New Voices for the New Challenges

Angelo A. Calvello, PhDFounder, Journal of Environmental Investing When we started the JEI ten years ago, this issue’s contributors had likely not come to their investigation of environmental investing. After a one-year hiatus, we’re back, and as this issue shows, we’re back with groundbreaking research on environmental investing. The content of this 2019 issue reflects how far we have come …

Millennials and Sustainable Investing

A. Stanley Meiburg Guest Editor Millennials, defined as those born between 1981 and 1996, are entering the years when investing will become a subject of greater and more widespread interest. While as a group, many will still be focusing on securing careers, paying off student debt, raising children, and buying homes. However, some will find themselves inheriting significant resources from …

Water Stress: A Global Risk Analysis for Financial Markets

Abstract Water scarcity and droughts are expected to be major problems in future decades. Accordingly, the aim of this paper is to evaluate what is currently possible in order to quantify water scarcity-related risks with the currently available data. The research focuses on the possibilities to determine hazard, exposure, and sensitivity for publicly traded companies on a global scale. The …

A Comment on “Water Stress: A Global Risk Analysis for Financial Markets”

Angelo Calvello, PhD Publisher of the Journal of Environmental Investing Mr. Bokern’s original essay provides investors with what I believe to be the first robust and practical framework for the analysis of water risk. Many investor-friendly “tools” tend to be purely descriptive (e.g., Ceres Water Risk Toolkit) and offer no holistic model for estimating and predicting an investment’s or portfolio’s …

Riding the Waves of the Blue Economy: Implications for Impact Investors

Jens Christiansen, MsC; PhD student, Lancaster Environment Centre, Lancaster University, UK Marleen Schutter, MsC; PhD student, Lancaster Environment Centre, Lancaster University, UK Ocean ecosystems around the world are increasingly impacted by coral bleaching, pollution, and declining fish stocks (Allison and Bassett 2015; Hughes et al. 2017). Simultaneously, oceans are seen as development frontiers, offering opportunities for growth and attracting the …

A Comment on “Riding the Waves of the Blue Economy: Implications for Impact Investors”

John Hoeppner, Head of U.S. Stewardship and Sustainable Investments, Legal & General Investment Management America The authors make a compelling case to carefully consider the social context before jumping into the deep end of ocean investing. While there are mature timber, farmland, and real estate funds and strategies, the ocean economy is a nascent area for investing. The authors thoughtfully …

Responsible Investment in Blue Carbon Resources: “Constraints and Potential Motivations for Attracting Private Capital Investment in Blue Carbon Resources”

Ryan Cook, Master of Environment Candidate University of Melbourne, Australia Sebastian Thomas, PhD; Research Supervisor Director of the Sustainability Science Lab, University of Melbourne, Australia Abstract Blue carbon ecosystems such as mangroves, tidal marshes, and seagrasses are increasingly recognized for their carbon sequestration capacity. While blue carbon science and policy research is advancing, private investment perspectives in relation to blue …

A Comment on “Responsible Investment in Blue Carbon Resources: ‘Constraints and Potential Motivations for Attracting Private Capital Investment in Blue Carbon Resources’”

William Page, Senior Portfolio Manager Essex Global Environmental Opportunities Strategy (GEOS) For background: I manage a global, listed-equity clean technology strategy, GEOS, and have been focused on thematic investing to climate solutions for over 10 years, after 20 years of ESG-focused investing. I found the paper by Ryan Cook quite interesting and insightful, as I have never heard of Blue …

Development of a Quantitative Model for the Top-Down Estimation of Greenhouse Gas Emissions from Transportation and Distribution Activities of Companies’ Supply Chains

Mette Emsholm Kjær, MSc ESG Analyst at responsAbility Investments AG Abstract Assessing and managing companies’ climate-change-related investment impacts and risks require a detailed understanding of their greenhouse gas (GHG) emissions. Yet for many companies, the dominant source of GHG emissions is indirect emissions that appear outside the company’s main operating space (Hertwich and Wood 2018; EIT Climate-KIC 2018b). Of the …

Some Statistical Considerations for Assessing Model Value when Estimating Greenhouse Gas Emissions

A Comment on “Development of a Quantitative Model for the Top-Down Estimation of GHG Emissions from Transportation and Distribution” Robert J. Erhardt, PhD Associate Chair and Associate Professor of Statistics, Department of Mathematics and Statistics, Wake Forest University To quantify a company’s full greenhouse gas (GHG) emissions, life cycle analysis represents a valuable standard and active area of research (Reijnders, …