Natural Disasters, SASB, Marketing Ploy, and Quicksand Analogies
Here are 5 things you might have missed this week:
The Cost of 20 Years of Natural Disasters-
UN Report charts huge rise in climate disasters.
In the period 2000 to 2019, there were 7,348 major recorded disaster events claiming 1.23 million lives, affecting 4.2 billion people (many on more than one occasion) resulting in approximately US$2.97 trillion in global economic losses.
This is a sharp increase over the previous twenty years.
Between 1980 and 1999, 4,212 disasters were linked to natural hazards worldwide claiming approximately 1.19 million lives and affecting 3.25 billion people resulting in approximately US$1.63 trillion in economic losses.
Source: https://www.undrr.org/news/drrday-un-report-charts-huge-rise-climate-disasters
Integrating ESG Holistically In Private Equity: A Strategic Approach-
SASB's (Sustainability Accounting Standards Board) latest publication focuses on PE from a GP perspective-
The paper demonstrates how investors can leverage SASB Standards as a foundational cornerstone in building a ESG strategy for private equity.
It also offers practical insights for the various stages of the investment process through a GP lens, and includes case studies from Generation Investment Management and Partners Group.
Is Sustainable Investing Just a Marketing Ploy?
Thousands of retail investors and investment professionals watch CNBC Reports' videos on YouTube, in some way, shaping general perception around relevant topics.
CNBC’s Silvia Amaro investigates- In recent years, investors have flocked to funds that claim to meet environmental, social and corporate governance standards, or ESG. But are these investments really contributing to a better world?
Source: https://www.youtube.com/watch?v=Qd2D-0lQ36E & https://www.cnbc.com/2020/10/14/esg-investing-meaning-is-under-the-microscope-as-the-money-rolls-in.html
Should ESG View Sustainability as a Quicksand Problem?
Measuring Stakeholder Capitalism: Towards Common Metrics and Consistent Reporting of Sustainable Value Creation.
The devilish dilemma of quicksand is that you must escape as quickly as possible but anything you do to escape only drags you further down.
So, what to do? Rather than pursuing current strategies with more urgency, we must urgently identify new strategies. A quicksand analogy suggests three interlinked remedies: stop, reconnect, and rebalance.
Covid-19 Disruption to the Energy Sector-
The Covid-19 pandemic has caused more disruption to the energy sector than any other event in recent history.
The International Energy Agency in its annual energy outlook estimates that global energy demand will drop by 5% this year, CO2 emissions by 7%, and energy investment by 18%.
Oil investments have fallen by a third and producers have written down $50 billion worth of assets.
Source: https://www.iea.org/reports/world-energy-outlook-2020
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