Moskowitz Prize for Socially Responsible Investing

Winning the prestigious Moskowitz Prize—the only global award that recognizes outstanding quantitative research in socially responsible investing (SRI)—is no small feat. Since 1996, when US SIF helped to launch the annual prize, winners have explored topics like shareholder activism, socially responsible mutual funds and whether social responsibility in investing is a catalyst to financial performance.

Congratulations to the 2015 Moskowitz Prize Winner: Philipp Krüger, Assistant Professor of Responsible Finance at the University of Geneva and Junior Chair at the Swiss Finance Institute, was selected for his paper "Climate Change and Firm Valuation: Evidence from a Quasi-Natural Experiment.” Please click here to read more about this year’s and previous years' Moskowitz Prize Winners.

Caroline Flammer

Studies are reviewed by an expert panel of judges from both academic and investment circles, and the winning paper is awarded $5,000 and announced at the annual SRI Conference. Papers are judged on the following criteria:

  1. Practical significance to practitioners of socially responsible investing
  2. Appropriateness and rigor of quantitative methods
  3. Novelty of results

About the Prize

The Moskowitz Prize is named for Milton Moskowitz, one of the first investigators to publish comparisons of the financial performance of screened and unscreened portfolios, including “The 100 Best Companies to Work for in America.”  This year marks the 20th anniversary of this academic prize. Sponsors for the Prize include Calvert GroupFirst Affirmative Financial NetworkNelson Capital ManagementNeuberger Berman, Rockefeller and Co., and Trillium Asset Management.

Moskowitz Prize Submissions

Please return to this site in the coming months to view the 2016 Moskowitz Prize submission information.  

For questions regarding submission, please contact Program Manager Kate Alper at; for other questions regarding the Moskowitz Prize, please contact Faculty Co-Chairs Lloyd Kurtz at or Nadja Guenster at

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First Person

Philipp Krüger, 2015 Award Recipient
University of Geneva

"Philipp Krüger’s 2015 Moskowitz Prize-winning paper, “Climate Change and Firm Valuation: Evidence From a Quasi-Natural Experiment" supports the hypothesis that markets value transparency regarding corporate climate change risk. This fascinating, rigorous, and beautifully written article makes an important contribution to the field of sustainable investing and will serve as a model for future research in this subject.”

–Lisa R. Goldberg, PhD, Co-Director of the Consortium for Data Analytics in Risk & Adjunct Professor of Economics and Statistics at UC Berkeley