Pricing material risks into asset class allocation is a standard practice across industries. Over the past decade, these factors have expanded to include climate risks like natural disasters as well as social risks like migration and labor. A 2023 FTSE Russell survey of 350 asset owners globally indicated that approximately eighty percent have implemented or are considering implementing sustainability considerations in their investment strategies. More than half say they are responding to demands from stakeholders and/or are adopting a strategy to mitigate long-term risks. Between the SEC’s regulations requiring publicly listed companies to report climate-related financial impact and the EU’s climate disclosure requirements, how are institutional investors shifting their investment priorities and allocations to meet fiduciary duties while also addressing climate and social risks? Is the current ESG framework still sufficient? How are investors navigating a political landscape that is now more critical of ESG integration? Are asset owners uncovering opportunities to maintain diverse and balanced portfolios?

Moderator

Cara Williams

Global Head of ESG, Climate and Sustainability, Mercer

Speakers

Ahmed Saeed Al Calily

Chief Strategy and Risk Officer, Mubadala Investment Company

Hershel Harper

Chief Investment Officer, UAW Retiree Medical Benefits Trust

Derek Rozycki

Executive Director, Head of Responsible Investing, Mubadala Investment Company

Andrew Siwo

Head of Sustainable Investments and Climate Solutions, New York State Common Retirement Fund

Carine Smith Ihenacho

Chief Governance and Compliance Officer, Norges Bank Investment Management

Rossitsa Stoyanova

Chief Investment Officer, Investment Management Corporation of Ontario