from	from	ADP
cblr-9106	773	4	engine	engine	NOUN
cblr-9106	773	5	no	no	NOUN
cblr-9106	773	6	.	.	PROPN
cblr-9106	773	7	1	1	NUM
cblr-9106	773	8	llc	llc	PROPN
cblr-9106	773	9	to	to	ADP
cblr-9106	773	10	bd	bd	PROPN
cblr-9106	773	11	.	.	PUNCT
cblr-9106	773	12	f	f	PROPN
cblr-9106	773	13	dirs	dir	VERB
cblr-9106	773	14	.	.	PUNCT
cblr-9106	773	15	,	,	PUNCT
cblr-9106	773	16	exxon	exxon	PROPN
cblr-9106	773	17	mobil	mobil	PROPN
cblr-9106	773	18	corp	corp	PROPN
cblr-9106	773	19	.	.	PROPN
cblr-9106	773	20	(	(	PUNCT
cblr-9106	773	21	feb	feb	PROPN
cblr-9106	773	22	.	.	PROPN
cblr-9106	773	23	22	22	NUM
cblr-9106	773	24	,	,	PUNCT
cblr-9106	773	25	2021	2021	NUM
cblr-9106	773	26	)	)	PUNCT
cblr-9106	773	27	,	,	PUNCT
cblr-9106	773	28	https://reenergizexom.com/materials/letter-to-the-board-of-directorsfebruary-22	https://reenergizexom.com/materials/letter-to-the-board-of-directorsfebruary-22	NOUN
cblr-9106	773	29	[	[	X
cblr-9106	773	30	https://perma.cc/slj9-kpg6	https://perma.cc/slj9-kpg6	X
cblr-9106	773	31	]	]	PUNCT
cblr-9106	773	32	.	.	PUNCT
cblr-9106	774	1	this	this	PRON
cblr-9106	774	2	suggests	suggest	VERB
cblr-9106	774	3	that	that	SCONJ
cblr-9106	774	4	reliance	reliance	NOUN
cblr-9106	774	5	primarily	primarily	ADV
cblr-9106	774	6	on	on	ADP
cblr-9106	774	7	carbon	carbon	NOUN
cblr-9106	774	8	capture	capture	NOUN
cblr-9106	774	9	,	,	PUNCT
cblr-9106	774	10	without	without	ADP
cblr-9106	774	11	major	major	ADJ
cblr-9106	774	12	change	change	NOUN
cblr-9106	774	13	in	in	ADP
cblr-9106	774	14	the	the	DET
cblr-9106	774	15	emissions	emission	NOUN
cblr-9106	774	16	associated	associate	VERB
cblr-9106	774	17	with	with	ADP
cblr-9106	774	18	exxonmobil	exxonmobil	PROPN
cblr-9106	774	19	’s	’s	PART
cblr-9106	774	20	underlying	underlie	VERB
cblr-9106	774	21	business	business	NOUN
cblr-9106	774	22	model	model	NOUN
cblr-9106	774	23	,	,	PUNCT
cblr-9106	774	24	will	will	AUX
cblr-9106	774	25	not	not	PART
cblr-9106	774	26	put	put	VERB
cblr-9106	774	27	the	the	DET
cblr-9106	774	28	company	company	NOUN
cblr-9106	774	29	in	in	ADP
cblr-9106	774	30	a	a	DET
cblr-9106	774	31	position	position	NOUN
cblr-9106	774	32	to	to	PART
cblr-9106	774	33	deliver	deliver	VERB
cblr-9106	774	34	net	net	ADJ
cblr-9106	774	35	zero	zero	NUM
cblr-9106	774	36	by	by	ADP
cblr-9106	774	37	2050	2050	NUM
cblr-9106	774	38	.	.	PUNCT
cblr-9106	775	1	see	see	VERB
cblr-9106	775	2	i	i	PRON
cblr-9106	775	3	d.	d.	PROPN
cblr-9106	775	4	232	232	NUM
cblr-9106	775	5	see	see	VERB
cblr-9106	775	6	,	,	PUNCT
cblr-9106	775	7	e.g.	e.g.	ADV
cblr-9106	775	8	,	,	PUNCT
cblr-9106	775	9	john	john	PROPN
cblr-9106	775	10	armour	armour	PROPN
cblr-9106	775	11	,	,	PUNCT
cblr-9106	775	12	luca	luca	PROPN
cblr-9106	775	13	enriques	enriques	PROPN
cblr-9106	775	14	&	&	CCONJ
cblr-9106	775	15	thom	thom	PROPN
cblr-9106	775	16	wetzer	wetzer	PROPN
cblr-9106	775	17	,	,	PUNCT
cblr-9106	775	18	green	green	ADJ
cblr-9106	775	19	pills	pill	NOUN
cblr-9106	775	20	:	:	PUNCT
cblr-9106	775	21	making	make	VERB
cblr-9106	775	22	corporate	corporate	ADJ
cblr-9106	775	23	climate	climate	NOUN
cblr-9106	775	24	commitments	commitment	NOUN
cblr-9106	775	25	credible	credible	ADJ
cblr-9106	775	26	(	(	PUNCT
cblr-9106	775	27	nov	nov	PROPN
cblr-9106	775	28	.	.	PROPN
cblr-9106	775	29	17	17	NUM
cblr-9106	775	30	,	,	PUNCT
cblr-9106	775	31	2021	2021	NUM
cblr-9106	775	32	)	)	PUNCT
cblr-9106	775	33	(	(	PUNCT
cblr-9106	775	34	unpublished	unpublished	ADJ
cblr-9106	775	35	manuscript	manuscript	NOUN
cblr-9106	775	36	)	)	PUNCT
cblr-9106	775	37	(	(	PUNCT
cblr-9106	775	38	on	on	ADP
cblr-9106	775	39	file	file	NOUN
cblr-9106	775	40	with	with	ADP
cblr-9106	775	41	the	the	DET
cblr-9106	775	42	columbia	columbia	PROPN
cblr-9106	775	43	business	business	PROPN
cblr-9106	775	44	law	law	PROPN
cblr-9106	775	45	review	review	PROPN
cblr-9106	775	46	)	)	PUNCT
cblr-9106	775	47	.	.	PUNCT
cblr-9106	776	1	1142	1142	NUM
cblr-9106	776	2	columbia	columbia	PROPN
cblr-9106	776	3	business	business	PROPN
cblr-9106	776	4	law	law	PROPN
cblr-9106	776	5	review	review	NOUN
cblr-9106	776	6	[	[	X
cblr-9106	776	7	vol	vol	NOUN
cblr-9106	776	8	.	.	PUNCT
cblr-9106	776	9	2021	2021	NUM
cblr-9106	776	10	helping	help	VERB
cblr-9106	776	11	investors	investor	NOUN
cblr-9106	776	12	screen	screen	VERB
cblr-9106	776	13	out	out	ADP
cblr-9106	776	14	greenwashing	greenwashe	VERB
cblr-9106	776	15	.	.	PUNCT
cblr-9106	777	1	it	it	PRON
cblr-9106	777	2	would	would	AUX
cblr-9106	777	3	pull	pull	VERB
cblr-9106	777	4	back	back	ADV
cblr-9106	777	5	the	the	DET
cblr-9106	777	6	veneer	veneer	NOUN
cblr-9106	777	7	of	of	ADP
cblr-9106	777	8	comfort	comfort	NOUN
cblr-9106	777	9	that	that	PRON
cblr-9106	777	10	weak	weak	ADJ
cblr-9106	777	11	commitments	commitment	NOUN
cblr-9106	777	12	create	create	VERB
cblr-9106	777	13	and	and	CCONJ
cblr-9106	777	14	reemphasize	reemphasize	VERB
cblr-9106	777	15	,	,	PUNCT
cblr-9106	777	16	now	now	ADV
cblr-9106	777	17	with	with	ADP
cblr-9106	777	18	the	the	DET
cblr-9106	777	19	requisite	requisite	ADJ
cblr-9106	777	20	urgency	urgency	NOUN
cblr-9106	777	21	,	,	PUNCT
cblr-9106	777	22	the	the	DET
cblr-9106	777	23	challenge	challenge	NOUN
cblr-9106	777	24	that	that	PRON
cblr-9106	777	25	the	the	DET
cblr-9106	777	26	climate	climate	NOUN
cblr-9106	777	27	transition	transition	NOUN
cblr-9106	777	28	entails	entail	VERB
cblr-9106	777	29	.	.	PUNCT
cblr-9106	778	1	d.	d.	NOUN
cblr-9106	778	2	implications	implication	NOUN
cblr-9106	778	3	for	for	ADP
cblr-9106	778	4	the	the	DET
cblr-9106	778	5	regulatory	regulatory	ADJ
cblr-9106	778	6	architecture	architecture	NOUN
cblr-9106	778	7	effective	effective	ADJ
cblr-9106	778	8	implementation	implementation	NOUN
cblr-9106	778	9	of	of	ADP
cblr-9106	778	10	the	the	DET
cblr-9106	778	11	disclosure	disclosure	NOUN
cblr-9106	778	12	framework	framework	NOUN
cblr-9106	778	13	we	we	PRON
cblr-9106	778	14	envision	envision	VERB
cblr-9106	778	15	places	place	NOUN
cblr-9106	778	16	heavy	heavy	ADJ
cblr-9106	778	17	demands	demand	NOUN
cblr-9106	778	18	on	on	ADP
cblr-9106	778	19	the	the	DET
cblr-9106	778	20	relevant	relevant	ADJ
cblr-9106	778	21	regulatory	regulatory	ADJ
cblr-9106	778	22	bodies	body	NOUN
cblr-9106	778	23	.	.	PUNCT
cblr-9106	779	1	the	the	DET
cblr-9106	779	2	appropriate	appropriate	ADJ
cblr-9106	779	3	set	set	NOUN
cblr-9106	779	4	of	of	ADP
cblr-9106	779	5	information	information	NOUN
cblr-9106	779	6	to	to	PART
cblr-9106	779	7	be	be	AUX
cblr-9106	779	8	disclosed	disclose	VERB
cblr-9106	779	9	in	in	ADP
cblr-9106	779	10	relation	relation	NOUN
cblr-9106	779	11	to	to	PART
cblr-9106	779	12	climate	climate	NOUN
cblr-9106	779	13	risks	risk	NOUN
cblr-9106	779	14	is	be	AUX
cblr-9106	779	15	a	a	DET
cblr-9106	779	16	moving	move	VERB
cblr-9106	779	17	target	target	NOUN
cblr-9106	779	18	.	.	PUNCT
cblr-9106	780	1	the	the	DET
cblr-9106	780	2	phenomenon	phenomenon	NOUN
cblr-9106	780	3	of	of	ADP
cblr-9106	780	4	climate	climate	NOUN
cblr-9106	780	5	change	change	NOUN
cblr-9106	780	6	is	be	AUX
cblr-9106	780	7	evolving	evolve	VERB
cblr-9106	780	8	in	in	ADP
cblr-9106	780	9	real	real	ADJ
cblr-9106	780	10	time	time	NOUN
cblr-9106	780	11	,	,	PUNCT
cblr-9106	780	12	and	and	CCONJ
cblr-9106	780	13	so	so	ADV
cblr-9106	780	14	too	too	ADV
cblr-9106	780	15	is	be	AUX
cblr-9106	780	16	our	our	PRON
cblr-9106	780	17	understanding	understanding	NOUN
cblr-9106	780	18	of	of	ADP
cblr-9106	780	19	it	it	PRON
cblr-9106	780	20	.	.	PUNCT
cblr-9106	781	1	moreover	moreover	ADV
cblr-9106	781	2	,	,	PUNCT
cblr-9106	781	3	climate	climate	NOUN
cblr-9106	781	4	risks	risk	NOUN
cblr-9106	781	5	are	be	AUX
cblr-9106	781	6	themselves	themselves	PRON
cblr-9106	781	7	nonstationary	nonstationary	ADJ
cblr-9106	781	8	,	,	PUNCT
cblr-9106	781	9	functions	function	NOUN
cblr-9106	781	10	not	not	PART
cblr-9106	781	11	only	only	ADV
cblr-9106	781	12	of	of	ADP
cblr-9106	781	13	the	the	DET
cblr-9106	781	14	climate	climate	NOUN
cblr-9106	781	15	itself	itself	PRON
cblr-9106	781	16	but	but	CCONJ
cblr-9106	781	17	also	also	ADV
cblr-9106	781	18	of	of	ADP
cblr-9106	781	19	the	the	DET
cblr-9106	781	20	collective	collective	ADJ
cblr-9106	781	21	human	human	ADJ
cblr-9106	781	22	response	response	NOUN
cblr-9106	781	23	thereto	thereto	VERB
cblr-9106	781	24	(	(	PUNCT
cblr-9106	781	25	including	include	VERB
cblr-9106	781	26	government	government	NOUN
cblr-9106	781	27	policy	policy	NOUN
cblr-9106	781	28	,	,	PUNCT
cblr-9106	781	29	firm	firm	ADJ
cblr-9106	781	30	investment	investment	NOUN
cblr-9106	781	31	and	and	CCONJ
cblr-9106	781	32	research	research	NOUN
cblr-9106	781	33	and	and	CCONJ
cblr-9106	781	34	development	development	NOUN
cblr-9106	781	35	decisions	decision	NOUN
cblr-9106	781	36	,	,	PUNCT
cblr-9106	781	37	consumer	consumer	NOUN
cblr-9106	781	38	choices	choice	NOUN
cblr-9106	781	39	,	,	PUNCT
cblr-9106	781	40	and	and	CCONJ
cblr-9106	781	41	feedback	feedback	NOUN
cblr-9106	781	42	between	between	ADP
cblr-9106	781	43	all	all	PRON
cblr-9106	781	44	of	of	ADP
cblr-9106	781	45	these	these	PRON
cblr-9106	781	46	)	)	PUNCT
cblr-9106	781	47	.	.	PUNCT
cblr-9106	782	1	hence	hence	ADV
cblr-9106	782	2	,	,	PUNCT
cblr-9106	782	3	while	while	SCONJ
cblr-9106	782	4	it	it	PRON
cblr-9106	782	5	is	be	AUX
cblr-9106	782	6	necessary	necessary	ADJ
cblr-9106	782	7	to	to	PART
cblr-9106	782	8	identify	identify	VERB
cblr-9106	782	9	the	the	DET
cblr-9106	782	10	“	"	PUNCT
cblr-9106	782	11	best	good	ADJ
cblr-9106	782	12	”	"	PUNCT
cblr-9106	782	13	information	information	NOUN
cblr-9106	782	14	set	set	VERB
cblr-9106	782	15	for	for	ADP
cblr-9106	782	16	climate	climate	NOUN
cblr-9106	782	17	risk	risk	NOUN
cblr-9106	782	18	disclosures	disclosure	NOUN
cblr-9106	782	19	,	,	PUNCT
cblr-9106	782	20	a	a	DET
cblr-9106	782	21	onetime	onetime	ADJ
cblr-9106	782	22	specification	specification	NOUN
cblr-9106	782	23	is	be	AUX
cblr-9106	782	24	insufficient	insufficient	ADJ
cblr-9106	782	25	.	.	PUNCT
cblr-9106	783	1	the	the	DET
cblr-9106	783	2	disclosure	disclosure	NOUN
cblr-9106	783	3	regime	regime	NOUN
cblr-9106	783	4	needs	need	VERB
cblr-9106	783	5	to	to	PART
cblr-9106	783	6	have	have	VERB
cblr-9106	783	7	a	a	DET
cblr-9106	783	8	built	build	VERB
cblr-9106	783	9	-	-	PUNCT
cblr-9106	783	10	in	in	ADP
cblr-9106	783	11	dynamic	dynamic	ADJ
cblr-9106	783	12	component	component	NOUN
cblr-9106	783	13	to	to	PART
cblr-9106	783	14	ensure	ensure	VERB
cblr-9106	783	15	it	it	PRON
cblr-9106	783	16	is	be	AUX
cblr-9106	783	17	updated	update	VERB
cblr-9106	783	18	rapidly	rapidly	ADV
cblr-9106	783	19	to	to	PART
cblr-9106	783	20	incorporate	incorporate	VERB
cblr-9106	783	21	emerging	emerge	VERB
cblr-9106	783	22	physical	physical	ADJ
cblr-9106	783	23	,	,	PUNCT
cblr-9106	783	24	scientific	scientific	ADJ
cblr-9106	783	25	,	,	PUNCT
cblr-9106	783	26	and	and	CCONJ
cblr-9106	783	27	socioeconomic	socioeconomic	ADJ
cblr-9106	783	28	insights	insight	NOUN
cblr-9106	783	29	.	.	PUNCT
cblr-9106	784	1	regulatory	regulatory	ADJ
cblr-9106	784	2	competence	competence	NOUN
cblr-9106	784	3	will	will	AUX
cblr-9106	784	4	also	also	ADV
cblr-9106	784	5	be	be	AUX
cblr-9106	784	6	key	key	ADJ
cblr-9106	784	7	.	.	PUNCT
cblr-9106	785	1	implementing	implement	VERB
cblr-9106	785	2	corporate	corporate	ADJ
cblr-9106	785	3	climate	climate	NOUN
cblr-9106	785	4	disclosure	disclosure	NOUN
cblr-9106	785	5	policies	policy	NOUN
cblr-9106	785	6	places	place	VERB
cblr-9106	785	7	high	high	ADJ
cblr-9106	785	8	institutional	institutional	ADJ
cblr-9106	785	9	demands	demand	NOUN
cblr-9106	785	10	for	for	ADP
cblr-9106	785	11	expertise	expertise	NOUN
cblr-9106	785	12	,	,	PUNCT
cblr-9106	785	13	information	information	NOUN
cblr-9106	785	14	,	,	PUNCT
cblr-9106	785	15	and	and	CCONJ
cblr-9106	785	16	analysis	analysis	NOUN
cblr-9106	785	17	on	on	ADP
cblr-9106	785	18	regulators	regulator	NOUN
cblr-9106	785	19	:	:	PUNCT
cblr-9106	785	20	operating	operate	VERB
cblr-9106	785	21	in	in	ADP
cblr-9106	785	22	an	an	DET
cblr-9106	785	23	uncertain	uncertain	ADJ
cblr-9106	785	24	and	and	CCONJ
cblr-9106	785	25	rapidly	rapidly	ADV
cblr-9106	785	26	evolving	evolve	VERB
cblr-9106	785	27	landscape	landscape	NOUN
cblr-9106	785	28	,	,	PUNCT
cblr-9106	785	29	they	they	PRON
cblr-9106	785	30	need	need	VERB
cblr-9106	785	31	to	to	PART
cblr-9106	785	32	stay	stay	VERB
cblr-9106	785	33	informed	informed	ADJ
cblr-9106	785	34	of	of	ADP
cblr-9106	785	35	scientific	scientific	ADJ
cblr-9106	785	36	developments	development	NOUN
cblr-9106	785	37	across	across	ADP
cblr-9106	785	38	fields	field	NOUN
cblr-9106	785	39	ranging	range	VERB
cblr-9106	785	40	from	from	ADP
cblr-9106	785	41	climate	climate	NOUN
cblr-9106	785	42	science	science	NOUN
cblr-9106	785	43	and	and	CCONJ
cblr-9106	785	44	geospatial	geospatial	ADJ
cblr-9106	785	45	data	datum	NOUN
cblr-9106	785	46	to	to	ADP
cblr-9106	785	47	finance	finance	VERB
cblr-9106	785	48	.	.	PUNCT
cblr-9106	786	1	they	they	PRON
cblr-9106	786	2	also	also	ADV
cblr-9106	786	3	need	need	VERB
cblr-9106	786	4	to	to	PART
cblr-9106	786	5	be	be	AUX
cblr-9106	786	6	responsive	responsive	ADJ
cblr-9106	786	7	to	to	ADP
cblr-9106	786	8	the	the	DET
cblr-9106	786	9	(	(	PUNCT
cblr-9106	786	10	interacting	interact	VERB
cblr-9106	786	11	)	)	PUNCT
cblr-9106	786	12	needs	need	NOUN
cblr-9106	786	13	and	and	CCONJ
cblr-9106	786	14	actions	action	NOUN
cblr-9106	786	15	of	of	ADP
cblr-9106	786	16	investors	investor	NOUN
cblr-9106	786	17	,	,	PUNCT
cblr-9106	786	18	issuers	issuer	NOUN
cblr-9106	786	19	,	,	PUNCT
cblr-9106	786	20	and	and	CCONJ
cblr-9106	786	21	the	the	DET
cblr-9106	786	22	system	system	NOUN
cblr-9106	786	23	-	-	PUNCT
cblr-9106	786	24	wide	wide	ADJ
cblr-9106	786	25	implications	implication	NOUN
cblr-9106	786	26	for	for	ADP
cblr-9106	786	27	risk	risk	NOUN
cblr-9106	786	28	management	management	NOUN
cblr-9106	786	29	and	and	CCONJ
cblr-9106	786	30	the	the	DET
cblr-9106	786	31	net	net	ADJ
cblr-9106	786	32	-	-	PUNCT
cblr-9106	786	33	zero	zero	NUM
cblr-9106	786	34	transition	transition	NOUN
cblr-9106	786	35	.	.	PUNCT
cblr-9106	787	1	all	all	PRON
cblr-9106	787	2	of	of	ADP
cblr-9106	787	3	this	this	DET
cblr-9106	787	4	will	will	NOUN
cblr-9106	787	5	,	,	PUNCT
cblr-9106	787	6	finally	finally	ADV
cblr-9106	787	7	,	,	PUNCT
cblr-9106	787	8	require	require	VERB
cblr-9106	787	9	enormous	enormous	ADJ
cblr-9106	787	10	amounts	amount	NOUN
cblr-9106	787	11	of	of	ADP
cblr-9106	787	12	data	datum	NOUN
cblr-9106	787	13	and	and	CCONJ
cblr-9106	787	14	novel	novel	ADJ
cblr-9106	787	15	ways	way	NOUN
cblr-9106	787	16	of	of	ADP
cblr-9106	787	17	modeling.233	modeling.233	PROPN
cblr-9106	787	18	233	233	NUM
cblr-9106	787	19	see	see	NOUN
cblr-9106	787	20	supra	supra	PROPN
cblr-9106	787	21	section	section	PROPN
cblr-9106	787	22	ii.a	ii.a	PROPN
cblr-9106	787	23	.	.	PUNCT
cblr-9106	788	1	see	see	VERB
cblr-9106	788	2	generally	generally	ADV
cblr-9106	788	3	j.	j.	PROPN
cblr-9106	788	4	doyne	doyne	PROPN
cblr-9106	788	5	farmer	farmer	PROPN
cblr-9106	788	6	,	,	PUNCT
cblr-9106	788	7	alissa	alissa	PROPN
cblr-9106	788	8	m.	m.	PROPN
cblr-9106	788	9	kleinnijenhuis	kleinnijenhuis	PROPN
cblr-9106	788	10	&	&	CCONJ
cblr-9106	788	11	thom	thom	PROPN
cblr-9106	788	12	wetzer	wetzer	PROPN
cblr-9106	788	13	,	,	PUNCT
cblr-9106	788	14	stress	stress	NOUN
cblr-9106	788	15	testing	testing	NOUN
cblr-9106	788	16	in	in	ADP
cblr-9106	788	17	the	the	DET
cblr-9106	788	18	financial	financial	PROPN
cblr-9106	788	19	macrocosm	macrocosm	PROPN
cblr-9106	788	20	,	,	PUNCT
cblr-9106	788	21	in	in	ADP
cblr-9106	788	22	handbook	handbook	NOUN
cblr-9106	788	23	of	of	ADP
cblr-9106	788	24	financial	financial	ADJ
cblr-9106	788	25	stress	stress	NOUN
cblr-9106	788	26	testing	testing	NOUN
cblr-9106	788	27	(	(	PUNCT
cblr-9106	788	28	j.	j.	PROPN
cblr-9106	788	29	doyne	doyne	PROPN
cblr-9106	788	30	farmer	farmer	PROPN
cblr-9106	788	31	et	et	PROPN
cblr-9106	788	32	al	al	PROPN
cblr-9106	788	33	.	.	PROPN
cblr-9106	788	34	,	,	PUNCT
cblr-9106	788	35	eds	eds	PROPN
cblr-9106	788	36	.	.	PUNCT
cblr-9106	788	37	)	)	PUNCT
cblr-9106	789	1	(	(	PUNCT
cblr-9106	789	2	forthcoming	forthcoming	ADJ
cblr-9106	789	3	jan	jan	PROPN
cblr-9106	789	4	.	.	PROPN
cblr-9106	789	5	2022	2022	NUM
cblr-9106	789	6	)	)	PUNCT
cblr-9106	789	7	(	(	PUNCT
cblr-9106	789	8	manuscript	manuscript	NOUN
cblr-9106	789	9	at	at	ADP
cblr-9106	789	10	23–25	23–25	NUM
cblr-9106	789	11	)	)	PUNCT
cblr-9106	789	12	,	,	PUNCT
cblr-9106	789	13	no	no	INTJ
cblr-9106	789	14	.	.	NOUN
cblr-9106	790	1	3:1085	3:1085	NUM
cblr-9106	790	2	]	]	X
cblr-9106	790	3	mandatory	mandatory	ADJ
cblr-9106	790	4	corporate	corporate	ADJ
cblr-9106	790	5	climate	climate	NOUN
cblr-9106	790	6	disclosures	disclosure	NOUN
cblr-9106	790	7	1143	1143	NUM
cblr-9106	790	8	in	in	ADP
cblr-9106	790	9	that	that	DET
cblr-9106	790	10	sense	sense	NOUN
cblr-9106	790	11	,	,	PUNCT
cblr-9106	790	12	the	the	DET
cblr-9106	790	13	regulatory	regulatory	ADJ
cblr-9106	790	14	challenge	challenge	NOUN
cblr-9106	790	15	presented	present	VERB
cblr-9106	790	16	by	by	ADP
cblr-9106	790	17	corporate	corporate	ADJ
cblr-9106	790	18	climate	climate	NOUN
cblr-9106	790	19	disclosures	disclosure	NOUN
cblr-9106	790	20	is	be	AUX
cblr-9106	790	21	akin	akin	ADJ
cblr-9106	790	22	to	to	ADP
cblr-9106	790	23	that	that	PRON
cblr-9106	790	24	faced	face	VERB
cblr-9106	790	25	by	by	ADP
cblr-9106	790	26	macroprudential	macroprudential	ADJ
cblr-9106	790	27	agencies	agency	NOUN
cblr-9106	790	28	.	.	PUNCT
cblr-9106	791	1	their	their	PRON
cblr-9106	791	2	goal	goal	NOUN
cblr-9106	791	3	is	be	AUX
cblr-9106	791	4	to	to	PART
cblr-9106	791	5	ensure	ensure	VERB
cblr-9106	791	6	the	the	DET
cblr-9106	791	7	resilience	resilience	NOUN
cblr-9106	791	8	of	of	ADP
cblr-9106	791	9	financial	financial	ADJ
cblr-9106	791	10	institutions	institution	NOUN
cblr-9106	791	11	to	to	ADP
cblr-9106	791	12	systemic	systemic	ADJ
cblr-9106	791	13	risk	risk	NOUN
cblr-9106	791	14	that	that	PRON
cblr-9106	791	15	materializes	materialize	VERB
cblr-9106	791	16	as	as	ADP
cblr-9106	791	17	a	a	DET
cblr-9106	791	18	function	function	NOUN
cblr-9106	791	19	of	of	ADP
cblr-9106	791	20	system	system	NOUN
cblr-9106	791	21	-	-	PUNCT
cblr-9106	791	22	wide	wide	ADJ
cblr-9106	791	23	dynamics	dynamic	NOUN
cblr-9106	791	24	and	and	CCONJ
cblr-9106	791	25	to	to	PART
cblr-9106	791	26	enhance	enhance	VERB
cblr-9106	791	27	and	and	CCONJ
cblr-9106	791	28	protect	protect	VERB
cblr-9106	791	29	the	the	DET
cblr-9106	791	30	resilience	resilience	NOUN
cblr-9106	791	31	of	of	ADP
cblr-9106	791	32	the	the	DET
cblr-9106	791	33	financial	financial	ADJ
cblr-9106	791	34	system	system	NOUN
cblr-9106	791	35	in	in	ADP
cblr-9106	791	36	its	its	PRON
cblr-9106	791	37	entirety	entirety	NOUN
cblr-9106	791	38	.	.	PUNCT
cblr-9106	792	1	like	like	ADP
cblr-9106	792	2	climate	climate	NOUN
cblr-9106	792	3	risks	risk	NOUN
cblr-9106	792	4	,	,	PUNCT
cblr-9106	792	5	systemic	systemic	ADJ
cblr-9106	792	6	risk	risk	NOUN
cblr-9106	792	7	in	in	ADP
cblr-9106	792	8	the	the	DET
cblr-9106	792	9	financial	financial	ADJ
cblr-9106	792	10	system	system	NOUN
cblr-9106	792	11	reflects	reflect	VERB
cblr-9106	792	12	a	a	DET
cblr-9106	792	13	dynamic	dynamic	ADJ
cblr-9106	792	14	set	set	NOUN
cblr-9106	792	15	of	of	ADP
cblr-9106	792	16	issues	issue	NOUN
cblr-9106	792	17	,	,	PUNCT
cblr-9106	792	18	characterized	characterize	VERB
cblr-9106	792	19	by	by	ADP
cblr-9106	792	20	uncertainty	uncertainty	NOUN
cblr-9106	792	21	and	and	CCONJ
cblr-9106	792	22	contingent	contingent	NOUN
cblr-9106	792	23	on	on	ADP
cblr-9106	792	24	complex	complex	ADJ
cblr-9106	792	25	interactions	interaction	NOUN
cblr-9106	792	26	between	between	ADP
cblr-9106	792	27	market	market	NOUN
cblr-9106	792	28	participants.234	participants.234	NOUN
cblr-9106	792	29	as	as	ADP
cblr-9106	792	30	the	the	DET
cblr-9106	792	31	2007	2007	NUM
cblr-9106	792	32	-	-	SYM
cblr-9106	792	33	2009	2009	NUM
cblr-9106	792	34	financial	financial	ADJ
cblr-9106	792	35	crisis	crisis	NOUN
cblr-9106	792	36	revealed	reveal	VERB
cblr-9106	792	37	,	,	PUNCT
cblr-9106	792	38	regulators	regulator	NOUN
cblr-9106	792	39	focused	focus	VERB
cblr-9106	792	40	on	on	ADP
cblr-9106	792	41	market	market	NOUN
cblr-9106	792	42	operations	operation	NOUN
cblr-9106	792	43	alone	alone	ADV
cblr-9106	792	44	do	do	AUX
cblr-9106	792	45	not	not	PART
cblr-9106	792	46	have	have	VERB
cblr-9106	792	47	the	the	DET
cblr-9106	792	48	appropriate	appropriate	ADJ
cblr-9106	792	49	expertise	expertise	NOUN
cblr-9106	792	50	to	to	PART
cblr-9106	792	51	assess	assess	VERB
cblr-9106	792	52	the	the	DET
cblr-9106	792	53	stability	stability	NOUN
cblr-9106	792	54	of	of	ADP
cblr-9106	792	55	the	the	DET
cblr-9106	792	56	financial	financial	ADJ
cblr-9106	792	57	system.235	system.235	NOUN
cblr-9106	792	58	that	that	PRON
cblr-9106	792	59	is	be	AUX
cblr-9106	792	60	why	why	SCONJ
cblr-9106	792	61	the	the	DET
cblr-9106	792	62	introduction	introduction	NOUN
cblr-9106	792	63	of	of	ADP
cblr-9106	792	64	the	the	DET
cblr-9106	792	65	macroprudential	macroprudential	ADJ
cblr-9106	792	66	approach	approach	NOUN
cblr-9106	792	67	was	be	AUX
cblr-9106	792	68	accompanied	accompany	VERB
cblr-9106	792	69	by	by	ADP
cblr-9106	792	70	institutional	institutional	ADJ
cblr-9106	792	71	reform	reform	NOUN
cblr-9106	792	72	.	.	PUNCT
cblr-9106	793	1	new	new	ADJ
cblr-9106	793	2	“	"	PUNCT
cblr-9106	793	3	macroprudential	macroprudential	ADJ
cblr-9106	793	4	agencies	agency	NOUN
cblr-9106	793	5	,	,	PUNCT
cblr-9106	793	6	”	"	PUNCT
cblr-9106	793	7	such	such	ADJ
cblr-9106	793	8	as	as	ADP
cblr-9106	793	9	the	the	DET
cblr-9106	793	10	u.s	u.s	PROPN
cblr-9106	793	11	.	.	PROPN
cblr-9106	793	12	financial	financial	ADJ
cblr-9106	793	13	stability	stability	NOUN
cblr-9106	793	14	oversight	oversight	NOUN
cblr-9106	793	15	council	council	PROPN
cblr-9106	793	16	and	and	CCONJ
cblr-9106	793	17	the	the	DET
cblr-9106	793	18	u.k	u.k	PROPN
cblr-9106	793	19	.	.	PROPN
cblr-9106	793	20	bank	bank	PROPN
cblr-9106	793	21	of	of	ADP
cblr-9106	793	22	england	england	PROPN
cblr-9106	793	23	’s	’s	PART
cblr-9106	793	24	financial	financial	ADJ
cblr-9106	793	25	policy	policy	NOUN
cblr-9106	793	26	committee	committee	NOUN
cblr-9106	793	27	,	,	PUNCT
cblr-9106	793	28	were	be	AUX
cblr-9106	793	29	created	create	VERB
cblr-9106	793	30	to	to	PART
cblr-9106	793	31	monitor	monitor	VERB
cblr-9106	793	32	and	and	CCONJ
cblr-9106	793	33	assess	assess	VERB
cblr-9106	793	34	developments	development	NOUN
cblr-9106	793	35	in	in	ADP
cblr-9106	793	36	the	the	DET
cblr-9106	793	37	financial	financial	ADJ
cblr-9106	793	38	sector	sector	NOUN
cblr-9106	793	39	for	for	ADP
cblr-9106	793	40	the	the	DET
cblr-9106	793	41	purpose	purpose	NOUN
cblr-9106	793	42	of	of	ADP
cblr-9106	793	43	preserving	preserve	VERB
cblr-9106	793	44	financial	financial	ADJ
cblr-9106	793	45	stability	stability	NOUN
cblr-9106	793	46	.	.	PUNCT
cblr-9106	794	1	like	like	ADP
cblr-9106	794	2	the	the	DET
cblr-9106	794	3	approach	approach	NOUN
cblr-9106	794	4	we	we	PRON
cblr-9106	794	5	advocate	advocate	VERB
cblr-9106	794	6	for	for	ADP
cblr-9106	794	7	climate	climate	NOUN
cblr-9106	794	8	disclosure	disclosure	NOUN
cblr-9106	794	9	policies	policy	NOUN
cblr-9106	794	10	,	,	PUNCT
cblr-9106	794	11	these	these	DET
cblr-9106	794	12	agencies	agency	NOUN
cblr-9106	794	13	view	view	VERB
cblr-9106	794	14	financial	financial	ADJ
cblr-9106	794	15	stability	stability	NOUN
cblr-9106	794	16	from	from	ADP
cblr-9106	794	17	the	the	DET
cblr-9106	794	18	dynamic	dynamic	ADJ
cblr-9106	794	19	perspective	perspective	NOUN
cblr-9106	794	20	of	of	ADP
cblr-9106	794	21	business	business	NOUN
cblr-9106	794	22	and	and	CCONJ
cblr-9106	794	23	credit	credit	NOUN
cblr-9106	794	24	cycles	cycle	NOUN
cblr-9106	794	25	in	in	ADP
cblr-9106	794	26	the	the	DET
cblr-9106	794	27	economy	economy	NOUN
cblr-9106	794	28	rather	rather	ADV
cblr-9106	794	29	than	than	ADP
cblr-9106	794	30	the	the	DET
cblr-9106	794	31	classical	classical	ADJ
cblr-9106	794	32	static	static	ADJ
cblr-9106	794	33	framework	framework	NOUN
cblr-9106	794	34	.	.	PUNCT
cblr-9106	795	1	such	such	ADJ
cblr-9106	795	2	macro	macro	NOUN
cblr-9106	795	3	-	-	ADJ
cblr-9106	795	4	monitoring	monitor	VERB
cblr-9106	795	5	capabilities	capability	NOUN
cblr-9106	795	6	require	require	VERB
cblr-9106	795	7	access	access	NOUN
cblr-9106	795	8	to	to	ADP
cblr-9106	795	9	high	high	ADJ
cblr-9106	795	10	-	-	PUNCT
cblr-9106	795	11	quality	quality	NOUN
cblr-9106	795	12	information	information	NOUN
cblr-9106	795	13	and	and	CCONJ
cblr-9106	795	14	research	research	NOUN
cblr-9106	795	15	—	—	PUNCT
cblr-9106	795	16	in	in	ADP
cblr-9106	795	17	the	the	DET
cblr-9106	795	18	united	united	PROPN
cblr-9106	795	19	states	states	PROPN
cblr-9106	795	20	,	,	PUNCT
cblr-9106	795	21	delivered	deliver	VERB
cblr-9106	795	22	through	through	ADP
cblr-9106	795	23	the	the	DET
cblr-9106	795	24	office	office	NOUN
cblr-9106	795	25	of	of	ADP
cblr-9106	795	26	financial	financial	ADJ
cblr-9106	795	27	research	research	NOUN
cblr-9106	795	28	and	and	CCONJ
cblr-9106	795	29	in	in	ADP
cblr-9106	795	30	the	the	DET
cblr-9106	795	31	united	united	ADJ
cblr-9106	795	32	kingdom	kingdom	PROPN
cblr-9106	795	33	,	,	PUNCT
cblr-9106	795	34	by	by	ADP
cblr-9106	795	35	the	the	DET
cblr-9106	795	36	research	research	NOUN
cblr-9106	795	37	functions	function	NOUN
cblr-9106	795	38	of	of	ADP
cblr-9106	795	39	the	the	DET
cblr-9106	795	40	bank	bank	NOUN
cblr-9106	795	41	of	of	ADP
cblr-9106	795	42	england.236	england.236	PROPN
cblr-9106	795	43	this	this	PRON
cblr-9106	795	44	then	then	ADV
cblr-9106	795	45	feeds	feed	VERB
cblr-9106	795	46	into	into	ADP
cblr-9106	795	47	the	the	DET
cblr-9106	795	48	specification	specification	NOUN
cblr-9106	795	49	and	and	CCONJ
cblr-9106	795	50	design	design	NOUN
cblr-9106	795	51	of	of	ADP
cblr-9106	795	52	flexible	flexible	ADJ
cblr-9106	795	53	macroprudential	macroprudential	ADJ
cblr-9106	795	54	policies	policy	NOUN
cblr-9106	795	55	,	,	PUNCT
cblr-9106	795	56	like	like	ADP
cblr-9106	795	57	stress	stress	NOUN
cblr-9106	795	58	tests	test	NOUN
cblr-9106	795	59	,	,	PUNCT
cblr-9106	795	60	that	that	PRON
cblr-9106	795	61	leave	leave	VERB
cblr-9106	795	62	these	these	DET
cblr-9106	795	63	agencies	agency	NOUN
cblr-9106	795	64	flexibility	flexibility	NOUN
cblr-9106	795	65	to	to	PART
cblr-9106	795	66	respond	respond	VERB
cblr-9106	795	67	to	to	ADP
cblr-9106	795	68	current	current	ADJ
cblr-9106	795	69	and	and	CCONJ
cblr-9106	795	70	emerging	emerge	VERB
cblr-9106	795	71	risks	risk	NOUN
cblr-9106	795	72	.	.	PUNCT
cblr-9106	796	1	in	in	ADP
cblr-9106	796	2	our	our	PRON
cblr-9106	796	3	view	view	NOUN
cblr-9106	796	4	,	,	PUNCT
cblr-9106	796	5	this	this	DET
cblr-9106	796	6	widespread	widespread	ADJ
cblr-9106	796	7	deployment	deployment	NOUN
cblr-9106	796	8	of	of	ADP
cblr-9106	796	9	macro	macro	ADJ
cblr-9106	796	10	-	-	NOUN
cblr-9106	796	11	prudential	prudential	ADJ
cblr-9106	796	12	oversight	oversight	NOUN
cblr-9106	796	13	as	as	ADP
cblr-9106	796	14	a	a	DET
cblr-9106	796	15	regulatory	regulatory	ADJ
cblr-9106	796	16	technique	technique	NOUN
cblr-9106	796	17	illustrates	illustrate	VERB
cblr-9106	796	18	the	the	DET
cblr-9106	796	19	feasibility	feasibility	NOUN
cblr-9106	796	20	of	of	ADP
cblr-9106	796	21	a	a	DET
cblr-9106	796	22	dynamic	dynamic	ADJ
cblr-9106	796	23	,	,	PUNCT
cblr-9106	796	24	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3913749	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3913749	PROPN
cblr-9106	796	25	(	(	PUNCT
cblr-9106	796	26	on	on	ADP
cblr-9106	796	27	file	file	NOUN
cblr-9106	796	28	with	with	ADP
cblr-9106	796	29	the	the	DET
cblr-9106	796	30	columbia	columbia	PROPN
cblr-9106	796	31	business	business	PROPN
cblr-9106	796	32	law	law	PROPN
cblr-9106	796	33	review	review	PROPN
cblr-9106	796	34	)	)	PUNCT
cblr-9106	796	35	.	.	PUNCT
cblr-9106	797	1	234	234	NUM
cblr-9106	797	2	see	see	VERB
cblr-9106	797	3	supra	supra	PROPN
cblr-9106	797	4	section	section	PROPN
cblr-9106	797	5	ii.a	ii.a	PROPN
cblr-9106	797	6	.	.	PROPN
cblr-9106	798	1	235	235	NUM
cblr-9106	798	2	see	see	VERB
cblr-9106	798	3	,	,	PUNCT
cblr-9106	798	4	e.g.	e.g.	ADV
cblr-9106	798	5	,	,	PUNCT
cblr-9106	798	6	john	john	PROPN
cblr-9106	798	7	armour	armour	PROPN
cblr-9106	798	8	et	et	PROPN
cblr-9106	798	9	.	.	PUNCT
cblr-9106	799	1	al	al	PROPN
cblr-9106	799	2	.	.	PROPN
cblr-9106	799	3	,	,	PUNCT
cblr-9106	799	4	principles	principle	NOUN
cblr-9106	799	5	of	of	ADP
cblr-9106	799	6	financial	financial	ADJ
cblr-9106	799	7	regulation	regulation	NOUN
cblr-9106	799	8	409	409	NUM
cblr-9106	799	9	,	,	PUNCT
cblr-9106	799	10	411	411	NUM
cblr-9106	799	11	(	(	PUNCT
cblr-9106	799	12	2016	2016	NUM
cblr-9106	799	13	)	)	PUNCT
cblr-9106	799	14	.	.	PUNCT
cblr-9106	800	1	236	236	NUM
cblr-9106	801	1	i	i	PRON
cblr-9106	801	2	d.	d.	PROPN
cblr-9106	801	3	at	at	ADP
cblr-9106	801	4	425–29	425–29	PROPN
cblr-9106	801	5	.	.	PUNCT
cblr-9106	802	1	1144	1144	NUM
cblr-9106	802	2	columbia	columbia	PROPN
cblr-9106	802	3	business	business	PROPN
cblr-9106	802	4	law	law	PROPN
cblr-9106	802	5	review	review	NOUN
cblr-9106	802	6	[	[	X
cblr-9106	802	7	vol	vol	NOUN
cblr-9106	802	8	.	.	NOUN
cblr-9106	802	9	2021	2021	NUM
cblr-9106	802	10	as	as	SCONJ
cblr-9106	802	11	opposed	oppose	VERB
cblr-9106	802	12	to	to	ADP
cblr-9106	802	13	static	static	NOUN
cblr-9106	802	14	,	,	PUNCT
cblr-9106	802	15	approach	approach	NOUN
cblr-9106	802	16	to	to	ADP
cblr-9106	802	17	responses	response	NOUN
cblr-9106	802	18	to	to	ADP
cblr-9106	802	19	a	a	DET
cblr-9106	802	20	collective	collective	ADJ
cblr-9106	802	21	problem	problem	NOUN
cblr-9106	802	22	characterized	characterize	VERB
cblr-9106	802	23	by	by	ADP
cblr-9106	802	24	uncertainty	uncertainty	NOUN
cblr-9106	802	25	.	.	PUNCT
cblr-9106	803	1	clearly	clearly	ADV
cblr-9106	803	2	,	,	PUNCT
cblr-9106	803	3	the	the	DET
cblr-9106	803	4	analogy	analogy	NOUN
cblr-9106	803	5	between	between	ADP
cblr-9106	803	6	macroprudential	macroprudential	ADJ
cblr-9106	803	7	policy	policy	NOUN
cblr-9106	803	8	and	and	CCONJ
cblr-9106	803	9	climate	climate	NOUN
cblr-9106	803	10	disclosure	disclosure	NOUN
cblr-9106	803	11	is	be	AUX
cblr-9106	803	12	imperfect	imperfect	ADJ
cblr-9106	803	13	:	:	PUNCT
cblr-9106	803	14	the	the	DET
cblr-9106	803	15	institutional	institutional	ADJ
cblr-9106	803	16	demands	demand	NOUN
cblr-9106	803	17	required	require	VERB
cblr-9106	803	18	for	for	ADP
cblr-9106	803	19	successful	successful	ADJ
cblr-9106	803	20	development	development	NOUN
cblr-9106	803	21	of	of	ADP
cblr-9106	803	22	climate	climate	NOUN
cblr-9106	803	23	risk	risk	NOUN
cblr-9106	803	24	disclosures	disclosure	NOUN
cblr-9106	803	25	differ	differ	VERB
cblr-9106	803	26	from	from	ADP
cblr-9106	803	27	macro	macro	ADJ
cblr-9106	803	28	-	-	ADJ
cblr-9106	803	29	prudential	prudential	ADJ
cblr-9106	803	30	oversight	oversight	NOUN
cblr-9106	803	31	.	.	PUNCT
cblr-9106	804	1	nevertheless	nevertheless	ADV
cblr-9106	804	2	,	,	PUNCT
cblr-9106	804	3	we	we	PRON
cblr-9106	804	4	may	may	AUX
cblr-9106	804	5	doubt	doubt	VERB
cblr-9106	804	6	whether	whether	SCONJ
cblr-9106	804	7	institutions	institution	NOUN
cblr-9106	804	8	that	that	PRON
cblr-9106	804	9	were	be	AUX
cblr-9106	804	10	not	not	PART
cblr-9106	804	11	well	well	ADV
cblr-9106	804	12	-	-	PUNCT
cblr-9106	804	13	equipped	equip	VERB
cblr-9106	804	14	to	to	PART
cblr-9106	804	15	evaluate	evaluate	VERB
cblr-9106	804	16	system	system	NOUN
cblr-9106	804	17	-	-	PUNCT
cblr-9106	804	18	wide	wide	ADJ
cblr-9106	804	19	financial	financial	ADJ
cblr-9106	804	20	dynamics	dynamic	NOUN
cblr-9106	804	21	would	would	AUX
cblr-9106	804	22	be	be	AUX
cblr-9106	804	23	able	able	ADJ
cblr-9106	804	24	to	to	PART
cblr-9106	804	25	master	master	VERB
cblr-9106	804	26	the	the	DET
cblr-9106	804	27	complexities	complexity	NOUN
cblr-9106	804	28	of	of	ADP
cblr-9106	804	29	climate	climate	NOUN
cblr-9106	804	30	change	change	NOUN
cblr-9106	804	31	and	and	CCONJ
cblr-9106	804	32	transition	transition	NOUN
cblr-9106	804	33	dynamics	dynamic	NOUN
cblr-9106	804	34	—	—	PUNCT
cblr-9106	804	35	a	a	DET
cblr-9106	804	36	challenge	challenge	NOUN
cblr-9106	804	37	that	that	PRON
cblr-9106	804	38	is	be	AUX
cblr-9106	804	39	arguably	arguably	ADV
cblr-9106	804	40	more	more	ADV
cblr-9106	804	41	complex.237	complex.237	NOUN
cblr-9106	805	1	whatever	whatever	DET
cblr-9106	805	2	agency	agency	NOUN
cblr-9106	805	3	is	be	AUX
cblr-9106	805	4	designated	designate	VERB
cblr-9106	805	5	to	to	PART
cblr-9106	805	6	take	take	VERB
cblr-9106	805	7	up	up	ADP
cblr-9106	805	8	this	this	DET
cblr-9106	805	9	task	task	NOUN
cblr-9106	806	1	will	will	AUX
cblr-9106	806	2	therefore	therefore	ADV
cblr-9106	806	3	have	have	VERB
cblr-9106	806	4	to	to	PART
cblr-9106	806	5	develop	develop	VERB
cblr-9106	806	6	the	the	DET
cblr-9106	806	7	analytical	analytical	ADJ
cblr-9106	806	8	competencies	competency	NOUN
cblr-9106	806	9	and	and	CCONJ
cblr-9106	806	10	culture	culture	NOUN
cblr-9106	806	11	,	,	PUNCT
cblr-9106	806	12	as	as	ADV
cblr-9106	806	13	well	well	ADV
cblr-9106	806	14	as	as	ADP
cblr-9106	806	15	the	the	DET
cblr-9106	806	16	access	access	NOUN
cblr-9106	806	17	to	to	ADP
cblr-9106	806	18	data	datum	NOUN
cblr-9106	806	19	,	,	PUNCT
cblr-9106	806	20	necessary	necessary	ADJ
cblr-9106	806	21	to	to	PART
cblr-9106	806	22	shoulder	shoulder	VERB
cblr-9106	806	23	it	it	PRON
cblr-9106	806	24	.	.	PUNCT
cblr-9106	807	1	this	this	DET
cblr-9106	807	2	challenge	challenge	NOUN
cblr-9106	807	3	is	be	AUX
cblr-9106	807	4	perhaps	perhaps	ADV
cblr-9106	807	5	most	most	ADV
cblr-9106	807	6	evident	evident	ADJ
cblr-9106	807	7	in	in	ADP
cblr-9106	807	8	our	our	PRON
cblr-9106	807	9	recommendation	recommendation	NOUN
cblr-9106	807	10	that	that	SCONJ
cblr-9106	807	11	corporate	corporate	ADJ
cblr-9106	807	12	climate	climate	NOUN
cblr-9106	807	13	disclosures	disclosure	NOUN
cblr-9106	807	14	include	include	VERB
cblr-9106	807	15	stress	stress	NOUN
cblr-9106	807	16	tests	test	NOUN
cblr-9106	807	17	around	around	ADP
cblr-9106	807	18	standardized	standardized	ADJ
cblr-9106	807	19	transition	transition	NOUN
cblr-9106	807	20	scenarios	scenario	NOUN
cblr-9106	807	21	as	as	ADP
cblr-9106	807	22	a	a	DET
cblr-9106	807	23	way	way	NOUN
cblr-9106	807	24	to	to	PART
cblr-9106	807	25	create	create	VERB
cblr-9106	807	26	a	a	DET
cblr-9106	807	27	common	common	ADJ
cblr-9106	807	28	frame	frame	NOUN
cblr-9106	807	29	of	of	ADP
cblr-9106	807	30	reference	reference	NOUN
cblr-9106	807	31	in	in	ADP
cblr-9106	807	32	a	a	DET
cblr-9106	807	33	fast	fast	ADV
cblr-9106	807	34	-	-	PUNCT
cblr-9106	807	35	evolving	evolve	VERB
cblr-9106	807	36	risk	risk	NOUN
cblr-9106	807	37	environment.238	environment.238	VERB
cblr-9106	807	38	the	the	DET
cblr-9106	807	39	precise	precise	ADJ
cblr-9106	807	40	configuration	configuration	NOUN
cblr-9106	807	41	of	of	ADP
cblr-9106	807	42	the	the	DET
cblr-9106	807	43	scenarios	scenario	NOUN
cblr-9106	807	44	will	will	AUX
cblr-9106	807	45	vary	vary	VERB
cblr-9106	807	46	and	and	CCONJ
cblr-9106	807	47	will	will	AUX
cblr-9106	807	48	likely	likely	ADV
cblr-9106	807	49	take	take	VERB
cblr-9106	807	50	place	place	NOUN
cblr-9106	807	51	in	in	ADP
cblr-9106	807	52	coordination	coordination	NOUN
cblr-9106	807	53	with	with	ADP
cblr-9106	807	54	the	the	DET
cblr-9106	807	55	government	government	NOUN
cblr-9106	807	56	agency	agency	NOUN
cblr-9106	807	57	responsible	responsible	ADJ
cblr-9106	807	58	for	for	ADP
cblr-9106	807	59	transition	transition	NOUN
cblr-9106	807	60	planning	planning	NOUN
cblr-9106	807	61	.	.	PUNCT
cblr-9106	808	1	at	at	ADP
cblr-9106	808	2	the	the	DET
cblr-9106	808	3	same	same	ADJ
cblr-9106	808	4	time	time	NOUN
cblr-9106	808	5	,	,	PUNCT
cblr-9106	808	6	many	many	ADJ
cblr-9106	808	7	of	of	ADP
cblr-9106	808	8	the	the	DET
cblr-9106	808	9	risks	risk	NOUN
cblr-9106	808	10	associated	associate	VERB
cblr-9106	808	11	with	with	ADP
cblr-9106	808	12	climate	climate	NOUN
cblr-9106	808	13	change	change	NOUN
cblr-9106	808	14	are	be	AUX
cblr-9106	808	15	beginning	begin	VERB
cblr-9106	808	16	to	to	PART
cblr-9106	808	17	receive	receive	VERB
cblr-9106	808	18	extensive	extensive	ADJ
cblr-9106	808	19	attention	attention	NOUN
cblr-9106	808	20	from	from	ADP
cblr-9106	808	21	central	central	ADJ
cblr-9106	808	22	banks	bank	NOUN
cblr-9106	808	23	,	,	PUNCT
cblr-9106	808	24	whose	whose	DET
cblr-9106	808	25	research	research	NOUN
cblr-9106	808	26	departments	department	NOUN
cblr-9106	808	27	are	be	AUX
cblr-9106	808	28	consequently	consequently	ADV
cblr-9106	808	29	building	build	VERB
cblr-9106	808	30	the	the	DET
cblr-9106	808	31	relevant	relevant	ADJ
cblr-9106	808	32	expertise.239	expertise.239	NOUN
cblr-9106	808	33	these	these	PRON
cblr-9106	808	34	are	be	AUX
cblr-9106	808	35	likely	likely	ADJ
cblr-9106	808	36	to	to	PART
cblr-9106	808	37	be	be	AUX
cblr-9106	808	38	good	good	ADJ
cblr-9106	808	39	sources	source	NOUN
cblr-9106	808	40	of	of	ADP
cblr-9106	808	41	insight	insight	NOUN
cblr-9106	808	42	into	into	ADP
cblr-9106	808	43	the	the	DET
cblr-9106	808	44	economic	economic	ADJ
cblr-9106	808	45	consequences	consequence	NOUN
cblr-9106	808	46	of	of	ADP
cblr-9106	808	47	transitioning	transition	VERB
cblr-9106	808	48	to	to	ADP
cblr-9106	808	49	a	a	DET
cblr-9106	808	50	low	low	ADJ
cblr-9106	808	51	-	-	PUNCT
cblr-9106	808	52	carbon	carbon	NOUN
cblr-9106	808	53	economy	economy	NOUN
cblr-9106	808	54	for	for	ADP
cblr-9106	808	55	actors	actor	NOUN
cblr-9106	808	56	in	in	ADP
cblr-9106	808	57	the	the	DET
cblr-9106	808	58	financial	financial	ADJ
cblr-9106	808	59	system	system	NOUN
cblr-9106	808	60	and	and	CCONJ
cblr-9106	808	61	for	for	ADP
cblr-9106	808	62	the	the	DET
cblr-9106	808	63	economy	economy	NOUN
cblr-9106	808	64	at	at	ADP
cblr-9106	808	65	large	large	ADJ
cblr-9106	808	66	.	.	PUNCT
cblr-9106	809	1	237	237	NUM
cblr-9106	809	2	farmer	farmer	NOUN
cblr-9106	809	3	et	et	PROPN
cblr-9106	809	4	al	al	PROPN
cblr-9106	809	5	.	.	PROPN
cblr-9106	809	6	,	,	PUNCT
cblr-9106	809	7	supra	supra	PROPN
cblr-9106	809	8	note	note	PROPN
cblr-9106	809	9	52	52	NUM
cblr-9106	809	10	,	,	PUNCT
cblr-9106	809	11	at	at	ADP
cblr-9106	809	12	339	339	NUM
cblr-9106	809	13	,	,	PUNCT
cblr-9106	809	14	343	343	NUM
cblr-9106	809	15	,	,	PUNCT
cblr-9106	809	16	346	346	NUM
cblr-9106	809	17	.	.	PUNCT
cblr-9106	810	1	238	238	NUM
cblr-9106	810	2	see	see	VERB
cblr-9106	810	3	supra	supra	PROPN
cblr-9106	810	4	section	section	PROPN
cblr-9106	810	5	iv.c.2	iv.c.2	PROPN
cblr-9106	810	6	.	.	PUNCT
cblr-9106	811	1	239	239	NUM
cblr-9106	811	2	see	see	VERB
cblr-9106	811	3	,	,	PUNCT
cblr-9106	811	4	e.g.	e.g.	ADV
cblr-9106	811	5	,	,	PUNCT
cblr-9106	811	6	press	press	NOUN
cblr-9106	811	7	release	release	NOUN
cblr-9106	811	8	,	,	PUNCT
cblr-9106	811	9	eur	eur	PROPN
cblr-9106	811	10	.	.	PUNCT
cblr-9106	811	11	cent	cent	NOUN
cblr-9106	811	12	.	.	PUNCT
cblr-9106	812	1	bank	bank	PROPN
cblr-9106	813	1	,	,	PUNCT
cblr-9106	813	2	ecb	ecb	PROPN
cblr-9106	813	3	sets	set	VERB
cblr-9106	813	4	up	up	ADP
cblr-9106	813	5	climate	climate	NOUN
cblr-9106	813	6	change	change	NOUN
cblr-9106	813	7	centre	centre	NOUN
cblr-9106	813	8	(	(	PUNCT
cblr-9106	813	9	jan	jan	PROPN
cblr-9106	813	10	.	.	PROPN
cblr-9106	813	11	25	25	NUM
cblr-9106	813	12	,	,	PUNCT
cblr-9106	813	13	2021	2021	NUM
cblr-9106	813	14	)	)	PUNCT
cblr-9106	813	15	,	,	PUNCT
cblr-9106	813	16	https://www.ecb.europa.eu/press/pr/date/2021/html/ecb.pr210125_1~3fc4eb	https://www.ecb.europa.eu/press/pr/date/2021/html/ecb.pr210125_1~3fc4eb	PROPN
cblr-9106	813	17	b4c6.en.html	b4c6.en.html	PROPN
cblr-9106	814	1	[	[	X
cblr-9106	814	2	https://perma.cc/kp76-h5aw	https://perma.cc/kp76-h5aw	X
cblr-9106	814	3	]	]	X
cblr-9106	814	4	(	(	PUNCT
cblr-9106	814	5	creating	create	VERB
cblr-9106	814	6	a	a	DET
cblr-9106	814	7	climate	climate	NOUN
cblr-9106	814	8	center	center	NOUN
cblr-9106	814	9	within	within	ADP
cblr-9106	814	10	the	the	DET
cblr-9106	814	11	ecb	ecb	NOUN
cblr-9106	814	12	that	that	PRON
cblr-9106	814	13	“	"	PUNCT
cblr-9106	814	14	will	will	AUX
cblr-9106	814	15	shape	shape	VERB
cblr-9106	814	16	and	and	CCONJ
cblr-9106	814	17	steer	steer	VERB
cblr-9106	814	18	the	the	DET
cblr-9106	814	19	ecb	ecb	NOUN
cblr-9106	814	20	’s	’s	PART
cblr-9106	814	21	climate	climate	NOUN
cblr-9106	814	22	agenda	agenda	NOUN
cblr-9106	814	23	internally	internally	ADV
cblr-9106	814	24	and	and	CCONJ
cblr-9106	814	25	externally	externally	ADV
cblr-9106	814	26	”	"	PUNCT
cblr-9106	814	27	)	)	PUNCT
cblr-9106	814	28	;	;	PUNCT
cblr-9106	814	29	pete	pete	PROPN
cblr-9106	814	30	schroeder	schroeder	PROPN
cblr-9106	814	31	,	,	PUNCT
cblr-9106	814	32	u.s	u.s	PROPN
cblr-9106	814	33	.	.	PROPN
cblr-9106	814	34	fed	fed	PROPN
cblr-9106	814	35	taps	tap	NOUN
cblr-9106	814	36	official	official	NOUN
cblr-9106	814	37	to	to	PART
cblr-9106	814	38	lead	lead	VERB
cblr-9106	814	39	new	new	ADJ
cblr-9106	814	40	climate	climate	NOUN
cblr-9106	814	41	change	change	NOUN
cblr-9106	814	42	team	team	NOUN
cblr-9106	814	43	,	,	PUNCT
cblr-9106	814	44	reuters	reuters	PROPN
cblr-9106	814	45	(	(	PUNCT
cblr-9106	814	46	jan	jan	PROPN
cblr-9106	814	47	.	.	PROPN
cblr-9106	814	48	25	25	NUM
cblr-9106	814	49	,	,	PUNCT
cblr-9106	814	50	2021	2021	NUM
cblr-9106	814	51	,	,	PUNCT
cblr-9106	814	52	4:38	4:38	NUM
cblr-9106	814	53	pm	pm	NOUN
cblr-9106	814	54	)	)	PUNCT
cblr-9106	814	55	https://www.reuters.com/article/usa-fed-climate-idusl1n2k02gm	https://www.reuters.com/article/usa-fed-climate-idusl1n2k02gm	VERB
cblr-9106	815	1	[	[	X
cblr-9106	815	2	https://perma.cc/hg54-7wnr	https://perma.cc/hg54-7wnr	NOUN
cblr-9106	815	3	]	]	PUNCT
cblr-9106	815	4	(	(	PUNCT
cblr-9106	815	5	creating	create	VERB
cblr-9106	815	6	a	a	DET
cblr-9106	815	7	new	new	ADJ
cblr-9106	815	8	team	team	NOUN
cblr-9106	815	9	in	in	ADP
cblr-9106	815	10	the	the	DET
cblr-9106	815	11	u.s	u.s	PROPN
cblr-9106	815	12	.	.	PROPN
cblr-9106	815	13	federal	federal	PROPN
cblr-9106	815	14	reserve	reserve	PROPN
cblr-9106	815	15	“	"	PUNCT
cblr-9106	815	16	focused	focus	VERB
cblr-9106	815	17	specifically	specifically	ADV
cblr-9106	815	18	on	on	ADP
cblr-9106	815	19	financial	financial	ADJ
cblr-9106	815	20	risks	risk	NOUN
cblr-9106	815	21	posed	pose	VERB
cblr-9106	815	22	by	by	ADP
cblr-9106	815	23	climate	climate	NOUN
cblr-9106	815	24	change	change	NOUN
cblr-9106	815	25	”	"	PUNCT
cblr-9106	815	26	)	)	PUNCT
cblr-9106	815	27	.	.	PUNCT
cblr-9106	816	1	no	no	INTJ
cblr-9106	816	2	.	.	NOUN
cblr-9106	817	1	3:1085	3:1085	NUM
cblr-9106	817	2	]	]	X
cblr-9106	817	3	mandatory	mandatory	ADJ
cblr-9106	817	4	corporate	corporate	ADJ
cblr-9106	817	5	climate	climate	NOUN
cblr-9106	817	6	disclosures	disclosure	NOUN
cblr-9106	817	7	1145	1145	NUM
cblr-9106	817	8	a	a	DET
cblr-9106	817	9	distinct	distinct	ADJ
cblr-9106	817	10	,	,	PUNCT
cblr-9106	817	11	but	but	CCONJ
cblr-9106	817	12	similarly	similarly	ADV
cblr-9106	817	13	non	non	ADJ
cblr-9106	817	14	-	-	ADJ
cblr-9106	817	15	trivial	trivial	ADJ
cblr-9106	817	16	,	,	PUNCT
cblr-9106	817	17	challenge	challenge	NOUN
cblr-9106	817	18	for	for	ADP
cblr-9106	817	19	the	the	DET
cblr-9106	817	20	regulatory	regulatory	ADJ
cblr-9106	817	21	architecture	architecture	NOUN
cblr-9106	817	22	concerns	concern	NOUN
cblr-9106	817	23	enforcement	enforcement	NOUN
cblr-9106	817	24	.	.	PUNCT
cblr-9106	818	1	to	to	ADP
cblr-9106	818	2	the	the	DET
cblr-9106	818	3	extent	extent	NOUN
cblr-9106	818	4	that	that	SCONJ
cblr-9106	818	5	mandated	mandate	VERB
cblr-9106	818	6	disclosures	disclosure	NOUN
cblr-9106	818	7	are	be	AUX
cblr-9106	818	8	material	material	ADJ
cblr-9106	818	9	to	to	ADP
cblr-9106	818	10	investors	investor	NOUN
cblr-9106	818	11	,	,	PUNCT
cblr-9106	818	12	then	then	ADV
cblr-9106	818	13	private	private	ADJ
cblr-9106	818	14	enforcement	enforcement	NOUN
cblr-9106	818	15	is	be	AUX
cblr-9106	818	16	a	a	DET
cblr-9106	818	17	possibility	possibility	NOUN
cblr-9106	818	18	.	.	PUNCT
cblr-9106	819	1	but	but	CCONJ
cblr-9106	819	2	to	to	ADP
cblr-9106	819	3	the	the	DET
cblr-9106	819	4	extent	extent	NOUN
cblr-9106	819	5	that	that	SCONJ
cblr-9106	819	6	disclosures	disclosure	NOUN
cblr-9106	819	7	are	be	AUX
cblr-9106	819	8	mandated	mandate	VERB
cblr-9106	819	9	of	of	ADP
cblr-9106	819	10	information	information	NOUN
cblr-9106	819	11	that	that	PRON
cblr-9106	819	12	is	be	AUX
cblr-9106	819	13	not	not	PART
cblr-9106	819	14	material	material	ADJ
cblr-9106	819	15	to	to	ADP
cblr-9106	819	16	investors	investor	NOUN
cblr-9106	819	17	—	—	PUNCT
cblr-9106	819	18	as	as	ADP
cblr-9106	819	19	with	with	ADV
cblr-9106	819	20	,	,	PUNCT
cblr-9106	819	21	for	for	ADP
cblr-9106	819	22	example	example	NOUN
cblr-9106	819	23	,	,	PUNCT
cblr-9106	819	24	the	the	DET
cblr-9106	819	25	european	european	PROPN
cblr-9106	819	26	union	union	PROPN
cblr-9106	819	27	’s	’s	PART
cblr-9106	819	28	concept	concept	NOUN
cblr-9106	819	29	of	of	ADP
cblr-9106	819	30	“	"	PUNCT
cblr-9106	819	31	double	double	ADJ
cblr-9106	819	32	materiality”240	materiality”240	NOUN
cblr-9106	819	33	—	—	PUNCT
cblr-9106	819	34	then	then	ADV
cblr-9106	819	35	private	private	ADJ
cblr-9106	819	36	enforcement	enforcement	NOUN
cblr-9106	819	37	can	can	AUX
cblr-9106	819	38	not	not	PART
cblr-9106	819	39	be	be	AUX
cblr-9106	819	40	taken	take	VERB
cblr-9106	819	41	for	for	SCONJ
cblr-9106	819	42	granted	grant	VERB
cblr-9106	819	43	.	.	PUNCT
cblr-9106	820	1	it	it	PRON
cblr-9106	820	2	will	will	AUX
cblr-9106	820	3	be	be	AUX
cblr-9106	820	4	necessary	necessary	ADJ
cblr-9106	820	5	therefore	therefore	ADV
cblr-9106	820	6	for	for	SCONJ
cblr-9106	820	7	public	public	ADJ
cblr-9106	820	8	enforcement	enforcement	NOUN
cblr-9106	820	9	to	to	PART
cblr-9106	820	10	be	be	AUX
cblr-9106	820	11	of	of	ADP
cblr-9106	820	12	sufficient	sufficient	ADJ
cblr-9106	820	13	intensity	intensity	NOUN
cblr-9106	820	14	to	to	PART
cblr-9106	820	15	support	support	VERB
cblr-9106	820	16	the	the	DET
cblr-9106	820	17	regime	regime	NOUN
cblr-9106	820	18	’s	’s	PART
cblr-9106	820	19	functioning	functioning	NOUN
cblr-9106	820	20	.	.	PUNCT
cblr-9106	821	1	v.	v.	ADP
cblr-9106	821	2	conclusion	conclusion	NOUN
cblr-9106	821	3	mitigating	mitigate	VERB
cblr-9106	821	4	the	the	DET
cblr-9106	821	5	worst	bad	ADJ
cblr-9106	821	6	consequences	consequence	NOUN
cblr-9106	821	7	of	of	ADP
cblr-9106	821	8	climate	climate	NOUN
cblr-9106	821	9	change	change	NOUN
cblr-9106	821	10	by	by	ADP
cblr-9106	821	11	transitioning	transition	VERB
cblr-9106	821	12	to	to	ADP
cblr-9106	821	13	a	a	DET
cblr-9106	821	14	net	net	ADJ
cblr-9106	821	15	-	-	PUNCT
cblr-9106	821	16	zero	zero	NUM
cblr-9106	821	17	economy	economy	NOUN
cblr-9106	821	18	requires	require	VERB
cblr-9106	821	19	investment	investment	NOUN
cblr-9106	821	20	on	on	ADP
cblr-9106	821	21	a	a	DET
cblr-9106	821	22	large	large	ADJ
cblr-9106	821	23	scale	scale	NOUN
cblr-9106	821	24	.	.	PUNCT
cblr-9106	822	1	directly	directly	ADV
cblr-9106	822	2	pricing	price	VERB
cblr-9106	822	3	emissions	emission	NOUN
cblr-9106	822	4	,	,	PUNCT
cblr-9106	822	5	the	the	DET
cblr-9106	822	6	first	first	ADJ
cblr-9106	822	7	-	-	PUNCT
cblr-9106	822	8	best	good	ADJ
cblr-9106	822	9	solution	solution	NOUN
cblr-9106	822	10	to	to	PART
cblr-9106	822	11	drive	drive	VERB
cblr-9106	822	12	capital	capital	NOUN
cblr-9106	822	13	reallocation	reallocation	NOUN
cblr-9106	822	14	,	,	PUNCT
cblr-9106	822	15	is	be	AUX
cblr-9106	822	16	considered	consider	VERB
cblr-9106	822	17	politically	politically	ADV
cblr-9106	822	18	infeasible	infeasible	ADJ
cblr-9106	822	19	—	—	PUNCT
cblr-9106	822	20	so	so	SCONJ
cblr-9106	822	21	policymakers	policymaker	NOUN
cblr-9106	822	22	instead	instead	ADV
cblr-9106	822	23	put	put	VERB
cblr-9106	822	24	their	their	PRON
cblr-9106	822	25	currency	currency	NOUN
cblr-9106	822	26	towards	towards	ADP
cblr-9106	822	27	facilitating	facilitate	VERB
cblr-9106	822	28	the	the	DET
cblr-9106	822	29	pricing	pricing	NOUN
cblr-9106	822	30	of	of	ADP
cblr-9106	822	31	climate	climate	NOUN
cblr-9106	822	32	risk	risk	NOUN
cblr-9106	822	33	by	by	ADP
cblr-9106	822	34	investors	investor	NOUN
cblr-9106	822	35	.	.	PUNCT
cblr-9106	823	1	yet	yet	ADV
cblr-9106	823	2	,	,	PUNCT
cblr-9106	823	3	investors	investor	NOUN
cblr-9106	823	4	,	,	PUNCT
cblr-9106	823	5	faced	face	VERB
cblr-9106	823	6	with	with	ADP
cblr-9106	823	7	scientific	scientific	ADJ
cblr-9106	823	8	and	and	CCONJ
cblr-9106	823	9	policy	policy	NOUN
cblr-9106	823	10	uncertainty	uncertainty	NOUN
cblr-9106	823	11	around	around	ADP
cblr-9106	823	12	climate	climate	NOUN
cblr-9106	823	13	risks	risk	NOUN
cblr-9106	823	14	compounded	compound	VERB
cblr-9106	823	15	by	by	ADP
cblr-9106	823	16	a	a	DET
cblr-9106	823	17	lack	lack	NOUN
cblr-9106	823	18	of	of	ADP
cblr-9106	823	19	information	information	NOUN
cblr-9106	823	20	about	about	ADP
cblr-9106	823	21	companies	company	NOUN
cblr-9106	823	22	’	'	PUNCT
cblr-9106	823	23	exposures	exposure	NOUN
cblr-9106	823	24	,	,	PUNCT
cblr-9106	823	25	struggle	struggle	VERB
cblr-9106	823	26	to	to	PART
cblr-9106	823	27	do	do	VERB
cblr-9106	823	28	just	just	ADV
cblr-9106	823	29	that	that	PRON
cblr-9106	823	30	.	.	PUNCT
cblr-9106	824	1	current	current	ADJ
cblr-9106	824	2	disclosure	disclosure	NOUN
cblr-9106	824	3	policies	policy	NOUN
cblr-9106	824	4	do	do	AUX
cblr-9106	824	5	not	not	PART
cblr-9106	824	6	require	require	VERB
cblr-9106	824	7	companies	company	NOUN
cblr-9106	824	8	to	to	PART
cblr-9106	824	9	disclose	disclose	VERB
cblr-9106	824	10	the	the	DET
cblr-9106	824	11	information	information	NOUN
cblr-9106	824	12	that	that	PRON
cblr-9106	824	13	investors	investor	NOUN
cblr-9106	824	14	need	need	VERB
cblr-9106	824	15	to	to	PART
cblr-9106	824	16	price	price	VERB
cblr-9106	824	17	climate	climate	NOUN
cblr-9106	824	18	risk	risk	NOUN
cblr-9106	824	19	,	,	PUNCT
cblr-9106	824	20	and	and	CCONJ
cblr-9106	824	21	voluntary	voluntary	ADJ
cblr-9106	824	22	frameworks	framework	NOUN
cblr-9106	824	23	like	like	ADP
cblr-9106	824	24	the	the	DET
cblr-9106	824	25	tcfd	tcfd	NOUN
cblr-9106	824	26	—	—	PUNCT
cblr-9106	824	27	important	important	ADJ
cblr-9106	824	28	as	as	SCONJ
cblr-9106	824	29	they	they	PRON
cblr-9106	824	30	are	be	AUX
cblr-9106	824	31	—	—	PUNCT
cblr-9106	824	32	have	have	AUX
cblr-9106	824	33	failed	fail	VERB
cblr-9106	824	34	to	to	PART
cblr-9106	824	35	turn	turn	VERB
cblr-9106	824	36	the	the	DET
cblr-9106	824	37	tide	tide	NOUN
cblr-9106	824	38	.	.	PUNCT
cblr-9106	825	1	the	the	DET
cblr-9106	825	2	result	result	NOUN
cblr-9106	825	3	is	be	AUX
cblr-9106	825	4	mispricing	misprice	VERB
cblr-9106	825	5	and	and	CCONJ
cblr-9106	825	6	a	a	DET
cblr-9106	825	7	misallocation	misallocation	NOUN
cblr-9106	825	8	of	of	ADP
cblr-9106	825	9	capital	capital	NOUN
cblr-9106	825	10	,	,	PUNCT
cblr-9106	825	11	which	which	PRON
cblr-9106	825	12	harms	harm	VERB
cblr-9106	825	13	investors	investor	NOUN
cblr-9106	825	14	and	and	CCONJ
cblr-9106	825	15	hampers	hamper	VERB
cblr-9106	825	16	the	the	DET
cblr-9106	825	17	net	net	ADJ
cblr-9106	825	18	-	-	PUNCT
cblr-9106	825	19	zero	zero	NUM
cblr-9106	825	20	transition	transition	NOUN
cblr-9106	825	21	.	.	PUNCT
cblr-9106	826	1	based	base	VERB
cblr-9106	826	2	on	on	ADP
cblr-9106	826	3	traditional	traditional	ADJ
cblr-9106	826	4	securities	security	NOUN
cblr-9106	826	5	regulation	regulation	NOUN
cblr-9106	826	6	rationales	rationale	NOUN
cblr-9106	826	7	and	and	CCONJ
cblr-9106	826	8	the	the	DET
cblr-9106	826	9	net	net	ADJ
cblr-9106	826	10	-	-	PUNCT
cblr-9106	826	11	zero	zero	NUM
cblr-9106	826	12	imperative	imperative	NOUN
cblr-9106	826	13	,	,	PUNCT
cblr-9106	826	14	we	we	PRON
cblr-9106	826	15	conclude	conclude	VERB
cblr-9106	826	16	that	that	SCONJ
cblr-9106	826	17	there	there	PRON
cblr-9106	826	18	is	be	VERB
cblr-9106	826	19	a	a	DET
cblr-9106	826	20	case	case	NOUN
cblr-9106	826	21	for	for	ADP
cblr-9106	826	22	mandatory	mandatory	ADJ
cblr-9106	826	23	corporate	corporate	ADJ
cblr-9106	826	24	climate	climate	NOUN
cblr-9106	826	25	disclosures	disclosure	NOUN
cblr-9106	826	26	.	.	PUNCT
cblr-9106	827	1	but	but	CCONJ
cblr-9106	827	2	what	what	PRON
cblr-9106	827	3	should	should	AUX
cblr-9106	827	4	these	these	DET
cblr-9106	827	5	policies	policy	NOUN
cblr-9106	827	6	look	look	VERB
cblr-9106	827	7	like	like	ADP
cblr-9106	827	8	?	?	PUNCT
cblr-9106	828	1	as	as	SCONJ
cblr-9106	828	2	governments	government	NOUN
cblr-9106	828	3	increasingly	increasingly	ADV
cblr-9106	828	4	consider	consider	VERB
cblr-9106	828	5	mandating	mandate	VERB
cblr-9106	828	6	corporate	corporate	ADJ
cblr-9106	828	7	climate	climate	NOUN
cblr-9106	828	8	disclosures	disclosure	NOUN
cblr-9106	828	9	,	,	PUNCT
cblr-9106	828	10	articulating	articulating	ADJ
cblr-9106	828	11	guiding	guide	VERB
cblr-9106	828	12	principles	principle	NOUN
cblr-9106	828	13	against	against	ADP
cblr-9106	828	14	which	which	PRON
cblr-9106	828	15	their	their	PRON
cblr-9106	828	16	proposals	proposal	NOUN
cblr-9106	828	17	can	can	AUX
cblr-9106	828	18	be	be	AUX
cblr-9106	828	19	evaluated	evaluate	VERB
cblr-9106	828	20	becomes	become	VERB
cblr-9106	828	21	important	important	ADJ
cblr-9106	828	22	both	both	PRON
cblr-9106	828	23	to	to	PART
cblr-9106	828	24	support	support	VERB
cblr-9106	828	25	their	their	PRON
cblr-9106	828	26	efforts	effort	NOUN
cblr-9106	828	27	and	and	CCONJ
cblr-9106	828	28	to	to	PART
cblr-9106	828	29	call	call	VERB
cblr-9106	828	30	out	out	ADP
cblr-9106	828	31	policy	policy	NOUN
cblr-9106	828	32	greenwashing	greenwashing	NOUN
cblr-9106	828	33	.	.	PUNCT
cblr-9106	829	1	the	the	DET
cblr-9106	829	2	principles	principle	NOUN
cblr-9106	829	3	we	we	PRON
cblr-9106	829	4	have	have	AUX
cblr-9106	829	5	outlined	outline	VERB
cblr-9106	829	6	go	go	VERB
cblr-9106	829	7	beyond	beyond	ADP
cblr-9106	829	8	the	the	DET
cblr-9106	829	9	emerging	emerge	VERB
cblr-9106	829	10	consensus	consensus	NOUN
cblr-9106	829	11	by	by	ADP
cblr-9106	829	12	extending	extend	VERB
cblr-9106	829	13	disclosure	disclosure	NOUN
cblr-9106	829	14	requirements	requirement	NOUN
cblr-9106	829	15	to	to	ADP
cblr-9106	829	16	raw	raw	ADJ
cblr-9106	829	17	asset	asset	NOUN
cblr-9106	829	18	-	-	PUNCT
cblr-9106	829	19	level	level	NOUN
cblr-9106	829	20	data	datum	NOUN
cblr-9106	829	21	,	,	PUNCT
cblr-9106	829	22	standardizing	standardize	VERB
cblr-9106	829	23	240	240	NUM
cblr-9106	829	24	see	see	NOUN
cblr-9106	829	25	supra	supra	PROPN
cblr-9106	829	26	note	note	PROPN
cblr-9106	829	27	180	180	NUM
cblr-9106	829	28	and	and	CCONJ
cblr-9106	829	29	accompanying	accompany	VERB
cblr-9106	829	30	text	text	NOUN
cblr-9106	829	31	.	.	PUNCT
cblr-9106	830	1	1146	1146	NUM
cblr-9106	830	2	columbia	columbia	PROPN
cblr-9106	830	3	business	business	PROPN
cblr-9106	830	4	law	law	PROPN
cblr-9106	830	5	review	review	NOUN
cblr-9106	830	6	[	[	X
cblr-9106	830	7	vol	vol	NOUN
cblr-9106	830	8	.	.	NOUN
cblr-9106	830	9	2021	2021	NUM
cblr-9106	830	10	transition	transition	NOUN
cblr-9106	830	11	scenarios	scenario	NOUN
cblr-9106	830	12	for	for	ADP
cblr-9106	830	13	climate	climate	NOUN
cblr-9106	830	14	stress	stress	NOUN
cblr-9106	830	15	tests	test	NOUN
cblr-9106	830	16	,	,	PUNCT
cblr-9106	830	17	and	and	CCONJ
cblr-9106	830	18	—	—	PUNCT
cblr-9106	830	19	for	for	ADP
cblr-9106	830	20	sices	sice	NOUN
cblr-9106	830	21	—	—	PUNCT
cblr-9106	830	22	demanding	demand	VERB
cblr-9106	830	23	disclosure	disclosure	NOUN
cblr-9106	830	24	of	of	ADP
cblr-9106	830	25	scope	scope	NOUN
cblr-9106	830	26	3	3	NUM
cblr-9106	830	27	emissions	emission	NOUN
cblr-9106	830	28	and	and	CCONJ
cblr-9106	830	29	more	more	ADJ
cblr-9106	830	30	information	information	NOUN
cblr-9106	830	31	about	about	ADP
cblr-9106	830	32	their	their	PRON
cblr-9106	830	33	net	net	ADJ
cblr-9106	830	34	-	-	PUNCT
cblr-9106	830	35	zero	zero	NUM
cblr-9106	830	36	pledges	pledge	NOUN
cblr-9106	830	37	.	.	PUNCT
cblr-9106	831	1	even	even	ADV
cblr-9106	831	2	if	if	SCONJ
cblr-9106	831	3	appropriately	appropriately	ADV
cblr-9106	831	4	implemented	implement	VERB
cblr-9106	831	5	through	through	ADP
cblr-9106	831	6	a	a	DET
cblr-9106	831	7	regulatory	regulatory	ADJ
cblr-9106	831	8	architecture	architecture	NOUN
cblr-9106	831	9	that	that	PRON
cblr-9106	831	10	is	be	AUX
cblr-9106	831	11	sufficiently	sufficiently	ADV
cblr-9106	831	12	dynamic	dynamic	ADJ
cblr-9106	831	13	and	and	CCONJ
cblr-9106	831	14	adaptive	adaptive	ADJ
cblr-9106	831	15	,	,	PUNCT
cblr-9106	831	16	improved	improve	VERB
cblr-9106	831	17	corporate	corporate	ADJ
cblr-9106	831	18	climate	climate	NOUN
cblr-9106	831	19	disclosures	disclosure	NOUN
cblr-9106	831	20	are	be	AUX
cblr-9106	831	21	no	no	DET
cblr-9106	831	22	silver	silver	ADJ
cblr-9106	831	23	bullet	bullet	NOUN
cblr-9106	831	24	.	.	PUNCT
cblr-9106	832	1	however	however	ADV
cblr-9106	832	2	,	,	PUNCT
cblr-9106	832	3	they	they	PRON
cblr-9106	832	4	may	may	AUX
cblr-9106	832	5	contribute	contribute	VERB
cblr-9106	832	6	to	to	ADP
cblr-9106	832	7	a	a	DET
cblr-9106	832	8	learning	learning	NOUN
cblr-9106	832	9	process	process	NOUN
cblr-9106	832	10	that	that	PRON
cblr-9106	832	11	leaves	leave	VERB
cblr-9106	832	12	issuers	issuer	NOUN
cblr-9106	832	13	,	,	PUNCT
cblr-9106	832	14	investors	investor	NOUN
cblr-9106	832	15	,	,	PUNCT
cblr-9106	832	16	the	the	DET
cblr-9106	832	17	market	market	NOUN
cblr-9106	832	18	,	,	PUNCT
cblr-9106	832	19	and	and	CCONJ
cblr-9106	832	20	society	society	NOUN
cblr-9106	832	21	at	at	ADP
cblr-9106	832	22	large	large	ADJ
cblr-9106	832	23	better	well	ADV
cblr-9106	832	24	attuned	attuned	ADJ
cblr-9106	832	25	to	to	ADP
cblr-9106	832	26	the	the	DET
cblr-9106	832	27	challenges	challenge	NOUN
cblr-9106	832	28	and	and	CCONJ
cblr-9106	832	29	opportunities	opportunity	NOUN
cblr-9106	832	30	of	of	ADP
cblr-9106	832	31	the	the	DET
cblr-9106	832	32	net	net	ADJ
cblr-9106	832	33	-	-	PUNCT
cblr-9106	832	34	zero	zero	NUM
cblr-9106	832	35	transition	transition	NOUN
cblr-9106	832	36	.	.	PUNCT