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The COVID-19 global health and economic crisis has highlighted the need for leadership and capital to be urgently targeted towards the vulnerabilities in the global economy. So what does a sustainable recovery look like and how can institutional investors collaborate to make sure it happens?[vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Gilbert%20van%20Hassel%22%2C%22job_role%22%3A%22Chief%20executive%2C%20Robeco%20(The%20Netherlands)%22%2C%22content%22%3A%22Gilbert%20Van%20Hassel%20has%20been%20chief%20executive%20and%20chair%20of%20the%20executive%20committee%20of%20Robeco%20since%20%20September%202016.%20Van%20Hassel%20has%20over%2030%20years%E2%80%99%20experience%20in%20the%20financial%20services%20industry%2C%20mainly%20in%20asset%20and%20wealth%20management%2C%20with%20broad%20experience%20in%20Europe%2C%20Asia%20and%20the%20US.%20Until%202013%20he%20was%20Global%20CEO%20ING%20Investment%20Management%20and%20member%20of%20the%20board%20insurance%20and%20asset%20management%20of%20ING.%20Before%20joining%20ING%20in%202007%2C%20he%20worked%20for%20JP%20Morgan%20where%20he%20held%20various%20executive%20positions%20in%20Europe%2C%20Asia%20and%20the%20US.%20Van%20Hassel%20has%20a%20Bachelor%3Bs%20degree%20in%20Applied%20Economics%20from%20the%20University%20of%20Antwerp%20St%20Ignatius%20(Belgium)%2C%20an%20MBA%2C%20with%20a%20major%20in%20International%20Finance%20from%20the%20Catholic%20University%20of%20Louvain%20(Belgium)%20and%20a%20Master%20of%20Science%20in%20Finance%20from%20Purdue%20University%20(US).%22%2C%22image%22%3A%2231903%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fgilbert-van-hassel-4720995b%2F%22%7D%5D” title=”Speaker” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Colin%20Tate%22%2C%22job_role%22%3A%22%20Chief%20executive%2C%20Conexus%20Financial%20(Australia)%22%2C%22content%22%3A%22Colin%20Tate%20has%20been%20an%20investment%20industry%20media%20publisher%20and%20conference%20producer%20since%201996.%20In%20his%20media%20career%2C%20Tate%20has%20launched%20and%20overseen%20dozens%20of%20print%20and%20electronic%20publications.%20He%20is%20the%20chief%20executive%20and%20major%20shareholder%20of%20Conexus%20Financial%2C%20which%20was%20formed%20in%202005%2C%20and%20is%20headquartered%20in%20Sydney%2C%20Australia.%20The%20company%20stages%20more%20than%2020%20conferences%20and%20events%20each%20year%20%E2%80%93%20in%20London%2C%20New%20York%2C%20San%20Francisco%2C%20Los%20Angeles%2C%20Amsterdam%2C%20Beijing%2C%20Sydney%20and%20Melbourne%20%E2%80%93%20and%20publishes%20five%20media%20brands%2C%20including%20the%20global%20website%20and%20strategy%20newsletter%20for%20global%20institutional%20investors%20conexust1f.flywheelstaging.com.%20One%20of%20the%20company%E2%80%99s%20signature%20events%20is%20the%20bi-annual%20Fiduciary%20Investors%20Symposium.%20Conexus%20Financial%E2%80%99s%20events%20aim%20to%20place%20the%20responsibilities%20of%20investors%20in%20wider%20societal%2C%20and%20political%20contexts%2C%20as%20well%20as%20promote%20the%20long-term%20stability%20of%20markets%20and%20sustainable%20retirement%20incomes.%20Tate%20served%20for%20seven%20years%20on%20the%20board%20of%20Australia%E2%80%99s%20most%20high%20profile%20homeless%20charity%2C%20The%20Wayside%20Chapel%3B%20and%20he%20has%20underwritten%20the%20welfare%20of%2060%2C000%20people%20in%2028%20villages%20throughout%20Uganda%20via%20The%20Hunger%20Project.%22%2C%22image%22%3A%2231893%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fcolin-tate-839a5a181%2F%22%7D%5D” title=”Moderator” el_class=””][vc_empty_space height=”10px”]
Key takeaways
Social spirit needs to be nurtured for those that are working at home alone.
A sustainable recovery has the same three requirements as a sustainable economy:
We need a healthy planet – 1 million animal species are threatened with extinction
Wealth and wellbeing need to be fairly shared
Good governance across government and corporates
One silver lining is how willing people are to think differently and endure sacrifice during the pandemic.
Will the world finally wake up to the climate crisis? Hopefully, but we should not be complacent. After all, ‘This time it’s going to be different’ is a dangerous line because human behaviour is very slow to change.
Government will have to play a role to ensure the definition of fiduciary duty includes greater appreciation of sustainability considerations.
If we collaborate and persist in actively voting and engaging we can achieve great change that will impact the world far for generations to come.
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Poll results
Do you align your investment objectives with the SDGs?[vc_line_chart x_values=”” values=”%5B%7B%22title%22%3A%22Yes%20(24%25)%22%2C%22y_values%22%3A%2224%22%2C%22color%22%3A%22blue%22%7D%2C%7B%22title%22%3A%22No%20but%20plan%20to%20in%20the%20next%2012%20months%20(10%25)%22%2C%22y_values%22%3A%2210%22%2C%22color%22%3A%22pink%22%7D%2C%7B%22title%22%3A%22No%20but%20are%20having%20discussions%20around%20a%20plan%20for%20this%20(41%25)%22%2C%22y_values%22%3A%2241%22%2C%22color%22%3A%22green%22%2C%22custom_color%22%3A%22%23555555%22%7D%2C%7B%22title%22%3A%22No%20(24%25)%22%2C%22y_values%22%3A%2224%22%2C%22color%22%3A%22mulled-wine%22%2C%22custom_color%22%3A%22%23f4524d%22%7D%5D”]
The Florida State Board of Administration has made some strategic moves to take advantage of opportunities in the dislocation, including in private equity, distressed debt and active listed equities.. But CIO, Ash Williams, is concerned about the underlying real economy.
Fraud and falsehoods are nothing new but technology has made it much more difficult to separate fact from fiction. Professor Stephen Kotkin discussed investing in a world of deception.
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The implications for investors of the inclusion of China A-shares in the wider MSCI indexes, an inevitable outcome, will be discussed at the Fiduciary Investors Symposium at Yale in October.
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Former Governor of the US Federal Reserve, Ben Bernanke, says there are no foreseeable shocks to the financial system. In any case, he says, the system itself is so much more robust than it was before the crisis, that it could weather the storm. The only possible cause for concern is geopolitical risk. Risk
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