Taking Action
If we could change ourselves, the tendencies in the world would also change. - Gandhi
With that inspirational thought, let's take a look at what we could each do to turn climate investing into climate action.
Fund Managers
Look for opportunities
Plan Consultants
Highlight hidden climate risks
Plan Sponsors
Adopt climate aligned benchmarks
Monitor climate risks of investments and fund managers
Beneficiaries
Ask for climate aligned investments
Monitor climate risks
Individual Investors
If you've ever envied those Big Shot Fund Managers, I hope my book has at least dispelled some of it. Unless you have some deep, unfulfilled need to be told how smart you are on a daily (hourly?) basis by salespeople, that is. The truth is, while big swinging trades and TV appearances might sound very glamorous, you have a kind of freedom that those who manage money for others will never have.
As a sophisticated individual investor, you can play any or all of the roles listed above. You can get down in the haystack to search for opportunities like a fund manager, or come up to the sky and watch funds from above like a plan sponsor. You can do your own research, think your own thoughts, without being burdened by guidelines written by someone else (or someone else's parents or even grandparents. Yes, I've really seen guidelines that look that old.)
Engaging with Companies
Reduce climate risk
Monitor results
Group together
They're your companies. Don't think of proxies as junk mail.
Final Thought
Be patient -- climate will be big, but we have to work together.
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