Climate Change Investment Framework
The Intergovernmental Panel on Climate Change’s (IPCC) report on “Global Warming of 1.5°C”, published in October 2018, emphasized a renewed call for urgent action to limit global temperature increases. Human-generated emissions are estimated to have already resulted in 1°C of global warming above pre-industrial levels. The consequences are apparent. The IPCC report highlighted that total losses from natural catastrophes and synthetic disasters in 2018 was about USD 165 billion. The insurance industry covered around USD 85 billion of those losses, the fourth-highest one-year aggregate industry payout to date.1
Unprecedented times. The global outbreak of Covid-19 has brought the world and its economy to a standstill, highlighting the importance of sustainable and resilient infrastructure (healthcare, water, power, telecommunications). Countries with fragile infrastructure have less capacity to handle crises, so they will need to increase their infrastructure investments. This is especially crucial in the context of health security and rapid urbanisation.
Investment talks - Time to reconsider US growth and value?
The outperformance of growth stocks over value stocks has reached record levels, as has the valuation gap.
The day after #12 - changing shares of labour and capital incomes: what implications for investors?
The share of national income that is distributed to labour vs. capital has fallen to historically low levels in several advanced economies, such as the United States and the United Kingdom.
Why investors should care about ESG trend in US equities