The 'mother of all preventable surprises'; exploring what fiduciary duty requires; New York event - sustainable investing for the public benefit

In an article in IPE this month, NSFMer, Raj Thamotheram tackles the 'mother of all preventable surprises': climate change.

In Climate a major beta risk, he argues that "Investors could be a bigger part of the solution by: discouraging inappropriate corporate political lobbying; pushing for a level playing field in energy subsidies; and ensuring that their own research supply chain takes into full account climate-related risks."

****

Is It Time For A New Understanding Of What Fiduciary Duty Requires? Ethical Markets reports on an NSFM Fiduciary Duty Working Group roundtable held at the conference of the Pensions and Capital Stewardship Project of the Harvard Law School.

NSFM participants and joint authors of a recent paper on fiduciary duty, James Hawley, Keith Johnson and Ed Waitzer spoke at the event which concluded by making some recommendations to trustees. Specifically, a call to allocate resources towards understanding fiduciary challenges and best practices, and to adopt enterprise risk management, use beneficiary-aligned benchmarks, and ensure sustainable pension design.

****

Event Alert: NSFMers Steve Viederman and Keith Johnson will be speaking at Foundation Assets as Social Change Agents: Sustainable Investing for the Public Benefit on April 24, 2012 in New York.

Similar events exploring how innovative strategies and new investment opportunities can be used to align investment practices with mission objectives to sustain the public good will be held in Chicago, April 26 and Atlanta, May 3.

To register your interest in attending any of these events please contact s.viederman[at]gmail.com