<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Equity investors are increasingly taking emissions into account</label>
    <description><![CDATA[Percentage change in the price-to-book ratio for a 1% change in emissions per year, by level of emissions

This chart plots β_1+2β_2 〖log⁡〖(emissions)〗〗_(i,t-1)+β_3×δ_t from the equation in the Appendix.

FactSet, Morgan Stanley Capital International, Refinitiv and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=232490</link>
    <metadata>
          </metadata>
</groupDetail>
<seriesDetail>
<series id="SAN_GRIE20230302_C4_S1">
<label>10ᵗʰ percentile of emissions</label>
<description></description>
<dimension key="d" name="Date"/>
<dateFormat>daily</dateFormat>
    <metadata>
          </metadata>
</series>
<series id="SAN_GRIE20230302_C4_S2">
<label>Median emissions</label>
<description></description>
<dimension key="d" name="Date"/>
<dateFormat>daily</dateFormat>
    <metadata>
          </metadata>
</series>
<series id="SAN_GRIE20230302_C4_S3">
<label>90ᵗʰ percentile of emissions</label>
<description></description>
<dimension key="d" name="Date"/>
<dateFormat>daily</dateFormat>
    <metadata>
          </metadata>
</series>
</seriesDetail>
<observations>
<o d="2008-12-31"><v s="SAN_GRIE20230302_C4_S1">0.07</v><v s="SAN_GRIE20230302_C4_S2">0.03</v><v s="SAN_GRIE20230302_C4_S3">0.00</v></o>
<o d="2009-12-31"><v s="SAN_GRIE20230302_C4_S1">0.06</v><v s="SAN_GRIE20230302_C4_S2">0.00</v><v s="SAN_GRIE20230302_C4_S3">-0.06</v></o>
<o d="2010-12-31"><v s="SAN_GRIE20230302_C4_S3">-0.10</v><v s="SAN_GRIE20230302_C4_S1">0.02</v><v s="SAN_GRIE20230302_C4_S2">-0.04</v></o>
<o d="2011-12-31"><v s="SAN_GRIE20230302_C4_S3">-0.09</v><v s="SAN_GRIE20230302_C4_S1">0.02</v><v s="SAN_GRIE20230302_C4_S2">-0.03</v></o>
<o d="2012-12-31"><v s="SAN_GRIE20230302_C4_S3">-0.09</v><v s="SAN_GRIE20230302_C4_S1">0.02</v><v s="SAN_GRIE20230302_C4_S2">-0.04</v></o>
<o d="2013-12-31"><v s="SAN_GRIE20230302_C4_S3">-0.10</v><v s="SAN_GRIE20230302_C4_S1">0.01</v><v s="SAN_GRIE20230302_C4_S2">-0.04</v></o>
<o d="2014-12-31"><v s="SAN_GRIE20230302_C4_S3">-0.10</v><v s="SAN_GRIE20230302_C4_S2">-0.05</v><v s="SAN_GRIE20230302_C4_S1">0.01</v></o>
<o d="2015-12-31"><v s="SAN_GRIE20230302_C4_S3">-0.12</v><v s="SAN_GRIE20230302_C4_S1">-0.01</v><v s="SAN_GRIE20230302_C4_S2">-0.07</v></o>
<o d="2016-12-31"><v s="SAN_GRIE20230302_C4_S2">-0.06</v><v s="SAN_GRIE20230302_C4_S3">-0.12</v><v s="SAN_GRIE20230302_C4_S1">0.00</v></o>
<o d="2017-12-31"><v s="SAN_GRIE20230302_C4_S1">-0.02</v><v s="SAN_GRIE20230302_C4_S3">-0.14</v><v s="SAN_GRIE20230302_C4_S2">-0.08</v></o>
<o d="2018-12-31"><v s="SAN_GRIE20230302_C4_S1">-0.03</v><v s="SAN_GRIE20230302_C4_S2">-0.09</v><v s="SAN_GRIE20230302_C4_S3">-0.14</v></o>
<o d="2019-12-31"><v s="SAN_GRIE20230302_C4_S1">-0.04</v><v s="SAN_GRIE20230302_C4_S2">-0.10</v><v s="SAN_GRIE20230302_C4_S3">-0.15</v></o>
<o d="2020-12-31"><v s="SAN_GRIE20230302_C4_S1">-0.02</v><v s="SAN_GRIE20230302_C4_S2">-0.09</v><v s="SAN_GRIE20230302_C4_S3">-0.14</v></o>
</observations>
</data>