Abstract
The COVID-19 crisis has laid bare many pre-existing conditions of modern society. Besides the obvious lack of pandemic preparedness, these include biodiversity loss, air pollution, supply chain vulnerabilities, and inequality, to name a few – all systemic risks that threaten the health and wellbeing of humans, the environment, or both. For universal owners this is their belief made manifest, proof that externalities generated in one part of the system can add outsized costs to the rest.
This presentation explores how institutional investors can affect systemic risks like climate change or global pandemics.