Greta's Expectations - We Must All Be Stewards Now!

Eoin Murray ()
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Eoin Murray: Federated Hermes, Postal: 150 Cheapside, London, EC2V 6ET, United Kingdom, https://www.hermes-investment.com/uki/

Journal of Financial Transformation, 2020, vol. 51, 155-162

Abstract: We need to rethink our economic model – and the new one needs to be premised on stewardship in the broadest sense of the word. Action is required on the part of all participants in the economic system, with the investment industry, as the turntable of capital, having a key role to play. This paper will focus in part on climate risk, more specifically on the “putative” tail risks represented by climate tipping points. It will also consider recent developments in the fixed income markets to see if a market- and climate-friendly innovation can be found to provide the direction and pace of change that we need.

Keywords: climate change; stewardship; engagement; performance bonds (search for similar items in EconPapers)
JEL-codes: F65 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1637

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