@melanie.lee1166: Fiduciary duty in the 21st century must include climate risk, because climate risk is financial risk. If you are a pension fund and you ignore the fact that half your portfolio is in assets that will be stranded by the energy transition, you are not fulfilling your duty to your beneficiaries. You are failing them. The old argument that ‘ESG is political’ is backwards. Ignoring material risks to appease a political faction — that is political. Pricing risk is just competence. And the market is starting to reward competence.

Lynn Forester De Rothschild

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Region: US

Saturday 25 April 2026 01:13:09 GMT