Climate Risk Survey
Investors continue to ask for more investment strategies that target environment and sustainability. When it comes to capability to manage financial risks due to climate change, how far along are firms in addressing the issues? The second annual global survey of climate risk management at financial firms, sponsored by the Global Association of Risk Professionals (GARP), was presented in a webinar on September 22, 2020. The report is co-authored by Jo Paisley, Co-President, and Maxine Nelson, Senior Vice President at GARP. Paisley began by taking a quick poll of the audience, chiefly GARP members. “Why are you interested in the […]
ESG disclosures: apples vs oranges
When it comes to environmental, social, and governance (ESG) funds, do you feel like we are still comparing apples with oranges? Isn’t it time for a global voluntary standard? “There’s been an explosion of interest in ESG investing, but the inconsistency in ESG-related disclosures could lead to an erosion of trust in the industry,” said Deborah Kidd, who is a director with the Global Industry Standards (GIPS). She was the first of two panelists who presented a consultation paper on “ESG Disclosure Standards for Investment Products” at a webinar titled “Improving Transparency and Comparability of Investment Products with ESG-related Features” […]
Psychology of Money
In 2009, award-winning journalist Morgan Housel was awash in information about the 2008 financial collapse. Yet, try as he might, he could not find the answer to the question: “Why did people behave the way they did?” This is what led him to start formulating notes for what became a blog, and eventually a book titled The Psychology of Money: Timeless lessons on wealth, greed, and happiness (Harriman House, 2020). The book was launched on September 8. “What is a person’s relationship with greed and fear? The psychological side of investing is the most important side,” Housel said, “because if you […]