Smarter Impact

David Russell and Philip Bateman | Focusing on oil and gas companies to impact climate change is misguided

Philip Bateman Season 3 Episode 23

Given what we know about climate change, how do you pay a pension 40 years from now? And why is focusing on oil and gas companies misguided?

What do you think? And would you agree that Net Zero isn't about divestment, particularly when you own a slice of everything, everywhere?

Join David Russell and I, as we get into the best fiduciary interests of pension funds, and how the Transition Pathway Initiative (TPI) works to create sector specific, short, medium and long term targets to achieve Net-Zero by 2050.

We go through;

* Genesis of the TPI
* Universal Ownership and proxy voting
* The need for policy on nature and biodiversity
* Assessing Sovereign Climate Opportunity & Risk (ASCOR)

This conversation was had during our time together at the Investor Group on Climate Change (IGCC), after David finished his session on Corporate Climate Engagement with Alison George at Australian Ethical Investment, Alison Ewings at QIC and Sasha Courville at Aluminium Stewardship Initiative.

TPI is supported by The London School of Economics and Political Science (LSE) and the Grantham Research Institute on Climate Change & the Environment.

In the past week David also been speaking at the International Corporate Governance Network (ICGN) Melbourne Conference, hosted by the Australian Council of Superannuation Investors (ACSI).

Thank you particularly to Rebecca, Duncan and Fergus for the opportunity to bring you this from the IGCC Summit, and finally;

If you're not sure how you're going to strategically lead your organisation internally and externally through this turbulent time, or communicate your vision effectively, reach out and let's discuss it in confidence. I'm here to help!

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