Investors are constantly looking at what the next drivers of growth will be, where they will be located, and who will benefit from them. Technology is enabling growth across the world, but what differentiates the hundreds of companies headed for mediocrity or failure from the few that will excel? And how much more room is there to grow?[vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22David%20Veal%22%2C%22job_role%22%3A%22chief%20investment%20officer%2C%20Employees%20Retirement%20System%20of%20Texas%20(United%20States)%22%2C%22content%22%3A%22%22%2C%22image%22%3A%2247064%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fdavidtveal%2F%22%7D%2C%7B%22name%22%3A%22Mark%20Baribeau%22%2C%22job_role%22%3A%22managing%20director%2C%20head%20of%20global%20equity%2C%20Jennison%20Associates%20(United%20States)%20%22%2C%22content%22%3A%22Mark%20B.%20Baribeau%2C%20CFA%2C%20is%20a%20managing%20director%2C%20the%20head%20of%20global%20equity%2C%20and%20a%20global%20equity%20portfolio%20manager.%20He%20joined%20Jennison%20Associates%20in%20April%202011.%20He%20was%20previously%20with%20Loomis%2C%20Sayles%20%26%20Company%20for%20more%20than%2021%20years%2C%20where%20he%20was%20lead%20portfolio%20manager%20for%20the%20global%20equity%20opportunities%20strategy%2C%20beginning%20in%202004.%20In%20addition%2C%20he%20managed%20large%20cap%20growth%20portfolios%20from%201992%20to%202010%2C%20serving%20as%20lead%20manager%20from%201999%20to%202010.%20Prior%20to%20his%20tenure%20at%20Loomis%2C%20Sayles%20%26%20Company%2C%20Baribeau%20was%20an%20economist%20at%20John%20Hancock%20Financial%20Services.%20He%20received%20a%20BA%20in%20economics%20from%20the%20University%20of%20Vermont%20and%20an%20MA%20from%20the%20University%20of%20Maryland.%20He%20has%20a%20CFA%20designation%20and%20is%20a%20member%20of%20the%20Boston%20Security%20Analysts%20Society%20and%20the%20National%20Association%20of%20Business%20Economists.%22%2C%22image%22%3A%2247065%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fmark-baribeau-c-f-a-067856b%2F%22%7D%5D” title=”Speaker” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Amanda%20White%22%2C%22job_role%22%3A%22Director%20of%20institutional%20content%2C%20Conexus%20Financial%20%20(Australia)%22%2C%22content%22%3A%22White%20is%20responsible%20for%20the%20content%20across%20all%20Conexus%20Financial%E2%80%99s%20institutional%20media%20and%20events.%20She%20is%20responsible%20for%20directing%20the%20bi-annual%20Fiduciary%20Investors%20Symposium%20which%20challenges%20global%20investors%20on%20investment%20best%20practice%20and%20aims%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.%20She%20is%20the%20editor%20of%20www.top1000funds.com%2C%20the%20online%20news%20and%20analysis%20site%20for%20the%20world%E2%80%99s%20largest%20institutional%20investors.%20White%20has%20been%20an%20investment%20journalist%20for%20more%20than%2020%20years%20and%20has%20edited%20industry%20journals%20including%20Investment%20%26%20Technology%2C%20Investor%20Weekly%20and%20MasterFunds%20Quarterly.%20She%20was%20previously%20editorial%20director%20of%20InvestorInfo%20and%20has%20worked%20as%20a%20freelance%20journalist%20for%20the%20Australian%20Financial%20Review%2C%20CFO%2C%20Asset%20and%20Asia%20Asset%20Management.%20She%20has%20a%20Bachelor%20of%20Economics%20from%20Sydney%20University%20and%20a%20Master%20of%20Arts%20in%20Journalism%20from%20the%20University%20of%20Technology%2C%20Sydney.%20She%20was%20previously%20a%20columnist%20for%20the%20Canadian%20publication%2C%20Corporate%20Knights%2C%20which%20is%20distributed%20by%20the%20Globe%20and%20Mail%20and%20The%20Washington%20Post.%20White%20is%20currently%20a%20fellow%20in%20the%20Finance%20Leaders%20Fellowship%20at%20the%20Aspen%20Institute.%20The%20two-year%20program%20consists%20of%2022%20fellows%20and%20seeks%20to%20develop%20the%20next%20generation%20of%20responsible%2C%20community-spirited%20leaders%20in%20the%20global%20finance%20industry.%22%2C%22image%22%3A%2245819%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Famanda-white-101a7515%2F%3ForiginalSubdomain%3Dau%22%7D%5D” title=”Moderator” el_class=””][vc_empty_space height=”10px”]
The world has two decades to find the solutions to keep warming to below two degrees, otherwise we are likely to cross two degrees and need to plan for risk associated with two point five or three degrees.
He said the number of corporate commitments to tackle climate change will increase in line with customer demand for more action.
On one hand innovation will comprise “sustained innovation” of existing technology. In contrast, “disruptive innovation” comprises new technology that is initially expensive but then becomes cheaper.
Innovation also depends on companies being able to tap the infrastructure and supply chains they need to thrive.
In early-stage investment, the focus is on feasibility and the extent to which a new product is cost effective or competitive. In the next stage access to a supply chain and infrastructure becomes a priority.
Investment in pioneering sectors involved working with teams that understand the technology, regulatory barriers and supply chain risk as well as an understanding of the policy needed to create these markets.
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Unanswered questions and answers
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Poll results
To follow[vc_line_chart x_values=”” values=”%5B%7B%22title%22%3A%22OneDirect-to-consumer%20models%3A%20E-commerce%2C%20EVs%2C%20entertainment%22%2C%22y_values%22%3A%2236%22%2C%22color%22%3A%22blue%22%7D%2C%7B%22title%22%3A%22Tech%20enablers%3A%20Digital%20payments%22%2C%22y_values%22%3A%2227%22%2C%22color%22%3A%22pink%22%7D%2C%7B%22title%22%3A%22Digital%20transformation%20of%20the%20enterprise%3A%20software%20as%20a%20service%22%2C%22y_values%22%3A%2236%22%2C%22color%22%3A%22sandy-brown%22%7D%5D” title=”Which secular theme do you think is most compelling?”]
Power prices will not fall to zero in a world of renewables and renewable energy generation ebbs and flows require smoothing and investment in new technologies according to experts on renewable energy. Gas will be in the system longer as a bridge fuel, and investors should also explore opportunities in construction-ready or operational fixed-price renewable
This session explored how the private credit market has evolved, what it’s role in broad fixed income portfolios will be in the future and what return premium investors should expect as they move further out the risk spectrum.
This session examined what the world will look with an energy system dominated by wind and solar and specifically examine the implications on energy system pricing, access and risks for consumers and investors.
Anne Simpson, managing investment director, board governance and sustainability tells Amanda White why transparency is so important at CalPERS and what the fund is doing to improve it.
The COVID crisis ushered in the paradigm shift to the MP3 world, characterized by the unprecedented combination of fiscal and monetary policy responses around the globe.
In this episode Amanda White talks with engagement specialist at Robeco, Peter van der Werf, about the importance of engagement; what good engagement looks like; and what financially material sustainability themes are important right now.
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