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Podcast: Commonwealth Club of California Podcast
Episode: CLIMATE ONE: Big Money: Investment Managers Driving Corporate Action
Description: More than half of Americans are invested in the stock market, either directly or through their retirement funds, but individual investors rarely think about how their money is actually being put to use. And even if they decide to take a stand and divest from fossil fuels, that may not translate into a single molecule less carbon being released into the atmosphere. On the other hand, large institutional investors - like those that manage individuals’ retirement funds - can wield huge influence over the companies in their portfolios. So how are asset managers accounting for climate risk? And how can th...