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Katherine Collins

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59
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2019-04-16
most recent
2019-04-16
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1
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podcast

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  1. “Newer and different questions, getting newer and different insights. So the type of data that's available is growing really quickly. And thank goodness it is. The good news is 10 years ago we had nothing even to complain about and now we have a lot to complain about when it comes to the new data sets. So we're not yet looking at metrics that are always standardized. They're not yet fully disclosed by companies. There's a lot of judgment and estimation that goes into them. But there's something to work with. And so for anyone who has an analytical bent, this is a dream come true. Once you have something to work with, even if it's messy, you're willing to do the work and get to whatever is valuable within it. That's the stage we're at now for ESG. And what's most important, particularly for fundamental investors who are engaging with this data, is to try to figure out what is it in any given setting that is relevant and material once you kind of skinny down that set of requirements, then you get this really cool loop where you probably have at least some data that gives you some”

    2019-04-16 · Invest Like the Best · Katherine Collins – Impact and ESG Investing - [Invest Like the Best, EP.129] · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “Impact investing growing very significantly started really with philanthropists kind of moving backwards to use their investment capital in different ways and now the term is broadening out just as the activity is broadening out. What impact investing is discipline where you have explicit financial returns and explicit goals for social or environmental impact at the same time. So they're living side by side they coexist. Pretty often there too. There's a little bit of a trade-off, right? You want to have more gainful employment in a certain place or even better environmental outcomes you might actually have an either or with your financial return. The big huge middle is where it's really exciting and that's where I'm living all day, every day now. This is the ESG integration category. It's a huge range of approaches. You've got quant approaches. You've got fundamental approaches. You've got all kinds of hybrid approaches. This is where we're trying to make the best use of this newer data.”

    2019-04-16 · Invest Like the Best · Katherine Collins – Impact and ESG Investing - [Invest Like the Best, EP.129] · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “A little bit, and then that puts the current data in a little more context. So, a lot of folks still assume that what we're talking about in terms of sustainable investing practice today is a form of socially responsible investing, which started decades ago. Some folks talk about it in the past tense. It's not past, it's still very much alive and well, very important to a lot of investors. But the mindset was socially responsible investing is exactly what the name implies. It's, I don't want to be involved with certain types of companies for moral or ethical reasons. I'm going to secede from engagement with those organizations. And so it's a not that kind of mindset. And the key question is, what are you against? What are you fighting? Is kind of at the heart of socially responsible investing. You do that, all the questions you mentioned about smaller investment universe, you have to compensate for that somehow, definitely do come into play. But for some investors, that's the framework that they want to choose. Way at the other end of the spectrum in the last 10 plus years now we've”

    2019-04-16 · Invest Like the Best · Katherine Collins – Impact and ESG Investing - [Invest Like the Best, EP.129] · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “So I want to pause before I answer this and say our premise in my work at Putnam is that actually tending to relevant sustainability-oriented issues at companies gives you a chance for higher returns. So our goal is not conciliatory returns or you get some other form of return over here and that should make you happy. It is that we think this can lead to meaningful long-term outperformance. And so we can talk about the empirical evidence for that. The key words that relate to that empirical evidence are relevant material sustainability issues. So if you have a huge checklist of 300 factors that you think are kind of interesting in the world, again, context specific for any given company at any given time, there's a small handful of those that are really, really important where the company is having a big impact on the world around it and vice versa, their stewardship is going to make a big difference in terms of their long-term potential. And so that's the core that we focus our work on. It might help to step back and talk about the evolution of ESG.”

    2019-04-16 · Invest Like the Best · Katherine Collins – Impact and ESG Investing - [Invest Like the Best, EP.129] · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “And now we finally have some more information, some more tools, some more insights to start bringing those things in the corner back in, right? To start thinking about implications on Being or climate or even good governance of organizations. You're an investor, what could be better, right? We're all looking to have the most complete view possible of what we're investing in, and yet all we've looked at for a really long period of time is this really narrow stream of financial data. So who wouldn't want to know more than that, right? There's no one who thinks. Data tells you everything you want to know. About what you're investing in. So at its core That this whole field is trying to do is to connect the dots that we kind of falsely severed long, long ago and give that more complete picture. And then you can do with it what you will.”

    2019-04-16 · Invest Like the Best · Katherine Collins – Impact and ESG Investing - [Invest Like the Best, EP.129] · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “Investing in the effect. What's intriguing about ESG investing and thinking about sustainability more broadly and deeply. Allows us to get back to all those questions we kind of set aside at the beginning of economics and finance, right? Really early on in neoclassical economic theory, we said cetera is parabus, and then we shoved all these really important things over in the corner. And we knew we were doing it, you know. If you go back and read those early Authors, they said, hey, by the way, don't forget you want to get back to those things eventually because you do want to have a more complete view. We ran pretty far and pretty fast in this narrow direction.”

    2019-04-16 · Invest Like the Best · Katherine Collins – Impact and ESG Investing - [Invest Like the Best, EP.129] · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “Destroy the forest behind your own home. Hardly anyone would take that, or it would hurt your own children in a very direct pointed way.”

    2019-04-16 · Invest Like the Best · Katherine Collins – Impact and ESG Investing - [Invest Like the Best, EP.129] · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “Biomimicry principle, which is always defining the function. with great care. If your function really is just money in, money out. Go down a certain path for a certain period of time, but Almost always More to it than that In every setting, if you really get down to function, there's usually a couple different. Of things that Trying to achieve. So if you said to someone, you know, you can get a 12% rate of return, but”

    2019-04-16 · Invest Like the Best · Katherine Collins – Impact and ESG Investing - [Invest Like the Best, EP.129] · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “Patrick O'Shaughnessy is the CEO of O'Shaughnessy Asset Management. All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of O'Shaughnessy Asset Management. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of O'Shaughnessy Asset Management may maintain positions in the securities discussed in this podcast.”

    2019-04-16 · Invest Like the Best · Katherine Collins – Impact and ESG Investing - [Invest Like the Best, EP.129] · IDENTIFIED FROM THE TRANSCRIPT · source