Evidence map›Paper›PMID 41193431›Full record

ArticleNature communications2025

Tracking business opportunities for climate solutions using AI in regulated accounting reports.

Shirley Lu, George Serafeim, Simon Xu, MarcAntonio Awada

Abstract read
In one paragraph

Article in Nature communications, 2025. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 2 papers.

0numbers the graph read from it
0cells of the map it votes in
2citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

2 citing papers in PubMed.

  1. Article
  2. Article
4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

4 authors.

Shirley LuHarvard Business School, Harvard University, Boston, MA, USA. slu@hbs.edu.ORCID http://orcid.org/0000-0001-9878-8243
George SerafeimHarvard Business School, Harvard University, Boston, MA, USA.
Simon XuHarvard Business School, Harvard University, Boston, MA, USA.
MarcAntonio AwadaHarvard Business School and Harvard Extension School, Harvard University, Boston, MA, USA.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

The transition to a low-carbon economy offers substantial business opportunities, yet most research focuses on risks. This study develops a metric to identify firms advancing "climate solutions" by applying large language models to 39,710 10-K filings from 4,483 U.S. firms (2005-2022). The metric reveals a rising emphasis on climate solutions, validated by its responsiveness to policy shocks (e.g., Inflation Reduction Act) and correlation with green revenues and innovation indicators. We apply the measure to three inquiries: (i) firms engaged in climate solutions experience higher revenue growth, especially in sectors with strong intellectual property protection and technologies with high abatement potential; (ii) a modest political divide exists, with firms located in states with predominantly Republican voting patterns exhibiting lower climate solutions-a gap that narrows for low-cost technologies; and (iii) seemingly unrelated industries converge around shared technologies, reflected in higher stock return synchronicity. These results illustrate the value of AI-based analysis of regulatory filings for uncovering climate-related business opportunities.

Identifiers

PMID41193431
PMCPMC12589618

What OpenQuestion holds

Textmetadata
LicenceCC BY
Read underepoch 390

Registered trials

None linked

Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.