In the recovery following the 2008 global financial crisis, environmental, social and governance (ESG) considerations were barely a topic for discussion. Early signs indicate that this time things may be different. The past decade has seen a sea change in how sustainability is considered, such that some government bailouts may have green strings attached. The narrative is building around a green recovery, how to #BuildBackBetter, and that environmental and social concerns are with us for the long run.
Join us for an insightful session with leading experts from global consultancy Eurasia Group to address important questions on ESG factors, climate change and sustainability and gain perspective if this new focus will last. Will ESG finally have momentum to be a game-changing variable toward a better future, or will efforts once again stall as other priorities take over?
The discussion was moderated by Rohitesh Dhawan, managing director, Energy, Climate & Resources, Eurasia Group. Panelists included:
- Gerry Butts, former principal secretary to the Prime Minister of Canada, senior advisor for climate and sustainability, Eurasia Group
- Lord Mark Malloch-Brown, former deputy secretary-general, United Nations, senior advisor, Eurasia Group
- Hannah Skeates, co-head of Sustainable Investing, WFAM
Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. Changes in market conditions and government policies may lead to periods of heightened volatility in the bond market and reduced liquidity for certain bonds held by the fund. In general, when interest rates rise, bond values fall and investors may lose principal value. Interest rate changes and their impact on the fund and its share price can be sudden and unpredictable. Investing in environmental, social, and governance (ESG) carries the risk that, under certain market conditions, the investments may underperform products that invest in a broader array of investments. In addition, some ESG investments may be dependent on government tax incentives and subsidies and on political support for certain environmental technologies and companies. The ESG sector also may have challenges such as a limited number of issuers and liquidity in the market, including a robust secondary market. Investing primarily in responsible investments carries the risk that, under certain market conditions, an investment may underperform funds that do not use a responsible investment strategy.