Wall Street Tries To Live Up To ESG Promises, Cornell's Karolyi Discusses

The video discusses the need for more active engagement in climate action, highlighting research findings on corporate and asset manager involvement. It explores the impact of climate change on business profitability, particularly in industries like insurance. The challenges of divestment for major firms like BlackRock and Vanguard are examined, along with the need for improved measurement standards in climate-related disclosures. New research is emphasized as crucial for understanding and addressing these issues.

What is the main challenge highlighted in the first section regarding asset managers and climate change initiatives?

• Lack of interest in climate change

• Insufficient engagement in compelling disclosures

• Overwhelming support for climate initiatives

• Excessive focus on renewable energy

Which industry is mentioned as being proactive due to the financial impact of climate change?

• Technology

• Insurance

• Retail

• Manufacturing

What is the focus of the new research papers discussed in the second section?

• The benefits of renewable energy

• The role of government in climate change

• The pricing of climate change risks

• The impact of climate change on weather patterns

What is a significant challenge for asset managers like BlackRock and Vanguard in the context of climate change?

• Increasing investments in coal plants

• Divesting from fossil fuels

• Reducing operational costs

• Expanding into new markets

What do index managers need to improve according to the third section?

• Their investment strategies

• Their marketing campaigns

• Their metrics for climate disclosures

• Their customer service