Why we all need to think like Floridians Now

An orange outline of Florida is atop a black and white photo of silhouettes of people and trees, set on top of a blue blackground, with scratches over the top of the image.

(Outlet: The Washington Post) Climate disasters are only going to become more frequent, intense and expensive even with massive investments in adaptation. Insurers are now waking up to — and attempting to price in — these risks: “Climate risk is driving insurer decisions like never before,” writes Benjamin Keys, a professor of finance and real estate at the Wharton School.Read More

CEOs Sharpen ESG Positions as Conservative Backlash Intensifies

Black and white photos of Nick Clegg, Glen Fogel, Michael Miebach, and Ted Decker in front of a blue semi circle with white letters in the center that say ESG.

(Outlet: Bloomberg Law) CEOs at Home Depot Inc, Booking Holdings Inc. and other executives found themselves clashing with investors this proxy season as companies faced an unprecedented level of pushback on ESG policies. Executives should be ready to prove the business case for their ESG policies, corporate governance experts say. “Start connecting the dots for the investors and that’s going to help everyone, and then it’s not a red or blue issue,” said Witold Henisz, vice dean and faculty director of the ESG Initiative at The Wharton School of the University of Pennsylvania. “Be prepared for these questions and always link it back to the business case, because that’s going to be less politically polarizing.”Read More

Pension Funds and Sustainable Investment: Challenges and Opportunities

Cover image of Pension Funds and Sustainable Investment: Challenges and Opportunities, a green illustrated image of a woman

(Outlet: Plan Sponsor) A new book from the Pension Research Council is for anyone interested in understanding the historical context, current practices and future prospects of ESG investing in the pension industry, reports Olivia S. Mitchell, the executive director, Pension Research Council Director, Boettner Center for Pensions and Retirement Research at The Wharton School, University of Pennsylvania.Read More

Leading the Way in ESG Investing: 2023 Turner Impact Portfolio Challenge

Students sitting in a classroom smile while watching their fellow participants present during the TMIINT Semi Finals

Now in its fifth year, TIPC is a year-long, graduate student ESG investing competition produced by the ESG Initiative at the Wharton School and supported by naming sponsor Bobby Turner and founding corporate sponsor Bank of America. This year, 150 students spanning over 35 teams from 15 universities across the U.S. participated in total. These students join hundreds of TIPC alumni across the country who have completed the program.Read More