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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.
How have different governments around the world responded to the health and economic crisis and what are some of the innovative responses that will stimulate the economy and ensure a sustainable recovery?
This session examines the rapidly changing risks to the global economy and the need for new ways of behaving, making decisions and even reversing decisions.
In our second feature looking ahead to FIS 2020, we highlight how the conference will focus on growing calls for a sustainable recovery and purposeful companies. Nobel prize winner Esther Duflo will talk on solutions to inequality, magnified during the pandemic.
In this Fiduciary Investors Series podcast Amanda White talks with Geoffrey Rubin, chief investment strategist at CPP Investments, which manages the investments of Canada’s largest pension fund with about C$410 billion of assets.
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