Refinancing the planet: How big money can impact climate change

Maybe you’ve heard the one about bankers’ hearts being in strong demand by transplant patients… because they’ve never been used.

It might be time, however, to ditch the banker jokes. Michael Sabia, President and CEO of Canada’s second-biggest pension fund, the Caisse de dépôt et placement du Québec, and Bertrand Badré, the former Managing Director and Chief Financial Officer of the World Bank Group, are among a new breed of investors putting serious money (and their hearts) in the right places, betting big on reversing climate change. And they’re winning.

But to update the Earth’s operating system, we have to discuss money.

 

Profit or planet — why choose?

As head of the Caisse, Michael steers clear of using the term “doing well by doing good” because, well, “it sounds the way it sounds.” Instead, he simply sees sustainable investing as making good…

Original published: 2019-01-09 16:12:53 Read the full Montreal News here


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