Webinar: ESG Investing and Market Pricing. Ayumi Mori, Seikei University, Musashino-shi, Tokyo, Japan

The speakers for this March 7th webinar event were Ms. Ann-Maree Tippoo, ESG Investment Portfolio Manager at Ninety One and professor Satayjit Bose, Professor of Practice; Associate Director, Program in Sustainability Management, Columbia University. The main focus was to identify key drivers for sustainability and to determine whether traditional investors understand or are interested in sustainability. A final goal was to see if an ESG lens can help investors identify places where markets might be mispricing assets or projects.

To start, they defined the current controversy in ESG. Professor Bose suggested the controversy was due to multiple definitions of ESG. These depend on how some people see ESG. He explained ESG is about defining what non-financial factors are and how these make it possible for sustainably generate returns. This democratic approach makes ESG factors unratable since they differ from investor to investor.

Next, they moved onto the issue of identifying mispricing. A key question concerns the ability of an investor and whether they're educated for this change in approach. The speakers explained that, as mentioned above, ESG can mean various things to various people but it is essential parts of investing now and growing. This presages future difficulty due to ESG rapidly shifting with global issues, and the lack of consistency along different ESG strands. They also highlighted the need to change the analytical monoculture to look beyond the 5 years time horizon, typically the longest time period used by investors now in order to incorporate environmental and other ESG effects.

Lastly, they expressed the importance of incorporating ESG to people’s investment styles and that a solid definition of ESG will make discussion easier. They also stated that government action is necessary. However, they recognized the importance of intervening specifically to allow more flexibility for investors. They closed by speaking about the probability that pension funds will be the primary type of investor looking far into the future, changing investment timelines and perspectives to a longer term, providing the change we need to make ESG work

Projected Impact of Gun Laws on Corporate Profits in Texas

More Fortune 500 companies are located in Texas than in any other state. Texas successfully used low taxes and minimal regulations as bait to recruit companies like Tesla and Oracle. The state promoted these “advantages” in ads highlighting their “free-market” environment and criticizing the "tax and spend policies of liberal leadership" in Democrat-run states. Four million people migrated to Texas over the past ten years. Our economic models predict a reversal, however. State of Texas corporations on the Fortune 1000 list generate $2.2 trillion in revenue, $158 billion in profit. They have a market value of $3.8 trillion and employ 2.5 million people nationwide. We continue to believe this increased corporate presence in Texas imposes a tax on the nation as a whole. Texas allows anyone 21 or older to carry handguns without training or licenses, and maintains lower gun purchase age limits. Beyond the recent abortion bill, which allows people to sue those who "aid and abe

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Fixing Abortion And Black Maternal Mortality Is NOT Up To the Supreme Court. It's Up to the Fed...

Black women die in childbirth at disproportionate rates compared to their white counterparts. Research conducted by the Centers for Disease Control and Prevention (CDC) clearly shows that social determinants - access to nutrition, transportation, and healthcare——are crucial factors. With the decision to restrict access to birth control and care, the Supreme Court imposed additional penalties on a selected portion of the US population - Black women. They were added without due process or a trial at the individual level. These elevated risks are clear and undeniable, as explained below. Assume two population groups or sectors. In Sector One, women die in childbirth at the rate of ten per 1,000 live births. In Sector Two, the maternal mortality rate is 100 per 1,000 live births. With the elimination of birth control, there are 2,000 live births in each sector. This implies 20 Sector One deaths and 200 in Sector Two. Amanda Stevenson, a professor at the University of Colorado Boulder,

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