The Catalyst
Ideas with a spark, energy, range and the ability to start things.
Jennifer Grancio earns The Catalyst designation by turning shareholder engagement into a lever for systemic financial transformation rather than moral abstraction. The Engine No. 1 CEO reframes ESG as a pricing inefficiency problem, treating unaccounted emissions as terminal value risks rather than ethical footnotes, and compelling corporations to change from within.
“I think it's that the overall portfolio construction matters, right? So as an investor thinking about when you build, like when we build it into number one, we build products where we put strategies out into the market, the more you can make them balanced and with some duration.”
“Well, first, I'd say those are great areas to go into. You should go into it. And definitely learn how to invest, learn how to be investor. Don't stick to one fat or one mousetrap. If you can learn how to be an investor or how investors think, that will serve you so well in our business.”
“That's right. And that's right. And that's some of the active ownership work we did in that portfolio where Kinoko and Devon are companies that we worked with to join the methane third party verification partnership this past summer. And that's when we talk about engine number one as active owners. It's not always the black hat activist.”
“No, it was growing very quickly, and that business was an institutional business. So as an institutional business, we did indexing. We thought indexing was cool. And the iShares and the ETF idea came from, we just had a fundamental belief it was a better mousetrap.”
Masters in Business: “Jennifer Grancio on Passive Index Funds and ETFs”
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