Environmental Alpha: Institutional Investors and Climate Change
Climate change will present institutional investors with both complex risks and dynamic opportunities in the years ahead. This situation has the potential to affect many sectors in radically different ways and to varying degrees over time. Institutional investors need to have a thorough understanding of the multidimensional risks and opportunities that could influence nearly every investment in their portfolios.While Environmental Alpha has value for all investors, it was specifically written for institutional investors—defined pension funds, endowments, foundations, insurance companies, and superannuation funds—with delegated investment responsibilities. The information found here will enhance your understanding of environmental investments, as well as the excess returns, or "alpha," their strategies offer, and put you in a better position to prudently direct and commit capital in the face of continuous climate change.Composed of four parts—Introduction to Climate Change Issues and Consequences, Climate Change and Institutional Investors, Environmental Alpha: The Investment Case for Climate-Related Strategies, and Practical Considerations—each of which contains contributions by leading experts in the environmental investing arena, this comprehensive guide moves beyond many of the theoretical or academic discussions on the topic to provide you with real-world insights into an emerging market.Page by page, Environmental Alpha:Examines the climate change–related drivers of returns (science, economics, policy and regulation, and technology) that make environmental alpha possibleExplores fiduciary duty and climate changeContains in-depth explanations of each of the major categories of environmental investing and examines related environmental alpha opportunitiesDiscusses practical implementation issuesPresents real-world case studies and detailed examplesClimate change will be one of the most important investment themes of the next twenty years. The related environmental investment opportunities will provide institutional investors with some of the greatest "alpha" opportunities for years to come. This book will provide you with a framework for effectively assessing and accessing these opportunities.