Cary Krosinsky - Let The Best Impact Strategy Win

Episode 18, Aug 31, 2019, 02:45 PM

Cary Krosinsky is the Co-founder of the Sustainable Finance Institute, Carbon Tracker and Real Impact Tracker, as well as a lecturer at Yale School of Management. He is the author of seven books including Sustainable Investing: Revolutions in Theory and Practice and his seventh book will look at Modern China, innovation, sustainable finance and cooperation. Cary is also an advisor to Brown University’s Sustainable Investment Fund, Deep Green Metals Inc, and principal at NPV Associates.

Highlights:

Being selective with experiments and ruthless with what is working and what is not
Stock exchanges haven’t been providing much push for impact reporting
Creating a culture of sustainable and impact investing
It is essential we collaborate to solve problems together
It feels like a positive to encourage foreign investment into China as foreign investors have a say over conditions for the capital deployment
Ecological economics’s attempt to put prices on externalities shows that there is little use in measuring carbon footprint of a portfolio because its ultimately not very impactful
What is really needed is dynamic changes in corporate strategy, investment strategies and policy and supportive policies
From assessing strategies to creating a certification for financial institution at Real Impact Tracker
Cary is focusing on advising companies to improve their dual sustainability finance track
Some SDGs are not directly investable. We need to segment which SDGs are investable and non investable, and of the investable SDGs into the direct and indirectly investable
Impact measure needs to be done at a systems level as well as a strategy level.
“Finance without sustainability is a recipe for environmental and social disaster”
“Sustainable investing without a business case is philanthropy”
We need to run 100 or more different strategies in parallel at scale
One trillion dollars of impact vs $500 trillion of tradeable assets
Cary Krosinsky's personal path to impact and passion for raising awareness through education