Impact in Action Report
Highlighting investment in affordable housing in the Bay Area and its connection to voter-approved bond measures in Alameda County.
The stakeholder-centric lens is an important innovation to the capitalist structure. It is also an important counterpoint to the shareholder-centric profit concerns that dominate the early development stages of the technical innovations that drive economic growth.
Climate change is upending our traditional theories of inflation. The consequences of extreme weather and a degrading environment are now being integrated into financial calculations and may continue to drive prices higher.
Investments can't change everything, but they provide a form of action when we are otherwise overwhelmed by climate change or the need for equity, and they are the language through which our country expresses itself.
Inflation will likely recede as the year progresses, although there may also be new cycles of supply challenges, as well as an overall economic slowdown due to higher interest rates.
In part 2, we discuss how choices at institutional and individual levels affect the goal of transitioning energy consumption away from fossil fuels towards renewable energy.
The development of fossil fuels over the past two centuries has led to significant progress in production and standards of living, but the negative impacts on our shared climate require new approaches and solutions.
Recent social action has prompted corporate commitments for greater workplace equity. Investment managers will hold them accountable. This continued engagement will give investors confidence that their asset allocation choices make a difference.
Should we consider the current inflation as temporary or real? There are real price increases impacting consumers today, but we're also unlikely to see the long-term inflation experienced in the 1970s.
Response to our worsening climate crisis is complex and gradual. A chorus of voices from investors and consumers can accelerate the process for all stakeholders in the global ecosystem.
Life is full of tipping points, and change isn’t always smooth and linear. Response to certain crises can take much longer to develop than expected, and when it does coalesce, change can occur faster than anticipated. Rapid change may be coming for the oil industry.
We are now probably getting into the second act of the pandemic, and can’t yet see clearly the possible twists in the plot that will set us down in an entirely new landscape. Like a Shakespearean character, though, we continue to accommodate to circumstance.
In 2020, our firm looked at the issues of justice, equality, diversity, and inclusion (JEDI) in our community, our industry, and our workplace. We asked ourselves, how do we better engage in issues of social justice?