18: Cary Krosinsky - Let The Best Impact Strategy Win

Cary Krosinsky is the Co-founder of the Sustainable Finance Institute, Carbon Tracker and Real Impact Tracker, as well as a lecturer at Yale School of Management. He is the author of seven books including Sustainable Investing: Revolutions in Theory and Practice and his seventh book will look at Modern China, innovation, sustainable finance and cooperation. Cary is also an advisor to Brown University’s Sustainable Investment Fund, Deep Green Metals Inc, and principal at NPV Associates.

Highlights:

• Being selective with experiments and ruthless with what is working and what is not
• Stock exchanges haven’t been providing much push for impact reporting
• Creating a culture of sustainable and impact investing
• It is essential we collaborate to solve problems together
• It feels like a positive to encourage foreign investment into China as foreign investors have a say over conditions for the capital deployment
• Ecological economics’s attempt to put prices on externalities shows that there is little use in measuring carbon footprint of a portfolio because its ultimately not very impactful
• What is really needed is dynamic changes in corporate strategy, investment strategies and policy and supportive policies
• From assessing strategies to creating a certification for financial institution at Real Impact Tracker
• Cary is focusing on advising companies to improve their dual sustainability finance track
• Some SDGs are not directly investable. We need to segment which SDGs are investable and non investable, and of the investable SDGs into the direct and indirectly investable
• Impact measure needs to be done at a systems level as well as a strategy level.
• “Finance without sustainability is a recipe for environmental and social disaster”
• “Sustainable investing without a business case is philanthropy”
• We need to run 100 or more different strategies in parallel at scale
• One trillion dollars of impact vs $500 trillion of tradeable assets
• Cary Krosinsky's personal path to impact and passion for raising awareness through education

Time Stamp:

[06:00] What is impact investing?

[10:27] Sustainable Finance Institute to understand sustainable investments in China

[13:00] How is China leading from within and what is the perception from outside?

[16:55] Misconception that China has enough capital to do everything

[19:09] History and development of Real Impact Tracker and the community of certified financial instituitions

[23:09] How receptive are companies at being certified

[24:59] Case study of Ingersoll Rand putting sustainability at its core

[30:57] We need sustainability and impact with a business case

[36:18] Scaling sustainability in business and The Value of Everything

[45:39] Cary Krosinsky's personal journey into impact

Useful Links:

Cary Krosinsky's Linkedin

Cary Krosinsky's book - Sustainable Investing Revolutions In Theory And Practice

Sustainable Finance Institute

Real Impact Tracker

PRI and UN Global Compact’s Value Driver Model

Ingersoll Rand

Safaricom Kenya

HBR aritcle on Calculating The Value Of Impact Investing
IMM - Impact Multiple of Money

UNEP - The Value Of Everything - working paper

FT - Companies resist Hong Kong ESG disclosure proposal

Goldman Sachs launched Sustainable Finance Group

Schroders acquires BlueOrchard Impact Investment

TPG Growth

Rise Fund
Nick Robbins

Mike Bloomberg

Ray Dalio

Jerry Brown

Bill McGlashan 

Paul Hawken

Connect with JP Dallmann on Linkedin, Twitter, or Instagram.

How to incorporate SDGs into your business - Fast Forward 2030

Find talent and careers with impact - Realchangers

Impact Leaders is produced by Podcast Publishing