1st Edition

Sustainable Investing Revolutions in theory and practice

Edited By Cary Krosinsky, Sophie Purdom Copyright 2017
    344 Pages 35 B/W Illustrations
    by Routledge

    344 Pages 35 B/W Illustrations
    by Routledge

    A seminal shift has taken place in the world of investing. A clear and overarching reality has emerged which must be solved: financial considerations must factor in sustainability considerations for ongoing societal success, while sustainability issues equally need to be driven by a business case. As a result, investment practices are evolving, especially towards more positive philosophies and frameworks.

    Sustainable Investing brings the reader up to speed on trends playing out in each region and asset class, drawing on contributions from leading practitioners across the globe. Implications abound for financial professionals and other interested investors, as well as corporations seeking to understand future investment trends that will affect their shareholders’ thinking. Policymakers and other stakeholders also need to be aware of what is happening in order to understand how they can be most effective at helping implement and enable the changes arguably now required for economic and financial success.

    Sustainable Investing represents an essential overview of sustainable investment practices that will be a valuable resource for students and scholars of sustainable banking and finance, as well as professionals and policymakers with an interest in this fast-moving field.

    Introduction: The Future of Investing is Sustainable Cary Krosinsky and Sophie Purdom


    1. The 7 Tribes of Sustainable Investing Cary Krosinsky

    2. From farfetched theory to best practice: Sustainable Investing at Brown University Sophie Purdom

    3. Impact Investing Thomas Walker, Stéfanie D. Kibsey and Stephanie Lee

    4. How Paris Became the Capital of Climate Finance Nick Robins

    5. The Value of Everything Cary Krosinsky - adapted Chamberlain

    Systems & Systemic Solutions

    6. Thinking in Systems Cary Krosinsky

    7. On Reducing Emissions & Developing a Climate Change Strategy Cary Krosinsky/PRI - adapted Chamberlain

    8. Why Divestment is the outcome of a thoughtful investment process Cary Krosinsky

    9. The data challenges which remain Dan Esty and Todd Cort

    10. Scaling the Sustainable Trillion: "Top Down" Investment Strategies Cary Krosinsky

    + "Bottom Up" Strategy Examples a) Terra Alpha, b) BlueSky (Sturmak), c) Mirova

    The Next Frontier

    11.  The Main Segments of Global Commerce and what’s needed Cary Krosinsky

    a) Financing the Renewable Revolution Winston & Jules Kortenhorst b) The Driverless Car Mimi Reichenbach, c) Industrial Ecology Lillian Childress d) Real Estate Christopher Wright, e) Infrastructure Helene Winch, f) Fixed Income Ali Edelstein, g) Climate Smart Landscapes Gabriel Thoumi, Brian McFarland and Winnie Lau

    12. Regional Differences: Difficult Risks, Big Opportunities Cary Krosinsky

    a) Climate Finance and Greening China’s Finance Gabriel Thoumi and John Waugh b) India’s Energy Future Emily Rutland c) Sustainable State-Owned Enterprises Morgan Smiley d) Japan & Governance Jason Mitchell

    13. Fiduciary Duty Rory Sullivan, Will Martindale and Elodie Feller

    14. The Risk Management Opportunity Cary Krosinsky

    15. Shareholder Engagement & Active Ownership in the Age of Transparency Cary Krosinsky

     Emerging New Paradigms Cary Krosinsky

    16. Value Drivers David Lubin

    17. New Business Models: Conscious Capitalism & Conscious Investing Jeff Cherry

    18. Sharia & Shared Ownership Mujtaba Wani

    19. Gender Diversity Ella Warshauer

    20. a) The Future of Innovation Cary Krosinsky and Will Martindale b) Industry-Led change: the Principles for Responsible Investment Sagarika Chatterjee

    Conclusion – Climate & Impact Cary Krosinsky and Sophie Purdom


    Cary Krosinsky is a noted educator and author on the nexus of sustainability strategy, investing and financial value. He teaches at Yale University, USA; Concordia University, Canada; the University of Maryland, USA; and Brown University, USA; and acts as Senior Advisor to organizations such as the Carbon Tracker Initiative, the Principles for Responsible Investment and Wilshire Associates.

    Sophie Purdom is a Henry David Thoreau Scholar, the co-creator and instructor of the Theory and Practice of Sustainable Investing course at Brown University, USA, and established the Brown Sustainable Investment Fund. She is currently an Associate Consultant at Bain & Company in Boston and will be attending Harvard Business School, USA.


    "Sustainable Investing provides a much-needed roadmap that describes where we are and the many paths available to us. We find ourselves at a moment with the potential to take advantage of technology and momentum and the ability to steward our financial resources and social intent toward addressing the issues facing us globally. This book supplies us with the tools to help tackle those critical decisions." – Jenny Chan, Senior Investment Officer, Doris Duke Charitable Foundation, USA

    "As we make the vital sustainability and low carbon transition, we are finally moving from persuading to doing, from testing to investing. This book gives a great guide to the reasons change is needed, the methods, tools and ideas to make that change, plus all the latest thinking that goes along with that." – Dave Gorman, Director of Social Responsibility and Sustainability, Responsible Investment lead, University of Edinburgh, UK

    "Reallocating capital flows towards a more sustainable future is vital if we are to safeguard this planet for future generations. This book provides a very helpful overview of this emerging field and demonstrates how this crucial financial innovation is taking place." – Jules Kortenhorst, CEO, Rocky Mountain Institute, USA

    "Those of us responsible for maximizing the long-term prospects of the funds we manage must have a strong understanding of the theory and practice of sustainable investing. As fiduciaries, we cannot afford to passively accept what the market gives us. We must assert our influence to promote sustainable behavior at the companies we invest in and throughout the economy." – Seth Magaziner, General Treasurer for the State of Rhode Island, USA

    "Krosinsky and Purdom have assembled a prodigious and original set of pieces on the crucial issue of how businesses, institutions, governments and individuals can and must shift their investments in a much more sustainable direction. One-stop-shopping for useful and provocative ideas on greening finance, brilliantly timed." – J Timmons Roberts, Ittleson Professor of Sociology and Environmental Studies, Co-Founder, Climate and Development Lab, Institute at Brown for Environment and Society, Brown University, USA

    "The market need for sustainable solutions is accelerating and big, as is the growing universe of investable solutions. This fresh look at sustainable investing organized by Krosinsky and Purdom is must reading for every investor seeking to align his or her sustainability values with superior investment returns." – Jackson Robinson, Vice Chair & Portfolio Manager, Trillium Asset Management, USA

    "Sustainable investing has come a long way in the past decade. From the start, Krosinsky has been an astute observer and participant. In this new book, Krosinsky and Purdom provide a detailed 360-degree view of emerging priorities and practices. Impressive in depth and breadth, this sophisticated, practical volume is essential reading." – Paul Shrivastava, Executive Director, Future Earth, Canada

    "Asset owners, asset managers and investment consultants will all greatly benefit from Sustainable Investing. This book focuses on taking the reader from understanding into an investor perspective.  Turning that perspective into an investment approach, as the book notes, is where the rubber will meet the road for investors." – George Wong, Special Investment Officer, New York State Common Retirement Fund, USA