Can you share a little bit about Morgan Stanley’s background in and commitment to sustainability? At Morgan Stanley, we are dedicated to accelerating the adoption of sustainable investing, which seeks to deliver both competitive financial returns and positive environmental and social impact. Through the firm-wide effort we are committed to pioneering scalable sustainable finance solutions, build new sustainable investing tools and generate industry leading insights that inform and empower investors. The Morgan Stanley Wealth Management Investing with Impact Platform, headed by Hilary Irby was launched in 2012 and the Institute for Sustainable Investing, led by James Gorman and Audrey Choi, was launched in 2013.
In 140 characters or less – what is the Climate Change and Fossil Fuel Aware Investing Tool Kit?
Provides a roadmap to help investors of all sizes navigate ways to address climate change in their investment portfolios.
What was the driver for creating the Climate Change and Fossil Fuel Aware Investing Tool Kit – what gap did it fill?
Despite increasing discussion in the public and private sector around the role of fossil fuels in an investment portfolio today, many investors remain unsure of the impact of carbon risk and climate change on their investments. Navigating the steps to minimize portfolio risk and maximize return opportunity, while also benefitting the environmental can be a daunting process. This Tool Kit helps to clarify different approaches to mitigating risk and seeking opportunity related to climate change and fossil fuels across an investment portfolio.
Who does it primarily serve?
The Climate Change and Fossil Fuel Aware Investing Tool Kit serves Financial Advisors and their clients – both individuals and institutions.
What difference does the Climate Change and Fossil Fuel Aware Investing Tool Kit want to make?
The Climate Change and Fossil Fuel Aware Investing Tool Kit aims to provide clarity and empower investors to take action across the range of approaches related to climate change and fossil fuel investing.
What are the barriers to making that difference?
Access to information/education and awareness; access to innovative investment strategies across the range of approaches; understanding how each strategy fits into the context of a fully diversified portfolio.
Who’s helping you overcome those barriers?
Key stakeholders across the public and private sector – governments, NGOs, business including asset managers, wealth managers and asset owners.
How can people – individuals and organizations – find out more about the Climate Change and Fossil Fuel Aware Investing Tool Kit?
MorganStanley.com article: https://www.morganstanley.com/articles/fossil-fuels
Climate Change and Fossil Fuel Aware Investing Primerr: https://www.morganstanley.com/pub/content/dam/msdotcom/articles/fossil-fuels/Climate-Change-Fossil-Fuel-Aware-Investing_Primer.pdf
A Good Look At How Homes Will Become More Energy Efficient Soon
Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.
There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.
1. The Rise Of Smart Windows
When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.
If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.
2. A Better Way To Cool Roofs
If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.
Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.
3. Low-E Windows Taking Over
It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.
They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.
4. Magnets Will Cool Fridges
Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.
The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.
5. Improving Our Current LEDs
Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.
That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.
Maybe Homes Will Look Different Too
Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.
ShutterStock – Stock photo ID: 613912244
IEMA Urge Government’s Industrial Strategy Skills Overhaul To Adopt A “Long View Approach”
IEMA, in response to the launch of the Government’s Industrial Strategy Green Paper, have welcomed the focus on technical skills and education to boost “competence and capability” of tomorrow’s workforce.
Policy experts at the world’s leading professional association of Environment and Sustainability professionals has today welcomed Prime Minister Teresa May’s confirmation that an overhaul of technical education and skills will form a central part of the Plan for Britain – but warns the strategy must be one for the long term.
Martin Baxter, Chief Policy Advisor at IEMA said this morning that the approach and predicted investment in building a stronger technical skills portfolio to boost the UK’s productivity and economic resilience is positive, and presents an opportunity to drive the UK’s skills profile and commitment to sustainability outside of the EU.
Commenting on the launch of the Government’s Industrial Strategy Green Paper, Baxter said today:
“Government must use the Industrial Strategy as an opportunity to accelerate the UK’s transition to a low-carbon, resource efficient economy – one that is flexible and agile and which gives a progressive outlook for the UK’s future outside the EU.
We welcome the focus on skills and education, as it is vital that tomorrow’s workforce has the competence and capability to innovate and compete globally in high-value manufacturing and leading technology.
There is a real opportunity with the Industrial Strategy, and forthcoming 25 year Environment Plan and Carbon Emissions Reduction Plan, to set long-term economic and environmental outcomes which set the conditions to unlock investment, enhance natural capital and provide employment and export opportunities for UK business.
We will ensure that the Environment and Sustainability profession makes a positive contribution in responding to the Green Paper.”
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