Do Corporate Controversies Help or Hurt Performance?. Chapter 5 The Case for Climate Change as the Paramount Fiduciary Issue Facing Institutional Investors Paul Q. Chapter 9 Carbon as an Investment Opportunity Jurgen Weiss, Ph. If a director, however highly qualified, is not willing to accept this broad mandate, then a manager should pass on the candidate. Chapter 4 Risks and their Impact on Institutional Investors Mindy Lubber. This dichotomous structure is specious and unproductive. A Study of Three Portfolio Strategies - Lee et al.
Chapter 15 Corporate Responsibility and Environmental Investing Tony Hoskins and Martin Batt. Calvello has over 25 years of experience in the institutional investment industry and holds a PhD in Contemporary European Philosophy from DePaul University. This book will put you in a better position to assess and access these opportunities. Calvello is co-founder of Rosetta Analytics, Inc. The definitive guide to how institutional investors should approach the risks and opportunities associated with climate change Environmental Alpha provides institutional investors with the comprehensive framework they need to assess the risks and investment opportunities tied to climate change. Climate change has the potential to affect many sectors in radically different degrees over time, and institutional investors need to have a thorough understanding of the multi-dimensional risks and opportunities that could influence nearly every investment in their portfolios.
This posture of engagement should then infuse the process of selecting independent directors. Climate change will present institutional investors with some of the most important risks and opportunities they will face for generations to come. Given this alignment of interests and the existence of genuine independence, there is no a priori reason that a director should not engage with the manager on a variety of topics, including the customary legal, compliance, governance, operational, and accounting and audit matters as well as issues related to investment strategy, risk management, distribution and sales, and strategic planning. He is the author of Environmental Alpha: Institutional Investors and Climate Change Wiley 2009 , Founder and Publisher of the Journal of Environmental Investing, and member of the Chicago Quantitative Alliance. The Application of Machine Learning to Sustainable Finance - Allen et al. Additionally, I would argue, managers should add directors with substantial investment knowledge, including direct hands-on experience with running a hedge fund and a genuine understanding of investment strategies and risk management techniques. A contributory board would, of course, have experience in governance, legal and regulatory matters, accounting, audits, compliance, fund administration, and operational matters.
A Methodology for Assessment of Corporate Responsibility on Climate Change: A Case Study of the Fossil Energy Industry - Goldman et al. But in the past four years, I have altered my thinking. This book will put you in a better position to assess and access these opportunities. Chapter 12 Effective Clean Tech Investing Russell Read, Ph. Why would any investor invest in a fund without this explicit alignment of interests? Proposing Constant Currency as a Revenue-Based Denominator to Measure Greenhouse Gas Intensity: A Case Study from the Industrial Gases Sector - Krut et al. Chapter 7 Taxonomy of Environmental Investments Angelo A.
A Geofinancial Engineering Initiative: Using Real-Time Environmental Data from Satellites to Move Financial Markets and Improve Climate Outcomes - Kriss et al. Neal Award for best commentary. This volume is composed of contributions by leading experts in environmental investment, moving beyond the theoretical or academic nature of much of the current discussion on the topic to provide you with real-world insights into an emerging market. Chapter 2 The Economics of the Climate Change Challenge Dimitri Zenghelis. Chapter 8 Investing in Climate Change Mark Fulton and Bruce Kahn, Ph. It is incredibly difficult to change an entrenched, myopic perspective.
Climate change has the potential to affect many sectors in radically different degrees over time, and institutional investors need to have a thorough understanding of the multi-dimensional risks and opportunities that could influence nearly every investment in their portfolios. Climate change will present institutional investors with some of the most important risks and opportunities they will face for generations to come. This volume is composed of contributions by leading experts in environmental investment, moving beyond the theoretical or academic nature of much of the current discussion on the topic to provide you with real-world insights into an emerging market. Chapter 14 A Collaborative Response to Climate Change By Danyelle Guyatt, Ph. Chapter 16 Beyond Best Practices Angelo A. Beyond the usual due diligence considerations director experience, number of directorships, etc.
Significantly, the ecosystem of a board should encourage constructive interaction between directors; the directors must work well together and be able to communicate candidly and without pretense. Chapter 11 Liquid Alpha The Case for Investing In Water Rod Parsley and Hua Liu. Chapter 13 Sustainable Commercial Property Tim Dixon, Ph. It all starts with the manager adopting a posture of engagement, whereby the manager is willing and able to actively and regularly engage with the board on a broad range of issues. And I tended to view directors, whose purpose is to exercise their sole fiduciary duty of protecting investors, more as adversaries rather than as advisor.
With the proper attitude of engagement and the appropriate board composition and dynamic, a manager should expect to receive important benefits, not the least of which is to gain and keep the confidence of investors. Climate Change: A Cluster Concept. Chapter 1 The Science of Climate Change Richard A. The key caveat is that the director must be both truly professional and independent. Chapter 3 Climate Change Policy What Investors Need to Know David Gardiner.