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I'm vid Hanish feistein and faculty
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director of the Wharton schools ESG
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initiative it's estimated that in order
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to move the planet from its current
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trajectory towards four or five degree
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warming scenario to one of one and a
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half or two degree warming scenario
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we're going to need to mobilize 50
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trillion dollars of investment tens of
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trillions of dollars are also needed to
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address some of the racial Injustice and
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social injustice factors that our
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society and other societies face across
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different identity groups in order to
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reach that level of investment we need
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to mobilize the power of financial
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markets we need to mobilize private
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capital in order to do that we need to
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make the business case we need to show
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that it pays it's not enough to exhort
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people to demand people to Advocate that
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people do more we need to show that it
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delivers revenues minimizes costs it
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raises efficiencies that's really what
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the ESG movement is all about it's not
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political it's not woke it's not
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ideological it's just good Finance it's
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good economics it's finding a way to
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incorporate environmental social and
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governance factors into the profits and
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loss statement into an investment
