Climate Change, ESG, and What Should Investors Do?

Money For the Rest of Us

J. David Stein

Investing, Investing Podcast, Business, Economics, Economy

4.5 • 1.4K Ratings

🗓️ 28 April 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How businesses, households, governments, asset managers, and investors interact in unpredictable ways to address the risks and opportunities related to climate change and other global trends. Why ESG investing goes beyond just buying an ESG fund or ETF.

Topics covered include:

What are incentives, constraints, opportunities, and risks faced by businesses, households, governments, asset managers, and investors when deciding what to do.
What is ESG and sustainable investing
What are the different levels of sustainable investing practiced by investors and asset managers
How investors can benefit from emerging technologies to combat climate change

Thanks to Mint Mobile and Clear for sponsoring the episode. Use code David for two months free of Clear.

For more information on this episode click here.

Show Notes

The Beauty of Everyday Things by Soetsu Yanagi (affiliate link)

Darmstadt Definition of Sustainable Investments by Johannes Hoffmann, Gerhard Scherhorn, Timo Busch (eds.)—Wuppertal Institute

FACT SHEET: President Biden Sets 2030 Greenhouse Gas Pollution Reduction Target Aimed at Creating Good-Paying Union Jobs and Securing U.S. Leadership on Clean Energy Technologies, APRIL 22, 2021—The White House

CDP Climate Charity

Drawdown Framework—Project Drawdown

‘I Will Get Very Serious About ESG — But Not Yet,’ Allocators Claim by Amy Whyte—Institutional Investor

How Sensitive are Optimal Fully Renewable Power Systems to Technology Cost Uncertainty? by Behrang Shirizadeh, Quentin Perrier, and Philippe Quirion

Techno-optimism, behaviour change and planetary boundaries by Adair Turner—Keele World Affairs Lectures on Sustainability

Activate Your Money: Invest to Grow Your Wealth and Build a Better World 1st Edition by Janine Firpo (affiliate link)

Making Sense Podcast 244 - Food, Climate, and Pandemic Risk—Sam Harris

Why Invest in Disruptive Innovation?—Ark Invest

Related Episodes

77: Does Ethical Investing Outperform the Market?

118: Are Renewable Energy ETFs a Good Investment?

140: How Climate Change Could Impact Your Investments and Your Life

251: Impact Investing and Intentionality

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Transcript

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0:00.0	Welcome to Money for the Rest of Us. This is a personal financial on money, how it works,
0:05.9	how to invest and how to live without worrying about it. I'm your host David Stein, today
0:10.6	is episode 340. It's titled ESG Climate Change and What Should We Do As Investors.
0:19.2	A month or so ago I got an email from a member of Money for the Rest of Us Plus and she
0:24.1	mentioned that she and her family was caught in the Oregon Wildfires last September and it was
0:31.2	an unforgettable experience. She actually updated their disaster preparedness tools after that trip.
0:38.9	She writes, I believe we are in the cusp of massive change in every arena I can think of which
0:44.7	makes it very hard to plan for the future. I remain hopeful that most of these changes will be
0:49.8	for the best. The one change that deeply troubles me and my grown kids is climate change.
0:56.5	The effects are accelerating and impossible to ignore. I would love to hear a podcast on investment
1:02.4	strategies to support climate change solution technologies. I'm ready to become more aggressive
1:07.6	in this area but I am not sure where to start. Later she wrote that she favored investing in
1:15.3	baskets so more diversified pools rather than individual companies. In some ways, climate change,
1:23.6	ESG, which stands for Environmental, Social and Governance Criteria that is used to evaluate
1:30.5	stocks, value-based investing, impact investing, it's a little overwhelming. It's not as
1:40.0	simple as buying an ETF or identifying a manager. It is so much more than that. There are indeed
1:47.2	massive changes coming and as I thought about how to answer her question, I had to step back and
1:55.1	put a framework together that helped me really figure out, well, should I be doing more?
2:02.2	How will things evolve going forward and are there opportunities there and what are the risk?
2:08.1	In the last few weeks, I've been reading a book by Suetsu Yanagi called The Beauty of Everyday Things.
2:16.4	Yanagi was a Japanese art critic and philosopher and this book was written in the 1930s.
2:23.2	One of the chapters was on patterns. The beautiful patterns you find on everyday objects such as
	...

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