Prof. Thomas Giroux

Thomas Giroux is Assistant Professor in Sustainable Finance in the Department of Management, Technology, and Economics, ETH Zurich. Before joining ETH Zurich, he was Co-head of the Mirova Research Center and global equity portfolio manager. He holds a Ph.D. in Quantitative Sustainable Finance from CREST / Institut Polytechnique de Paris.

Professor Giroux's research examines how climate and nature shape financial returns and how investors can drive meaningful sustainability outcomes. His work spans sustainable finance, impact investing, and risk modelling across public and private markets in both developed and emerging economies. 
In public markets, his asset-pricing research develops new econometric models that reveal the growing transition risks associated with climate change and biodiversity loss, particularly in developed economies. In private markets, his studies on impact investing demonstrate the existence of a three-dimensional efficient frontier—capturing expected risk, return, and impact—and underscore the role of de-risking tools such as blended finance in shifting this frontier toward more impactful investments, especially in emerging markets.
Combining academic rigor with industry insight, Professor Giroux seeks to produce actionable guidance for investors and regulators, ultimately helping to align the financial system with planetary and societal well-being. 
 

• Financial Markets
  • Information and Market Efficiency
  • International Financial Markets and Emerging Markets
• Portfolio Management and Asset Classes
  • Asset Pricing
  • Equities
  • Portfolio Management
• Financial Institutions
  • Independent Asset Managers
  • Institutional Investors and Funds
• Corporate Finance and Governance
  • Financial Risk and Risk Management
• Frontier Topics
  • Sustainable Finance