Jeff Gitterman
Science & Investing: Addressing the Climate Imperative
In partnership with the Climate Group and FINTECH.TV, The Nest Summit is an official event of Climate Week NYC, dedicated to advancing sustainability in the US by convening the organizations, visionary researchers, and influential policymakers driving climate action and leading the way to a cleaner and safer environment.Tackling the increasingly urgent issue of climate change will require enormous amounts of capital—invested smartly. In that effort, climate scientists and investors can learn a lot from each other, an idea behind the collaboration among the investment professionals at AllianceBernstein and Columbia University’s climate experts. At all levels of the firm, AB is dedicated to asking the right questions and uncovering evidence to understand climate-related issues, make rational decisions, and identify solutions for the planet and the investment landscape.
Simulating Grounded Hope for the Climate: An Interactive Experience
In partnership with the Climate Group and FINTECH.TV, The Nest Summit is an official event of Climate Week NYC, dedicated to advancing sustainability in the US by convening the organizations, visionary researchers, and influential policymakers driving climate action and leading the way to a cleaner and safer environment.In this interactive session, Andrew Jones of Climate Interactive and Gerold Koch of DWS will guide Governor Bill Ritter in creating his vision of a positive climate future using the decision-maker-oriented En-ROADS computer simulation. They will explore system-wide global solutions to climate change, including renewable energy, oil policy, carbon removal, energy efficiency, carbon pricing, electrification, and other policies. The simulator was built by Climate Interactive and MIT Sloan and has been used in settings ranging from the US Congress to the U.N. Secretary-General’s climate team to HSBC. Climate Interactive and MIT Sloan previously developed “C-ROADS”, the climate simulation that was used by John Holdren, Jonathan Pershing, and John Kerry in support of the Copenhagen and Paris climate summits.
Climate Risk Analysis and Financial Services: Best Practices
In partnership with the Climate Group and FINTECH.TV, The Nest Summit is an official event of Climate Week NYC, dedicated to advancing sustainability in the US by convening the organizations, visionary researchers, and influential policymakers driving climate action and leading the way to a cleaner and safer environment.The goal of the Climate Service is to help investors, companies, and communities to understand their risks from the changing climate, and the opportunities from the transition to a low-carbon economy. Backed by an Advisory Board including 4 IPCC Nobel Prize-winning scientists, and strategic partners including Aon, IBM, the AICPA, and LMI Consulting, our mission is to embed climate risk data into financial decision-making and facilitate the world’s transition to a lower-carbon economy. The Climate Service Climanomics® software platform enables climate risk reporting and disclosure consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) framework. Outputs from the platform measure and report transition and physical risk and opportunities in financial terms under different climate scenarios. Trusted by clients including the world’s largest banks, asset managers, real estate investors, Fortune 500 firms, and public bodies including the Federal Government, the platform was recently identified as a leader in climate risk analytics by Forrester Research. Investors and regulators around the world have been refining guidance on climate risk and moving closer, in a variety of ways, to making climate risk and TCFD reporting mandatory. The UK just announced its largest pension funds must publish disclosures by the end of 2022. UK banks and insurers are required to do so by the end of 2021. The Canadian government recently tied COVID recovery loans to climate risk reporting, and more. Financial institutions worldwide are employing the Climanomics® platform to support scenario analysis, model physical and transition risks as well as opportunities. During this session, Joseph Lake will touch on key best practices for climate risk analysis in financial services. This address will be given by Joseph Lake, COO of The Climate Service.
Municipal Bond Data and Climate Risk
In partnership with the Climate Group and FINTECH.TV, The Nest Summit is an official event of Climate Week NYC, dedicated to advancing sustainability in the US by convening the organizations, visionary researchers, and influential policymakers driving climate action and leading the way to a cleaner and safer environment.Municipal bond issuers are where the rubber meets the road on climate risk in the US. At the same tie as they must fund and execute climate adaptation and resilience projects for their jurisdictions and customers, the property value, infrastructure, and populations that underpin their financial health represent exposures to climate risk that will only grow with climate change. With data specific to all bond issuers and obligors now available to assess the need for investment and the risks of not doing so, thought leaders in fixed income are now deploying and integrating this data into strategies, workflows, and decisions. The panelists; Andrew Teras and Chris Hartshorn couple the perspectives of risQ, the emerging municipal climate risk data, and analytics provider, with Breckinridge, an established leader in thematic ESG fixed income investing, and how the municipal bond ecosystem can maximize its value and impact on maximizing climate hygiene.
Inequality, Housing and Climate Change
In partnership with the Climate Group and FINTECH.TV, The Nest Summit is an official event of Climate Week NYC, dedicated to advancing sustainability in the US by convening the organizations, visionary researchers, and influential policymakers driving climate action and leading the way to a cleaner and safer environment.Climate change exacerbates inequalities for low-income families in developing countries and in industrialized, wealthy ones as the Mother transcends all borders, languages, religions, and regional environmental issues. The underprivileged are of particular importance when planning, experts say, due to the nature of how countries, economies, and communities develop, integrate, and evolve with complementary aspects of humanity. One way to reduce the immediate and long-term impact of a disaster on low-income renters is to ensure that the rental properties they live in (affordable housing) can remain functional throughout the disaster and bounce back to normal operations quickly afterward. Lisa Davis from PGIM Real Estate discusses with Jeffery Gitterman at the Nest Summit.
Climate Risk and the Capital Markets
In partnership with the Climate Group and FINTECH.TV, The Nest Summit is an official event of Climate Week NYC, dedicated to advancing sustainability in the US by convening the organizations, visionary researchers, and influential policymakers driving climate action and leading the way to a cleaner and safer environment.Climate change creates risks and opportunities for the private sector in emerging markets and may impact financial institutions' performance and the companies they invest in. During the last 10,000 years, our climate has been very stable, and now is becoming unstable. Financial models that we are using models that are missing variables as they were designed without considering the non-linear changes. Spencer Glendon helps us better understand the fundamental risk that capital markets have with the inability to consider climate changes.
Climate Change & Shareholder Engagement with Bruce Duguid and Mark Sherlock
In partnership with the Climate Group and FINTECH.TV, The Nest Summit is an official event of Climate Week NYC, dedicated to advancing sustainability in the US by convening the organizations, visionary researchers, and influential policymakers driving climate action and leading the way to a cleaner and safer environment.Nearly all companies have exposure to climate change; we must commit to zero the carbon emission at the highest level. Shareholder engagement had never been more crucial on climate change that now, taking ownership of the decision-making of climate change adaption will improve long-term sustainability and stakeholder buy-in of climate change adaption interventions. Bruce Duguid and Mark Sherlock explain the importance of investment and engagement rather than divesting, how significant climate change is for stewardship, and some notable companies are working towards zero carbon emission.
Bruce Duguid
Head of Stewardship
Federated Hermes
Mark Sherlock
Head of US Equities, Lead Portfolio Manager
Federated Hermes
Adam Lake
Head of Climate Week NYC
Climate Group
Alan Steel
President & CEO
Javits Center
Britton Jones
Founder & CEO
The Nest Summit
Vince Molinari
Founder & CEO
FINTECH.TV
Tom Steyer
NextGen America Founder & Co-Chair
California's Business and Jobs Recovery Task Force
Lynn Martin
President & Chief Operating Officer
ICE Data Services
Pat Mitchell
Media Executive, Producer, Curator
Connecting with Women to Create Change
Dr. Ayana Elizabeth Johnson
Founder
Urban Ocean Lab & Ocean Collective
Dr. Katherine Wilkinson
Author, Co-Founder & Co-Director
All We Can Save Project
Naima Penniman
Artist, Activist, Co-Founder & Co-Artistic Director
Climbing Poetree
CRE Outlook: Back Up The Truck
TheIMPACT focuses on ESG, Impact Investing, and advancing the 17 United Nations-supported Sustainable Development Goals (SDGs).
The show profiles people and companies committed to changing lives and creating a sustainable world.Read Time: 1 minute, 17 secondsOn this segment of FINTECH.TV's TheIMPACT, our host from New York City, Jeffery Gitterman, is joined by the good doctor, Ph.D. Director of Investor Relations at Edgewood Capital, Bruce Kahn, where they discuss what real estate looks like in a post-COVID world.
Ranging from the retail, hospital, restaurants, rental housing, industrial, and additional asset classes, the illiquid real estate industry that is also the world's largest - valued around $220T before the start of COVID. This is an interview for industry veterans gearing up on how best to allocate, deploy, and balance exposure among their portfolio holdings.Where there is a Great Reset, there exists an unprecedented and once-of-a-lifetime opportunity. Jeff and our guest, Bruce Kahn, unpack the particulars and explore states from North Carolina to Colorado to New York that are purpose-built, address climate change and augment IRR all at the same time!
Energy use consumption, water consumption, and additional considerations allow you to make smart decisions, incorporate physical risks, and engineer specific models that take renovation, new construction, and other strategies into account.
These data-driven approaches use highly sophisticated modeling that is discussed further in the interview.Bruce breaks-down the differential analysis on how climate and real estate investing work, how impact is measured, and the realities of causality as asymmetrical events occur. This interview is an exposure exercise in long-tail risk classification, measurement, and hedging strategies for New World ESG investors.
Bruce and Jeff had a great time on this exclusive interview on FINTECH.TV and we hope you will enjoy it just as much, learning how real estate rescue capital from Edgewood Capital Advisors will impact the next round of refinancing permanent capital after COVID.
Visit Edgewood Capital Advisors on the Web:
https://www.edgewoodcapital.com/
Follow Edgewood on LinkedIn:
https://www.linkedin.com/company/edgewood-capital-advisors/
Climate Risk in Real Estate Investing
TheIMPACT focuses on ESG, Impact Investing, and advancing the 17 United Nations-supported Sustainable Development Goals (SDGs).
The show profiles people and companies committed to changing lives and creating a sustainable world.Join our host, Jeff Gitterman, on TheIMPACT with Sam Adams, Co-founder & CEO of Vert Asset Management.
Sam Adams is an environmentalist and a capitalist (yes, it is possible to be both at the same time!). Sam is passionate about nature, enjoys spending time outdoors, and believes in defending it - whatever it takes.
As an investment professional, he is a believer in markets' power and ability to solve problems when provided with the right information.
He founded Vert Asset Management to enable investors to accelerate the transition to a more sustainable investment future.To address climate change, we must understand that real estate is a significant driver of our professional lives that map into the higher system at large. As we look at specific considerations in ESG real estate strategies, we must consider the data:
40% of energy comes from buildings/offices;
Typical Americans spend 90% of their life indoors;
33% of all greenhouse gas emissions come from real estate.
Sam launched the ESG Real Estate Strategy about three years ago, which resulted in detailed data maps, layering, and capabilities that amplified their exponential approach alining principles with assets. By looking at, for example, previous rainfall and future assumptions, along with frequencies of flooding events and similar "force majeure" style events, the approach granularity follows.
From the recent acquisition of 427 by Moody's to companies Vert Asset Management works with to understand real insurance risk, value at risk (VAR), and other metrics, it is clear the advantage lies with those that are ESG focused!Jeff states that with the matriculation of risk in the marketplace, the investor can de-risk their portfolios against climate exposure. Sam agrees there exists a clear differential of information that some investors are paying attention to, while others are not at all whatsoever to their eventual peril.
It's the ultimate arbitrage on knowing what datasets are even available, what should be used, and then the real standards of the future driven by exponential leaders such as Sam and his team at Vert.
To learn more about Sam Adams, Vert Asset Management, and how they are changing the real estate investing game with data-driven ESG modeling, watch the interview exclusively on FINTECH.TV.
To Learn More About Vert Asset Management:
http://vertasset.com/
To Learn More About Vert Fund:
http://vertfunds.com/
Rapid Growth in ESG Funds
TheIMPACT focuses on ESG, Impact Investing, and advancing the 17 United Nations-supported Sustainable Development Goals (SDGs).
The show profiles people and companies committed to changing lives and creating a sustainable world.Join our host, Jeff Gitterman, on TheIMPACT with Michael Cosack, Principal of ImpactWise and Henry Shilling, Director of Research of SustainableInvesting.Michael is an independent consultant who brings over twenty years of business leadership experience, including the qualitative and quantitative analytical skills needed to implement programs and people in a meaningful, measurable, and impactful way.
His role at ImpactWise is to help institutional money managers, consultants, and trustees explore, create, and implement innovative impact investment strategies and solutions.Henry most recently coordinated the Moody's investors services worldwide efforts to transparently reflect the integration of environmental, social, and governance (ESG) factors in research, ratings, and analysis. As well, he developed and launched Moody's green bond assessment and published extensive research on this and related topics.
Henry is the author of The International Guide to Securities Market Indices, which was published in 1996 by International Publishing Corp., Chicago, Illinois. He is a contributor to Money Market Funds in the EU and the US, published in 2014 by Oxford University Press.Herny and Michael wrote a paper about the rapid growth that are seen in sustainable investment space.
At the beginning of 2018, GSAI reported that $31 trillion was invested globally in sustainable investment.
At the same time, USCIF Foundation reported that $12 trillion was invested in United Stated sustainable investment.
This information research in mutual funds, credit funds, and ETF areas indicate that over six areas of measurement that the universe became 977 sustainable different sustainable mutual funds.
ESG investing growth continues as substantial forms as funds rebrand - such as 47 funds have done in various types and fashion as these experts discuss. To learn more about how this has contributed to the growth, please join our team of expert wonks that share how sustainable investing really works.
To Learn More their report:
https://impactwise.us/wp-content/uploads/2020/05/ESG-Fund-Standards.pdf
To Learn More About ImpactWise:
https://impactwise.us/
To Learn More About Sustainable Research & Analysis:
https://www.sustainableinvest.com/
TRU Colors: Harnessing the Entrepreneurial Spirit of Gangs
George Taylor, CEO & President of TRU Colors, along with Khalilah Olokunola and Ant Brumm, join TheIMPACT host, Jeff Gitterman, to discuss what happened to George that drove him to create TRU Colors that also can be watched in the recent documentary. Simply, by being aware, we can open up conversations and dialogue to understand why gangs were created, why they continue to be a foundation for low-income socioeconomic communities, and how best to utilize the "banger" skill-set in sales, business development, and general entrepreneurship.
Khalilah leads human resources as Executive Vice President, managing compliance and promoting the general culture of TRU Colors while Ant leads community development.
Khalilah was arrested, charged and served four-years in prison. Having received multiple certifications and higher-education degrees, her "street education" was what really prepared her for the current role as EVP of HR at TRU Colors. The desire to see change, help those that need a hand from a friend, and bring the level of professionalism that helps drive self-determination, she and her team at TRU Colors apply "real world" out-of-the-box thinking that touches all aspects of society in order to change perception as empathy is achieved.
Ant Brumm was hire by Khalilah as a Community Ambassador - described as bold and really wanting to give back. He has completed multiple programs in TRU Colors, born and raised in Newark, New Jersey his mother passed at the young age of two. Having then grown up in foster homes, meeting his "homies" on the street made him feel at home, which then led him to prison. During his tenure behind bars, he learned about TRU Colors and used this time as an opportunity which has led him to his current path as the "feet on the street" bridging gaps, working with his community and engaging directly with gangs crossing "tracks" that others have never crossed.
Ant is the perfect example of someone taking responsibility for their own determination by finding his tribe at TRU Colors. As he states, "Everyone deserves to be treated like a human being" which is the ultimate thread as Black Lives Matter protests are on-going in cities throughout America and the world. Lastly, the distinguished group discusses white privilege and how we need to amplify this important discussion for a top-of-mind solution.
To learn more about TRU Colors, please visit TRUColors.co
The S-Factor in Humanity Beyond IRR
Bonnie Lyn De Bartok, Founder & CEO at S-Factor, joins our host, Jeff Gitterman, on TheIMPACT to discuss the importance of sustainability, vis-a-vis the "S", in ESG/SDG as she uses her 25+ years of experience to measure "saving the world" beyond "one project at a time." Specifically, Bonnie understood the need to focus on capital formation, access to funding and the framework of how social management integrates empirically into investment business cases.
Today, S-Factor has evolved into a subject matter firm for artificial intelligence (AI), big data, and deep technology to understand behaviors, outcomes and financial correlations, thereof. The team at S-Factor tackles problems such as a community impact for mining projects, measuring jobs creation and how government programs can enhance or not through a real net-benefit standards of measurement.
Understanding what happens when anchor businesses for micro economies have profound impact on the future of communities, macro implications and how to position sustainability as a primary pillar for investments. The impact on humanity is directly influenced through sustainable investment strategies, tactical implementations and empirical measurement of qualitative, quantitative and potent indicators as exponential change occurs.
As global capital is invested locally around the world, the lens of sustainability is important for balancing investment funding and growing industries - especially mining, oil, gas, and similar businesses that are indirectly exposed. Measuring social impact is general across industries, businesses and communities with local considerations that include ethics, employee population, supply chain, and additional factors.
Bonnie has seen an increase in demand for the data sets her firm produces at S-Factor, along with companies that have incorporated "S" into their investment strategies, asset allocation and overall exposure doing the best as we battle through COVID to a post-COVID world calibrated for humanity in the New World. In the many discussions on-going, from mission driven to reduction of carbon output, the "S" as a Layer 1 lens is quickly being adopted as the net bottom-line financial impacts have become clear from investors to those within communities, end-to-end.
To learn more thesfactor.co