33 presenters have been confirmed.
TBLI Investor Salon returns September 2022
The TBLI Investor Salon is a virtual event where funds and companies can present in front of a group investors from TBLI's network, with a Q&A session afterwards.
We will be sending out invitations for the upcoming Investor Salon soon to investors in our network.
TBLI News & Announcement
Paul Watchman is a climate legal pioneer, TBLI Hero, and class act. With his ground breaking work A Legal Framework for the Integration of Environmental, Social and Governance Issues into Institutional Investment, he showed the importance of climate risk for fiduciaries, long before it became fashionable. Paul has won countless awards, but always remaining humble, generous and committed to institutionalising sustainable finance. Paul has been extremely supportive of TBLI and many other organisations and always integrating genius and a great sense of humour. His willingness to move the cause of sustainability forward is an inspiration to us all and has never wavered. Thank you for being such a mensch. Congrats.
Radical Truth - TBLI Podcast
Refugees are an asset not a liability
The Refugee Investment Network (RIN) is building the investment ecosystem for refugee-led and supporting ventures through delivering partnerships, advisory programs, education, and financing mechanisms.
John Kluge the founder will show how Refugees are an asset not a liability and how RIN has creative financial instruments to help both society and refugees
What will you learn?
What is the current state of forced displacement worldwide?
Vanuatu, one of the most climate-vulnerable countries, launches ambitious climate plan
The Pacific country has committed to 100% renewable energy in electricity generation by 2030
The Pacific country of Vanuatu has launched one of the world’s most ambitious climate policies, committing to 100% renewable energy in electricity generation by 2030 and ambitious targets on loss and damage. The announcement signals yet another instance of the small island state making its mark in international climate efforts. At last year’s UN climate summit in Glasgow, all countries were urged to “revisit and strengthen” their nationally determined contributions (NDCs) on climate action by the end of 2022. Vanuatu is one of just 12 countries to have done so, and its ambitious targets have been praised by regional experts.
“They are really setting an example for the rest of the world,” said Tagaloa Cooper-Halo, the director of the climate change resilience program at the Secretariat of the Pacific Regional Environment Programme (SPREP). “Vanuatu is leading by example in many ways, despite having negligible emissions. They are taking the lead by putting up their plan. This was a monumental effort by their government and all the stakeholders because it takes a lot of work and coordination to arrive at that announcement.”
Vanuatu is already a carbon-negative country – meaning it absorbs more emissions than it produces – but has committed to going further, by phasing out fossil fuels almost entirely and hoping to become 100% renewable in its electricity generation by 2030. They are also pushing for a loss-and-damage finance facility to be rapidly established in order to support vulnerable communities. According to the government, the costs of achieving Vanuatu’s revised commitments, are estimated at $1.2bn by 2030.
“Thirty years ago, Vanuatu was the first nation in the world to call for climate polluters to pay for the permanent losses and irreversible damage caused by their emissions,” said Dr Wesley Morgan, a senior researcher at the climate council. “Today, Vanuatu is calling for the establishment of a new loss-and-damage finance facility at the UN. To be an effective ally to the Pacific on climate action, Australia should support a new loss-and-damage finance facility.”
Our new fire weather is almost impervious to firefighting. The best way to stop firestorms is to prevent them from happening.
In 2021 (not even a year after the Grand Lake disaster), smoke from California’s firestorms reached the East Coast. Three thousand miles from the flames, New York skies filled with soot and smoke.
Higher temperatures and drier weather will bring more of these catastrophes. So long as the root problem exists, grey and red skies will be a fact of life.
Some people seem to believe that hydrocarbon fuels are (and will be) the only economically viable energy source — that as a result, climate change is inevitable. This idea is dangerously wrong.
Dozens of renewable energy breakthroughs are on the horizon: promising to disrupt almost everything we’ve ever taken for granted about energy production & storage, agriculture, and freshwater distribution.
We must resist the temptation to see things as they are now, and try to imagine how industries could change.
Hong Kong’s Strategic Tech Fund should drive growth of impact investing - Opinion piece
I read with considerable interest the Post’s exclusive interview with the financial secretary on the launch of a HK$5 billion Strategic Tech Fund. Entrepreneurs and investors will certainly welcome this initiative. But the government should be more “strategic” and prudent in using taxpayers’ money to subsidise commercial ventures.
As outlined in the budget, the fund will invest in businesses that will be important to the competitive development of Hong Kong. As the government is working out the implementation details, it is important to go back to some basic principles on why and how the government should intervene in the operations of the private sector.
Government intervention is only justified when a pure market mechanism does not work. There are businesses that require a much longer research and development cycle and more protracted processes of market validation, and thus pose greater risks to investors with potentially slower and lower rates of returns.
These are ventures that require more patient capital and are usually businesses that have strong social impact, such as edtech (education technology), biotech, health tech, and green tech. Getting funding for these ventures is generally hard, as they appeal neither to mainstream investors nor philanthropic and charitable money.
Energy Policies For Refugee Assistance: Sustainability And Access
Refugees crowded into squalid camps is not a new mental image. The numbers of refugees are continuing to climb globally. This year 274 million people were recorded to be in need of humanitarian assistance, of which 100 million are refugees. The Russian invasion of Ukraine not only brought this to Europe but to many states in the global south dependent on Ukrainian foodstuffs. This humanitarian crisis is not just a disaster on its own terms but is also an underappreciated part of our modern energy crises.
Paradoxically as more and more people are forcibly disconnected from energy grids and forced into refugee camps, these individuals’ per capita energy consumption increases despite individuals using less. The figures are staggering. Only 11 percent of displaced persons have access to individual energy outlets, and 9 out of 10 refugees lack access to sustainable light sources. Profound inefficiencies and lack of attention to basic energy needs in refugee and humanitarian policy are creating the worst of all worlds: Energy usage is increasing while providing fewer and fewer benefits.
Over 4 million refugees and 6 million internally displaced persons (IDPs) are already straining European energy infrastructure. Burnouts and blackouts are now endemic problems in Eastern European power grids. Refugees’ reliance on forward-distributed hot meals utilizes much more energy per person through the transport of cooking oils and utilization of smaller inefficient ranges. When winter arrives, poorly insulated tents, barracks, and other “temporary” accommodations will utilize vast quantities of electricity, keeping its inhabitants warm with less efficient portable fuels or depend on blankets and shawls, which must not only be produced but transported en masse.
If agencies cannot solve these problems, refugees themselves will. Unfortunately, like most unorganized mass actions, the results will be undesirable. In Lebanon, Syrian refugees worsened “levels of solid waste, air and water pollution and sanitation” to avoid mortal danger. Likewise, Bangladesh was environmentally impacted when Rohingya refugees destroyed 3 713 acres of critical reserve forests, accelerating deforestation and increasing air pollution from more than 100 tons of human waste so they could cook food.
A growing awareness of dwindling global resources and bad corporate actors has galvanized investors, moving them past nebulous concepts of “corporate sustainability.”
To underscore the magnitude of this focus, a recent analysis by Bloomberg Intelligence1 estimates global ESG assets will exceed $53 trillion by 2025, over 35% of the $140 trillion assets under management.
Investment funds have led the way in ESG investments for many years, with one of the largest independent global funds, Dubai Investment Fund (DIF), recently creating a dedicated ESG investment department. Eustace Osborn, the Head of the new ESG Investment department at DIF, feels that ESG investing is the way of the future. Osborn comments, “The term ESG gained popularity during the last two years and now represents one of the major trends in the financial and corporate world.”
Since being established in 2001, Dubai Investment Fund’s primary focus has been the responsible investment of client funds into ESGs to achieve sustainable growth for their stakeholders. DIF considers ESG considerations integral to investment strategies for institutional clients. As an active ESG investor, it uses in-house proprietary research, third-party insights, and a critical analysis of company-specific ESG factors to parallel and balance its financial assessments.
The fund’s investments in the past decade have included a focus on climate change, green energy, fostering healthier workplaces, and sustainable waste.
Eustace Osborn was chosen as the head of the DIF’s ESG Investment Department in July, 2022. According to a research conducted by the company, every US$10 million of investments in renewable energy projects and energy efficient products should bring at least 8.5% of profit annually.
England ‘failing to invest in water networks to avoid future droughts’
Government policy amounts to ‘keeping fingers crossed’ rather than acting to adapt to changing climate, says infrastructure chief
England is failing to invest in the water networks needed to avoid a future of recurrent serious droughts, with current policies amounting to the government “keeping [its] fingers crossed”, the UK’s infrastructure chief has warned.
The current drought was a warning that water systems could not cope with the changing climate, with more hot dry spells interspersed with heavier rainfall, said Sir John Armitt, chair of the National Infrastructure Commission.
“Investment is better than keeping your fingers crossed, and than relying on emergency measures,” he warned.
Ministers could not prevent dry weather, but they could direct investment into infrastructure to cope with it, such as reservoirs and cutting wastage, he said. “The government should set out what degree of risk from drought they would see as reasonable, for people to manage and expect.”
Water bills may have to increase to pay for the investment needed, he warned. “If you want greater resilience to drought, then you have to increase water bills or general taxation [to pay for it],” he told the Guardian in an interview.