Where theory and practice meet: Sustaining and impactful, and especially for governance fiduciaries.
A visit to Arizona last year brought this home…When on a pink Jeep tour of the Cococino National Forest near Sedona, I asked our guide whether the area had seen a reversal of fortune on rainfall, and he said that the green we saw was only from a recent reprieve of some precipitation, otherwise the mostly brown vegetation was from the 20-year mega drought, with average annual rainfall 75% below average.
https://www.wsj.com/articles/arizonas-dry-future-begins-as-colorado-river-shrinks-11650718801
In this interview with Marquette Today, I attempt to define ESG.
The Financial Economist Roundtable weighs in on the SEC’s proposed climate-related disclosure rules. Their advice: limit rules to ESG related-cash flows and avoid “proxy legislation” of social and environmental policy.
https://www.tandfonline.com/doi/full/10.1080/0015198X.2022.2044718
The Financial Economist Roundtable (FER) is a group of senior financial economists who have made significant contributions to the finance literature and seek to apply their knowledge to current policy debates. FER was founded in 1993 and meets annually. Members attending an FER meeting discuss specific policy issues on which the FER may adopt statements. When the FER issues a statement, it reflects a consensus among at least two-thirds of the attending members, and all the members who sign it support it. The list of signatories for the 2021 statement can be found at http://www.financialeconomistsroundtable.com/.