Key Takeaways
- • Tariq Fancy, former Chief Investment Officer for Sustainable Investing at BlackRock, authored the first installment of a piece titled "The Secret Diary of a 'Sustainable Investor'", published by Top1000funds.com in September 2021.
- • The page is a sustainability section roundup that features Princeton University research on a US net zero blueprint, a Sustainability in Practice panel on systemic disclosure risk, and an IEA and Imperial College report on renewable returns.
- • Panelists at Sustainability in Practice, including Norges Bank's chief governance and compliance officer Carine Smith Ihenacho, said poor corporate sustainability disclosure and the lack of global standards now constitute a systemic risk for investors.
- • A joint IEA and Imperial College Centre for Climate Finance & Investment report found that across all portfolios examined, renewable power generated higher total returns than fossil fuels.
- • Robeco's Victor Verberk expects policy responses such as taxes or import tariffs to have a "devastating impact" on companies, creating winners and losers.
Summary
Top1000funds.com published Part 1 of "The Secret Diary of a 'Sustainable Investor'" in its Sustainability Digital section in September 2021. The excerpt available in the source is a brief introduction by Tariq Fancy, identified as former CIO for Sustainable Investing, and the full text is available only to subscribers. The page does not reproduce the diary's content, so this summary cannot address its specific arguments.
The surrounding coverage on the same page offers context on the sustainability debate among institutional investors. Research from Princeton University sets out a blueprint for the United States to reach net zero emissions within the next decade. According to the research, the main obstacles are execution challenges, including infrastructure deployment and the mobilisation of capital and labour.
At the Sustainability in Practice event, panellists argued that poor corporate sustainability disclosure and the absence of global standards now represent a systemic risk for investors. Carine Smith Ihenacho, chief governance and compliance officer at Norges Bank, was among the panellists. Separately, a joint report by the International Energy Agency and the Centre for Climate Finance & Investment at Imperial College found that renewable power generated higher total returns than fossil fuels across all portfolios examined.
Other items on the page cover ESG data and ratings, with Michael Trotsky, executive director and CIO of PRIM, describing an MIT initiative aimed at improving ESG data, ratings and products. AP4's head of alternatives, Jenny Askfelt Ruud, described how the Swedish pension fund avoids some sectors under its decarbonisation strategy while investing in companies driving the transition. Scenario analysis presented at the same event suggested climate could severely affect pension funds' ability to pay benefits. Finally, Victor Verberk, CIO of fixed income and sustainability at Robeco, expects policy responses such as taxes or import tariffs to be the next pivotal step in sustainable investing.
The surrounding coverage on the same page offers context on the sustainability debate among institutional investors. Research from Princeton University sets out a blueprint for the United States to reach net zero emissions within the next decade. According to the research, the main obstacles are execution challenges, including infrastructure deployment and the mobilisation of capital and labour.
At the Sustainability in Practice event, panellists argued that poor corporate sustainability disclosure and the absence of global standards now represent a systemic risk for investors. Carine Smith Ihenacho, chief governance and compliance officer at Norges Bank, was among the panellists. Separately, a joint report by the International Energy Agency and the Centre for Climate Finance & Investment at Imperial College found that renewable power generated higher total returns than fossil fuels across all portfolios examined.
Other items on the page cover ESG data and ratings, with Michael Trotsky, executive director and CIO of PRIM, describing an MIT initiative aimed at improving ESG data, ratings and products. AP4's head of alternatives, Jenny Askfelt Ruud, described how the Swedish pension fund avoids some sectors under its decarbonisation strategy while investing in companies driving the transition. Scenario analysis presented at the same event suggested climate could severely affect pension funds' ability to pay benefits. Finally, Victor Verberk, CIO of fixed income and sustainability at Robeco, expects policy responses such as taxes or import tariffs to be the next pivotal step in sustainable investing.
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