EOIN MURRAY | Head of Investment, Hermes Investment Management
We need to rethink our economic model – and the new one needs to be premised on stewardship in the broadest sense of the word. Action is required on the part of all participants in the economic system, with the investment industry, as the turntable of capital, having a key role to play. This paper will focus in part on climate risk, more specifically on the ‘putative’ tail risks represented by climate tipping points. It will also consider recent developments in the fixed income markets to see if a market- and climate-friendly innovation can be found to provide the direction and pace of change that we need.