Hi everyone,
Sharing the 2nd part of John Teahan's and Tom Gosling's conversation on fiduciary duty and th limitations of GFANZ. I found Tom's insights on this initiative very interesting: Tom shares why this initiative might be sticking to an un-realistic scenario, why we recently saw exits of a few signatories and how to move forward.
Click "recommend" button if you like it :-) You can also download transcripts here or in the library if you only have 15-20 minutes to spare. The video is 29 min long.
Enjoy.
Fiduciary duty and the limitations of GFANZ In part two of our latest Climate Change podcast episode, Tom Gosling, Executive Fellow, London Business School and John Teahan, CFA continue the conversation by discussing Tom's two blogs on the Glasgow Financial Alliance for Net Zero (GFANZ) and the clash that developed over commitments made under that umbrella body.
Tom explains that the overarching commitments made by GFANZ to limit global warming to 1.5C, which scientists claim is almost impossible. This creates limitations for asset managers who must now quickly energise the transition at the portfolio level to support climate solutions and policy. He discusses whether 1.5C is an optimal target for investors, whether portfolio decarbonisation has a tangible real-world impact, and the implications of these targets on future market trends. Does this mean that asset managers are being forced to hit unreasonable targets? And are we inhibiting government action by doing so? Explore the conversation by listening today.
------------------------------
Aya Pariy
------------------------------