Anne Popkin, President and Chief Operating Officer of Newday Impact Investing, joins the conversation to discuss Environmental, Social, Governance or ‘ESG’ investing. According to Bloomberg, more than $8.4 trillion of her will be invested in her ESG-related stocks and funds as of the end of 2022. It will also be a hot topic for investors, Congress, the federal government, and several southern states, particularly Florida and Texas. These states are at war with ESG because, in the words of Paul, Speaker of the Florida House of Representatives, ESG is representative. Renner: “We have awakened financial giants to dictate policy to Floridians regardless of our choice at the ballot box.” Anne provides an investor perspective on the politicization of ESG. increase.
An ESG report is not a set of commitments to sustainability, but may be included to demonstrate progress in reducing a company’s financial risk. For example, our ESG report examines the risk of business disruption if companies continue to emit CO2 that contributes to global warming, with negative impacts that lead to higher costs and supply chain disruptions. Anne explains that we are in a short but critical time to consolidate what we have learned to improve how businesses measure and report their risks from climate change. Global reinsurer Munich Re reports that climate-related losses in 2021 will be over her $210 billion globally and over her $95 billion in the US. Compare this to her 40-year average of weather-related losses in the US of $43.9 billion, and it’s clear that businesses have to. Be prepared to survive at least double the losses caused by the climate just a few years ago.
For more information about Newday Impact, visit newdayimpact.com.
