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2023 Moskowitz Prize Awarded To Research Measuring Financial Impact of Biodiversity Loss — Plus Honorable Mention Studies

3BL Media

The award, which recognizes high-impact research in sustainable finance, was presented to Stefano Giglio (Yale School of Management), Theresa Kuchler (NYU Stern), Johannes Stroebel (NYU Stern), and Xuran Zeng (NYU Stern).

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ESG isn’t a scam. Here’s why.

Corporate Knights

Tariq Fancy, former BlackRock chief investment officer for sustainable investing, in a recent TEDx talk called fossil fuel divestment a placebo, equating it to giving wheatgrass juice to a cancer patient. These comments also show that there is a massive skills gap in the sustainable investment industry.

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Take Five: Breaking Point

Chris Hall

Across the sustainable investment landscape, resources, patience and credibility are all being stretched. – Asset managers are hiring ESG and sustainability staff, you won’t be surprised to learn, and they’re almost certainly not alone. A selection of this week’s major stories impacting ESG investors, in five easy pieces. 

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Take Five: The New Pay Gap 

Chris Hall

Despite many pension funds declaring their frustration at laggardly transition planning in the sector, as engagement yields limited results, divestment still seems to be the hardest word. As such, it is a concern that the blueprint for a state-level ban on integrating ESG factors into investment decisions was passed in Florida this week.

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Let the Climate Finance Flow

Chris Hall

The impetus for net zero following the Paris COP came from the academic community, was endorsed and framed by policymakers, and requires business model change, often radical, to be implemented by corporates. “We have to acknowledge that with the transition to net zero, finance is an enabler not really the driver.”. Engagement ring.

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All Systems go for Net Zero

Chris Hall

Paul Lee, Head of Stewardship and Sustainable Investment Strategy at investment consultancy Redington, says concerns that fiduciary duty may constrain investor action on climate change or indeed ESG risks more broadly are overstated.

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Stewardship Nears Breaking Point

Chris Hall

However, as institutional investors, academics, NGOs, investor networks and data providers congregated in London last week for ESG Investor ’s inaugural Stewardship Summit , it became clear that many asset owners lack the resources necessary to fulfil their engagement ambitions.